US Debt (General)
This probably belongs in another thread, but relates to your financial catastrophe in the making observations.
Epoch Times: In a historic fiscal milestone for the federal government, the national debt rose to $35 trillion for the first time.
Current debt levels are equal to $105,000 per person and $266,000 per U.S. household.
Over the past 12 months, the national debt has spiked by nearly $2.35 trillion, an average of about $6.4 billion per day.
$6.4 bil a day! That can't be sustainable, surely. The article notes that the national debt has increased by 50 percent since Covid.
The bulk of the debt is in Treasury bonds bought by banks, insurance companies, state and local governments, foreign governments and private investors.
A significant amount of other debt is money loaned by government agencies to itself.
These practices can amount to a form of money printing. It's loaning money on the never-never - meaning that you don't actually have to pay back.
Of foreign countries owning US debt, Japan is number 1, China is 2nd.