š National Debt Explosion: The Fiscal Time Bomb and its Implications
US national debt has reached $35T. Interest payments now exceed military spending and other secret service budgets combined. What are the implications?
by Prof. Richard Werner
National debt has reached a new all-time high of $35 trillion, and counting. If you read this note a few weeks after I wrote it, the chances are the US will already have reached $ 36 trillion in national debt. Just check the debt clockā¦
Since this US debt mostly takes the form of Treasury bonds issued with fixed promises to pay interest, the annual servicing cost of this national debt has now also reached historic proportions.
ā”ļø Read the report here!
āļø šŗšø š He Who Decides the Exception: Trump Should Disregard the Supreme Courtās National Guard Ruling
ā¬ļø Judicial overreach mustnāt be permitted to trample the public necessity.
š¶ļø The Supreme Court has again reminded the country that, in the American system, the judiciary can halt executive action with the stroke of a penāthis time keeping in place a lower-court order blocking President Trumpās attempt to federalize and deploy National Guard forces to protect besieged immigration enforcement operations in and around Chicago.
š¶ļø The point was that a republic cannot outsource its highest political judgments to a tribunal without hollowing out self-government. Put those threads togetherāCiceroās salus populi, Aquinasā equity, Lockeās prerogative, Hamiltonās executive energy, Jeffersonās coordinate construction, Jacksonās independence, Lincolnās warningāand you get a tradition that modern progressives and libertarians alike often deny ...
This is no longer a red-versus-blue spectator sport or partisan cheerleading exercise. The macro reality is brutally apolitical. The United States is functionally bankrupt, as Ron Paul has warned for decades, and the evidence is now manifesting in collapsing purchasing power. The price of acquiring real moneyāgold and silverāhas surged roughly 200% in just two years, a silent tax that represents systemic looting via monetary debasement. We are drifting toward a sovereign debt crisis unprecedented in the entire history of fiat currency regimes. Even conservative frameworks, like Jim Rickardsā back-of-the-napkin gold revaluation tied to balance-sheet realities, imply a potential trajectory toward $27,000 per ounce. You donāt need to be a āgold bugā to recognize risk management: allocating even 10% of depreciating Federal Reserve notes into real money is simple capital preservation. Itās not about upside speculationāitās about avoiding total annihilation if real money ...