National Debt Approaches 30 Trillion Dollars

The National Debt clock just surpassed $28 trillion dollars. It’s not even close to slowing down or going backward. With the upcoming passing of the latest “COVID Stimulus Bill,” the total debt will surpass $30 trillion.

Over the years it’s been predicted that when we hit $6 trillion, $10 trillion, $16 trillion, and even $20 trillion that inflation would skyrocket, the United States would default on its payments – and the economy would crash.

It never happened….at least not yet.

There will come a time when the money supply surpasses the ability for the perceived value of the US dollar to remain normal. Normal is where the average person sees $20 being able to buy what is perceived as $20 worth of stuff. That money supply will go beyond the demand – and prices will increase. Inflation. Hyper-inflation.

When?

That’s the $100,000 grand question.

It will happen eventually. That is a certainty. 2 years? 5 years? 15 years?

What do you think? Comment below.

Rourke

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