Before I ask “What am I missing?” for the third time, let me state a few facts. What we currently have is a national debt of over $26 trillion at a time when the GDP is in a rapid decline as well as tax receipts in general. Unfortunately, the only real growth we are witnessing is that of escalating debt.
It is a rather glaring fact that it took the U.S. four years after the collapse of Lehman Brothers to grow the debt to $3 trillion. However, it has only taken four months this year to grow the debt another $3 trillion. Furthermore, the increase of debt continues an exponential rise.
Speaking of an exponential rise, the U.S. deficit in July topped $850 billion—meaning the Congressional BudgetOffice is forecasting over a $3 trillion deficit for 2020.
What is now a certainty is that the potential for hyperinflation grows in intensity with each passing of every congressional spending bill. What is also a certainty is that prior to the outbreak of a dol...
To view the rest of this article, you must log in. If you do not have an account with us, please subscribe here.