Good morning.
US debt now stands at $35.3 trillion. If we were to return to 0% interest and make payments of $1 million per hour, it would take approximately 4,023 years, or until the year 6,047, to bring the debt back down to zero.
Have a great day.
Replies (45)
Hey the sun is out in Ireland for the first time this year so I’d appreciate you letting me have this 😢
If it was about paying off the debt, it would have happened by now.
If it was about central bankers extracting value through dilution of an infinitly printable currency from average workers incomes and paychecks, then it would go up forever.
There is no limit to how much money they can print, or borrow.
There are 2 kinds of people: those who have escaped the failing system and those who will.
That's how distorted the system is. It's a shame how we're consuming the future of our descendants 😢.
Bitcoin fixes this. 🧡⚡️
Reminding me the government is gonna make it rain. *Inserts powell money printing gif*
My bag of BTC just said “L F GROW!!!”
I ran out of tears several years ago.
@Lyn Alden would like the ending of this note 😂
It’s just missing the “anyways…”
If Congress would commit to the idea that paying the debt down was something they should do, it would happen. But they are convinced that the debt is the source of our strength, instead of the instrument of our destruction.
I love these, James. It’s kinda like a good morning, followed by a slap across the face! Wake the **** up everyone!!
The Clinton Administration was paying down the debt. Then W and the Republicans came in and reckt the Democrats’ progress. Look it up.
GM, I am going to stack more Sats!
😆🫶
🎯
I am imperfect 😉
Gm
Love this new format to your posts. Simple and to the point and very impactful.
The only way the US gets out is by printing a lot, fast.
Debasement is their only escape.
The playbook hasn't changed since the 40s.
Extract, inflate, collapse, repeat.
Just add some zeros to every dollar bill solve this problem, easy way out…
I will always have tears for the Americans...Most of the people simply have NO IDEA.....I am not American and yet, I know what could have been............. and it is WAY to late now.....
So, the US will actually pay off it's debt - "EVENTUALLY" LOL
Debt crisis will be huge and bloody. Not only US at risk. Many countries doing the same, and their payments is growing to a shrinking GDP.
Good evening #nostr
I love those notes...
James Lavish
Good morning.
US debt now stands at $35.3 trillion. If we were to return to 0% interest and make payments of $1 million per hour, it would take approximately 4,023 years, or until the year 6,047, to bring the debt back down to zero.
Have a great day.
View quoted note →
Woah!!!!! Now that’s perspective ⚡️
To sum up: USD has to hyperinflate and be replaced sooner then later.
These stats are just astonishing. Insolvent debt? 🤷♀️
Please keep on mathing. Really helps with perspective
The only way out is inflation!
Do you have any tips or best practices you'd recommend for someone just getting started with it Excited to share that I got you covered with exclusive crypto insights, investment tips, free beginner-friendly courses and a Q&A sessions where I answer questions in details.
Let's connect one-on-one and explore the exciting world of Bitcoin ⏬.
Do you have any tips or best practices you'd recommend for someone just getting started with it Excited to share that I got you covered with exclusive crypto insights, investment tips, free beginner-friendly courses and a Q&A sessions where I answer questions in details.
Let's connect one-on-one and explore the exciting world of Bitcoin ⏬.
I like to convert everything to billion because you can do the math in your head. For example, ($35k billion) / (1/3 billion US population) = $105k per US citizen. I do math like this all the time in my head. US population is roughly 1/3 billion.
Got Bitcoin?
Have a great day.
If you like the current debt, you'll LOVE the unfunded liabilities for the next 75 years!
😂😂😂😂😂😂
And the USA is the best horse in the glue factory???? Ha, ha, ha! Oh boy, is Australia in trouble. P.S. Missing Greg Foss, is he here on Nostr?
A trillion is such a large unit of measure that is incomprehensible to the average person. But, when a trillion is used in the context of more frequently understood units of measure (hours, years, etc) it quickly reveals just how gigantic a trillion is.
Thank you
@James Lavish for putting $35.3 trillion of US debt into context for us.
View quoted note →Bullish on the year 6047!!
View quoted note →ever think about changing your last name? (*_*) t-y James
Sounds like a plan! 👏🏻
agreed - we're in deep trouble here. Non productive economy propped up by real estate
We could pay it down and even pay it off. But Congress refuses to even try.
TBF, that's a shorter time than my Bitaxe miner will take to make it's first payout 😂
