Doug Macgregor highlights that the imminent dollar collapse and money printing to pay for the debt and interest is the really big news for America, which nullifies its power also in the Ukraine war, in Venezuela and in Iran.
US cannot afford the huge military formations around the globe, he argues in a video called
"IT s OVER! Odessa Lost - Ukrainian Army Collapses, NATO Panics."
https://www.youtube.com/watch?v=EGGtbYH_vxc
US national debt has reached a new record of 38.5 trillion, posing a significant fiscal challenge as highlighted by Mario Nawfal.
"This figure translates to roughly $114,000 per citizen or approximately $285,000 per household, placing an unprecedented burden on the American"
https://tradersunion.com/news/market-voices/show/1194266-us-debt-38-trillion/
European and UK economies are in even worse shape.
With this unfolding economic disaster, Trump cannot seriously rattle the sabre against Iran, Venezuela, Taiwan and Russia.
The US now spends more on interest on its debt than on the military.
AI Overview
For the first time in recent history, U.S. spending on interest for the national debt surpassed national defense spending in Fiscal Year 2024, with interest costs reaching around $880 billion compared to defense outlays of roughly $874 billion, making interest the second-largest budget item after Social Security and highlighting the growing burden of debt servicing. This shift reflects rising interest rates and increasing debt, with analysts noting interest costs are now outpacing spending on Medicare, veterans, education, and transportation combined, presenting a significant fiscal challenge.
Key Figures & Timeline
FY 2024: Interest payments (around $880B) exceeded defense spending (around $874B) for the first time.
Rapid Growth: Net interest payments nearly doubled from FY 2020 to 2023 and are the fastest-growing part of the federal budget.
Budgetary Impact: Interest costs are now the second-largest line item, behind only Social Security, according to The U.S. House Committee on the Budget.
Why It's Happening
Higher Interest Rates: Increased rates make borrowing more expensive.
Increased Debt: A large national debt means more money is needed just to pay interest.
Policy Decisions: Interest payments are a consequence of past decisions not to raise taxes or cut spending, says CBS News.
Broader Context
While defense spending remains massive (the U.S. spends more than the next nine countries combined), the growing debt interest is diverting funds from other priorities.
This situation is comparable to historical examples, like Britain after World War I, where debt servicing costs surpassed defense, posing significant fiscal challenges, according to National Rural Utilities Cooperative Finance Corporation.
....
Am not sure if the US situation is comparable to Britian after WW1.
It may be more comparable to Weimar because an hollowed out US economy, industrial base, has to service a staggering and ever growing amount of deb, requiring the printing presses and quantative easing.
Accelerating money printing, inflation, hyperinflation, deficts, the impending dollar collapse will destroy America s power.
Compared to the collapse of the dollar, in fact, the defeat of the Ukraine, NATO will seem a marginal event.
The failure of US economy and military are interlinked. Both are due to a failed political and media elite run ultimately by the Epstein circle.
The total collapse of the dollar is imminent because Trump has failed to get a grip on trade, debt and deficit and is wasting vast sums on corruption and conflicts while the Billionaires backing him have failed to turn AI into a driver of productivity.
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