We are hitting exponential debt growth. This is mathematically impossible to fix.
1972: $426 billion
1982: $1.061 trillion
1992: $3.881 trillion
2002: $6.126 trillion
2012: $16.432 trillion
2022: $30.4 trillion
TODAY: $34.478 trillion
This is happening as demand for the US dollar is plummeting. Other countries aren’t purchasing our debt.
The Bank Term Funding Program (BTFP) expires on March 11. This was the program that prevented the banks from failing last year. It has hidden the true amount of banks that would have failed. This doesn’t mean banks will fail on March 11, but it’s likely that the Fed will start cutting rates soon to help the banks and keep the economy going until the election.
The problem is, this is going to create a bubble right when it looks like the current bubble is about to pop. It will likely pop shortly after the election.
The establishment will either blame Biden (if he wins) for being stupid and old. Or they’ll blame Trump (if he wins) and probably throw Russia in there as an excuse too.