![balajis's tweet photo. ALL IT TAKES IS ALL YOU GOT
Wow, I love this so much.
First, the debt didn't matter.
Now, it still doesn't matter...
Because the state can take all your assets to pay it!
Here's the graph Brent cites:
Below is that same graph with titles and labels[1]. See how it says balance sheet of households and nonprofit organizations? So that $177T number isn't really about government assets. It's just everything every American household (and nonprofit, hedge fund, PE fund, and personal trust) owns[2].
And now we're getting down to brass tacks.
See, Keynesianism is like Communism in that it sees no real difference between household and government assets. There is no moral limit on how much they can take from the population via inflation and seizure, only practical limits. So, your household assets can and will be taken to pay for what this failed state owes.
And how much does it owe? Well for that we can go to a recent analysis[3] of the Feb 2024 Financial Report of the United States Government[4].
Here's the table where the US government itself admits that even $37T is an underestimate of the debt. When you include the "social insurance" of Social Security and Medicare it's another $78.4T line item.
But wait, there's more!
Later in the doc Treasury itself admits even *this* is a sharp underestimate of what the US owes in terms of Social Security and Medicare because it's not accounting for future payouts decades from now. Once it does, what does the number get to? Here's the direct quote from them:
"The total...sums to **$175.3 trillion** in PV terms. This need can be satisfied only through increased borrowing, higher taxes, reduced program spending, or some combination."
That $175.3T lines up with the ~$200T number that Druckenmiller[5] has been using for the all-in liabilities of the US government when you take everything into account. And of course, at this point we are in monopoly money territory, because:
a) The entire fedguv only collected $1.86T last year[6]
b) That number is itself juiced by deficit spending
c) The dollar is down ~25% in real terms since 2020[7]
d) And the "177T" in asset value plummets if liquidated
e) ...or if there is a financial crisis, or both
So: no, the US government doesn't have nearly enough to pay for what it owes. It's made promises to everyone, from allies to retirees, that it simply can't keep. To hang on to power amidst that web of broken obligations, it is going to get nasty on a level beyond which most can really comprehend.
I appreciate, however, that we are starting to glimpse the endgame. When a bankrupt state collapses, it's like a black hole. It sucks everything it can into its gaping maw. Everything it can possibly seize, will be seized. Everything it can possibly print, will be printed.
All your assets become its assets.
All it takes...is all you got.](https://pbs.twimg.com/media/GJx7nDdakAEbTfo.jpg)
![balajis's tweet photo. ALL IT TAKES IS ALL YOU GOT
Wow, I love this so much.
First, the debt didn't matter.
Now, it still doesn't matter...
Because the state can take all your assets to pay it!
Here's the graph Brent cites:
Below is that same graph with titles and labels[1]. See how it says balance sheet of households and nonprofit organizations? So that $177T number isn't really about government assets. It's just everything every American household (and nonprofit, hedge fund, PE fund, and personal trust) owns[2].
And now we're getting down to brass tacks.
See, Keynesianism is like Communism in that it sees no real difference between household and government assets. There is no moral limit on how much they can take from the population via inflation and seizure, only practical limits. So, your household assets can and will be taken to pay for what this failed state owes.
And how much does it owe? Well for that we can go to a recent analysis[3] of the Feb 2024 Financial Report of the United States Government[4].
Here's the table where the US government itself admits that even $37T is an underestimate of the debt. When you include the "social insurance" of Social Security and Medicare it's another $78.4T line item.
But wait, there's more!
Later in the doc Treasury itself admits even *this* is a sharp underestimate of what the US owes in terms of Social Security and Medicare because it's not accounting for future payouts decades from now. Once it does, what does the number get to? Here's the direct quote from them:
"The total...sums to **$175.3 trillion** in PV terms. This need can be satisfied only through increased borrowing, higher taxes, reduced program spending, or some combination."
That $175.3T lines up with the ~$200T number that Druckenmiller[5] has been using for the all-in liabilities of the US government when you take everything into account. And of course, at this point we are in monopoly money territory, because:
a) The entire fedguv only collected $1.86T last year[6]
b) That number is itself juiced by deficit spending
c) The dollar is down ~25% in real terms since 2020[7]
d) And the "177T" in asset value plummets if liquidated
e) ...or if there is a financial crisis, or both
So: no, the US government doesn't have nearly enough to pay for what it owes. It's made promises to everyone, from allies to retirees, that it simply can't keep. To hang on to power amidst that web of broken obligations, it is going to get nasty on a level beyond which most can really comprehend.
I appreciate, however, that we are starting to glimpse the endgame. When a bankrupt state collapses, it's like a black hole. It sucks everything it can into its gaping maw. Everything it can possibly seize, will be seized. Everything it can possibly print, will be printed.
All your assets become its assets.
All it takes...is all you got.](https://pbs.twimg.com/media/GJx54doakAEmYXM.png)
![balajis's tweet photo. ALL IT TAKES IS ALL YOU GOT
Wow, I love this so much.
First, the debt didn't matter.
Now, it still doesn't matter...
Because the state can take all your assets to pay it!
