ECON National Debt tops $40 Trillion

I do not fear any financial collapse.
Our country can still keep things going with massive infusions of "new" cash. This would work best if done out of the public view though it will still work if done out in the open.
At some point everything will fall but I do not think we are there yet. This game still has many steps left to take.
In the mean time everyone should buy a couple extra boxes of mac'n-cheese to have on-hand.
 
It's been happening for a long time.

We joke about governor U-HAUL Newsom because of unaffordability in Blue Cities and Blue States as they grift off their unsustainable Socialist programs.

They purposefully allow chaos as a mass distraction as they get away and accumulate more wealth for themselves.

They're slowly depleting the affordability oxygen in parts of the country to the point of it taking all your resources to hold on to a certain standard of living until it's fully unsustainable.

The middle-class will continue to move, downsize or lean on others decending downward.

At some point you'll own nothing and realize you should've moved with what left you had to another country with a better cost of living, less taxes and Socialism and Communism.
 
Last edited:
Knoxville's Joker said:
Supposedly the banks are sitting on a bunch of defaulted loans that they are refusing to dump for the loss of money and revenue. They are recognizing the fact that no one has any money and if they set anything on the market now the price will keep going down as will their cut of the loan transactions.
Click to expand...
You know things are getting bad when the ads for cars return to no payments for x months and 0.0% interest for x years.

Just saw one this weekend
 
20Gauge said:
You know things are getting bad when the ads for cars return to no payments for x months and 0.0% interest for x years.

Just saw one this weekend
Click to expand...

And don’t you love it when the ads from the majors tout ‘employee pricing’ in their commercials? And the fine print on the commercial (which you have to pause to read) is that the price or payment given is what Ford or GMC can buy/lease the vehicle for and not what you can get if tor walking off the street.

Why should I care what their employees can buy it for? Is that why they are in business…..to sell to their workers? I loath deceptive advertising almost as much as I despise the ads of all the ambulance chasing lawyers on tv.
 
20Gauge said:
You know things are getting bad when the ads for cars return to no payments for x months and 0.0% interest for x years.

Just saw one this weekend
Click to expand...
I was hoping to snag a deal like that, when I bought my new truck a few weeks ago. But Honda wasn't running that low of a deal.

I LOVE using OPM (other Peoples Money), for purchases.

I ended up with a 1.9% for 3 year deal. Almost paid cash, but it made more sense to take the financing, and keep my money invested, as I'm making between 4% - 5% on it now. Throwing available cash into a depreciating asset didn't make sense now.

Hfcomms said:
And don’t you love it when the ads from the majors tout ‘employee pricing’ in their commercials? And the fine print on the commercial (which you have to pause to read) is that the price or payment given is what Ford or GMC can buy/lease the vehicle for and not what you can get if tor walking off the street.
Click to expand...
If you know how to negotiate, you can usually do better than that.
 
Hognutz said:
TOMORROW WILL BE THE WORST DAY OF 2026 FOR MARKETS!!

You MUST read this before August 24.

Japan is dumping $5.5 TRILLION in U.S. Treasuries.

China is dumping $650 BILLION in U.S. Treasuries.

The U.S. just admitted the economy is collapsing and DOUBLED buybacks to cover the damage.
Click to expand...

Hognutz said:
Pay attention.

Most people won't understand why markets are collapsing until it's already happening.

I’ve studied markets for over 12 years and called nearly every major top and bottom.

If you want to survive the 2026 cycle, follow and turn notifications on.

I warned you before.

And I'll warn you again soon.

A lot of people will wish they paid attention earlier.
Click to expand...
Well... these Predictions didn't age well from YESTERDAY, did they??

1787603038768.png

Nor, did that one... LOL.... :hof: :hof:

1787603093667.png

LOL.. "Worse Day".... :shkr::lol::lkick:

Oh My.....
 
https://twitter.com/x/status/2092358978344780014
View: https://x.com/michellemakori/status/2092358978344780014?s=61



President Trump just reposted a pretty extraordinary warning from @JamesGRickards on Truth Social.

Rickards says gold could hit $10,000 before the end of 2026, and even $20,000 is “not out of the question.”

He says he has more than $1 million of his own money in physical gold, is still buying, and believes gold is already pricing in the instability he sees coming.

Rickards warns that the run-up to the November midterms could bring an extraordinary convergence of political and financial turmoil: criminal prosecutions of powerful political figures, escalating clashes between the federal government and sanctuary states over immigration enforcement, civil unrest, geopolitical conflict and a potential constitutional showdown over presidential power.

