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Fiscal Collapse Accelerates
At this point there is nothing standing between us and fiscal collapse. The only question is when.In case you thought anybody in Washington was driving this thing‚ they are not.Its official: the Department of Treasury is now issuing debtat pandemic levels. Its worth noting the pandemic record was double the previous record‚ which had stood for 231 years.In raw numbers‚ the latest numbers for Q4 2023 show Treasury issued $7 trillion in new debt. For the entire year‚ it came to $23 trillion.This has bloated the Treasury market to $27 trillion up 60% since the pandemic. In other words‚ one third of Treasuries have fresh ink on them. And its up roughly sixfold since the 2008 crisis.Meaning if we hit another crash‚ it could be a lot bigger.Our fan-favorite Turbo Force Plus is now 40% off! See for yourself the delicious one-of-a-kind energy boost infowarriors CRAVE!Sending US Economy to DefaultsAt this point‚ federal debt is rising by $1 trillion every 90 days‚ and US government spending as a percent of GDP is at World War II levels.Given were not in a World War in theory nor are we in a pandemic‚ why so much debt?Easy: its buying growth.Or asBalaji Srinivasanputs it: The economy isnt real. Its propped up by debt. They will fake it till they break it.Even theWall Street Journal‚ which loves debt‚ is sounding the alarm‚ writing that rapid growth in debt often ends badly‚ and given the enormous size and alleged safety of the Treasury market any instability could be catastrophic.Why catastrophic? Because US Treasuries are treated like cash by everything from banks to pension funds to large corporations and individual 401ks. A Treasury is seen as cash that pays interest.This is false‚ of course: A Treasury is a promise from Uncle Sam to pay you back someday‚ perhaps 20 or 30 years in the future.Meaning that‚ unlike cash‚ any concerns investors might have about Uncle Sams ability or willingness to pay can crash Treasuries.If that happens it immediately sends the entire banking system‚ pension system‚ and hundreds of corporations into default.Trillions in Fake DebtIndeed‚ it could break the payments plumbing in the entire financial system you wouldnt be able to get money.If that sounds dire‚ recall that all of these are sustained by the gossamir thin belief that Uncle Sam will pay back every penny with interest.This is curious given that neither voters‚ who in theory run the government‚ nor Congress who actually does run the government seem to think the debt is real.You can actually try this at home: tell a voter that student loan bailouts will cost a trillion meaning $10‚000 out of their pocket. Or that another war will cost $30‚000 out of pocket. Most dont care. Because its not real.So the voters dont think its real. Congress doesnt think its real. But literally everything depends on the illusion that every penny of federal debt will be repaid in full‚ with interest.What could go wrong.ConclusionEvery fiscal trend is in the wrong direction.Were already at a $2 trillion deficit‚ it will soar by trillions when recession hits.And it will keep churning with Social Security‚ Medicare‚ and spending on everything from illegal immigrants to fresh wars.At this point there is nothing standing between us and fiscal collapse. The only question is when.Learn Why The Globalists Are Killing Their Own Monetary System