• 15. 11. 2024 • H. T. •
The United States government is adding $1 trillion to its national debt every 100 days
- The US national debt has surpassed $34 trillion, with over $1 trillion being added every 100 days.
- The debt is growing by $3.6 trillion every year.
- The US government is spending more than $1 trillion on interest payments, it is now its biggest budget expenditure
Impact on the Economy
- The growing debt also increases the risk of inflation, as the government prints more money to finance its spending.
- The rapid growth in debt has led to a surge in the “debt debasement” trade, with investors seeking to hedge against the US dollar by investing in assets like gold and bitcoin.
Conclusion
The US national debt is growing rapidly, with $1 trillion being added every 100 days. This rapid growth has significant implications for all other countries intertwined in the global economy.
Just to put things in perspective: 1 million seconds was 11 days ago, 1 trillion seconds was 31688 years ago.
So, if US dollar is still the standard for other currencies and Your currency is not gaining against the dollar, we can assume…
Currency printer goes brrrr….