And all of that is colliding with an already vulnerable financial backdrop.

When Rickards recorded the presentation in June, he pointed to $39 trillion in U.S. national debt, pressure on the dollar, record consumer debt and highly valued stock markets.

The national debt has since crossed $40 trillion.

Rickards’ gold thesis ultimately comes down to confidence. He argues that when confidence in government, currencies and the financial system begins to crack, money moves to gold.

And he thinks the potentially bigger opportunity is gold miners, where higher gold prices can translate into dramatically higher margins.

But the most interesting part of all of this is that President Trump chose to share it on Truth Social and amplify this message….
 
$220 BILLION OF YOUR MONEY NEVER TOUCHED A CLASSROOM.

Rep. Harriet Hageman just walked the entire Department of Education pipeline on camera.

~$280 billion annual budget.

Less than 25% ever reaches students.

The rest flows to bureaucracy… then consultants… who donate right back to Democrats… then more consultants… then NGOs.

She said it without blinking:
“It is money laundering and money churning at its absolute best.”

This is the Federal Department of Indoctrination — a permanent Democrat slush fund dressed up as education.

That’s why they lose their minds the second DOGE or Trump starts going agency by agency. They’re not protecting kids. They’re protecting the pipeline.

Abolish the whole thing. Send the money and the power back to the states, the parents, and the teachers who actually stand in front of children.

Now apply this same DNC money laundering strategy to every agency, every blue city and state to grift and hold power. Then when Democrats get back into power they run the US National Deficit up over $2tln a year to pay for their power, grift and influence over everything they touched and force the Federal Government to bail them out in multi-trillion dollar OMNIBUS bills no one is allowed to read until they're passed funding all their organizations and NGOs magically allowing them to hold power and influence. Then people are suddenly scratching their heads with the MSM starting to sing about US National Debt being $40 trillion when non-democrats are in power but said nothing while Democrats ran up the spending $8-10tln every 4 years they held power.

It seems every agency in our government is ripping us off, NGO’s are ripping us off, big pharma is ripping us off, medical industry is ripping us off, and members of congress are ripping us off. People are getting fed up!

He is showing The Great American Robbery. The Democrats thieves have been found out!
Throw in some RINOs they must be involved! Politicians are multi millionaires this is there set up for years.
This sounds like kill the messenger, They always turn what's against them turn it back on someone else. So the sheep have something to chew on keeping them from THINKING about the truth .

Every time the Govt spends your money - some/most of it gets stolen. EVERY SINGLE TIME.
The only solution is to force them to do less spend less.

It's one big criminal enterprise. Waste, Fraud, Abuse.

Democrats are fraudsters! All they care about is grift and control.

Can we really trust a Democrat led state to do the right thing? I personally wouldn't even raise children in a blue state in today's America.

Elon said there was in excess of $4.7 trillion dollars that flows into this money laundering scheme unaccounted for annually.
Clean up this Fraud, Waste and Abuse and you could balance the budget and pay down the US National Debt.
But Democrats and a some installed RINOs are not going to do it because this is how they pay each other off while they take turns running the country into the ground.

RT 1min
https://twitter.com/x/status/2094235310385467407
View: https://fxtwitter.com/Debbie1jm9Debra/status/2094235310385467407

Sitting down?

Teachers Union Political Donations:

2016
DEM 93.66%
GOP 6.25%

2018
DEM 96.35%
GOP 2.87%

2020
DEM 97.26%
GOP 2.13%

2022
DEM 99.46%
GOP 0.39%

2024
DEM 98.46%
GOP 0.83%

The education system is captured.

A Dem propaganda and money laundering op.

Don't flinch, it's the same way in the MSM where you get your most trusted political news from.

https://twitter.com/x/status/2094399481680740477
View: https://fxtwitter.com/C_3C_3/status/2094399481680740477
 
Last edited:
Henry, as you established this thread, I appeal to you directly in that I feel safe assuming you don’t mind casual (religious) history being referenced herein ?

“Be not thou one of them that strike hands, or of them that are sureties for debts.”
Proverbs 22:26

Organic citizens of the several states, known as “white” or “state” citizens, are not considered as surety for debts incurred by the US corporation, though they may be on the horn for legitimate war debts incurred by the original (now barely existent) congress…..

