🚨 The US just crossed a financial Rubicon not seen since World War II.
For the first time since 1946, federal debt held by the public has officially eclipsed the entire American economy.
We are looking at a staggering $32.2 TRILLION sitting at 100.03% of GDP.
And that is just the public portion factor in internal trust funds like Social Security, and total debt has already smashed past $40 TRILLION.
The last time the math looked this bleak was 1946, when post-war recovery followed a peak of 106%. But this time, there is no global conflict driving the bill.
Instead, the cost of servicing this mountain of debt has become a monster on its own.
Net interest payments cost a crushing $1.05 TRILLION this fiscal year.
Let that sink in: the US government now spends more money just paying interest on its debt than it spends on its entire national defense.
All of this is unfolding while the broader economy continues to defy expectations, logging a 3.4% annual growth rate in the third quarter.
When the underlying math breaks, the rules of the game change. The playbook is shifting fast.
#Economy #Crypto #Finance #Macro #Bitcoin
For the first time since 1946, federal debt held by the public has officially eclipsed the entire American economy.
We are looking at a staggering $32.2 TRILLION sitting at 100.03% of GDP.
And that is just the public portion factor in internal trust funds like Social Security, and total debt has already smashed past $40 TRILLION.
The last time the math looked this bleak was 1946, when post-war recovery followed a peak of 106%. But this time, there is no global conflict driving the bill.
Instead, the cost of servicing this mountain of debt has become a monster on its own.
Net interest payments cost a crushing $1.05 TRILLION this fiscal year.
Let that sink in: the US government now spends more money just paying interest on its debt than it spends on its entire national defense.
All of this is unfolding while the broader economy continues to defy expectations, logging a 3.4% annual growth rate in the third quarter.
When the underlying math breaks, the rules of the game change. The playbook is shifting fast.
#Economy #Crypto #Finance #Macro #Bitcoin
