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The total Federal debt held by foreign and international investors is currently $7.2 trillion. Let’s put that into perspective:
- Costs of the 20-year war on terror: $8 trillion and 900,000 deaths.
- US and its allies have frozen more than $58 billion from Russian oligarchs.
- Seven countries have frozen assets barring Russia from at least $284 billion.
- Putin’s War in Ukraine Has a Trillion-Dollar Price Tag.
- Inflation example: From 2014 through today, the inflation rate was 27.1% . That means that a ten year UST lost almost $2 trillion of $7.2 trillion (not accounting for the interest paid on the T-bills). Ask SVB how that worked out for them.
My point is that the USD is quickly becoming worthless. If we see it in our everyday lives, foreign countries and leaders see it also. Let’s consider China:
China slips away from Treasuries but sticks with dollar bonds
China’s holdings of U.S. Treasuries last year shrank by $173.85 billion, Bertaut and Judson’s figures show, the second-largest fall on record after the $189 billion slump in 2016, around the time of China’s mini devaluation.
Beijing’s stash of U.S. government bonds ended last year at $862.3 billion, the lowest since May, 2010, according to Refinitiv data.
Now consider the cost of a war with the United States for China. It would be cheaper for China to dump their US treasuries and collapse the US dollar than fight a war. And when China dumps their treasuries, they will get at least 50% of their investment.
Russia already has had their assets illegally seized or frozen. The end result after one year of sanctions is a strong economy, low inflation and higher profits on their commodity sales. Do you think the rest of the world is missing this point? How much value do you put in the full faith and credit of the United States’ government.
David DeGerolamo
“How did you go bankrupt?”
Two ways. Gradually, then suddenly.”
― Ernest Hemingway, The Sun Also Rises
If you read the bible, then you know that evil government is nothing new.
Even though gold and silver were in used a “Rich Man” was described by his relationship with his God, his flocks, healthy family, trusted friends and having a Proverbs 31 wife.
I could post plenty of scripture, but I think you know them.
Trusted friends, a healthy family well fed and sheltered, tools, skills and FAITH will again be wealth.
When all the EXTRA emergency money for EBT cards that CONgress (spelling intentional) gives to the Gimme Dats FAILS to buy enough food…
THEN things will get ugly frisky, and FAST.
CONgress and the Fed can “Print Money” BUT they Cannot Print a single loaf of bread to buy with it.
Tempus fugit, you will never know until the Bank Holiday when things will go sidewise. If your waiting to buy that extra something, well….
Even the good and silver will be worthless in the last days.
Your gold and silver is cankered; and the rust of them shall be a witness against you, and shall eat your flesh as it were fire. Ye have heaped treasure together for the last days -- James 5:3
I disagree that we are in the last days. Gold and silver are a safe method of exchange compared to the USD.
I’m wondering about the 3 down votes. How is that helpful? If you can educate someone, why not share your thoughts to the contrary? Anyone can just post a down vote. I vote no credibility on the down votes.
The down votes are just another form of trolling. I have been cancelling out down votes by trolls but I only get one vote. Down votes on good comments only proves that some people do not want the truth out or they want to marginalize other people’s opinions.
I think we are in the last days, and I think gold and silver are the only safe means of preserving our wealth; but you can’t eat gold & silver, & there will be a time when food is more valuable. (that’s the time to collect up the gold!)
No. 4. It’s not Putin’s war. It’s Russia’s war of survival against the Globo homo empire.
“It would be cheaper for China to dump their US treasuries and collapse the US dollar than fight a war.”
China has certainly been contemplating ‘asymmetric war’ & ‘total war’,
& the US has certainly made ‘economic war’ a big part of their arsenal…
= seems a likely scenario.