US citizens, however, as per the 14th and other criteria, are debt slaves to whatever whims of madness that the current flamboyant “congress” may therein indulge themselves.

Outlaw inhabitants who choose to return to or remain in the State of Nature are not liable at all.

The jurisdiction they have chosen to abide under existed long antecedent to the formation of the STATE, and is therefore exempt from the laws and debts of STATE, to which they do not consent, by the very fact they have no representation in the legislative halls, thereof.

See Locke and Parsons, “Second Treatise of Government” and “Essex Result”, respectively.
 
vector7 said:
This is the Federal Department of Indoctrination — a permanent US GOVERNMENT slush fund dressed up as education.
Click to expand...

Fixed it for you.



Meanwhile, as for the rest of your otherwise well-intended post, you KNOW the puppet masters are going to swing the pendulum the other way and undo EVERYTHING that they have afforded you the illusion that “Trump” “accomplished” during his turn in front of the curtain…….and this cycle will continue until AMERICANS EN MASSE TAKE UP ARMS.

The puppet masters have NOTHING to fear.
 
Hognutz said:
Bessent must be furious... US long-term rates are surging.

The market is forcing Bessent to either:

1) Stop issuing long-term debt
2) Get real and start implementing YCC

Bessent's Treasury QE is simply not enough.

The cornerstone of our financial system is breaking down...
Click to expand...
LOL.... David Solomon of Goldman Sachs , said just the opposite, this morning. He sees no issues with a 5% bond.

Solomon: I don’t see risks in credit system​

Goldman Sachs CEO David Solomon said he doesn’t see “a lot of risks” in the borrowing and credit system at the moment.

1788196222224.png

“We’re watching it closely, and I’m not overly concerned at the moment,” he told CNBC’s “Squawk on the Street” from Asheville.

He added that he’s seeing an “extraordinary” productivity boom but that it’s “not a straight line,” especially with disruptions from the Middle East.

www.cnbc.com

G20 meeting live updates: Bessent, Warsh kick off summit with growth-focused remarks

This is CNBC's live blog of the U.S. G20 finance ministerial in Asheville, North Carolina. Please check back for updates.
www.cnbc.com www.cnbc.com

Goldman CEO Solomon says Treasury yields aren’t ‘a calamity’​

Currently elevated Treasury yields are not out of the ordinary considering fundamentals, Goldman Sachs CEO David Solomon told CNBC.

Speaking to CNBC on the sidelines of the G20 meeting, the bank executive said he isn’t concerned with the state of the U.S. debt market, in which yields recently hit their highest levels in nearly 20 years before easing.

“If you have any kind of a historical context, Treasury premiums can be higher, and it’s not a calamity,” he told Sara Eisen.

“It’s really about what kind of growth can we drive in the economy, and what [are] our fiscal policy decisions going to be on a go-forward basis? And those are things that I think we’re going to have to wrestle with a lot.”
 
King Samson said:
:prfl:LOL.... David Solomon of Goldman Sachs , said just the opposite, this morning. He sees no issues with a 5% bond.

Solomon: I don’t see risks in credit system​

Goldman Sachs CEO David Solomon said he doesn’t see “a lot of risks” in the borrowing and credit system at the moment.

View attachment 618873

“We’re watching it closely, and I’m not overly concerned at the moment,” he told CNBC’s “Squawk on the Street” from Asheville.

He added that he’s seeing an “extraordinary” productivity boom but that it’s “not a straight line,” especially with disruptions from the Middle East.

www.cnbc.com

G20 meeting live updates: Bessent, Warsh kick off summit with growth-focused remarks

This is CNBC's live blog of the U.S. G20 finance ministerial in Asheville, North Carolina. Please check back for updates.
www.cnbc.com www.cnbc.com

Goldman CEO Solomon says Treasury yields aren’t ‘a calamity’​

Currently elevated Treasury yields are not out of the ordinary considering fundamentals, Goldman Sachs CEO David Solomon told CNBC.

Speaking to CNBC on the sidelines of the G20 meeting, the bank executive said he isn’t concerned with the state of the U.S. debt market, in which yields recently hit their highest levels in nearly 20 years before easing.

“If you have any kind of a historical context, Treasury premiums can be higher, and it’s not a calamity,” he told Sara Eisen.

“It’s really about what kind of growth can we drive in the economy, and what [are] our fiscal policy decisions going to be on a go-forward basis? And those are things that I think we’re going to have to wrestle with a lot.”
Click to expand...
Goldman Sachs!??!

