Federal debt explodes (Patreon)
Published:
2024-10-03 14:12:40
Imported:
2026-06
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Federal debt explodes on 1st day of the new fiscal year, jumping $204 billion to new record of $35.669 trillion, but it gets worse: Treasury also had to draw down its cash balance by $72 billion - that's over $275 billion in the red in only the first day.
Total US debt has exploded to $35.7 trillion—up $345 billion in just 3 days.
That's 1/4 of bitcoin's market cap added to the national debt in a single weekend.
Where is the money going?
- $24,400,000,000 to Ukraine.
- $11,300,000,000 to Israel.
Debasement accelerating.
When I see this I feel I need more BTC
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