Here's the graph Brent cites:
Below is that same graph with titles and labels[1]. See how it says balance sheet of households and nonprofit organizations? So that $177T number isn't really about government assets. It's just everything every American household (and nonprofit, hedge fund, PE fund, and personal trust) owns[2].
And now we're getting down to brass tacks.
See, Keynesianism is like Communism in that it sees no real difference between household and government assets. There is no moral limit on how much they can take from the population via inflation and seizure, only practical limits. So, your household assets can and will be taken to pay for what this failed state owes.
And how much does it owe? Well for that we can go to a recent analysis[3] of the Feb 2024 Financial Report of the United States Government[4].
Here's the table where the US government itself admits that even $37T is an underestimate of the debt. When you include the "social insurance" of Social Security and Medicare it's another $78.4T line item.
But wait, there's more!
Later in the doc Treasury itself admits even *this* is a sharp underestimate of what the US owes in terms of Social Security and Medicare because it's not accounting for future payouts decades from now. Once it does, what does the number get to? Here's the direct quote from them:
"The total...sums to **$175.3 trillion** in PV terms. This need can be satisfied only through increased borrowing, higher taxes, reduced program spending, or some combination."
That $175.3T lines up with the ~$200T number that Druckenmiller[5] has been using for the all-in liabilities of the US government when you take everything into account. And of course, at this point we are in monopoly money territory, because:
a) The entire fedguv only collected $1.86T last year[6]
b) That number is itself juiced by deficit spending
c) The dollar is down ~25% in real terms since 2020[7]
d) And the "177T" in asset value plummets if liquidated
e) ...or if there is a financial crisis, or both
So: no, the US government doesn't have nearly enough to pay for what it owes. It's made promises to everyone, from allies to retirees, that it simply can't keep. To hang on to power amidst that web of broken obligations, it is going to get nasty on a level beyond which most can really comprehend.
I appreciate, however, that we are starting to glimpse the endgame. When a bankrupt state collapses, it's like a black hole. It sucks everything it can into its gaping maw. Everything it can possibly seize, will be seized. Everything it can possibly print, will be printed.
All your assets become its assets.
All it takes...is all you got.](https://pbs.twimg.com/media/GJx4-zEakAA4trz.png)
Olivia
Online
Hödl Lè He Hu ☣️
@Stacksatsdaily
HODL'er Extraordinaire / #Bitcoin
Joined October 2017
652 Following
74 Followers
70 Posts
I am offering $500k in $10k grants to paint murals of the face of Iryna Zarutska in prominent US city locations
Please contact [email protected] for more details
Please also share this message
If you would like to contribute to this fund, please contact Katie also
Is Maya OK? Account just went down after posting "Help" and then this in the last 10 minutes.
cc @lopp @BitcoinMagazine @DavidFBailey @stacyherbert @maxkeiser
Who to follow
California HODL
@california_hodl
Stacking Sats | Runner of Nodes | #bitcoin maxi | Twitter #btc
Nostr: npub1hquy7xlxrsahpkpu90tpwfy9whcd0lc4pg9c7cqs
Bot Author @BTCSignal_ai
Daniel Peña ✟ 
@thedanielpena
Christ is Lord
#AmericaFirst
#Bitcoin
₿it©oin.Pleb 🌮⚡️🚀🌕🐝
@BitcoinFan7
WE MUST FIGHT THE ZIONIST CABAL FOR OUR CHILDREN! Bitcoin is my weapon. Warrior for Christ ✝️⚔️🇺🇸
#Bitcoin
#Carnivore
#RepealThe19th
@stoolpresidente Fuck off, Dave
@SteaknShake Yes, and only bitcoin!
@bgarlinghouse Where does the vast majority of Ripple's revenue come from Brad? Where does it come from!?
The best takedown of Ripple/XRP on this website.
It's not a cryptocurrency and has no use case 👇
XRP shills are the dumbest people on the planet.
@DonaldJTrumpJr Gross. Bitcoin only.
Ripple are the worst bad actors in the industry and they are courting the Trump admin after attacking Bitcoin and funding Democrats for years. Everyone in the Trump admin needs to understand that Ripple should not be trusted.
The rug pulls will continue, indefinitely.
https://t.co/hPCyfY6FQp
The wait is over. Smart wallets are here.
ALL IT TAKES IS ALL YOU GOT
Wow, I love this so much.
First, the debt didn't matter.
Now, it still doesn't matter...
Because the state can take all your assets to pay it!
Here's the graph Brent cites:
Below is that same graph with titles and labels[1]. See how it says balance sheet of households and nonprofit organizations? So that $177T number isn't really about government assets. It's just everything every American household (and nonprofit, hedge fund, PE fund, and personal trust) owns[2].
And now we're getting down to brass tacks.
See, Keynesianism is like Communism in that it sees no real difference between household and government assets. There is no moral limit on how much they can take from the population via inflation and seizure, only practical limits. So, your household assets can and will be taken to pay for what this failed state owes.
And how much does it owe? Well for that we can go to a recent analysis[3] of the Feb 2024 Financial Report of the United States Government[4].
Here's the table where the US government itself admits that even $37T is an underestimate of the debt. When you include the "social insurance" of Social Security and Medicare it's another $78.4T line item.
