September 20, 2023

Super Ponzinomics

Diane Kimura

Bidenomics should be called Ponzinomics instead.

US Treasury interest servicing costs have started to rise dramatically… increasing by roughly $10 billion every month…

At current interest rates, we are heading towards $1 trillion per year… the beginning of a vicious debt interest spiral.

YTD 2023, taxpayers have spent $800 bil in interest payments on our debt.

May be an image of text that says 'US: Interest payments are rising $, bln (12-month running total) 500 480 460 Posted on The Daily Shot 14-Sep-2022 440 420 @SoberLook 400 380 360 340 320 300 Aug-19 Feb-20 Aug-20 Feb-21 Aug-21 Feb-22 Aug-22 Source: Oxford Economics/Haver Analytics'


Posted by: Timothy Birdnow at 10:44 AM | No Comments | Add Comment
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