Thursday, February 11, 2021

U.S. Federal Debt Expected to Exceed Size of Entire U.S. Economy, Before Biden Stimulus Plan is Counted

The federal government’s total debt is expected to exceed the size of the entire American economy this year, a figure that does not take into account President Biden’s proposed $1.9 trillion stimulus package, the nonpartisan Congressional Budget Office reports.

In 2021, America’s federal debt will reach about 102 percent of its Gross Domestic Product.

The U.S. budget gap breached $3.1 trillion in 2020 due primarily to the trillions in new spending approved by Congress during the Trump Administration in an absolute money printing orgy aimed at the absurd idea of "stimulating" the economy when large portions of the economy were locked-down because of bizarre fear of a virus that is not a serious threat to most of the population.

The price inflationary ramifications, of the massive debt and the Federal Reserve monetizing of most of the new spending, is just about to hit.

Hug your gold coins.



  1. Hug your gold coins, as long as you can, before they take them away from you. See James Bovard's "The Great Gold Robbery" (1999)

  2. People have been waiting for decades for a dollar collapse that never comes. I understand they're inflating the money supply, but these predictions haven't come true.