US Debt is unsustainable

Welcome to the Precious Metals Bug Forums

Welcome to the PMBug forums - a watering hole for folks interested in gold, silver, precious metals, sound money, investing, market and economic news, central bank monetary policies, politics and more. You can visit the forum page to see the list of forum nodes (categories/rooms) for topics.

Why not register an account and join the discussions? When you register an account and log in, you may enjoy additional benefits including no Google ads, market data/charts, access to trade/barter with the community and much more. Registering an account is free - you have nothing to lose!

pmbug

pmbug

Your Host
Administrator
Benefactor
Messages
14,402
Reaction score
4,543
Points
268
Location
Texas
United-States
The American Reality Check thread is already too long. This seems like a good point for a clean break:

The United States is almost certainly on an unsustainable path with regard to the astronomic rise in its national debt, according to a million simulations run by Bloomberg.

Bloomberg reported Tuesday that it conducted a million simulations on the U.S. debt outlook and found 88% of them show borrowing is on an "unsustainable path."

The findings come after a forecast by the Congressional Budget Office that indicates the national debt will grow to an astonishing $54 trillion in the next decade, the result of an aging population and rising federal health care costs. Higher interest rates are also compounding the pain of higher debt.
...
Click to expand...

www.foxbusiness.com

A million simulations show US debt is on an 'unsustainable' path

The U.S. is on an "unsustainable" course with regard to its debt-to-GDP ratio, which is expected to hit 123% in 2024, according to a million simulations.
www.foxbusiness.com www.foxbusiness.com

It's not some surprising, groundbreaking news to folks around here, but it is a bit surprising to see this broadcast in the MSM. Are folks really surprised that gold is rising given the circumstances?
 
giphy.gif
 
The Fed/govco creature must have reached the point of no return. Any tells that the fancy toilet paper is coming home?
 
They might be setting up Trump to be the bag holder?
 
The gov just needs to force all 401k's and IRA's to be fully invested in government securities. Easy peasy!

As of December 31, 2022, a total of $37.8 trillion was held in U.S. retirement plans and accounts, of which $26.3 trillion was in employer-sponsored plans and $11.5 trillion was in IRAs.


Should be even higher now.


Edited to add: Everyone say it with me now, "Enron nation". lol
 
Joe King said:
The gov just needs to force all 401k's and IRA's to be fully invested in government securities. Easy peasy!

As of December 31, 2022, a total of $37.8 trillion was held in U.S. retirement plans and accounts, of which $26.3 trillion was in employer-sponsored plans and $11.5 trillion was in IRAs.


Should be even higher now.


Edited to add: Everyone say it with me now, "Enron nation". lol
Click to expand...

This isn't even a discussion, at some point they WILL raid these funds. Hell people in Australia think that the compulsory superannuation scheme was set up as a means to provide a source of funds post retirement independent of the pension. Little did they know that govco was setting up a future slush fund, to be picked clean at a date and time of its choosing; the legislation even hints at it.
 
chieftain said:
govco was setting up a future slush fund, to be picked clean at a date and time of its choosing; the legislation even hints at it.
Click to expand...
That's the only thing a government could do with the money.
 
nickndfl said:
They might be setting up Trump to be the bag holder?
Click to expand...
They already tried that.

Remember how the celebutards were all babbling about how NO! EFFIN'! WAY!! would they EVER take the "Trump Vaccine." They were doing that because they were told, or signalled by handlers or operatives, to say that. They didn't know why; they're mostly too stupid to ask.

But it was all set for the Jab to be sprung just after the election, and the Big Cull to start immediately. Just ask Tiffany Dover.

But...with the unexpected success of the Big Steal, all of a sudden it WASN'T Trump's vaxx; and after a year of hourly Covid Body Counts, it's...what fatalities? WHAT heart attacks? Strokes? Climb Ate Change! Don't you know NUFFIN!

Yeah, Trump dodged that one. Had he been able to defend his factual victory, he'd have been indicted in DC for a million counts of homicide, now.

I'm supporting Trump, in the coming election. But I wonder, how he's going to protect himself THIS time...and why the hell is he even bothering.
 
chieftain said:
... at some point they WILL raid these funds. ...
Click to expand...

Trial balloons for this are what started this thread:

www.pmbug.com

Warning to pensioners

... The big money manager - Blackrock (many of you probably have retirment funds being managed by Blackrock) - has been accumulating a giant position in Italian Government bonds. ... If you have retirement funds being kept by your advisor or pension plan at Blackrock, you might want to think...
www.pmbug.com www.pmbug.com
 
^^^ that wouldn't work, as the people it would affect are also the ones who would be required to enact it into law.
 
You must log in or register to reply here.
Back
Top Bottom