{"id":53658,"date":"2020-06-13T18:30:31","date_gmt":"2020-06-13T23:30:31","guid":{"rendered":"https:\/\/olduvai.ca\/?p=53658"},"modified":"2020-06-13T18:30:34","modified_gmt":"2020-06-13T23:30:34","slug":"u-s-total-public-debt-increases-a-stunning-25-billion-a-day-in-2020","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=53658","title":{"rendered":"U.S. Total Public Debt Increases a Stunning $25 Billion A Day In 2020"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/srsroccoreport.com\/u-s-total-public-debt-increases-a-stunning-25-billion-a-day-in-2020\/\">U.S. Total Public Debt Increases a Stunning $25 Billion A Day In 2020<\/a><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Americans better become reacquainted with Gold and Silver.&nbsp; 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.&nbsp; Just think about that for a minute.&nbsp; On average, for every working day this year (116 days so far), the U.S. Public Debt has increased by $25 billion.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">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.&nbsp;&nbsp;<strong>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\u2026 52,000,000,000+ oz.&nbsp;<\/strong>&nbsp;This is how insane the whole system has become.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">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).<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/d39ua1j16brbz0.cloudfront.net\/wp-content\/uploads\/2020\/06\/Total-Public-Debt-Fourth-Quarter-2007-2020.png\" alt=\"\" class=\"wp-image-22244\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">So, in less than six months, the total U.S. Federal Debt ballooned by nearly $3 trillion.&nbsp; 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:<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/d39ua1j16brbz0.cloudfront.net\/wp-content\/uploads\/2020\/06\/US-Public-Debt-Average-Increase-Per-Day-2007-JUNE-2020.png\" alt=\"\" class=\"wp-image-22246\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">From 2007 to 2019, the average debt increase per day was $4.4 billion.&nbsp; Take a look at the average increase of U.S. Public Debt so far in 2020.&nbsp; It sticks out like a sore thumb.. eh?&nbsp;&nbsp;<strong>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\u2026 LOL.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.S. Total Public Debt Increases a Stunning $25 Billion A Day In 2020 Americans better become reacquainted with Gold and Silver.&nbsp; 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.&nbsp; Just think [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[195,303,12073,18590],"class_list":["post-53658","post","type-post","status-publish","format-standard","hentry","category-economics","tag-debt","tag-fed","tag-srsrocco-report","tag-us-public-debt"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/53658","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=53658"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/53658\/revisions"}],"predecessor-version":[{"id":53659,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/53658\/revisions\/53659"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=53658"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=53658"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=53658"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}