by Chris Black
Did we really add over ten trillion in productive output in the last four years?
Not a chance in hell.
US Debt Hits A Record $34.001 Trillion t.co/dxPJis0m81
— zerohedge (@zerohedge) January 3, 2024
It will be $35T by the end of the month, it’s exponential, it will keep rising at a faster rate until the dollar collapses.
There is no way out, it’s inevitable.
GDP growth has been below the rate of inflation since Biden took office, which by definition means the economy shrank on an equal basis.
The job market only looks strong due to a record number of people outside the labor force.
Welfare actually pays better than 60% of the jobs in America, that is why there are over 6 million available jobs.
You could take one, but not be able to afford to live anywhere or eat.
Trailer park homes are selling for $250k in Midwest towns.
Perhaps the roaring 20s is a good analogy.
The 1920s was entirely fake, built on debt and the expansion of credit, followed by a global depression that took a world war with millions of deaths to pull out.
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