US Debt (General)

by dan, Saturday, September 14, 2024, 15:25 (68 days ago) @ dulan drift

Over the past 12 months, the national debt has spiked by nearly $2.35 trillion, an average of about $6.4 billion per day.[/i]

$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.

No, it's not sustainable at all. It will all crash and burn at some point. This is what the politicians do not want us to think about. It will kill us, or cause massive war, poverty, and starvation, long before climate change.

My understanding is that the US can maintain this death spiral for quite a few years because the USD is the reserve currency; most international debt is held in USD, so regardless of how far the US goes into debt, countries must still buy the USD to service their debt, and the US Fed knows this. No other country could get away with this, not even close, but by the Fed (the ORG-GODS rather) continuing to devalue the USD, they're effectively devaluing the entire world economy. Actually, that's not accurate. They are shifting wealth from everyone and everything to the ORG-GODS. That's what the system does, and we're told that a little inflation is good, just a little. That's bullshit.

Inflation is how they take wealth from the poor and give it to the rich. With any positive GDP, there should be DEflation, and deflation helps everybody. It means we can buy more with what we have and work less. An increase in GDP produces a SURPLUS and so prices should come down. But the ORG-GODS don't want that. INflation assures that we are kept in financial slavery.

And when this does all crash and burn, they'll introduce a CBDC or something close. In the US it may be a corporate, banking digital currency. But it's coming. More on that below.

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.

That's right. Those closest to the FED institutionally, meaning the ORG-GODS, are the ones who benefit from this. They're the ones who cash in on money printing. Hey, that's pun!

Of foreign countries owning US debt, Japan is number 1, China is 2nd.

So the US is pumping USD into these countries via interest on the debt by printing money. It's a vicious cycle. The superpowers can't afford to kill the hegemony of the USD because they're holding it and getting paid to do so, but at the same time the USD is dying.

Regarding CBDC, Thailand is apparently releasing one. I've been listening to this guy on the topic. Apparently Thailand is trying to institute some, well, unfortunate financial policies. Here's a recent comment on a tax proposal. In short, what's happening in Thailand seems to be a manifestation of something going on internationally.


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