When you read that the US is now paying more in interest than it spends on national defense, you can rest easy knowing the facts:
“The Federal Reserve owns a lot of government debt,” Braun said. “The Treasury does pay interest payments to the Federal Reserve, but then the Federal Reserve turns around and gives it back to the Treasury — that alleviates some of the issues.”
So we are just paying ourselves? Oh, nothing to worry about, then. We can just borrow another $30 trillion. It will be fine. Take a look at what the milestones the debt has hit over the past year or so:
| Date: | Amount of National Debt | |
| October 12 | $33.5 Trillion | |
| September 15 | $33 Trillion | |
| July 11 | $32.5 Trillion | |
| June 15 | $32 Trillion | |
| June 2 | $31.5 Trillion | |
| Sept 30, 2022 | $31 Trillion |
This time in 2019, I was posting that the national debt was at $23 trillion. We have borrowed more than $10 trillion in the past 4 years, with a $2 trillion of that being in the last 4 months. The rate of growth in our national debt is exploding.
The debt is growing far faster than the economy. So much for Keynesian economics. We are fast approaching the point where our national debt is 1.5 times the size of GDP. There is no recovering from this. There is no way to pay this off. The only outcome now is economic collapse. The only question is when.
I don’t understand what is going on and why the Feds are on such a spending spree, but what I do know is that this isn’t good. If you look, the US was borrowing about $2 Trillion a year until June of this year. That was scary enough, but there are some serious problems coming up, as this country (with the exception of the pause in the debt ceiling in August) is now borrowing a trillion bucks about every 60 days. This can’t continue, and by definition, anything that can’t continue, won’t.
There is going to be some major inflation coming. Our currency is being devalued like never before. Stock up on the three B’s: Bullets, Beans, Bullion. They are about to become a whole lot more valuable.
9 Comments
foot in the forest · October 16, 2023 at 11:35 am
This is why you have a currently 2 front war. It will need to be ww-3 to cover the looting of ussa.
Andrew · October 16, 2023 at 1:14 pm
I’ve been screenshotting “debtclock.org” every so often, and it jumps about 3 Billion a day.
Except earlier in the month when it was 240 in a day.
Not long ago, we hit 33, and now it’s closing on 34.
I need to get some more beans it seems.
Big Ruckus D · October 16, 2023 at 3:11 pm
As many others have observed all over the internet, this is the looting of the treasury phase that always occurs during the terminal collapse of empire. Anyone here really think even 50% of that “money” is being spent on anything useful and tangible? Fuck no, it is obviously being laundered and stuffed in the offshore accounts of political whores and other well connected sorts who receive it as a fringe benefit of their position.
Look at the state of the .mil today, in terms of equipment and upkeep of same (rusty ships as an obvious example) or availability of advanced (or even not so advanced) weapons systems, all the way down to mere artillery shells. Stuff is out of stock, with extended lead times for replenishment. Most of the nukes held by FUSA have apparently not been maintained or replaced as needed, calling into question their actual effectiveness. So the question arises, where did they money go?
I’ve been alive about 50 years now. My entire life has seen military budgets that are nothing short of breathtaking. What the hell did it all get spent on? Because it doesn’t look like it actually bought what most of it was purportedly budgeted for. One can only surmise much of it was skimmed off and pocketed, which makes perfect sense when one really stops and considers it.
The blow off top is most assuredly inbound, and will not be averted. Any possible chance of that ever happening is probably 30-40 years in the rearview mirror by now, as we have long since passed the economic and demographic mile markers that were the last chance to turn around and avoid complete destruction. Instead, we will do a Thelma and Louise maneuver right off the cliff and get REKT.
Waldgangers · October 16, 2023 at 3:56 pm
Didn’t Nutty Yahoo say that countries they really hate become hollowed out welfare colonies or was it the when we are done milking the FUSA it can dry up and blow away quote?
Jester · October 16, 2023 at 8:05 pm
Honestly we can’t pay for it which is why we have not had a budget passed that made any sense in years. The ones that actually crunch the numbers know. All that can be done is kick the can down the road and hope they are not in office when the wheels fall the hell off. This is being entirely engineered. The thing is when it does collapse who profits? who gets all the assets? Both private and .gov.
Tar · October 17, 2023 at 12:10 am
So in other words… it’s a self-licking ice cream cone. Every lick devalues the currency. Problem is that the way the Fed generates currency is to loan it into existence. All loans come with interest, the obligation to pay back more than the value of the loan itself. All loans also come with collateral in case of default.
So if the dollar defaults, who, pray tell, is collecting the collateral… and what is that collateral?
Max Wiley · October 17, 2023 at 10:09 am
It’s called looting. Our so called elites know the house is burning, but they are busy convincing everyone that everything is just fine while they convert all of their wealth into tangibles, including bunkers.
I will point you to the movie The Big Short, for me the climax of the plot was Michael Burry’s (played by Christian Bale) phone conversation wherein, paraphrasing, he tells the counterparty on one of his major short positions “What you are saying, is that having acquired a short position yourself, you are now willing to mark the CDS at the proper value.”
The movie wasn’t really about the mortgage backed securities crash, it was how the banks maneuvered the entire system including the credit rating agencies to avoid the repricing until they were on the right side of the trade.
Now the bubble is the “Everything” bubble because it is literally money itself that is the bubble, and what we are watching is the elites maneuvering to be on the right side of the trade when the repricing happens.
And by repricing, I mean the value of the dollar.
Bear Claw · October 17, 2023 at 3:53 pm
Printer go brrrrrrrrrrrrrrrrrrrt.
In the last week Janet Yellin said yes, we can afford war on two fronts. She should know.
Glad inflation is only 4.8 percent, only.
McChuck · October 18, 2023 at 3:44 am
Why pay it back? This isn’t citizens buying t-bills any more. It’s the government loaning money to itself. The money has already been paid, so the currency devaluation has already happened. Repudiate the debt. It’s just numbers in an electronic ledger. And it’s not like the government will stop loaning money to itself just because it’s a bad credit risk.
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