Michelle Fox – CNBC March 1, 2024
- The nation’s debt now stands at nearly $34.4 trillion, as of Wednesday.
- Since June, the last two $1 trillion jumps occurred in about 100 days.
The debt load of the U.S. is growing at a quicker clip in recent months, increasing about $1 trillion nearly every 100 days.
The nation’s debt permanently crossed over to $34 trillion on Jan. 4, after briefly crossing the mark on Dec. 29, according to data from the U.S. Department of the Treasury. It reached $33 trillion on Sept. 15, 2023, and $32 trillion on June 15, 2023, hitting this accelerated pace. Before that, the $1 trillion move higher from $31 trillion took about eight months.
U.S. debt, which is the amount of money the federal government borrows to cover operating expenses, now stands at nearly $34.4 billion, as of Wednesday. Bank of America investment strategist Michael Hartnett believes the 100-day pattern will remain intact with the move from $34 trillion to $35 trillion.
“Little wonder ‘debt debasement’ trades closing in on all-time highs, i.e. gold $2077/oz, bitcoin $67734,” he wrote in a note Thursday.
Spot gold is currently hovering around $2,084 an ounce, while bitcoin was recently around $61,443. The cryptocurrency in February closed out its best month since 2020, briefly trading above $64,000 on Wednesday before pulling back. Inflows into crypto funds are on course for a “blowout year,” with an annualized inflow of $44.7 billion so far this year, Hartnett noted.
Moody’s Investors Service lowered its ratings outlook on the U.S. government to negative from stable in November due to the rising risks of the country’s fiscal strength.
“In the context of higher interest rates, without effective fiscal policy measures to reduce government spending or increase revenues,” the agency said. “Moody’s expects that the US’ fiscal deficits will remain very large, significantly weakening debt affordability.”
The debt is positioned at that point that the nation can bear, by the parasite, who knows that no debt was ever necessary and the nation could have been using its own money to pay its own bills
The numbers are immaterial. Although it’s worth pointing out that two well respected Amerikan academics published a paper, and they concluded total US debt was over $200,000,000,000 that’s over 200 trillion, and that was 20yrs ago, so today, it’s got to be over $300 trillion. Of course, this astronomical assessment included ‘unfunded spending liabilities’. These liabilities are very real. They are costs the US Nazi regime must fund.
Take US aircraft carrier Kitty Hawk. This was sold for $1 dollar. The reason, because it needed to be towed from the US West coast, via the Cape, and up to Texas for breaking. It’s a sensitive rust bucket, so this costs a fortune, and the company who agreed to do it, won’t make any money on the project, but they hope better deals in the future will make up for their loss. Someone just calculate the scrap value for this ship? All thrown away, and then you have the cost of decrepid failing old US nuclear power stations which are borderline dangerous. Each one will cost a fortune to decommison. Where’s the money coming from? Who’s going to bring home the 90,000 US Nazi personnel stationed abroad, when the economy implodes?
This is why WW3 is inevitable. Ben Wallace former defence numpty says ‘Germany infiltrated by Russian intel’, but forgets that most UK ministers phones were hacked for an unspecified period, or that SAS morons were using their personal ID tracking phones in UKraine, and then got tw@ted by hypersonic weapons…
There’s a very good reason why Russia has leaked these specific German communications, or the UK ministers phone hacking. The reason, they do not reveal what the Russians can really do. All they’ve revealed is lambs tea party stuff. There’s nothing advanced in what the Russians have revealed. Yet, this is almost enough to tear NATO apart, and those German officers who used unsafe methods, they probably did it deliberately, and leads me to think the Germany military are exerting considerable pressure behind the scenes. Shame they didn’t coup when the time was perfect. Maybe they still will coup, and the French?
I wouldn’t trust Bitcoin. If you think silicon is safe, then more fool you. Gold, only 0.01% of gold market is real delivered gold, as in, you actually take the physical gold yourself. The rest of the gold market is a fiction. The reason to buy physical gold, is that it’s an inversion of house prices. Your typical house is worth at best, 30% of its current market value. Gold is worth 70% more than market prices, maybe 200/300% over current prices. The big bust banks are getting into gold, so they want the price held down.
Depending on your personal circumstances, you should hold around £2000 in cash. NOT IN A BANK!
If you haven’t started prepping, you’re an idiot. Maybe a month or two of none perishable foods. Stock items you can barter with. There’s plenty of info on NaziTube about the best items to use as barter.
