Quinn: The crash will be spectacular

Written by Jim Quinn via The Burning Platform blog,

“The interest on the federal debt is now so immense that it consumes 40% of all personal income taxes. . . . If federal finances continue on their current path, we are only a few years away from total personal income taxes income needed to finance the debt…”

The government collects $2.6 trillion in individual taxes at gunpoint and the threat of jail time. Meanwhile, they are still operating at a $2 trillion annual deficit. And that’s before interest on the national debt really starts to skyrocket. Our Troll Treasury Secretary Yellen had the opportunity to lock up trillions of our national debt for 30 years at 2% rates, but she intentionally kept it short-term.

Interest on the debt will top $1 trillion annually over the next year, and as you can see, will approach $2 trillion annually in a few more years.

The government already spends every penny of the taxes they collect. This means they are already printing more fiat and borrowing from the rest of the world to pay the interest on the debt they already have.

Foreign countries, particularly China and India, are not only not buying any new US Treasuries, they are unloading the Treasuries they already have.

With the BRICS intentionally moving away from the USD for their trade, it is only a matter of time until our mountain of debt comes crashing down in an epic avalanche on the unsuspecting American public.

The writing is on the wall, and if you refuse to read it, you will be shocked and devastated to see your supposed paper wealth evaporate.

Now you know why Biden and his handlers are trying to start wars around the world against those countries they realize are engineering the demise of the USD as a basis for global domination and control.

We have evil men ruling our nation and they would rather burn it all to the ground than lose their wealth, power and control.