US Debt Crisis - will this get out of control (03 Apr 2023)
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...