The US Is Deep In Debt
There is a battle happening right NOW with countries attempting to ditch the dollar, with China in the lead. (Source)
Whether they will be successful is in doubt, according to Morgan Stanley (Source)
While this is being played out worldwide, they ARE NOT are the biggest threat to the U.S. Economy or the U.S. dollar.
Whether they will be successful is in doubt, according to Morgan Stanley (Source)
While this is being played out worldwide, they ARE NOT are the biggest threat to the U.S. Economy or the U.S. dollar.
Think Uncontrolled Spending
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 $1.1 Trillion dollar mark (Source), 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.
Right now, the government is paying MORE 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.
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.
Right now, the government is paying MORE 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.
Can President Trump Policies
Reverse Th=at Trend?
The The Short Answer is Yes - BUT
It will take time…he will be facing an uphill battle to get his people in place while fighting the entrenched Bureaucrats WHO DO NOT WANT CHANGE.
Knowing DC Politicians, expect at least 2 years BEFORE and his policies are implemented.
It will take time…he will be facing an uphill battle to get his people in place while fighting the entrenched Bureaucrats WHO DO NOT WANT CHANGE.
Knowing DC Politicians, expect at least 2 years BEFORE and his policies are implemented.
What That Means
It means that the United States of American (and its citizens)are so deep In debt It may be years before that trend can be reversed.
Currently, THAT DEBT IS NOT BEING PAID DOWN, only the interest (called servicing the debt).
Hopefully, Trumps policies can reverse that trend, but in the meantime, China, Russia and Brazil, and others are attempting to devalue or harm the U.S. Economy and U.S. Dollar.
Currently, THAT DEBT IS NOT BEING PAID DOWN, only the interest (called servicing the debt).
Hopefully, Trumps policies can reverse that trend, but in the meantime, China, Russia and Brazil, and others are attempting to devalue or harm the U.S. Economy and U.S. Dollar.
Millionaires Hedging Their Bets With Gold
Paul Tudor Jones
$7.5B Net Worth
5% gold allocation
$7.5B Net Worth
5% gold allocation
Kevin O'Leary
$400M Net Worth
5% gold allocation
$400M Net Worth
5% gold allocation
Ray Dalio
$19.1B Net Worth
8% gold allocation
$19.1B Net Worth
8% gold allocation
Kyle Bass
$3B Net Worth
10% gold allocation
$3B Net Worth
10% gold allocation
Rick Rule
$133M Net Worth
10% gold allocation
$133M Net Worth
10% gold allocation
Jim Rickards
$19M Net Worth
10% gold allocation
$19M Net Worth
10% gold allocation
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.
