Last month the U.S. budget deficit — $864 billion — was larger than the total debt incurred from 1776 through the end of 1979. That is TWO CENTURIES OF DEBT IN ONE MONTH.
It is unironically over for middle/lower classes. Expect extreme turmoil in the near future.
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Now add in unfunded liabilities.
Only question is, what is the new currency system going to look like?
Not trying to shill, but AMPL might see significant upside once the effects of this absolute dumpster fire start to manifest. Stablecoins will be going down the shitter in this space, at aleast. As for how it's going to look in traditional finance - it's hard to tell. The question is, if the US economy even stands any chances of actually recovering from this. Uncertain times ahead.
What. The. Fuck.
>Not trying to shill, but AMPL
lol
Is this accounting for inflation?
There's no way anyone can pay, they will run high inflation for the next decade.
this
these faggots are fucking pathetic
I don't know. Find me another primitive that is not pegged to the current year US Dollar.
I've been trying to find out, but I can't really find any specifications on wether or not this is the case.
However, check this out:
This the lay of the land according to the NY Times: nytimes.com
"The federal government, which has been shoveling cash out the door to fund unemployment benefits, small-business loans and direct financial support to families, is on pace to borrow more money, as a share of the economy, than it has at any time since World War II."
That is fucking terrifying.