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The Collapse of the American Economic Empire

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Yesterday afternoon the United States Government published its Annual Report stating plainly that America has 8 years left before a Financial Crash.

This is not Hyperbole.
This is not Conjecture.
This is not a Conspiracy Theory.

In fact, 8 years until a Crisis is the BEST CASE SCENARIO unless the US Congress takes action NOW.

The most critical "Trust Fund" in the so (called OAS, or “Old Age Survivors) and the other Entitlements will be fully depleted.

That’s precisely what it says in the 2025 Annual Report of the Board of Trustees of Social Security, signed by the US Secretary of Treasury yesterday.

Once that OAS Trust Fund runs out of Money, the Report states that Social Security Benefits will be immediately and permanently cut by 23% and worsen.

This will constitute a broken promise to 70+ Million Baby Boomers who spent decades paying Taxes into a Ponzi Scheme of epic proportions supposedly solvent by the time they retire. Social Security’s biggest Trust Fund running out of money will devastating and many Baby Boomers and the Disabled will not survive.

On top of that plain fact, the total US National Debt will be $52 TRILLION according to the Congressional Budget Office (CBO) estimates. which notoriously underestimates Deficits.

$52 Trillion is so large that the Government could easily be Spending 40% of all Taxes just to pay interest on the National Debt. There won't be any Money to do anything else.

THINK ABOUT THAT.
Not on DEFENSE.
Not on INFRASTRUCTURE.
Not even on the bloated ENTITLEMENTS PROGRAMS Washington DC refuses to reform. JUST INTEREST ON THE DEBT.

These two things together running concurrently— a massive Annual Interest Bill combined with Social Security’s insolvency— will combine to a Gargantuan Fiscal Crisis in 8 years.

The Political Indentured Servants on Capitol Hill indebted to their Corporate paymasters, aren't very concerned which is why they have very little will to cut Spending, or make necessary reforms that would solve our underlying problems.

Foreign Governments and Central Banks clearly understand this problem. They see and know how difficult it'll be for the US to pay its Debts. That’s why Foreign institutions are dumping US Dollars and US Government Bonds. Foreign Governments have lost confidence in the US Government, they’re wisely cashing out. So have I!

One of the biggest beneficiaries of this trend has been Gold; Others have talked about this — as Foreign Governments and Central Banks dump their US Dollars, they've been buying up record amounts of Gold Bullion, makes perfect sense. Who in their right mind want their Money and have any confidence in phony Monopoly Money?!

This isn’t some ideological crusade—it’s very rational for Foreign Governments and Central Banks; Gold is Liquid, Fungible (i.e. standardized), Globally recognized, and the Market can absorb massive Capital flows— Hundreds of Billions of Dollars or more.

This is how they diversify to protect themselves from what will likely happen down the road in the United States. Smart and Intelligent American Taxpayers who can read the Writing on the wall can surely do the same...
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$52 Trillion is so large that the Government could easily be Spending 40% of all Taxes just to pay interest on the National Debt.

Just for the record, the US government is ALREADY spending 39% of all tax revenue collected by the IRS just to pay the interest-only on America's $35 Trillion in National Debt. That means there is absolutely NO amount being paid down on the principal amount.

When that National Debt swells to $52 Trillion, expect the government to be spending 59% of all tax revenue collected, JUST to pay the annual interest-owing on $52 Trillion!

Right now with a meager National Debt of only $35 Trillion, the interest-owing is equal to 3.1% of America's GDP.

When America's National Debt hits $52 Trillion, the interest-owning will be equal to 4.6% of America's GDP.
DeWayfarer · 61-69, M
@swirlie So Trump increases the debt ceiling another 7 trillion!