Dear family: Breaking news! The beautiful country has lost control and is rapidly heading towards bankruptcy, the situation is worse than everyone imagined!
On one hand, the beautiful country's debt is increasing at an unprecedented rate.
According to data from the U.S. Treasury Department, the national debt of the beautiful country has exceeded 36 trillion dollars, while in July, this figure was 35 trillion dollars.
In other words, in just four months, the national debt of the beautiful country increased by 1 trillion dollars, approximately equivalent to 7.2 trillion yuan.
The 36 trillion dollars in national debt, if distributed among every person in the beautiful country, amounts to an average of 107,000 dollars per person, equivalent to 770,000 yuan.
This massive national debt requires the beautiful country’s government to pay 1.2 trillion dollars in interest each year.
According to the beautiful country’s Treasury Department data, in the fiscal year 2024 (from October 1, 2023, to September 30, 2024), the beautiful country's fiscal revenue is 4.92 trillion dollars, while fiscal expenditure is 6.75 trillion dollars, leading to a fiscal deficit of as much as 1.83 trillion dollars.
The annual expenditure on the 1.2 trillion dollars in national debt interest accounts for 24% of the beautiful country's fiscal revenue.
This means that the current government of the beautiful country is already in a situation where expenses exceed income, relying on borrowing to survive.
Moreover, the interest on the debt has already accounted for 24% of government fiscal revenue. In contrast, for the fiscal year 2024, the beautiful country’s defense expenditure is 886 billion dollars, accounting for 18% of government fiscal revenue, which is far lower than the national debt interest expenditure.
Even more alarming is that according to the conservative forecast from the Congressional Budget Office, by 2034, the total national debt of the beautiful country will reach 56.8 trillion dollars.
By then, the national debt interest of the beautiful country may reach 1.9 trillion dollars.
Thus, the demand for interest rate cuts will be significant, and the bull market is expected to continue until 2026!