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US debt
Aug 19, 2024 10:46:48 GMT -6
Post by luvmywammies on Aug 19, 2024 10:46:48 GMT -6
Loser rates mean more inflation. Keeping rates the same means stagnation. They will probably go for both inflation and stagnation. Some good old-fashioned, late 1970s-like, stagflation. I agree, but without low rates, we’ll be in the greatest depression we’ve ever seen. The housing and auto markets won’t survive. Tens of millions of jobs will be lost. |
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US debt
Aug 21, 2024 11:53:58 GMT -6
Post by luvmywammies on Aug 21, 2024 11:53:58 GMT -6
They all see the writing on the wall for the US and the dollar and it’s multi trillion dollar endless deficits.
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US debt
Aug 25, 2024 9:13:55 GMT -6
via mobile
Post by luvmywammies on Aug 25, 2024 9:13:55 GMT -6
US CREDIT CARD SERIOUS DELINQUENCIES RISING AT THE FASTEST PACE SINCE THE GREAT FINANCIAL CRISIS.
US consumer serious delinquency rates (90+ days) in credit card debt have risen to 10.9%, the highest since 2011.
Previously, such a rapid surge occurred in 2009, during the crisis
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US debt
Aug 25, 2024 12:08:08 GMT -6
Post by luvmywammies on Aug 25, 2024 12:08:08 GMT -6
This wont end well, and it’s coming sooner than you think.
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US debt
Aug 27, 2024 18:06:25 GMT -6
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Post by luvmywammies on Aug 27, 2024 18:06:25 GMT -6
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US debt
Aug 29, 2024 12:27:46 GMT -6
Post by luvmywammies on Aug 29, 2024 12:27:46 GMT -6
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US debt
Aug 30, 2024 6:54:15 GMT -6
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Post by luvmywammies on Aug 30, 2024 6:54:15 GMT -6
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US debt
Aug 30, 2024 6:54:56 GMT -6
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Post by luvmywammies on Aug 30, 2024 6:54:56 GMT -6
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US debt
Aug 30, 2024 9:53:31 GMT -6
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Post by luvmywammies on Aug 30, 2024 9:53:31 GMT -6
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US debt
Aug 30, 2024 11:01:20 GMT -6
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Post by luvmywammies on Aug 30, 2024 11:01:20 GMT -6
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US debt
Aug 30, 2024 12:45:19 GMT -6
Post by luvmywammies on Aug 30, 2024 12:45:19 GMT -6
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Post by luvmywammies on Aug 30, 2024 21:41:21 GMT -6
US govt revenue is $5 trillion.
Social Security, Medicare, Medicaid and interest on the debt add up to over $5 trillion.
That consumes over 100% of govt revenue ... before we even mention Defense, Agriculture, FBI, DOJ, State Department, Education and every other department in the US govt.
The US govt has baked in over $2 trillion deficits (and increasing) forever into the future. There is no way to stop this debt spiral we are entering.
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US debt
Aug 30, 2024 21:51:03 GMT -6
Post by luvmywammies on Aug 30, 2024 21:51:03 GMT -6
We are currently spending over $100 billion per month on average for interest on the national debt. In the coming 12 months, it will likely be $1.2 to $1.4 trillion for interest on the $35.2 trillion debt.
Total govt revenue is about $5 trillion per year.
So we are likely at about 25% of all govt revenue going to pay interest on the national debt.
The national debt will reach $36 trillion by the end of 2024.
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US debt
Aug 31, 2024 7:36:08 GMT -6
Post by honktonk on Aug 31, 2024 7:36:08 GMT -6
it's all smoke and mirrors,imagine being able to print money with nothing to back it up and charge interest on it
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US debt
Aug 31, 2024 12:30:10 GMT -6
Post by luvmywammies on Aug 31, 2024 12:30:10 GMT -6
it's all smoke and mirrors,imagine being able to print money with nothing to back it up and charge interest on it every Fiat currency in history has collapsed, and the USD will be no different. We are at the final stages of collapse now. |
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