More debt means your money becomes worthless. I say £2000, because most sheeple will only accept what they understand. So this will get you through the first month, which could be a period when the banks are closed. No ATMs, no card payments, no nothing.
In such a situation, your local supermarkets won’t get any deliveries. Drivers won’t be safe, and insurance companies won’t cover the HGVs.
If you are prepping, don’t tell your neighbours, or your extended family. You are on your own. No one gives a flying feck about you, least of all the Nazi regime, or the Nazi police state.
Keep a very low profile and watch what you say, because you should treat everyone as a dobber.
When America goes so goes Israel.
those Jewish mafias who run the USA destroy the US economy and by extension world economy to enforce that the only option to get out of the blunder is nuclear armageddon between existing world powers.
how else could they rule the planet from Jerusalem while existing powers still stand? manageable world population is also on that evil agenda.
gaza, Ukraine, covid… are only distractions from that goal.
the USA which is deliberately deconstructed and cornered economically, morally, and militarily is going to start nuclear weapons and Russia is going to finish it off. no bunkers will save the filthy rich as you let this happen.
Put a 1 in front and you will be a lot closer to the truth!
If nothing else ..this proves what a charade economics really is, which incidentally is why those on the inside of the usurious fiat money system..just keep printing it up and handing it to themselves.. and pretending it’s all hehe..scientific..
Economics can be explained thus..Supply and Demand.. that’s it.
Now.. a little mental amusement..
Most sedants being illiterate numerically would benefit from this little exercise in the nature of quantity..
..in a form that they could possibly grasp..
For Example:
1 million seconds is 11.44 DAYS
1 billion seconds is 31.68 YEARS
1 trillion seconds is 316.88 CENTURIES
(NB A trillion was actually downgraded from 1 billion billion in the seventies at the start of financialization, probably because even the hollow men couldn’t sustain a con of that scale)…
Yes that’s right..this is the kind of nonsense the imbeciles ignorantly acquiesce to, only financially… and thereby proving the postulate…
chimps are a much much higher life form… because they know they can only eat the bananas they have in their little hands..
Oh..and bear in mind that the confetti being printed up doesn’t just disappear like a toxic microwave meal..no no ..it goes into some coin clippers pocket.. or rather onto his mainframe..
..how do you think they financed 911 and covid and scientisms’ and all the other black ops…
and also don’t forget..you pick up the bill…yes you…of course they don’t want the confetti they have printed back as payment..of course not, it’s fucking worthless because they have inflated it away…
they will instead come for your hard assets..(sounds like it may hurt).. in fact they are already stealthily doing it and will digitize your paper strawman into total immiseration..as a precaution, because the statist apparatus known as goven-ment has pledged you to them as assets in a corporation …..you owe them..
In what passes for their minds.. So phone a friend and tool up..
It doesn’t mean anything. It was never meant to be ‘paid off’. Paid off by who, the government?? The Federal Reserve is the de facto government.The ‘debt’ is illegal since the institution of the Federal Reserve is illegal, for the US Constitution stipulates only Congress can produce the nation’s currency, not a privately owned consortium of Jewish banks. Its simply a convenient pretext to be potentially utilized by ZWOG to enact ‘austerity measures’ on the masses as they did to Greece in 2008.
It took from 1789 to 1982 to get to the first trillion in debt. Then it increased in shorter and shorter time intervals – and it approaching a crisis level blowoff. I have written extensively on the scenario which I think will stop it – rising interest rates and credit rating downgrading.
BRICS is rapidly growing – nation states want out of the dollar system. Bitcoin is popular. All signs are the world is trying to insulate and abandon the dollar debt system. This will culminate in either dollar hyperinflation or Treasury debt crash or both.
Eventually zero interest rates will change to high rates – just the recent rise of short rates to 5% has stalled the housing market and cause the interest on the national debt to exceed a trillion a year. That is the new trend. Any attempt to hyperinflate will only make rates surge higher.
So a market crash will be followed by riots etc etc.
Then you get war….it was ten years between the crash of 1929 and war in 1939.
It might be quicker this time….and jews will be piling into America between times….including jews living in Israel.
So ask yourself this: how can there be debt, when there there IS NO MONEY(by legal definition)? How can you pay debt with debt? -OBVIOUSLY YOU CANNOT.
It is all BULLSHIT, you have the credit, they have the debt.
Fuck people WAKE THE HELL UP.
