Although President Trump dodged a bullet earlier this month, his life is still very much on danger.
You have the feel for the FBI not willing to say President Trump took a bullet through the ear (with photos every showing the bullet that went through his ear).
The slime ball was hesitant to admit it and was bullet , but a "fragment", a though a motor round went off and sent a fragment that pierced his ear.
You have the feel for the FBI not willing to say President Trump took a bullet through the ear (with photos every showing the bullet that went through his ear).
The slime ball was hesitant to admit it and was bullet , but a "fragment", a though a motor round went off and sent a fragment that pierced his ear.
US Debt to GPD Is Out Of Wack
The US Debt to GPD is 122%, the highest is has EVER BEEN….and is continuing to rise.
In 2023 it tied the high of 119% that occurred right after World War II, but slowly went down to a low of 31% (in 1981 with President Reagan's Tax Cuts).
This ratio is important because investors worry about default when it's greater than 77%. That's the tipping point, according to the World Bank.
The debt-to-GDP ratio is useful for investors, leaders, and economists. It allows them to gauge a country's ability to pay off its debt.
A ratio of 100% indicates just enough output to pay debts, while a lower ratio means enough economic output to make debt payments.
A high ratio of OVER 100% means that a country isn't producing enough to pay off its debt.
Note: It is now 119%, which is 45% HIGHER than the 77% investors are concerned about.
In 2023 it tied the high of 119% that occurred right after World War II, but slowly went down to a low of 31% (in 1981 with President Reagan's Tax Cuts).
This ratio is important because investors worry about default when it's greater than 77%. That's the tipping point, according to the World Bank.
The debt-to-GDP ratio is useful for investors, leaders, and economists. It allows them to gauge a country's ability to pay off its debt.
A ratio of 100% indicates just enough output to pay debts, while a lower ratio means enough economic output to make debt payments.
A high ratio of OVER 100% means that a country isn't producing enough to pay off its debt.
Note: It is now 119%, which is 45% HIGHER than the 77% investors are concerned about.
Then You Have The US Debt
Congress Spending Out Of Control
THE U.S. CONGRESS IS OVERSPENDING TO THE POINT OF BURYING THE U.S. IN DEBT!
As of Sept, 2024, the US DEBT IS OVER $35 TRILLION (SOURCE) AND RISING!
That means that EVERY U.S. CITIZEN OWES:
As of Sept, 2024, the US DEBT IS OVER $35 TRILLION (SOURCE) AND RISING!
That means that EVERY U.S. CITIZEN OWES:
$103,831
A History of Congress's Wild
Spending Habits Since 2015
2015 - $18.1 Trillion
2016 - $18.9 Trillion
2017 - $20.0 Trillion
2018 - $20.5 Trillion
2019 - $22.0 Trillion
2020 - $23.2 Trillion
2021 - $27.7 Trillion
2022 - $29.6 Trillion
2023 - $34.0 Trillion
2024 - $35.0 Trillion
Now The Bad News
With the cost to service that debt, (not paying it down) having been reached - and surpassed - the $1 Trillion dollar mark, the spending is NOT SLOWING DOWN, but is accelerating!
At current rate of spending, the U.S. national debt will grow by an astounding rate of about $1 trillion every 100 days, equal to roughly $3.6 trillion per year.
At current rate of spending, the U.S. national debt will grow by an astounding rate of about $1 trillion every 100 days, equal to roughly $3.6 trillion per year.
What Will Happen?
In 2024, the government is paying MORE ($1.1 Trillion - Source ) in INTEREST PAYMENTS than for:
Discretionary - $948 Billion
Medicare - $858 Billion
Defense Discretionary- $849 Billion
Medicaid- $755 Billion
Other Mandatory- $707 Billion
Income Security- $374 Billion
Only Social Security ($1.452 Trillion) gets more, but if this wild spending is not curtailed, it will not be but a few years before the interest payment will outstrip even social security.
