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Insolvency

🇺🇸 The Treasury just declared the U.S. insolvent. The media missed it

The U.S. government is insolvent. That’s not hyperbole — it’s the conclusion drawn directly from the Treasury Department’s own consolidated financial statements for fiscal year 2025, released last week to near-total media silence. The numbers: $6.06 trillion in total assets against $47.78 trillion in total liabilities as of September 30, 2025.

Importantly, the $47.78 trillion in reported liabilities does not include the unfunded obligations of social insurance programs like Social Security and Medicare — those are disclosed separately in the off-balance-sheet Statement of Social Insurance (SOSI).

The government’s consolidated balance sheet position, excluding the SOSI, deteriorated by nearly $2.07 trillion between FY 2024 and FY 2025, reaching a staggering negative $41.72 trillion. Total liabilities are now nearly eight times the value of reported assets. The largest drivers were a $2 trillion increase in federal debt and interest payable (now $30.33 trillion) and a $438.8 billion increase in federal employee and veteran benefits payable (now $15.47 trillion).

The off-balance-sheet picture is even more alarming. The 75-year unfunded social insurance obligation surged by $10.1 trillion in a single year, rising from $78.3 trillion in FY 2024 to $88.4 trillion in FY 2025 — driven primarily by a $6.9 trillion jump in projected Medicare Part B shortfalls and a $2.5 trillion increase for Social Security. The Treasury’s Statement of Long-Term Fiscal Projections shows the 75-year fiscal gap widening from 4.3% of GDP in FY 2024 to 4.7% in FY 2025.

If the $88.4 trillion in 75-year off-balance-sheet obligations were added to the $47.8 trillion in official balance sheet liabilities, total federal obligations would now exceed $136.2 trillion — roughly five times U.S. annual GDP.

🔗 https://fortune.com/2026/03/23/us-government-insolvent-fiscal-crisis-fix/

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Deployment

🇮🇷❌🇺🇸 - Are U.S. ground troops being prepared for operations against #Iran? – An Iranian assessment

🔹 Recent flight tracking data shows a number of U.S. passenger and cargo aircraft moving from bases such as Eglin Air Force Base, Fort Bliss, and Fort Liberty toward Camp Lemonnier in Djibouti. These bases are associated with special forces, airborne units, and combat aviation, which has drawn attention in Iranian analytical circles.

🔹 In parallel, earlier reports about the cancellation of a training exercise by the 82nd Airborne Division are interpreted as a possible indicator that certain rapid deployment units may have been placed on standby for operations in the region.

🔹 At the same time, the movement of amphibious forces – particularly the Boxer and Tripoli groups – has reinforced speculation that a sizable number of U.S. Marines could now be positioned in or near the battlefield, although the exact composition of these forces remains unclear.

🔹 Within this context, ...

Ammmo

🇺🇸 The U.S. Ammo Shortage Is Worse Than You Think

The conflict with Iran is an urgent reminder that the U.S. needs a defense industrial base that can wage a high-intensity war against American adversaries—especially China. The Trump administration has taken important steps to increase production of some munitions, reform an antiquated acquisition system, and establish incentives for private-sector innovation. It is critical now to accelerate these changes.

Military planners should be particularly worried about China, which has vastly superior capabilities to Iran. The Chinese industrial base, which is on a wartime footing, has produced thousands of hypersonic, cruise and ballistic missiles capable of precision strikes, along with millions of drones. U.S. bases, aircraft, naval vessels and other infrastructure operating within the First Island Chain—which extends south from Japan through Taiwan, the northern Philippines and Borneo—are highly vulnerable to attack.

The Chinese ...

🛢 Oil prices to rise further on Monday as Mideast war escalates

Oil prices look set to rise further on Monday, having closed before the ‌weekend at their highest in nearly four years, after U.S. and Iranian threats to target energy facilities, analysts said on Sunday.

U.S. President Donald Trump on Saturday threatened to "obliterate" Iran's power plants if Tehran did not fully reopen the Strait of Hormuz ​within 48 hours, a significant escalation barely a day after he talked about "winding down" the ​war, now in its fourth week.

Iran warned on Sunday it would attack U.S.-linked infrastructure, ⁠including energy and desalination facilities in the Gulf, if Trump carried out his threat.

On Friday, Brent ​futures for May settled up 3.26% at $112.19 a barrel, the highest since July 2022.

"President Trump's threat has now ​placed a 48-hour ticking time bomb of elevated uncertainty over markets," said IG market analyst Tony Sycamore. If the ultimatum is not walked back, oil ...

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