To be consistent with all other deliberately-manufactured perils to level everyone into their New World Order control grids (as opined 100 times before over the past 4 years), the debt-rigging of our nations is as controlled and planned as the global warming fraud.
The international baking cartel wants a replacement to the US Ponzi dollar as the leading world currency, mainly in order to facilitate their plans for their top-down hegemonic controls over global finances, resources, production, consumption, and trade, and over us.
They can deem the cash we are holding in our bank accounts to be worth nothing and crash the economy into chaos which they certainly will not do. They want their cake and to be able to eat it as well. Even in Covid all of the insiders and the huge multinationals were protected with fiat (credit) made out of nothing, far more so than and all of the little fish many of which went belly up.
Every crisis such as the 2007-2008 Subprime mortgage crisis was planned and controlled after the 1999 gutting of the US Glass Steagall Act. The US is the leader financial nation. That crisis was totally predicted based on the planned weakening of collateral to secure the loans. It gave the excuse not just to save a number of the commercial banks with the QE but also to allow most of the crooks to get off Scott free. In 2019 the same sort of thing – a threated liquidity crisis timed right before the planned pandemic to begin to open the flood gates for unlimited QE and the largest wealth transfers to the Few in human history, (“Quantum Easement” with hundreds of billions and then trillions in the US alone to be made out of nothing).
The actual steps to usher in the full measure of UN Agenda 21 (the 1992 plans of the international banking cartel, the major oligarchs, and the major multinationals which control our governments) began well before 1992 with things like: the Population Bomb scare of the 1960’s; the 1974 Kissinger Report; the fake global warming scam beginning in the 1970’s; open trade with China beginning in 1979; the systematic debt-rigging of our nations since then; the coordinated planning of the surveillance state in Western nations out of the US in the 1990’s based on orchestrated terrorist perils; then 9/11; etc; etc.
It is all coming from the same source which is on a lockstep timetable because there is a shelf life to each of their schemes when people actually start to examine the contents of the stuff they have been sold. That is why they are now so anxious to censor and shut down free speech. They can’t control the results of their plandemic and are now into a credibility crisis. The more they lie and supress the truth the more their facade is undermined. Their failsafe to usher in their NWO controls is not another plandemic, at least not at this time. Nor is it the treat of a WWIII, or limiting food supplies. It is rather a controlled currency crash but one in which their faithful corporations and the wealthy will be protected.
The pattern of banskters usurpations has always been the same. It is to use their credit and power to destabilize a banking system, or even to destabilize the economy of an entire nation, where they then come forward with the solution of their centralized controls. That is how they took over the US banking system and most industries in the decades following the Civil War. That is how the Rothschild-Rockefeller agent provocateur, George Soros, destabilized so many nations for their takeovers. That is how they took over the Ukraine even before the coup in 2014. That is how they engineered the entire UN Agenda-WEF-NWO takeovers. They manufacture crisis after crisis so they can “sell” (i.e. impose on us through all of our phoney puppet governments) all of their solutions to make us “safe”, just like with the Covid vaccines. The pattern is all the same and they have no real opposition.
Are they going to crash the dollar and all other currencies pegged on it except perhaps the Russian Ruble or the Singapore dollar? No, not completely, as too much of the global business infrastructure and contracts are based on the dollar. They want to transition it to something more stable and internationally fluid as with CBDC’s which are being pushed. However, it may also be the case that they are planning a liquidity freeze this year where more commercial banks will fail, and us low life will suffer the same consequences as the Greeks who in 2015 got only 40% of their Euros. However, the currencies held outside of the banks marked for the freezes may hold their value. Then with that crisis and QE perhaps being turned on again to some extent, we will be sold the “necessity” of the central-bank-controlled CBDC’s (Central Bank Digital Currency) replacing our “unstable” currencies, and with most of the local commercial banks having to close their doors. Hope I am wrong, but that seems to be what is taking shape.
Meanwhile, what many of the rich (e.g., BlackRock) and others are doing is what Michael Saylor said to do back in 2020. They are getting into the crypto “lifeboats” with Bitcoin being the largest and the one with the least holes in it, although it could be quickly skuttled by the super rich who recently have
come onboard. They could quickly get out and jump onto the CBDC ship, while the Bitcoin holders sank to the deep. Hope I am wrong again.
@ FG
the filthy rich dont need bunkers . they enjoy
tropical sun on pacific islands with mountains
against tsunamis while we are in Dar al Harb .
