270 Billion USD were added just yesterday to the American debt! In just October... and specifically, the first 4 days of October alone... 500 billion USD were added to the American debt! Every dollar that is added to the American debt, will cost more and more to service that debt! And it will grow exponentially... in a nasty and ever increasing and never-ending vicious cycle!
Here is how that vicious cycle turns...
The US has a massive national debt problem... to the tune of over $32 TRILLION USD!
US dollars are printed to service that massive US debt, that printed money devalues the USD, a devalued dollar leads to inflation, to control that inflation - interest rates have to be raised, that raised interest rates crushes the American consumer as everything becomes much more expensive (and it is an additional secret tax on them), that high interest rate also means that it costs more to service that debt, so more dollars have to be printed to service that debt... and so more dollars are printed! Each massive printing splurges by the US only devalues the American dollar even further...
We are looking at a massive US sovereign (national) debt unfold... and many countries such as China are selling their US dollar holdings as it is no longer attractive...a rope to hang themselves around their necks, no longer a safe harbour but just a big useless bloated cow!
