Oddbean new post about login | logout Anyone else see the Apollo report: 31% of all US gov’t debt outstanding matures w/in 12mo. Essentially the govt will need to come up with 10 trillion dollars in 12 mo. So, what’s the next plandemic?
This is only a problem when you don't settle debt in your own currency (The US does).
Ten trillion leaving the system is a big problem.
It's hard to find up to date data comparing what the US owes vs what it is owed but here is an old chart showing the US owed more than it owes. https://www.titlemax.com/discovery-center/money-finance/debts-owed-by-the-us-and-owed-to-the-us/#:~:text=Then%20there%20are%20the%20countries,part%20of%20doing%20international%20business. I believe this has reversed (though cannot directly confirm that) but the gap is not as large as you would think as almost all countries have seen their debt blow out. the 32.8T is not a number once the debt owed to the US is removed, but you will be hard pressed to find a reference making that clear. Nobody was saying the US was in the black in 2015 were they?
You’re missing the point. In 12mo we have two options. Let 10trillion roll off the balance sheet creating massive deflation, or print another 10 trillion. Neither option is appealing but we know that when the gov’t has a chance to print, they will. So, back to the most important question. What plandemic is in the works and will be rolled out in 6mo? (Coinciding with elections…. 😳)
Needs to be scary and easily faked. A few localized, small but terrifying scenes. Natural disasters are not enough to convince us of climate change, right?
Small but terrifying won’t work. Large and terrifying will. Probably an alien attack that “forces us to spend a lot of money on DEI to fight off the aliens and build a Tranny Captain Planet.”
Govt / central banks nedd that money to go out and do stuff, like pay for actual goods and services they do not have. The real plan is to steal these goods and services
Whoa
10 is nothing these days.. they’ll print that in our sleep.. Next plandemic is aliens. Congress and the gif will ‘reveal’ what they know. We will need a lot of $$ for research, defense, space travel, medical and biological studies, etcetc, $100tril, wait for it..
10 is still 1/3rd of all govt debt
Is that it?? We need to be in much more debt. $50k by EoY!
War. The best and most profitable government business is always war.
What type of war will allow the people to be ok with printing 10 trillion in 12mo?
Well, if the Iraqi war allegedly costs more then 1 trillion dollars, then you can imagine that war with China would costs more then 10 trillion. But war between US and China basically means World war III. https://en.wikipedia.org/wiki/War_finance
The level of government debt maturing within a year is indeed a significant financial challenge. It's crucial for policymakers to address this issue responsibly. Speculation about future events should be based on informed analysis and discussion. Let's hope for responsible fiscal management to navigate these financial waters effectively.
Drop interest rates to 0 so they can roll it over. Historically a recession is a good enough reason to do that.
Still have to have a reason to roll it over.