LMAO! Sure……
 

Rickards: The Dollar's Not Dying​

Last week's financial media was full of apocalyptic headlines: "$40 trillion in national debt!" "U.S. debt in a doom loop!" "The end of the dollar is near!"

Gold and bitcoin soared in lockstep with the dollar doom and gloom. If you took the headlines at face value, one would assume the dollar was already toast and U.S. Treasuries were worth no more than digital confetti.

1788214350902.png

The truth is that the dollar's position as the leading reserve currency is not in jeopardy. Of course, foreign exchange reserves are not simply piles of currency. They are largely held in liquid financial assets, including U.S. Treasury securities denominated in dollars.

Dollar-denominated assets will dominate global reserves for decades to come.

The reason is simple. There are few sovereign bond markets with the size, liquidity and depth of the U.S. Treasury market. Other large government bond markets, including Japan and major European markets, do not offer the same combination of scale and liquidity. King dollar will remain king.

This does not mean interest rates won't rise or inflation won't increase. Both are likely. But neither means the end of the dollar. It just means the Treasury pays more to borrow and you pay more at the gas pump and grocery store.

So, there are problems in the dollar bond markets, but debasement-trade hysteria is not a useful way to understand them.

Rickards: The Dollar's Not Dying<!-- --> | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com www.zerohedge.com
 
Samuel Adams said:
Henry, as you established this thread, I appeal to you directly in that I feel safe assuming you don’t mind casual (religious) history being referenced herein ?

“Be not thou one of them that strike hands, or of them that are sureties for debts.”
Proverbs 22:26

Organic citizens of the several states, known as “white” or “state” citizens, are not considered as surety for debts incurred by the US corporation, though they may be on the horn for legitimate war debts incurred by the original (now barely existent) congress…..

US citizens, however, as per the 14th and other criteria, are debt slaves to whatever whims of madness that the current flamboyant “congress” may therein indulge themselves.

Outlaw inhabitants who choose to return to or remain in the State of Nature are not liable at all.

The jurisdiction they have chosen to abide under existed long antecedent to the formation of the STATE, and is therefore exempt from the laws and debts of STATE, to which they do not consent, by the very fact they have no representation in the legislative halls, thereof.

See Locke and Parsons, “Second Treatise of Government” and “Essex Result”, respectively.
Click to expand...
No sir...feel free
 
R/T 38 sec


https://twitter.com/x/status/2094511636191252971
View: https://x.com/sterndrewcrypto/status/2094511636191252971?s=61



US TREASURY JUST CONFESSED: THE DEBT CAN’T BE PAID

Scott Bessent just said the quiet part out loud: “The only option left is to grow out of it.”

America cannot cut or tax its way out of $40 trillion.

That is not a strategy. That is a last bet.

It means the pile is too big to repay in real terms. So they need GDP to outrun the debt while deficits stay massive. Miss the growth target and the ratio explodes. Hit it only with inflation and the currency takes the hit.

They are now selling the AI boom as fiscal policy. Robots, data centers, productivity miracles, anything to make the denominator grow fast enough that $40 trillion looks “manageable.”

Then comes the second trick: Stablecoins.

Wrap Treasuries as “reserves,” push dollar tokens worldwide, and quietly transfer fiat debt onto a crypto rail so foreigners keep funding the same obligation under a new wrapper.

If that fails (and the odds are high), the trap snaps shut.

Sticky inflation. Rising long yields. Softening Treasury demand. Record interest payments eating revenue. Multi-trillion deficits forcing more issuance. More bonds, higher rates, a bigger interest bill, still more debt. That loop does not “grow out.” It compounds.

There is no soft landing after that. Only a financial depression and a new system.


China is already building the alternative: 21 straight months of official gold buying, a Hong Kong vault-and-clearing network to make yuan convertible into metal, and BRICS rails designed to settle trade outside pure dollar clearing.

The confession only means one thing: They’re kicking the can as much as they can, but the endgame is a financial depression.

This was exactly outlined by the famous City Of London banker @LordBelgrave at the start of the year.

Washington will have no choice but to debase the U.S. dollar and weaken its “reserve status” to get out of its debt trap.

It’s all planned for Gold.
 
https://twitter.com/x/status/2094565913253024095
View: https://x.com/financelancelot/status/2094565913253024095?s=61



SOFR Volume has rapidly fallen from $3.5 trillion to $2.84 trillion indicating hedge funds are stepping away from the U.S. treasury market.

