My Investing Muse

  From Twitter User The Kobeissi Letter Total U.S. Debt by Year (Inflation Adjusted): - 1920: $400 billion - 1930: $300 billion - 1940: $900 billion - 1950: $3.2 trillion - 1960: $2.9 trillion - 1970: $2.8 trillion - 1980: $3.2 trillion - 1990: $7.2 trillion - 1995: $9.6 trillion - 2000: $9.7 trillion - 2005: $11.8 trillion - 2010: $18.4 trillion - 2015: $22.6 trillion - 2020: $30.7 trillion - 2022: $31.5 trillion On an inflation-adjusted basis, it took the U.S. 224 years to hit $10 trillion in debt. In the last 20 years alone, over $21 trillion in debt has been added. Meanwhile, U.S. debt is expected to hit $51 trillion by 2033, adding another $20 trillion in 10 years. Debt crisis is an understatement . Chart: U.S. National Debt Surpasses $31 Trillion | Statista My investing muse USD is the current world reserve currency. If they continue to have debt ceiling issues, this erodes the confidence in their currency. Will the other countries continue to be US-issued bonds? What happens...

  US Debt Ceiling The debt ceiling is a legal limit on the amount of money that the United States government can borrow. If the debt ceiling is not raised, the government will not be able to borrow any more money and will eventually run out of cash to pay its bills. This could have a number of negative consequences, including: A government shutdown: If the government runs out of money, it will not be able to pay its employees or continue essential services. This could lead to a government shutdown, which would have a significant impact on the economy. A default on U.S. debt: If the government cannot borrow any more money, it may be forced to default on its debt. This would have a devastating impact on the economy and could lead to a global financial crisis. A loss of confidence in the U.S. government: If the government defaults on its debt, it will lose the confidence of investors around the world. This could make it more difficult for the government to borrow money in the future a...