Economic Truth

Posted on September 21, 2024 by DRenegade
    
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Alan2314
Alan2314
1 month ago

I think we’re already bankrupt.

9
173dVietVet
173dVietVet
1 month ago

As Pogo (comic strip character in 1971) so aptly said:
“We have met the enemy, and he is us…”

5
AJR973
AJR973
1 month ago

Closing on $40 Trillion in debt begs the question: What is money; at least in the fUSA? November 2024 shan’t improve anything. No matter which puppet is installed, the rank and file producers are doomed. SMH.

3
Nobody
Nobody
1 month ago

We just paid 1 trillion dollars for interest on the debt. But we borrowed the 1 trillion dollars to pay the interest. Insolvency?

3
kal kal
kal kal
1 month ago
Reply to  Nobody

$1 trillion to pay the interest, never reducing the principal that we added $1 trillion to. Thus, in a couple years that interest payment will be 148% of the total GDP, so yes, we are completely broke and insolvent. Right about now would be ripe for our creditors to call in the notes.

1
thexrayboy
thexrayboy
1 month ago

Newsflash! The USA is already bankrupt…in fact we are beyond bankrupt. There is absolutely no way the US can pay the debt it has incurred. The only thing left is collapse. Exactly when and in what fashion that happens is debatable. But it is an inevitability.

1