
Dr. Jan Wüstenfeld|Apr 13, 2025 18:16
Nothing stops this train. 🚄
There's no DOGE, no Elon Musk, and no chainsaw that will significantly cut government spending in the US.
There is only one realistic direction for government spending: up. Therefore, debt will also go up. 📈
In 2024, U.S. gross interest payments on the national debt hit 1.1 trillion (4% of GDP), with about 855-890 billion paid on publicly held debt (source: Congressional Budget Office). 💸
Gross federal debt, which includes debt held by government accounts, is projected to grow from 123% of GDP in 2025 to 169% of GDP by 2055 (source: Congressional Budget Office). 📊
Governments depend on low interest rates to service debt at higher debt-to-GDP levels, ultimately leading to more monetary expansion and inflation. 🖨️
This is bullish for hard assets like gold and Bitcoin alike. 🥇 ₿
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