We’re crossing the monetary event horizon.

In October 2023 for the first time ever Bloomberg reported that gross interest expense on the national debt crossed $1 trillion a year.

That figure has been steadily rising this year as well, hitting 1.2T.

If we refinance all the debt at current interest rates, the total interest expense would be north of 1.7 trillion , or over 40% of federal tax receipts.

As the debt continues this parabolic growth path , the interest expense will rise exponentially until it dwarfs tax receipts at which point the debt will functionally be impossible to pay off.

In the dark expanse of space, no one can hear you scream. https://image.nostr.build/06f7e74f20cba7736a09c8d68d34b8ce7b4a1053fac642b802426825176b8096.jpg  

 Taxes are going to go up a lot, not that that’s going to make any difference, but hey 🥴🫠 

 This is a great chart.
Thanks for all your content, your latest article on gold as a liquidity leader was awesome. 

 Thank you! And thanks for the sats ⚡️