This is not Apple, Tesla or even Nvidia.
This is interest payments on the US national debt of $36 trillion.
We now pay nearly $1.2 trillion per year in interest on the debt, about 23% of all taxes, tariffs and fees collected by the US govt goes to paying interest on the debt. pic.twitter.com/UoMe8MbZKL
— Wall Street Mav (@WallStreetMav) October 21, 2024
Democrats are massively outspending Republicans, have almost the entire legacy & online media supporting them and almost all of Hollywood.
And they’re still losing 🤣🤣 https://t.co/Px6ocVtQFD
— Elon Musk (@elonmusk) October 21, 2024
The gold meltup continues, touching a new all time high of $2740 earlier, but it's silver that is stealing the show now, spiking to a 12 year high of $34 earlier today pic.twitter.com/tCUuWYwUpP
— zerohedge (@zerohedge) October 21, 2024
You can't make this up:
Total US debt has jumped by $473 BILLION over the last 3 weeks alone, to a record $35.8 trillion.
This means the US has taken on $1,450 of debt for EVERY American over the last 3 weeks alone.
It also means that the US now holds a record $103,700 of debt… pic.twitter.com/0ocgYe56A5
— The Kobeissi Letter (@KobeissiLetter) October 21, 2024
Fiscal 2024 reveals a doom loop: $882 billion in interest exceeds $874 billion for defense.
Treasury figures for fiscal 2024 just released:
Interest on debt: $882 billion
National defense: $874 billion
That's all folks. You can't borrow your way out of a debt crisis. You can't fund defense with deficits when interest payments cost more than defense. It's a doom loop. pic.twitter.com/IlXT7umi1q— Jim Rickards (@JamesGRickards) October 21, 2024