🔁 The Great Debt Spiral: Borrow, Print, Repeat In FY2024, America paid $879.9B in interest on its debt—more than Medicare ($874.1B) or national defense ($873.5B). Interest is now the third-largest federal expense, eating up 13% of all spending (and more than a fifth of the revenue, since spending > income). After decades of cheap borrowing, the Fed’s rate hikes since 2022 have doubled the average rate on U.S. debt to 3.35%. The cost of money has come roaring back—and Washington isn’t ready. Here’s the uncomfortable truth: Cutting spending and raising taxes is politically toxic. Lower rates and money printing are politically easy. Inflation will erode the debt, but at the cost of dollar credibility. If investors start dumping Treasuries, what’s left? There’s no alternative reserve currency. The only safe haven left may be gold. Source: Pew
Thanks a lot for sharing this Damir
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Thanks for sharing Damir !
I Really love reading your posts Damir - thank you
That looks interesting, thanks for sharing Damir !
Cool read 🙌
Well said Damir - thx for sharing this post!
good post Damir !
Nice
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3dReally interesting Damir ! Thank you.