Thinking outside of the box of insiders, any single BRICS currency, and even a new one, has a long way to go to overcome the US dollar as the leading world reserve currency, and doing things too suddenly to conform to some globalist timetable built on more pretexts and psyops could cause a lot of chaos and bring everything crashing down ending up in a great deal of mistrust, isolationism and privation.
The US is still the leader nation for the West, the moguls of which claim to “own” over 87% of the assets of the world. Money continues to be made out of nothing and largely to pay off interest. The principal on the debt will never be paid off and never was intended to be. It is there only as a right to seize assets in case of default, and that in itself is a huge power which no government ought to have given away. Any money you deposit in the bank can be loaned out multiple times by the bank to other parties. That is the basis of the fractional-reserve system. It makes for the economy to function.
As for the alleged trillions owed, I understand that this is the way it works: The US government Treasury raises cash to pay for most things by transferring Treasures (which are bonds) to the privately owned central bank (the US Fed) which makes all of the money out of nothing. This gives the banksters great powers in running any nation from the top down. They never expect to realize on the principal in the trillions they have allegedly “loaned out” but they do expect some interest. They do not like zero interest rates. Hence, whenever the economy does not have to be stimulated with low interest rates and the printing of gobs of cash, they expect and generally want the bond-yield rates to rise. With the US economy kicking back since Covid they simply want more juice, as does anyone holding US Treasuries.
As for public and private debt, inflation helps to wash it away, and most debtors want just enough inflation to pay off earlier loans with the later inflated dollars. The widest distribution and use of the dollar helps greatly to maintain its value. The real problem is that the international financial and corporate moguls have gone globalist. They envision a greatly expanding world economy which they want largely to control according to their designs. This is not a problem for them but rather for us, because the free trade they envision will require balancing our national trade deficits and a leveling of the living standards we have been accustomed to in the West with the standards of other major producing nations. With trade plans through Asia to and from the EU and Africa, they see a waning of US influence and of that business empire. This will make a huge difference to the US power to make trillions out of nothing and retaining the demand for the dollar as the leading world reserve currency, which is also used also to support the largest military in the world and all of the payoffs around the world to keep the supply lines going.
This in part explains the conflict between the globalists and the more nationalistic interests of the common people of the West who cannot compete as well in the production of trade goods. The natural trend in development is with developing nations and resource-rich nations waking up and wanting to own and control their own resources, and to produce surpluses to undersell anything we can produce. The view to protecting our markets with tariffs is not a popular one with the Western globalist moguls, and their major multinational corporations, because they have gone “internationalist” and are always expansionist in their competitive outlooks. The 1992 UN Agenda 21 is their baby. They appear to want to manage everything on the planet from the top down, even by putting most of the land and resources of the world they do not already own in a global trust where the access for them and their corporations will be protected. The protection will likely by some international force in place of the American one with the planed replacement of the US dollar as the leading reserve currency.
As our central banks are privately owned, we can also expect to see a privately-owned globalist Fed into which the existing central banks will be morphed. This very likely is one of the reasons why the Western moguls have developed Chinese communism in the way they have. They likely will prefer “private” billionaires to be the major “stakeholders” in a world Fed fractional-reserve lending system. Globalism is actually a way of expanding the club of oligarchs and elite billionaires, with little in the way of any checks and balances for the common people, and especially in the West.
Whatever crisis they are planning this year to usher us into their globalist controls, with the demographic mess the same global elites have created in the West, and in other places such as Singapore, Russia and China, all of our economics are bound to falter with the death of demand. It is not that we produce people in order to serve the economy. Rather, we produce an economy to serve people which will show up for the future. It all starts with families and children. Kill your own children and their numbers as we have been doing, then we either kill the economy and disappear, or die in cultural chaos.
we must do what Adolf Hitler did
in the great depression when people were being starved by the bankers
Hitler put the rothschilds in prison seized their assets and shared it all out with the people
bringing prosperity jobs security and joy
but we then came and destroyed it for mt rothschild and his mates
Randolph: grow up. Debt is a promise to pay. Many businesses and sheeple take out more debt to pay outstanding debts. Nazi regimes and even banks, roll over their debts. Remortgageing is rolling over your debt.
Money is just a mechanism to transfer wealth or value.
Debt is an asset, provided the debtor pays, or you sell that debt to someone else.
Most banks hold so much bad debts, that if tested in the markets, these banks would be bust. Just as the real value of properties is way less than what you paid.
It is mainly technology that makes us richer all the time, but we never slough off the parasite: dogs have fleas and people have Jews, and some Gentile bankers, maybe