Anybody up for a random meme dump?

Between June and September nearly 30% of the national debt will be refinanced. That mean the bond averaging a coupon of roughly 2.7% will now be paid out with new 10 years averaging nearly 5.5%. That's $11T at more than 2 times the interest rate.

Another 20% of the debt will be refinanced between the end of the year and next September.

If 50% of the debt resets at 2x the current interest rate then we will be paying more than Defense and Healthcare COMBINED.

That’s ok, just raise taxes and the US can pay their bills … no biggie, right?
 
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That’s ok, just raise taxes and the US can pay their bills … no biggie, right?

Yeah.... you could confiscate all billionaires fortunes in the US and pay for about 7 months of what's coming in 3 years. We'll be seeing annual interest around $2.6T soon.... then it starts an exponential rate of increase as we have to finance the interest.

M3 money supply (M1, which is money in liquid form and M2, which is invested but liquid money) is roughly $30T. In 10 years the interest on the debt could be half of that annually. So... in simple terms the government will need HALF OF EVERYTHING to pay the INTEREST. That's not paying anything else the government does.... just the Interest on the debt. Even in theory this isn't possible because to sell the short term investments to get the liquid money you'd need a buyer and if the money supply isn't expanded by 5x or so there would be no one to buy....even if they wanted to.

If anyone thinks we're not going to print more money.... and a lot more money you're not understanding what's going on.
 
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This is what's coming in all likelihood. The world is smart enough to know that our currency is trash. The attempt to tie a new one to a finite value using blockchain is intriguing. Don't get caught up in the rest of the world using something other than the dollar... It's actually the fastest way to the other side for us as well.