The US federal government runs on what is called a ‘fiscal year’ vs a calendar year. It just means that their financial year is from October of one year until September of the next year. For the US federal government the 2023 fiscal year has already ended and it is well into year 2024 financially.

Why is that important and what does it mean?

Well, well…now that is the question of the day!

Let me share some facts with you…

• In 2023 – US federal government revenue was $4.7trillion, and spent $880billion servicing the national debt.
• In 2022 – US federal government revenue was $5trillion, and spent $475billion servicing the national debt.
• In 2021 – US federal government revenue was $4.4trillion, and spent $352billion servicing the national debt.
• In 2020 – US federal government revenue was $3.8trillion, and spent $345billion servicing the national debt.

What does this mean?

In 2021 federal government revenue grew by 16%, in 2022 federal government revenue grew by 13%, in 23 federal government revenue FELL by 6%. So government revenue growth slowed dramatically from 2020 – 2022. Then in 2023 government revenue FELL!!

From 2020 – 2023 the cost of servicing the US federal government national debt skyrocketed by 155%!!

Now hear this…in 2024 the debt service on the national debt is projected to exceed $1trillion! Yeah, that amount looks like this $1,000,000,000,000.

Consider this…the cost to pay just the interest on the US debt this year (2024) is $3,300 for every US man, woman, and infant.

Then there is the national debt itself…it now stands about 35cents shy of $34trillion and climbing by trillions each year. But let me put that into terms that are more easily understood…the US national debt climbs by $192billion each month…over $6billion each day!

But here is a real key…who owns the US national debt.

Since 2021 the % amount of US debt held by every group (foreign governments, private investors, etc) has fallen. There is one exception…the Federal Reserve, their ownership % of US debt has risen. Yes, that means that our primary foreign lenders, China and Japan among others, have not just stopped buying US debt…they have been selling the US debt they already owned.

So who is buying US debt? The Federal Reserve and associated banks. And that my friend means…the same organization that is creating the loans and money to create US debt…is the same one that is buying that debt. The ultimate funny money scheme!!!

What the heck does all this mean? Use common sense…

• The US federal government is spending trillions of $’s more than it takes in, the government then has to borrow the difference and go into debt.
• The servicing cost (interest) of that debt has almost tripled in 4 years.
• In 2024 the interest costs on the debt will equal ¼ of all government revenue.
• Fewer and fewer lenders in who are willing to lend the US money to fund its operations.
• The Federal Reserve is now buying the majority of debt that it is creating. Yup, that means they are lending the money that it is borrowing.

And exactly how long do you think that can last?

Worse yet…what do you think the world looks like when the US can no longer borrow enough to fund its spending?

Worse than that…what does your life look like when that happens?

Worst of all…what are you doing now to prepare for that eventuality? Do you have a realistic plan?

Related Articles –

• Economy Manipulated ? ?
• Danger Sign – Economy
• Warning Again : US Economy Continues to Fail

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