🔹$33 trillion of federal debt
🔹$70 trillion of combined government, corporate and household debt
🔹$1 trillion of annual interest payments on debt
🔹$1 trillion of annual trade deficit
🔹$1 trillion of credit card debt with 20% interest rates
🔹Massive housing bubble
🔹Stock market inflated by financial engineering
🔹$600 trillion of derivatives – fugazi – pretending to be assets of banks
🔹All wealth effect induced by dollar’s temporary status as global reserve currency
Video of US economy:
🔹$33 trillion of federal debt
🔹$70 trillion of combined government, corporate and household debt
🔹$1 trillion of annual interest payments on debt
🔹$1 trillion of annual trade deficit
🔹$1 trillion of credit card debt with 20% interest rates
🔹Massive… pic.twitter.com/gEMe69s3xD— S.L. Kanthan (@Kanthan2030) August 18, 2023