Government at all levels in the US are spending about $10 trillion/yr, or about 40% of US GDP. I estimate about 80% of the resources garnered go to waste. That's $8 trillion/yr or about 1/3rd of the US economy.
That's the problem. It is NOT that government borrows a comparatively piddling $1 or $2 trillion per year!!!!
As usual, lucid and actionable. Individually we can't do much if anything about the large trends and politics in general, but where we can personally operate, we need to understand history, the present moment, the likely outcomes, and position ourselves accordingly. Thanks for the help.
Well said. This isn’t just about China — it’s about the signal to every other reserve holder. If Treasuries can be weaponized, they’re no longer neutral. Gold, by contrast, has no counterparty. That’s why it keeps rising while trust in paper erodes.
Debt, debt, debt.
Is this really the problem????
Government at all levels in the US are spending about $10 trillion/yr, or about 40% of US GDP. I estimate about 80% of the resources garnered go to waste. That's $8 trillion/yr or about 1/3rd of the US economy.
That's the problem. It is NOT that government borrows a comparatively piddling $1 or $2 trillion per year!!!!
Regards,
Gary Marshall
As usual, lucid and actionable. Individually we can't do much if anything about the large trends and politics in general, but where we can personally operate, we need to understand history, the present moment, the likely outcomes, and position ourselves accordingly. Thanks for the help.
Well said. This isn’t just about China — it’s about the signal to every other reserve holder. If Treasuries can be weaponized, they’re no longer neutral. Gold, by contrast, has no counterparty. That’s why it keeps rising while trust in paper erodes.