This is interesting:
— The Kobeissi Letter (@KobeissiLetter) June 8, 2024
A record $9.3 TRILLION US Federal debt will mature and must be refinanced at much higher rates over the next 12 months.
This is up by a massive $4.7 trillion or 102% in just 4 years.
This comes as the US Treasury switches to issuing shorter-dated maturity… pic.twitter.com/HxfufJYXIc
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No one is going to fund it because it will collapse soon under it’s own of corruption and theft, and the idiots in charge will have no choice but to cancel all debt for every American (Force Majure) due to this reason. If the people don’t demand the federal reserve be immediately shut down and the elite bankers who sit on that private run communist board be imprisoned for fraud than nothing will change, and they will try there new Ponzi scheme, the digital dollar which won’t work either. We must return all currency back to the U.S. Mint and make it so they are the only ones allowed to mint coin from Gold and Silver, this will return sanity in the banking system like the way it used to be prior to the central banking system. The P.O.S. President Wilson in 1913 is the culprit who created this mess because he was duped and played by the Euro Communist Bankers to pass the law for a central banking system. may he rot in hades for what he has done.
100% this. Default on the debt is a given. What else could they possibly do? There isn’t a chance of raising enough tax revenue over even a decade to pay off a portion of the debt the FUSA is now carrying. It is mathematically impossible.
Default is not without consequences, of course. And we will suffer them greatly.
Yup, default is there only way out of the mess the communist bastard satanists created and there will be dire consequences for the entire nation. Purchase guns, ammo, gold/silver and food and store it up while you still can. This will be the only way you and your family will survive.
I take that as “who is going to buy this debt?”
Since they’re only selling it for dollars, and they *print* dollars, no problem. For a sovereign nation printing fiat currency, paying your debts is trivial. Getting someone to accept your currency for any *other* purpose is the hard part.
If you have US dollars, best buy something with them while you still can… something not tied to the dollar.
What cannot continue won’t. The debt is no exception to this rule.