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MAGA: Any small issue with US debt and it'll be thermonuclear reaction
  • The amount due in the next 12 months is $7340 billions, or approximately 25.8 normalized monthly US budget revenues.

    Of these, $3995 billions will mature in the next 3 months - the normalized US budget income in 14 months.

    It present FED road looks like very thin hair, any error in balancing on it - and it'll be huge deflation and economic collapse or huge inflation and... economic collapse.

  • 11 Replies sorted by
  • USA has a printing press. As long as the debt is marked in USD, it will simply be rolled over. You cannot have a debt problem as the nations debt is in the local currency.

  • @zcream

    You cannot have a debt problem as the nations debt is in the local currency.

    It is not purely technically debt problem - it is trust problem.

    Any small error now - and system will become unstable and with each new day they need more intense bubbles to store imbalances.

    Main issue is that it is tiny amount of people who are becoming "richer", they are more and more distant from all other society. And it is harder for system to contain newly made virtual dollars.

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    Machine can't stop.

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  • Budget issues

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  • A sophisticated hacking group backed by a foreign government stole information from the U.S. Treasury Department and a U.S. agency responsible for deciding policy around the internet and telecommunications, according to people familiar with the matter.

    Seems like we are close.

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  • Trade balance don't help at all as US is using new debt to cover it

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  • The deficit of the US state budget in December increased by 10.8 times in annual terms and amounted to a record $143.562 billion for this month, the country's finance ministry said. In December 2019, the figure was $13.286 billion.

    Budget revenues increased last month by 3.1% - to $346.119 billion compared to $ 335.805 billion a year earlier. Meanwhile, spending jumped 40.3% to $489.682 billion from $ 349.091 billion in December 2019. This is mainly due to the measures of the government of the country to keep the economy afloat amid the COVID-19 pandemic, as well as the costs of developing a vaccine against coronavirus infection.