"Total US debt has jumped by $473 BILLION over the last 3 weeks alone, to a record $35.8 trillion.
This means the US has taken on $1,450 of debt for EVERY American over the last 3 weeks alone."
Kobeiessi letter
What a setup!
Excerpt From financial astrologer Ray Merryman’s weekly summary last week:
U.S. receipts for the 2024 fiscal year hit a record $4.919 trillion, up 11%, or $479 billion, from a year earlier. (Yet) the U.S. budget deficit grew to $1.833 trillion for fiscal 2024, the highest outside of the COVID-19 era.
—David Lawder, “US Budget Deficit Tops $1.8 Trillion in Fiscal 2024,” Reuters, October 18, 2024.
Yes, you read that last quote correctly. The U.S. tax receipts reached a record 4.919 trillion, up 11% from a year earlier. Yet the U.S. budget deficit rose by a whopping $1.8 trillion. The U.S. doesn’t have a tax problem. It has a spending problem. The government is not wisely performing its fiduciary role of managing the nation’s finances. How can you spend $1.8 trillion more than you take in when your receipts are at record levels and 11% higher than the prior year? Although these figures apply to the U.S., the behavior has been similar under other governments since the COVID-19 pandemic of 2020.
That’s the way I interpret it. But worldwide was the surprise for me. Or maybe moving out ov goes to private hands.
@myrna I'm not sure there are lines anymore... or that there ever was! But for today, things are less murky if you consider this is a global thing... with veneer tacked on, which is now being dropped. Dropping the facade, I mean.
It's totally set to collapse and has been, presumably to usher in cbdc / global id or whatever.
In fact, if you want a heuristic method, consider anytime anyone says, "global", it's part of this push for global governance, via the internet, which was discussed with me in detail, more then 20 years ago.
Not to say they will succeed. They may. But they may not.