Bessent: “We will grow our way out of debt.”
Real GDP growth:
2023: +2.9%
2024: +2.8%
2025: +2.1%
2026: +1.5% (Q2 annualized)
US debt growth:
2023: +7.2%
2024: +6.9%
2025: +6.1%
2026: +7.5% (last 12 months)
Debt is growing 2–3× faster than the economy.
You don’t grow your way out of debt when the debt is outrunning growth every single year.
It’s not looking good.
@ChrisCuomo Chris, I implore you. Be the first mainstream journalist to explain fiat currency and how it inevitably fails every time. Politicians blame each other. Don’t follow their lead.
@scottmelker@AviFelman If all it takes is for monetary debasement (dilution) to create bitcoin candles… it won’t take much more patience.
“They” have no choice.
@ChrisCuomo Chris! Analyze. Monetary debasement. 40T doubling every ten years. Unfunded liabilities 192T. No way out except the money printer. Tell people the truth. Kicker: it’s not political. Both sides no choice. Tell your audience.
@ChrisCuomo Hey Chris… you are smart. Analytical. Bold? Not bold enough to explain the debt picture on TV… or are your bosses not letting you?
Hint: it’s not political. It’s fiat.
@SimplyBitcoin@FossGregfoss Bipolar might be a completely normal human reaction to fully grasping monetary debasement as a solution to the national debt and unfunded liabilities. Love you Greg.
@Jorge7Costanza@KobeissiLetter Without getting into a facts research battle with anyone, I would venture to guess that the vast majority of countries are in deeper shit that USA, on a debt-to-GDP basis. The age of Fiat Failure is inbound.
@CKikila@KobeissiLetter You are consumed by anger. For the record I think Trump is a hateful lying sack of shit. That should make you like me more.
But… the fundamental problem is not political. I am right about that.
Fiat currency is worldwide. Every country except Switzerland is fucked.