Wilbur Ross stated this week the US deficit will reach $3.5T next year on top of the $3.1T this year, bringing US debt to over $30T.
US debt reached the $1T for the first time in 1981.
Here are the time intervals to reach each $10T:

$10T: 27 years
$20T: 9 years
$30T: 4 years

This implies the US will have added $20 trillion,(nearly 100% of GDP) or 66% of all its debt outstanding in just 13 years.
Don't anybody tell me this is healthy or a sign of a structurally sound economy.

You should also know that debt spending filters into GDP results. This implies that GDP is vastly overstated as it doesn't reflect the true state of the economy rather the debt economy.
Positive growth has been financed with debt expansion.

Don't believe me? Take out debt growth.
Watch what happens. Total chaos.
The economy is so structurally weak it can't do without accelerating debt expansion.
That's the truth & track record that no politician, central banker or Wall Street analyst will tell you.
#houseofcards

And this is why they will never, ever, ever again normalize rates as the entire construct is based on artificial cheap money and more debt.
The poor get to shoulder the debt, the top 1% get to reap the gains.
That's the system we have.

Hence is it any wonder people are at each other's throats under the illusion that one party or the other will make it better for them?
That's the show, the illusion of choice as George Carlin called it.
Both parties sell it.
It's a great show, but that's all it is.

Both Democrats & Republicans have presided over this system & the Fed has enabled it all.

The result: The bottom 50% have gained nothing in over 20 years. Nothing.
The top 1% have gained everything.
And the Fed keeps saving them & denies they have any role in this.
Fuck the Fed.

Some day I'll tell you how I really feel
Rant over. Have a good weekend.