Complete Disaster as US Tries to Sell Its Debt

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The US government is having more and more trouble selling debt to raise money to cover its deficit spending. Nations that rely on credit and overspend can’t survive.

The United States is in serious economic trouble. Our enemies will no longer buy our debt, and DC won’t stop spending. In fact, nations are selling our debt. They don’t want to buy. We’re becoming a junk bond nation.

Our debt is rapidly running out of control. The US government is trying to borrow so much money that the market cannot buy all of it.

WELCOME TO BIDENOMICS

Our debt is rapidly running out of control. The US government is trying to borrow so much money that the market cannot buy all of it.

The US borrowed $1.5 trillion in additional money in the past four months, and will have to buy another $1.5 trillion in the next six months. The debt is growing much faster than our economy, and this is unsustainable.

The US dollar is going to look like Venezuelan currency.

US household debt rose to $17.3 trillion. That is up $200 billion in the last quarter, bringing the average household debt to $132,500.

Most young people can’t pay for a mortgage or their credit cards, and college loans.

Auto loans are failing and 1.5 million cars are at risk of being repossessed.

By the way, banks are still failing here and there.


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Francis W. Porretto
Francis W. Porretto
1 year ago

It will get worse. We’re in the penultimate stage of a runaway positive-feedback cycle. Quite soon the only purchaser left will be the Federal Reserve Bank. When that point arrives, every dollar of federal borrowing will be a dollar newly created by the FED — and then we can kiss the (remaining) value of the dollar goodbye.

Buy gold and silver, if you still can.

Papa
Papa
1 year ago

The National Debt Clock

You can also check out your state.

https://www.usdebtclock.org/

The Prisoner
The Prisoner
1 year ago

McCarthy had lots to do with that recent no debt limit bill. MTG and lots of others signed on to it, a far leftist bill.

In the last 3 years, the USA has added about 70% of the money supply which has ever been added. ECON 101 calls that the primary cause of inflation.

There will be no discussion of this in any debates.

But MTG like censoring Tlaib, so she is a hero to the gullible people.

Last edited 1 year ago by The Prisoner