“How did you go bankrupt?” “Two ways. Gradually, then suddenly.”

~ Ernest Hemingway

The rising debt is a massive crisis. We are going into unsustainable debt, adding $500 billion monthly to the national debt. The interest for this year so far is $800 billion. The interest payment alone will be larger than our defense budget. We don’t have money to supply Ukraine and Israel with weapons, and we’d better stop trying to go to war with other nations.

US debt is up 54% in five years. The CBO estimates show a $2 trillion deficit this year. We are currently at 33.5 trillion in debt, and the Biden regime continues to spend. Two weeks ago, it was $33 trillion.

As the regime spends wildly, the world is de-dollarizing.

The Biden administration is looking to raise the debt ceiling again.

China is selling US government debt. The Fed is selling, and the Treasury Department is offering 500 billion dollars per month in liquidity.

Lending is so tight that nobody can afford a mortgage or car loan. Lending conditions will get so tight that consumers will be choked by high borrowing costs every way they look. As the US debates sending more of our dollars to Ukraine and Israel, it’s worth pointing out that Biden added another half-trillion to our debt in just 20 days. We now have more debt than the total economies of China, Japan, Germany, and the UK… combined.

“For those asking, it took the US until March 1975 to accumulate $500 billion in total debt. It has added more than that in the past 18 days,” Zero Hedge wrote on X.

We’re going to face an economic collapse.

Lee Smith believes that the White House denies Iran is behind the Hamas attack because they want Iran as a business partner. They’re protecting Iran. He says they aren’t supporting Israel. They want the ability to impose a ceasefire.