Vienna 06/07/2025
Entire blog as a free PDF eBook.
Living beyond your means. Who among us doesn’t know people who have made it their life’s work to find people who are willing to give them another loan to pay off their debts and survive the next few days? The debt trap is as old as the world. The Phoenicians gave the world interest as well as money.
Trump supporters should stop reading this article at this point – I intend to take a critical look at the budgetary policy of my favorite US president. The media-fueled spat between Donald Trump and Elon Musk has its roots in Trump’s policy of increasing the country’s enormous debt with unlimited options. However, these possibilities are limited. Just as the laws of physics say that an object that falls out of our hands will fall to the ground even if we don’t want it to, the laws of economics are relentless. They do not depend on our intentions – they simply always work.
Debt in the United States averaged 5993447.14 USD Million from 1942 until 2025, reaching an all time high of 36220207.00 USD Million in January of 2025. Source.
The growth rate of US debt is dizzying. Debt is currently growing by around 1 trillion US dollars every 100 days. At the same time, another 1 trillion US dollars is “added” every 30 seconds. Source.
Source.
What is the interest payment on this debt? The Congressional Budget Office (CBO) projects that if current laws generally remain the same, net interest payments will total $13.8 trillion over the next decade, rising from an annual cost of $1.0 trillion in 2026 to $1.8 trillion in 2035. […] In dollar terms, interest costs reached an all-time high of $476 billion in 2022 and have risen rapidly since then. CBO projects that such costs will total $952 billion in 2025. Source.
The fundamental question is: what scenarios are there for overcoming this crisis? There are several. For example, the radical devaluation of the US dollar, which is economically but politically unacceptable. Forecasts predict that the price of an ounce of gold after such an operation would be well over 100,000 new devalued dollars.
Without exception, all ways of rescuing the almost bankrupt US economy have one thing in common – they will all lead to an inevitable economic recession. The question is not if, but when it will occur. I don’t want to scare anyone, on the contrary, I would rather point out another way out, but then I would not be honest about what cannot be prevented.
Trump’s “One Big Beautiful Bill” promises tax cuts and conservative reforms. But it also hits Trump’s new voter base: the working classes. The legislative package reveals the Republicans’ political problems. I quote from an article published yesterday on tkp.at: The dirty side of Trump’s Big Beautiful Bill. Source.
At this point, I would like to address the Trump supporters who have gritted their teeth to get to this point. For the most part, I too support the changes instigated by Donald Trump after January 20th of this year. I can also biasedly justify him when he acts contrary to my expectations. That is human nature.
However, no one will tell me that he did not know about the CIA’s conceived and implemented terrorist plans that this organization recently carried out in the hands of Ukrainian contractors on Russian soil. If he had no information about it after all the purges in the Pentagon, CIA and FBI, that means he is not fit for the office of commander-in-chief of the US armed forces and intelligence.
You don’t have to be dead on All Saints’ Day either.
Author of the article: Marek Wojcik
Email: worldscam3@gmail.com
<If you like what I write, it would help a lot to further spread these articles if you share them with your friends on social media.