Quote:
Originally Posted by Boilerman
The US national debt is a disaster. Interest payments on that debt currently take 17% of all federal expenditures and it’s more accurately at 22% when you remove the self funded social security payments from the calculations. This year, we’ll spend more on interest payments than we do the defense budget.
Going forward the numbers only get worse and once we reach a tipping point, the USD could crash, with the interest rates on the debt spiraling. The most recent tax bill accelerates all that.
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Yeah...It's not good but not a disaster. You want a criminal disaster, just look at the government-infested Sickcare industry.
Lucky for us, the USD is the cleanest shirt in the hamper...Or best horse at the glue factory
With Stablecoin, I suspect the USD will obsolete all other criminal fiat over time.