Best of the Week
Most Popular
1.US Paving the Way for Massive First Strike on North Korea Nuclear and Missile Infrastructure - Nadeem_Walayat
2.Trump Reset: US War With China, North Korea Nuclear Flashpoint - Video - Nadeem_Walayat
3.Silver Junior Mining Stocks 2017 Q2 Fundamentals - Zeal_LLC
4.Soaring Inflation Plunges UK Economy Into Stagflation, Triggers Government Pay Cap Panic! - Nadeem_Walayat
5.The Bitcoin Blueprint To Your Financial Freedom - Sean Keyes
6.North Korea 'Begging for War', 'Enough is Enough', is a US Nuclear Strike Imminent? - Nadeem_Walayat
7.Bitcoin Hits All-Time High and Smashes Through $5,000 As Gold Shows Continued Strength - Jeff_Berwick
8.2017 is NOT "Just Another Year" for the Stock Market: Here's Why - EWI
9.Gold : The Anatomy of the Bottoming Process - Rambus_Chartology
10.Bitcoin Falls 20% as Mobius and Chinese Regulators Warn - GoldCore
Last 7 days
Comfortably Numb: Surviving the Assault on Silver - 17th Oct 17
Are Amey Street Tree Felling's Devaluing Sheffield House Prices? - 17th Oct 17
12 Real-Life Techniques That Will Make You a Better Trader Now - 17th Oct 17
Warren Buffett Predicting Dow One Million - Being Bold Or Overly Cautious? - 17th Oct 17
Globalization is Poverty - 17th Oct 17
Boomers Are Not Saving Enough for Retirement, Neither Is the Government - 16th Oct 17
Stock Market Trading Dow Theory - 16th Oct 17
Stocks Slightly Higher as They Set New Record Highs - 16th Oct 17
Why is Big Data is so Important for Casino Player Acquisition and Retention - 16th Oct 17
How Investors Can Play The Bitcoin Boom - 16th Oct 17
Who Will Be the Next Fed Chief - And Why It Matters  - 16th Oct 17
Stock Market Only Minor Top Ahead - 16th Oct 17
Precious Metals Sector is on Major Buy Signal - 16th Oct 17
Really Bad Ideas - The Fed Should Have And Defend An Inflation Target - 16th Oct 17
The Bullish Chartology for Gold - 15th Oct 17
Wikileaks Mocking US Government Over Bitcoin Shows Why There Is No Stopping Bitcoin - 15th Oct 17
How to Wipe Out Puerto Rico's Debt Without Hurting Bondholders - 15th Oct 17
Gold And Silver – Think Prices Are Manipulated? Look In The Mirror! - 15th Oct 17
Q4 Pivot View for Stocks and Gold - 14th Oct 17
Gold Mining Stocks Q3’17 Preview - 14th Oct 17
U.S. Mint Gold Coin Sales and VIX Point To Increased Market Volatility and Higher Gold - 14th Oct 17
Yuan and Gold - 14th Oct 17
Tips for Avoiding a Debt Meltdown - 14th Oct 17
Bitcoin Hits New All-Time High Above $5,000 As Lagarde Concedes Defeat and Jamie Demon Shuts Up - 13th Oct 17
Golden Age for GOLD, Dark Age for the Stock Market - 13th Oct 17
The Struggle for Bolivia Is About to Begin - 13th Oct 17
3 Reasons to Take Your Invoicing Process Mobile - 13th Oct 17
What Happens When Amey Fells All of a Streets Trees (Sheffield Tree Fellings) - Video - 13th Oct 17
Stock Market Charts Show Smart Money And Dumb Money Are Moving In Opposite Directions—Here’s Why - 12th Oct 17
Your Pension Is a Lie: There’s $210 Trillion of Liabilities Our Government Can’t Fulfill - 12th Oct 17
Two Highly Recommended Books from Bob Prechter - 12th Oct 17
Turning Point Nations On The Stage - 11th Oct 17
The Profoundly Personal Impact Of The National Debt On Our Retirements - 11th Oct 17
Gold and Silver Report – Several Interesting Charts - 10th Oct 17
London House Prices Are Falling – Time to Buckle Up - 10th Oct 17
The S&P Is A Bloated Corpse - 10th Oct 17
Are Gold and the US Dollar Rallying Together? - 10th Oct 17

Market Oracle FREE Newsletter

3 Videos + 8 Charts = Opportunities You Need to See - Free

US Drowning in Debt, Surpasses $20 Trillion As Bankruptcy and Hyperinflation Loom Closer

Interest-Rates / US Debt Sep 14, 2017 - 10:44 AM GMT

By: Jeff_Berwick

Interest-Rates

The US government finally surpassed the long anticipated $20 trillion national debt mark on Friday the 8th.