But wait, there's more!
Later in the doc Treasury itself admits even *this* is a sharp underestimate of what the US owes in terms of Social Security and Medicare because it's not accounting for future payouts decades from now. Once it does, what does the number get to? Here's the direct quote from them:
"The total...sums to **$175.3 trillion** in PV terms. This need can be satisfied only through increased borrowing, higher taxes, reduced program spending, or some combination."
That $175.3T lines up with the ~$200T number that Druckenmiller[5] has been using for the all-in liabilities of the US government when you take everything into account. And of course, at this point we are in monopoly money territory, because:
a) The entire fedguv only collected $1.86T last year[6]
b) That number is itself juiced by deficit spending
c) The dollar is down ~25% in real terms since 2020[7]
d) And the "177T" in asset value plummets if liquidated
e) ...or if there is a financial crisis, or both
So: no, the US government doesn't have nearly enough to pay for what it owes. It's made promises to everyone, from allies to retirees, that it simply can't keep. To hang on to power amidst that web of broken obligations, it is going to get nasty on a level beyond which most can really comprehend.
I appreciate, however, that we are starting to glimpse the endgame. When a bankrupt state collapses, it's like a black hole. It sucks everything it can into its gaping maw. Everything it can possibly seize, will be seized. Everything it can possibly print, will be printed.
All your assets become its assets.
All it takes...is all you got.
![balajis's tweet photo. ALL IT TAKES IS ALL YOU GOT
Wow, I love this so much.
First, the debt didn't matter.
Now, it still doesn't matter...
Because the state can take all your assets to pay it!
Here's the graph Brent cites:
Below is that same graph with titles and labels[1]. See how it says balance sheet of households and nonprofit organizations? So that $177T number isn't really about government assets. It's just everything every American household (and nonprofit, hedge fund, PE fund, and personal trust) owns[2].
And now we're getting down to brass tacks.
See, Keynesianism is like Communism in that it sees no real difference between household and government assets. There is no moral limit on how much they can take from the population via inflation and seizure, only practical limits. So, your household assets can and will be taken to pay for what this failed state owes.
And how much does it owe? Well for that we can go to a recent analysis[3] of the Feb 2024 Financial Report of the United States Government[4].
Here's the table where the US government itself admits that even $37T is an underestimate of the debt. When you include the "social insurance" of Social Security and Medicare it's another $78.4T line item.
But wait, there's more!
Later in the doc Treasury itself admits even *this* is a sharp underestimate of what the US owes in terms of Social Security and Medicare because it's not accounting for future payouts decades from now. Once it does, what does the number get to? Here's the direct quote from them:
"The total...sums to **$175.3 trillion** in PV terms. This need can be satisfied only through increased borrowing, higher taxes, reduced program spending, or some combination."
That $175.3T lines up with the ~$200T number that Druckenmiller[5] has been using for the all-in liabilities of the US government when you take everything into account. And of course, at this point we are in monopoly money territory, because:
a) The entire fedguv only collected $1.86T last year[6]
b) That number is itself juiced by deficit spending
c) The dollar is down ~25% in real terms since 2020[7]
d) And the "177T" in asset value plummets if liquidated
e) ...or if there is a financial crisis, or both
So: no, the US government doesn't have nearly enough to pay for what it owes. It's made promises to everyone, from allies to retirees, that it simply can't keep. To hang on to power amidst that web of broken obligations, it is going to get nasty on a level beyond which most can really comprehend.
I appreciate, however, that we are starting to glimpse the endgame. When a bankrupt state collapses, it's like a black hole. It sucks everything it can into its gaping maw. Everything it can possibly seize, will be seized. Everything it can possibly print, will be printed.
All your assets become its assets.
All it takes...is all you got.](https://pbs.twimg.com/media/GJyAQnHbYAAak9h.jpg)
Modern man is in a terrible predicament. He is helplessly enamored with the beauty of what the old world built, yet despises the beliefs that inspired them to build it.
Exit the Cantillionaires Game with #Bitcoin
Trends for you
Most Popular Users
Elon Musk
@elonmusk
240.6M followers
Barack Obama
@barackobama
119.2M followers
Donald J. Trump
@realdonaldtrump
111.7M followers
Cristiano Ronaldo
@cristiano
110.5M followers
Narendra Modi
@narendramodi
107M followers
Rihanna
@rihanna
97.6M followers
NASA
@nasa
92.2M followers
Justin Bieber
@justinbieber
90.9M followers
KATY PERRY
@katyperry
87.6M followers
Taylor Swift
@taylorswift13
81.4M followers
Lady Gaga
@ladygaga
72.9M followers
Virat Kohli
@imvkohli
69.8M followers
Kim Kardashian
@kimkardashian
69.8M followers
YouTube
@youtube
68.7M followers
Bill Gates
@billgates
63.8M followers
Neymar Jr
@neymarjr
62.5M followers
The Ellen Show
@theellenshow
62.4M followers
CNN
@cnn
61.9M followers
X
@x
60.8M followers
Selena Gomez
@selenagomez
60.7M followers