Discretionary - $948 Billion
Medicare - $858 Billion
Defense Discretionary- $849 Billion
Medicaid- $755 Billion
Other Mandatory- $707 Billion
Income Security- $374 Billion
Only Social Security ($1.452 Trillion) gets more, but if this wild spending is not curtailed, it will not be but a few years before the interest payment will outstrip even social security.
The above chart is 2 years old and DOES NOT reflect the INCREASED spending of the US Government, but still shows that the US Debt Interest payments will exceed all other spending, just not as fast as expected.
What That Means
It Means That Congress Has Buried THE United States of American (and the citizens) Deep In Debt
In fact The US is so deep in debt they may NEVER be able to pay that debt off.
(NOTE: They ARE NOT PAYING THAT DEPT DOWN, they are only paying the interest (called servicing the debt).
We DO NOT need China, Russia or Brazil, and others who are attempting to devalue or harm the U.S. Economy and U.S. Dollar.
In fact The US is so deep in debt they may NEVER be able to pay that debt off.
(NOTE: They ARE NOT PAYING THAT DEPT DOWN, they are only paying the interest (called servicing the debt).
We DO NOT need China, Russia or Brazil, and others who are attempting to devalue or harm the U.S. Economy and U.S. Dollar.
CONGRESS IS DOING THAT FOR THEM!
Now For The
REALLY BAD NEWS
The U.S. Dollar is FIAT money (FIAT MONEY SYTEM DEFINED) AND ONLY HAS VALUE IF ITS CITIZENS BELIEVE IT HAS VALUE.
HOW MUCH VALUE DOES WILL THE THE DOLLAR HAVE WHEN IT'S CITIZENS REALIZE IT HAS NO VALUE BECAUSE OF THE MASSIVE DEBT WE ARE CARRYING?
And that WILL HAPPEN when the U.S. Government can no longer service that debt AND Fully PAY its other obligations?
Obligations Like: Medicare, Defense Discretionary, Medicaid, Other Mandatory, and Income Security?
Think Hyper Inflation. I cannot see into the future to predict how much value the dollar will lose, but it will affect EVERYONE, especially those on Fixed incomes or those with Paper IRAs.
HOW MUCH VALUE DOES WILL THE THE DOLLAR HAVE WHEN IT'S CITIZENS REALIZE IT HAS NO VALUE BECAUSE OF THE MASSIVE DEBT WE ARE CARRYING?
And that WILL HAPPEN when the U.S. Government can no longer service that debt AND Fully PAY its other obligations?
Obligations Like: Medicare, Defense Discretionary, Medicaid, Other Mandatory, and Income Security?
Think Hyper Inflation. I cannot see into the future to predict how much value the dollar will lose, but it will affect EVERYONE, especially those on Fixed incomes or those with Paper IRAs.
CENTRAL BANKS WENT ON A BUYING SPREE SINCE 2010.
As the Dutch central bank notes, “A bar of gold always keeps its value. Crisis or not." (Source)
Russia and China lead the nations that have bought gold (Source) .
Today, Gold and & Silver prices are the highest they have every been. (CHART)
Why?
Gold & Silver HAVE INTRINSIC VALUE, and their value is rising. That is the REASON why nations and millionaires are gobbling up Gold.
Is it time to consider doing the same?
As the Dutch central bank notes, “A bar of gold always keeps its value. Crisis or not." (Source)
Russia and China lead the nations that have bought gold (Source) .
Today, Gold and & Silver prices are the highest they have every been. (CHART)
Why?
Gold & Silver HAVE INTRINSIC VALUE, and their value is rising. That is the REASON why nations and millionaires are gobbling up Gold.
Is it time to consider doing the same?
Note From The Author Of This Website: My research on the National Debt has been a real eye opener. There are those individuals who claim that the cost of the national debt is low and is NOT a threat to the US Economy or Dollar. I cannot possible see how the is true. The debt is increasing at such a pace that in another 10 years the interest payment could consume 75% of taxable income. Beyond Scary.