Oh, I don’t say “finally” because they had so restricted their expenditures that it was taking longer than expected. That’s far from the case!

In fact, under globalist, Donald “Big Government” Trump, the federal government had its largest deficit month in history in June topping $400 billion for the first time.


The only reason it took this long to hit the big $20 trillion was due to a multitude of accounting tricks in order to put off acknowledging the expenditures until now in order to meet the debt ceiling… which I actually call the debt target, because they hit it every time.

How’s that for a chart? Does that look, in any way, sustainable? The short answer is, NO, OF COURSE NOT.

But, what else would you expect from a government who routinely loses trillions of dollars. Like that time Donald Rumsfeld announced the Pentagram (they call it the Pentagon) was missing $2.3 trillion on September 10th, 2001.

The next day, the accounting department at the Pentagon blew up and no one asked about it again.

Even the US government’s own auditors haven’t been able to audit their books properly for more than 20 years because it was deemed too vast to account for. Yes, too vast! Here’s a pro tip… if you have the largest government in the world, with the highest level of extortion (taxation), highest levels of debt and the most people in concentration camps… you aren’t the “land of the free.”

But now that the US government has admitted to $20 trillion in debt, what does this mean?

Well, first, that isn’t even close to the total debt and liabilities of the US government. When you take into account money already spent on Socialist InSecurity and Medicare, the total amount of debt and liabilities amounts to somewhere between $100 and $220 trillion.

And yes, there is about $100 trillion give or take that is hard to account for!

But, even if the lowest estimate of $100 trillion is used, that is still over $300,000 for every man, woman, and child in the US! Even a baby unlucky enough to be born today in the USSA is saddled with more than a quarter of a million dollars worth of debt.

Many Trump supporters say the exact same thing every President’s supporters say once he is in office… It isn’t his fault… It was the last guy.

To some extent that is true… But, there is absolutely nothing being done to reign in the spending of the US government by Trump. In fact, as I pointed out, it has only increased under his tyrannical regime. Exactly as I said it would.

This is the never-ending game of politics, to keep making things worse and worse and to keep people hoping for a change that never comes as the boot stamps down on their face, forever.

There will NEVER be change until people stop paying their extortion fees (called taxes) and stop obeying the illegitimate authority of government.

Government is nothing but a criminal organization. The only difference between it and the mafia is size.

And the only reason some people haven’t figured this out yet is because they are “taught” as children in the government indoctrination camps, doing their daily Pledge of Obedience and worshipping the flag from the age of five.

The only other way this tyrannical organization can be stopped is if/when it goes completely bankrupt and its fiat scrip, the US dollar, becomes worthless because of hyperinflation.

Because, after all, with $20 trillion in debt, if interest rates were allowed to rise to even 10%, that would mean $2 trillion per year in interest payments… which is almost the entire tax/extortion/theft based revenue of the murderous US government.

At that point the dollar will hyperinflate in order to keep the game going for just a few more months. And then, total collapse.

It’s actually been planned for decades and we are nearing the end game right now. In fact, it may begin this month. Stay tuned to this blog (make sure to subscribe to our free email list on our home page to get them emailed directly to you as most social media continues to block our content) as I’ll soon be releasing some information that indicates the total collapse could begin as soon as this month.

If you’d like to find out more information on not only surviving, but prospering during this collapse, make sure to check out Max Wright’s free webinar here. He goes over why the crash is coming and how you can protect yourself from it and even make massive profits through it.

The webinar is free and has some excellent information in it. It is only offered to a limited number of people and for a limited time, but you can get access to it HERE if you act immediately.

I suggest you do because if you still have not prepared for the coming collapse, then you are really leaving things until the last second. I expect things to begin to go off the rails as soon as this month.

Stay tuned here for more information in the coming days.

Anarcho-Capitalist.  Libertarian.  Freedom fighter against mankind’s two biggest enemies, the State and the Central Banks.  Jeff Berwick is the founder of The Dollar Vigilante, CEO of TDV Media & Services and host of the popular video podcast, Anarchast.  Jeff is a prominent speaker at many of the world’s freedom, investment and gold conferences as well as regularly in the media.

© 2017 Copyright Jeff Berwick - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

Jeff Berwick Archive

© 2005-2017 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

Catching a Falling Financial Knife