U.S. Total Public Debt Increases a Stunning $25 Billion A Day In 2020
Americans better become reacquainted with Gold and Silver. With the Federal Government adding $25 billion of new debt every day so far this year, at some point, investors are going to lose faith in the U.S. Dollar and U.S. Treasuries. Just think about that for a minute. On average, for every working day this year (116 days so far), the U.S. Public Debt has increased by $25 billion.
In just one week, the additional $125 billion of U.S. Public Debt could have purchased all global silver mine supply for the past eight years, nearly 7,000,000,000 oz. And, in a little less than a month and a half, the increase in U.S. Public Debt would have purchased ALL KNOWN Global Silver Production since 1493… 52,000,000,000+ oz. This is how insane the whole system has become.
According to the data from the St. Louis Federal Reserve and TreasuryDirect.gov, total U.S. Public Debt increased from $23.2 trillion in Q4 2019 to $26.1 trillion as of June 10th (the figure is $26.065 trillion, but I rounded it up to $26.1 trillion).
So, in less than six months, the total U.S. Federal Debt ballooned by nearly $3 trillion. Now, if we go back and take the annual debt increase for each year and divide it by 250 working days, we have the chart below:
From 2007 to 2019, the average debt increase per day was $4.4 billion. Take a look at the average increase of U.S. Public Debt so far in 2020. It sticks out like a sore thumb.. eh? If we divide $2.9 trillion of new debt by 116 working days in 2020, it comes out to a nice EVEN $25 billion PER DAY… LOL.
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