(Above: The feeble Joe Biden will be remembered, unjustly, as the man who broke the Dollar, Washington’s solvability, and the ‘Fiat’ System.)
HenryMakow.com – Nov 3, 2024
The US Government will pay $1.2 Trillion in interest on the debt in 2024. Double of what they paid in 2023. And it keeps escalating, as they continue to roll over debt for higher interest rates and must borrow $2,5 Trillion per year to keep up this deficit spending. If their financing needs next year are $5 Trillion, they will be paying $1,5 Trillion next year, almost a third of Government income. It’s hard to see how they will finance WW3.
Latest! Migchels Predicted a Trump Comeback Six Mos Ago
The US Government’s Finances Are Now In An Acute Crisis
by Anthony Migchels — (abridged by henrymakow.com)
America’s finances are now critical. The raw numbers speak for themselves, and cannot continue. It is very easy to predict that strong measures will soon be announced, but these will come with severe consequences, both domestic and geopolitical.
Of course many will say ‘we’ve been saying that for decades now’, but once we show the numbers, everything will become clear. There will be no more kicking the can down the road. Especially, since the now imminent deflationary disaster in ‘the markets’ will force the hand of all players involved on several levels.
Trump will be wheeled in again soon now, and he will also have Congress on his side, if things go as can be expected at the moment, providing him with the leeway to do something drastic. The first one hundred days of a presidency are typically used for settling the main matters, as the momentum is then still strong and the administration is in the honeymoon phase. It’s hard to see how this would not coincide with the Crash we have been expecting since Powell started raising rates, and which we called as the Fed popping the Debt Bubble, a prediction we are quite confident will be proven correct not long from now.
Whatever happens the elites chose class war so we’ll have to fight them sooner or later so it may as well be now while we’re more fed, fit and able. Those who are okay cleaning a rich man’s car or mowing his lawn for an easier life forget they tried killing off billions of us just a few years ago. They don’t realise if they survive to become serfs who own nothing, some rich people will want us fighting each other just for a chance to clean a car or mow a lawn just so we can eat today. That’ll be the times we move into.
It will be the Hunger Games just a bit more subtle, more personal for them, telling each other at the club who they put against who, for what payment and what injuries they gave each other. A Roman bloodlust.
As goes the US… so goes the UK.
In fact I’d go so far as to say, for instance, that UK Pensioners will look back at the time their ‘Winter Fuel Allowance’ was abrogated as ‘The Good Ol’ Days’…
since, in the not too distant future, every last penny of their pensions will also be purloined to prop up The Plutocracy.
As I’ve explained before, the Federal Reserve system & its ‘debt’ are illegal & null & void since they’re unconstitutional. The Constitution stipulates that only ‘Congress’ (i.e, the Treasury) has the right to issue the nation’s money supply, not a privately owned Semitic central bank: the Federal Reserve. So its all a Jew scam/illusion to intimidate & coerce the population into perpetual slavery.
The US government (there is no American government) and especially the Zionist bankers don’t care what the (UN-payable) debt is. They will keep providing the ZOG with all the monopoly money it asks for so long as the funds are used for the Zionists best wishes.
The crisis has only started – Amerika is a banana republic and interest rates are still only single digit.
Back in 1979-80, treasury rates were near 20% and he national debt had not even reached 1 trillion.
As BRICS marches on and the USA continues to falter as world hegemon, soon the world will be selling US bonds, rates will continue to drift higher as mass psychology turns against USA.
the annual deficit is not going down either, Trump is one of the biggest deficit spenders in history, the national debt is increasing a trillion every 90 days
whopping ass crisis directly ahead
No one ever says who they owe this money to. Who is it? If I were to guess, they owe it to the jews that own every business in america. If that’s the case they’re rotting from the inside out. For britain, all the money flows to the american jews (who own all the water companies, the power companies, the banks, the food supply, the distribution system, and everything else the scum that control britain can sell them). So for britain, it’s rotting from the outside in. Then again, given the people that reside in britain, it’s actually rotting both ways. All things considered, I’d rather be in america, where you can at least walk in a forest and sit on a beach. You could also use all those guns to kill the fuckers. In britain, they’re so craven that the mere mention of fighting back makes them wet themselves.
https://www.youtube.com/watch?v=IUJMyTJ9gyI
WATCH: Niall Ferguson Stuns World Leaders at ARC Australia – “Are we the Soviets now?”
American system of trying to get rich and powerful has become very fat and very much in debt.
Can’t blame BRICS countries for wanting to get out…
does anyone know if anthony migchels is a mackerel snapper? thus supporting nicos theory that all these alternative media people are either yids or catholics.
dan
the whites in england are somewhat better than the average white in usa (not just racially but more racist) i.e., you recently had the saxon rioting over the killing of 3 white girls by some wog beast–in the usa the whites would never do that–most are ni88er lovers
The US Government will pay $1.2 Trillion in interest on the debt in 2024….The historic rule of thumb is that a State will disintegrate when interest payments reach 25% of the Government’s income.” …. How’s that private Federal Reserve “central banking” system working out for you? If the Cuntgress and federal government, which completely lost legitimacy a long time ago, just issued the country’s currency, as dictated by the Constitution (aka The Law), we wouldn’t be in this mess because there would be any “interest” to be paid to predatory loan sharks.
The solution is actually simple; tell the Jew bankers to go f*ck themselves, announce that not one cent of interest will be paid again, and declare the central bank illegal and declare it what it is – an enemy of the people. The first Jew banker to complain should have his tongue ripped out and stuffed up his ass, then get hanged with his pants around his ankles. The racketeers will then, of course, tank the markets, at which point open season on them should be declared and their names and addresses publicly broadcast. Then the military should make themselves useful for f*cking once and send cruise missiles screaming into every Rothschild residence around the globe.
If they could not pay it back, they would not be lent more, but the bankers find the balance where a nation stays on the tread-mill
It stands between two peoples. The people of Jacob and the people of Esau. One of them has to go. There is no other way. We can’t go on kicking them out. They will always come back. So we should have Jacob and Ishmael mutually annihilate each other. Problem solved.