

Rod Skyles: The Unconventional Economist
25.4K posts

@10skyles
We may ignore, but we can nowhere evade, the presence of God. The world is crowded with Him. He walks everywhere incognito. — C.S. Lewis












🇺🇸 Here's what $39 trillion in debt really means: If we confiscated every dollar of U.S. corporate profit ($3.8T/year), it would take over 10 years to pay off. Sell every ounce of gold ever mined: $32 trillion. Still $7 trillion short. Liquidate every Bitcoin in existence on top of that: $33.5 trillion. Still $5.5 trillion short. If we confiscated every dollar of federal tax revenue ($5.3T/year), it would take over 7 years to pay off, assuming zero spending. The debt is 71% of every home in America, or 30% of every publicly traded company on Earth. The debt grows by $7.2 billion a day, or $84,000 a second. This is a problem.







The national debt just exceeded 100% of GDP for the first time since 1946, per WSJ





