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America's Real Economic Crash

[media=https://youtube.com/shorts/ZlCLuDKQF_s?si=Nbzy_YXP3jm4rlBu]

"Whenever Governments are granted power to purchase their own Debt, they never fail to do so, eventually destroying the value of the Currency." –Dr. Ron Paul

Ray Dalio, Doug Casey, and Richard Wolff correctly and succinctly assessed the US Government's Financial Crash.

Observation #1: It’s Politically Impossible To Cut Spending

Among the biggest Expenditures for the US Government are Entitlements of Social Security, Medicare, and Medicaid.

The Political Indentured Servants on Capitol Hill can't cut Entitlements. They know, tens of millions of Baby Boomers and Disabled People—entering Retirement. Cutting and telling them the unvarnished truth about Social Security, Medicare, and Medicaid is a sure way to lose an Election.

The interest on the Federal Debt is already the second-largest Federal expenditure. In a matter of months, it’ll exceed the entire Entitlement System and be the biggest Line Item.

With the most precarious Geopolitical situation since World War 2, National Defense won't be cut. Donald Trump proposed increasing from $917 Billion to $1.5 Trillion. The War of Attrition for Israel with Iran guarantees Military Spending has nowhere to go but up. The Pentagon requested an additional $200 Billion.


In short, efforts to cut Healthcare and Welfare Expenditures will be meaningless unless they make Chainsaw-like cuts to Entitlements, National Defense, and Welfare while liquidating the National Debt.

The United States needs a Smart and Intelligent Person to return the United States Government to a limited Constitutional Republic, close the 128 Military Bases, end Entitlements, kill the Welfare State, and repay part of the National Debt.


Observation #2: Ever-Increasing Debt Is the Only Way To Finance Deficits

Corrupt US Politicians choose the most expedient option, meanwhile issuing more Debt rather than making tough Budget decisions or explicitly defaulting. Case in Point, the Debt Ceiling farce in the US Congress, which has been raised over 100 times since 1944. Increased Tax Revenue WILL NOT offset Federal Expenditures. Even if Tax Rates went to 100%, it still wouldn’t be enough to stop the Debt.

According toForbes, there are around 902 Billionaires in the US with a combined net worth of about $6.8 Trillion. The US Government spent $7 Trillion in FY 2025, and will spend more in FY 2026 and beyond.

Even if the US Government confiscated 100% of Billionaire Assets through an pathetic attempt at a Wealth Tax, it wouldn’t cover even a single year of current Federal Spending. Even after confiscating all Billionaire Wealth, the US Government would still have to borrow more than $200 Billion to cover FY 2025 Spending. "Tax the Rich" was never and isn't a viable idea, unless you're willing to lose the Job that "Rich" Person is investing in Business and Industry to provide for you.


More Taxes won't change the trajectory even slightly, Deficits, the Interest expense, nor will the Debt needed to finance them.


Observation #3: Over Half of US Treasury Debt Matures by 2028

Nearly $10 Trillion of US Treasuries will mature. Every Bond coming due has to be refinanced at today’s much higher rates—locking in substantially larger Interest Costs for years. What used to roll over quietly can now only be rolled over at roughly double the Interest Cost seen in 2022. The easy-money era is over and the "Free Money" period has ended, now the Bill has to be paid.

More than half of America’s Debt will mature by 2028.

Every time US Debt is refinanced at higher rates, adding Interest costs to the Deficit —Costs have to be financed with even more Debt issuance, compounding the problem. It’s worth noting that $6.6 Trillion of the $9.6 Trillion maturing this year—roughly 69%—are short-term T-bills.

That’s typical in a Debt Crisis. Only a fool of an Investor would want to lend a Bankrupt Government money for the Long Term...
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The US has problems no doubt. Most of it can be traced to the Pentagon which has never passed an audit and cannot account for 63% of their assets. The defense industry is literally a criminal cartel used for fraud first and foremost.

Dr. Richard Wolff would have a stroke at his name being used to push the long debunked austerity ideology though.

Even the IMF has publicly stated austerity is bs despite pushing it for decades.

It just makes people at the bottom suffer for the actions at the top.

And close 128 based? The US has between 700 to 1000 bases depending on what you include.
whowasthatmaskedman · 70-79, M
@PicturesOfABetterTomorrow To engineer any kind of a soft landing, America must have the goodwill of every neighbour and trading partner. And I think you can see the problem with that..😷