The numbers in this article are " Staggering " & all Western Economies are in the same position to 1 degree or another.
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America is currently burning through roughly $3 billion every single day just to pay the interest on its existing debt.
Think about that for a second. Before a single pothole is filled, before a single soldier is paid, before a single school lunch is funded, or a Medicare claim is processed, $3 billion dollars vanishes into thin air every 24 hours. It doesn't buy new equipment, it doesn't rebuild infrastructure, and it doesn't help struggling families. It's purely the cost of treading water.
But the money doesn't vanish into thin air. Most of it goes into the accounts of the " Super Elites " ( the Deep State/Bureaucrats skim what they can ) . These are the People/Families that own the Worlds Banking System.
The Federal Reserve in the USA ( & most other central banks in the west ) are " Privately Owned ". The money from all this " DEBT ! "goes to the super elites/wealthy. These are the 0.01% that own 50% of the worlds wealth & they are coming for the rest of it before the " Worlds Financial System " Implodes/Explodes ( just semantics, take ur pick ).
Edit to add :- Unfortunately, the mathematics of debt do matter. And right now, the system is locked into a vicious, mechanical doom loop. Here's how it works...
Every month, while you pay your bills, live within your means, and balance your personal finance books, the Treasury issues mountains of new debt just to pay off the old debt that's maturing. All the while, it's borrowing more to cover current overspending. Yet, because the market is getting flooded with U.S. bonds, investors are demanding higher yields.
Higher yields mean refinancing becomes more expensive. More expensive refinancing creates even larger deficits. Larger deficits require issuing even more bonds.
The financial system is, in effect, cannibalizing itself to stay alive.
It's accelerating. Gold/Silver won't protect u from the " Financial Suicide " that is coming, but it might help u survive on the other side of the next financial collapse
State-Sponsored Suicide<!-- --> | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com
America is currently burning through roughly $3 billion every single day just to pay the interest on its existing debt.
Think about that for a second. Before a single pothole is filled, before a single soldier is paid, before a single school lunch is funded, or a Medicare claim is processed, $3 billion dollars vanishes into thin air every 24 hours. It doesn't buy new equipment, it doesn't rebuild infrastructure, and it doesn't help struggling families. It's purely the cost of treading water.
But the money doesn't vanish into thin air. Most of it goes into the accounts of the " Super Elites " ( the Deep State/Bureaucrats skim what they can ) . These are the People/Families that own the Worlds Banking System.
The Federal Reserve in the USA ( & most other central banks in the west ) are " Privately Owned ". The money from all this " DEBT ! "goes to the super elites/wealthy. These are the 0.01% that own 50% of the worlds wealth & they are coming for the rest of it before the " Worlds Financial System " Implodes/Explodes ( just semantics, take ur pick ).
Edit to add :- Unfortunately, the mathematics of debt do matter. And right now, the system is locked into a vicious, mechanical doom loop. Here's how it works...
Every month, while you pay your bills, live within your means, and balance your personal finance books, the Treasury issues mountains of new debt just to pay off the old debt that's maturing. All the while, it's borrowing more to cover current overspending. Yet, because the market is getting flooded with U.S. bonds, investors are demanding higher yields.
Higher yields mean refinancing becomes more expensive. More expensive refinancing creates even larger deficits. Larger deficits require issuing even more bonds.
The financial system is, in effect, cannibalizing itself to stay alive.
It's accelerating. Gold/Silver won't protect u from the " Financial Suicide " that is coming, but it might help u survive on the other side of the next financial collapse
