American debt increasing at $1,000,000. every 40 seconds ;
thats $90 mil every minute; $5.4 billion every hour
or $129.6 billion a day. This, IMO, is unsustainable and
something has to give:
https://www.usdebtclock.org
Without the computerised credit machine, this would
not have been possible with a real money printing press !
This is why, IMO, America will instigate WW3 rather than admit
that it is going bankrupt .(the Nuke solution for an economic problem ! )
Here is an historical chart of US Government debt of which the 2021
trails the real time Debt Clock by over $1 trillion:
https://www.thebalance.com/national-debt-by-year-compared-to-gdp-and-major-events-3306287
Notice the preamble to above which states that during a recession that Government debt increases.
During the Trump regime the National Debt increased at $2 Trillion a year or nearly 10%
of GDP yet Trump or even his Trumphards on these threads never mentioned the US "R" word .
I wonder why?
https://www.thebalance.com/national-debt-by-year-compared-to-gdp-and-major-events-3306287
The current US Government debt to ratio is now the highest its ever been
(119% of GDP at the end of WW2 & now 122% of GDP and growing rapidly)
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