SOFR lending is used in the Treasury Basis Trade, exploiting the small price differences between U.S. Treasury securities and Treasury futures contracts.

It is one of the largest and most closely watched trades in fixed-income markets because it uses anywhere from 20x to 50x leverage.

How the long-basis trade usually works:
1) Buy the cash cheapest-to-deliver bond.
2) Finance the purchase in the repo market by pledging the bond as collateral.
3) Simultaneously sell (short) the matching Treasury futures contract.
4) Use 20x to 50x leverage to buy more U.S. Treasuries.

When SOFR is falling like this it's a sign that the cash-futures treasury trade is no longer profitable and is being wound down by hedge funds.

As SOFR volume falls, so too does U.S. treasury demand, putting funding stress in the bond market as yields begin rising.
 
https://twitter.com/x/status/2094630821512573314
View: https://x.com/stealthqe4/status/2094630821512573314?s=46


How are we going to finance all of this hyperscaler debt if bond yields keep rising like this?

There’s trillions of dollars that needs to be financed. The borrowing costs to fund all of this is going through the roof.

And the government doesn’t seem to have the money to bail AI out.

Hell, they can’t even keep bond yields down.

The money printer is overloaded but everyone believes it’s going to come in and save the day.


Well guess what, if they try to print their way out of this the dollar is going to get smashed and inflation is going to explode even higher.

I honestly don’t see an exit strategy here and Trump just seems like he’s in complete denial and lost. ‍♂️

Scary times.
 
20Gauge said:
You know things are getting bad when the ads for cars return to no payments for x months and 0.0% interest for x years.

Just saw one this weekend
Click to expand...
And it's for a 1985 Yugo with 300,000 miles on it, the ad by Honest Ernie's Car Emporium, Towing, and Scrap Metal Co.
 
I got board and was playing with ChatGPT and asked it how long would it take to hit 1 QUADrillion Dollars at the rate we're going and stuff. It suggested around 76 years from now give or take. That assumes we keep increasing debt levels and spending like we have. Give or Take.
 
These numbers are so big that people have no frame of reference. When you consider that a trillion seconds ago was over 30,000 years in the past and even the pyramids hadn’t been built yet and we owe over $40 trillion now, and that is just on book debt and doesn’t begin to count unfounded liabilities. Nobody in recorded history has approached these levels of debt. The crash that awaits us has no appropriate adjectives to describe.
 
teedee said:
I just put some cash into my wallet yesterday. Included were 2 $50 bills. The new $20. I am old enough to remember when a $50 was real money!
Click to expand...

Yessir! I'm old enough to remember being around twenty, when I could gas up the Harley, drink cheap draft beer and chase women all weekend for $20.

Understand that this wouldn't have been a weekend of drinking premium shots, getting hammered and throwing money around. You couldn't do that on only twenty bucks even back then. But it was enough to let you go bar hopping with your bros and drink a beer - or maybe two - at each stop.

Also, don't imagine that I was always broke back then. I was working offshore in the diving industry and there were occasions when work dried up and we'd be "sitting on the beach" for a few weeks. That's when funds would start to run low and you'd have to turn down the party hearty button a bit.

If you want a quick, thumbnail sketch of the local diving economy in Louisiana and Texas, see how many Kirby-Morgan band masks and SuperLite 17 "hats" are in the local pawnshops.

Best
Doc
 
Hfcomms said:
These numbers are so big that people have no frame of reference. When you consider that a trillion seconds ago was over 30,000 years in the past and even the pyramids hadn’t been built yet and we owe over $40 trillion now, and that is just on book debt and doesn’t begin to count unfounded liabilities. Nobody in recorded history has approached these levels of debt. The crash that awaits us has no appropriate adjectives to describe.
Click to expand...

It is just numbers.

I agree though, when the crash does happen it will be just like any other time a civilization has crashed, just this one will affect more people and not just on one continent.

Not saying stock up on gold and silver, just have some that fits in one's diversification.
 
Soooo....stupid question. If we're soooo in debt, why are we sending and spending taxpayer dollars to FOREIGN COUNTRIES!! Why is any financial "AID" going anywhere outside our boarders? Why are congress critters still getting paid when they can't do their jobs in the first place. Do that poorly in the private sector and they be fired on the spot!! AND, would not be eligible for unemployment!
 
You must log in or register to reply here.
Top