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@Bitcoin_Teddy Jesus math to make 1 trillion feel real to a human brain and even then it barely works
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@Bitcoin_Teddy Used to huge numbers that I don't know implications anymore
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@Bitcoin_Teddy $38 trillion doesn’t feel real until someone does the math like this.
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@Bitcoin_Teddy Fast-growing debt + compounding interest ,bigger interest expense and slowing economy and labor,,,......
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@Bitcoin_Teddy And they'r still shilling that shitty dollar, no problem ahahah
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@Bitcoin_Teddy Consider what a million was worth in the 69s n 70s. Than it will look much more bad.
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@Bitcoin_Teddy $38T debt visualized. this is why "store of value" narrative exists. math is wild
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The U.S. debt is basically a pile of IOUs called Treasury bonds. Some are held by foreign governments like Japan and China, who buy them because they are considered the safest investment on the planet. That part is real debt.
But about a third is money the government owes to itself, mainly the Social Security trust fund. Which, honestly, is kind of a fiction. You cannot really owe yourself money in any meaningful sense. So that headline $38 trillion number? A bit cooked.
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@Bitcoin_Teddy If you allocated to Elon Musk $1 million per day since Jesus was born instead of all the money he made, he would be poorer than he is right now 🤣
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@Bitcoin_Teddy Now calculate $38 trillion since Aug 15th 1972 & give me the number that the NGO known as the federal reserve (not federal & have no reserve) created from thin air
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@Bitcoin_Teddy Numbers like this don’t even feel real anymore
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@Bitcoin_Teddy Puts into perspective how rich Elon musk is huh. No one person should have that much money
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@Bitcoin_Teddy Debt is a mortgage calculation for us to never be able to pay off our own country.
350m people X 500$ a month for 33 years.
Forever.
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@Bitcoin_Teddy Sounds like a real problem for the people holding that debt. Why would the borrower care?
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@Bitcoin_Teddy and somehow that $38 trillion still doesn't feel real. numbers that big just turn into abstract shapes in my head
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@Bitcoin_Teddy @ky_statesman With about $250,000,000 to go on top of not hitting $1T to boot.
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@Bitcoin_Teddy Even if you spent 1 MILLION dollars PER HOUR since Jesus was born, you wouldn't have spent as much as the national debt!!!!
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@Bitcoin_Teddy That's not the worst part. The most important thing is that the rate of increase in this debt is becoming increasingly outrageous.
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@Bitcoin_Teddy Yeah, and it's still climbing like it's no big deal.
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@Bitcoin_Teddy @Lukewearechange And none of it matters. All that we really need is a currency that can’t be manipulated and people would go on as they do living and working to produce some sort of life they decide.
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@Bitcoin_Teddy And the Democrats have stole $14 trillion through NGO’s over the last 20 years. Wake the fuck up people this is war. This is treason, sedition and insurrection. They are all gonna fucking hang.
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@Bitcoin_Teddy And these are the same people that issue you with a credit score!
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