shinnosuke wrote:I've been watching the numbers here https://www.usdebtclock.org grow for years, always thinking, It can't go on much longer. Yet here we are, all of us getting old and cranky. LOL!
Apparently, the US government will pay $945 billion in interest this year, 2024. Somebody is getting rich, but it shore ain't me. I'm thinking that someone else is going to be left holding US bonds when the music stops and find there aren't enough chairs.
Patience, y'all. It's going to be a fantastic implosion.
shinnosuke wrote:I've been watching the numbers here https://www.usdebtclock.org grow for years, always thinking, It can't go on much longer. Yet here we are, all of us getting old and cranky. LOL!
Apparently, the US government will pay $945 billion in interest this year, 2024. Somebody is getting rich, but it shore ain't me. I'm thinking that someone else is going to be left holding US bonds when the music stops and find there aren't enough chairs.
Patience, y'all. It's going to be a fantastic implosion.
JerrySpringer wrote:shinnosuke wrote:I've been watching the numbers here https://www.usdebtclock.org grow for years, always thinking, It can't go on much longer. Yet here we are, all of us getting old and cranky. LOL!
Apparently, the US government will pay $945 billion in interest this year, 2024. Somebody is getting rich, but it shore ain't me. I'm thinking that someone else is going to be left holding US bonds when the music stops and find there aren't enough chairs.
Patience, y'all. It's going to be a fantastic implosion.
The only solace is that the majority of the debt is owed to ourselves. Found this:
https://www.pgpf.org/blog/2023/05/the-f ... -that-debt
The info is a year old but the key take home is the Federal Reserve holds a good chunk of the debt. Wonder if they could agree to getting paid back just the principal and forego interest payments right now
pmbug wrote:Japan is currently the largest foreign holder and they are being forced to sell to defend the Yen right now.
68Camaro wrote:shinnosuke wrote:I've been watching the numbers here https://www.usdebtclock.org grow for years, always thinking, It can't go on much longer. Yet here we are, all of us getting old and cranky. LOL!
Apparently, the US government will pay $945 billion in interest this year, 2024. Somebody is getting rich, but it shore ain't me. I'm thinking that someone else is going to be left holding US bonds when the music stops and find there aren't enough chairs.
Patience, y'all. It's going to be a fantastic implosion.
10-12 years ago my mistake on this was similar to my failure to realize there is an actual deep state in US politics. There is an actual deep state in finance (and it could overlap the political deep state) that is willing to go to desperate lengths to keep the status quo alive. So you're right, it will continue until they can't figure out a way to sustain (or a large enough subset of them decide to bail first and save themselves), and then we will see an implosion like never before. It could blow this year, or 10 years from now, and we could even have a long slide into ruin before the final event.
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