If you are going to go out, you might as well do it with a bang. At the beginning of June, our national debt was sitting at $31,467,639,287,894.39. Today, it has risen to $33,442,148,619,617.43. That means that we have added almost two trillion dollars to the national debt in just three months. It is the largest single debt in the entire history of our planet, and it will never be paid off. Our debt spiral has reached a terminal phase, and all we can do now is prolong the agony. If we keep taking on more debt at an exponential rate, we may be able to extend our seemingly endless party for a little while longer. As for the bright future that our children and grandchildren were supposed to have, we destroyed that a long time ago, and so it doesn’t really matter what we do now.
What our politicians are doing to us is truly a crime against humanity.
And I am not just talking about the United States. All over the world, politicians have been on the greatest debt binge in the history of the human race, and for quite a few years it seemed like they were getting away with it.
But now interest rates are rising and there is great turmoil in the bond markets. The following comes from CNN…
https://theeconomiccollapseblog.com/we-have-reached-the-terminal-phase-of-the-greatest-debt-spiral-in-the-history-of-the-human-race/Our interest costs have hockey sticked from about $300B to $1T in just three years. At this rate it will consume more than 50% of our tax receipts in another 3 years.
The crash wall is coming up fast.
