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Re: U.S. National Debt Jumps - hits $35 trillion

By: De_Composed in 6TH POPE | Recommend this post (0)
Mon, 29 Jul 24 7:45 AM | 44 view(s)
Boardmark this board | 6th Edition Pope Board 		Msg. 55979 of 58510
(This msg. is a reply to 55978 by De_Composed)
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Having reached $35 trillion on July 28th, you can see that we're still following my graph's elliptical trajectory. From here on out, the debt will grow VERY quickly.

A dollar failure is most likely coming in 2026 - before the debt's growth goes vertical. If anything, what I'm seeing today indicates that the failure is slightly AHEAD of schedule. I hope you folks are getting ready for it. This is serious. If you pray, pray hard.

As always, if any of you can think of a reason why my chart is wrong, please... I'd like to hear what you have to say.

I'm not enough of an economist to know what "dollar failure" actually means (and I doubt many economists know either.) Does it mean that one day, a dollar will buy a can of green beans and the next day it will buy *nothing*? Or does it mean hyperinflation, where prices double monthly until nobody will accept the dollar anymore? Probably the latter, but if you think that's so great, it only staves off your starvation by a year or so. (Under monthly doubling, what costs $1 today costs $4,096 in one year.)

Rest assured that I am not the only one seeing this graph and understanding what it means. The government will implement some draconian laws in the coming two years: I won't be surprised if we see gun confiscation, safe deposit box content examination, prison sentences or death penalties for hoarding essentials such as gas, food or bitcoin. What else might be in the works is beyond me.









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The above is a reply to the following message:
U.S. National Debt Jumps - hits $35 trillion
By: De_Composed in 6TH POPE
Mon, 29 Jul 24 7:31 AM 		Msg. 55978 of 58510

I'm following the Debt clock pretty closely and was surprised this morning to see it suddenly at $35 trillion. On Friday, I thought that milestone was still ten days away.

My prediction on January 1st was for $36.8 trillion debt this year.

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