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

By: De_Composed in 6TH POPE | Recommend this post (1)
Fri, 23 Aug 24 7:33 AM | 36 view(s)
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Msg. 57059 of 60008
(This msg. is a reply to 56164 by De_Composed)

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Do you remember when the U.S. debt hit $35 trillion? It was on July 29th. But August 2nd was the first time I asked this question. The debt had just jumped.

Today it jumped again. In three weeks, the debt has soared by a quarter trillion. If it continues at this rate - which seems inconceivable but is in keeping with my ellipse graph - it will be at $36 trillion by the end of October.


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The above is a reply to the following message:
Re: U.S. National Debt Jumps - hits $35 trillion
By: De_Composed
in 6TH POPE
Fri, 02 Aug 24 12:55 PM
Msg. 56164 of 60008

Do you remember when the U.S. debt hit $35 trillion? You should. It was only four days ago. Would you believe that it is already more than 12 percent of the way to $36 trillion???? I glanced at it a few seconds ago and could scarcely believe my eyes.

We need to have physical possession of our wealth, folks, because TPTB are intent on taking the non-physical part away from us and will probably succeed. Actually, there's no "probably" about it. They're succeeding every day.

If you are relying on pensions, stocks, bank accounts, bonds, cash-on-hand, or your many years on the job to get you through the decade to come, all I can say is "Good luck with that." When the dollar fails, nearly all such assets will too. In fact, going back to our longstanding joke, if you've got cans of beans stocked in your cellars - cans that aren't expired and that aren't bulging from botulism - you may be better off than 99.9999 percent of your neighbors. Just be sure to have a can opener, okay?




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