I väntan på Jesus

Ekoteologen Lars Larsens blogg

US government debt has surpassed 33 trillion dollars. + some debt mathematics.

Publicerad 2023-09-20 00:55:00 i Ekologisk ekonomi, Finanskriser, Lån och skulder, Skuldbubblan,

(this blogpost can very well be read to the sound of this beautiful song, which is especially beautiful in the end: The Quincey - Guai)
 
 
See this US debt clock. It is interesting to follow. Many news outlets wrote about the event. For example here
 
Remember when we passed the 32 trillion mark for the US government debt? It was in June 16, 2023. See an article about it here
 
The pace of the rise of the US government debt has slowed since then. From June 9, 2023 to July 9, 2023 the debt rose by one trillion, in one month. I wrote about it here.
 
So it has taken us about three months, a quarter of a year, to rise from 32 to 33 trillions. If the US government debt rises at that pace going forward, linearly, with four trillions every year, then we reach the 100 trillion mark (the time at which the servicing of the US government debt takes more than the revenues of the US federal government, with 5 % interest on the debt) in almost 17 years
 
Where are we in almost 17 years? 
 
Answer: in the summer of 2039. Then I'm 55 years old. And almost 17 years back, then we are in the summer of 2006, in the very start of the Global Financial Crisis. It's not long ago.
 
But. Here is a big "but". The US government debt is rising exponentially, which means that the pace of the rise is accelerating, going faster and faster as time goes by (we are virtually surrounded by exponential rises nowadays). See this chart (I don't find newer graphs, but we know that the exponential trend has continued, and really fast):
 
Development and Debt Finance - Debt Service, IMF, World Bank, and GDP ...
(Graph from this page)
 
So, it is hard to know how fast, how steep the acceleration of the rise will be in the future, but I think the 100 trillion mark will be reached well before 2039. Perhaps already in 2030, which I guessed in this blogpost. The most realistic scenario is maybe at some time between 2030-2035. I believe, or rather it is my blessed hope, that Jesus the Nazarene will return visibly for all in 2032. 
 
But even if it happens in 2039, which is the linear projection, this is so soon that it is almost impossible to imagine or prepare correctly for. So big things we are speaking of. The collapse of a big, big Empire, the biggest empire in the history of mankind. A real, horrible Monster. The Monster in the Book of Revelation, the last Monster among many monster-empires. 
 
Soon something is going to break. This is not sustainable. Not at all. The US is close to bankruptcy. 
 
The fact that the US debt rose with one trillion a few months ago, which I wrote about in this blogpost, is just a symptom of the exponential function here, and the future certainly holds more of such strange things.
 
But think about, meditate upon how long time almost 17 years is, think what happened almost 17 years ago, and prepare yourself, spiritually and physically. This is the most optimistic figure of how long time we have left, that I can offer you. Probably civilization will not persist longer than that. Or do you think that the US government will, in the midst of collapse, borrow less and less? This is extremely unlikely. They will try to print and borrow their way out of this, till the bitter end, because this is what they are good at, and then paper over it with "monetary gimmickry". Until the bitter end. Maybe the stock market will not have a real correction until the bitter end, when the stock traders must leave their offices and go to the survival bunkers instead.   
 
 
 
 
 

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Lars Larsen

Född 1984 i Finland. Norrman, bor i Stockholm, Sverige. Poet, ekoteolog och ekofilosof (dock inte en akademisk någondera, fastän han studerade teologi i nästan tre år vid Åbo Akademis universitet), kallas också allmänt "Munken" (han är munk i en självgrundad klosterorden, "Den Heliga Naturens Orden"), han kallar sig själv "Skogsmannen Snigelson" och "Lasse Lushjärnan" på grund av vissa starka band till naturen och djuren, grundade bland annat genom många år av hemlöshet boende i tält, kåta, grotta och flera hyddor i Flatens naturreservat, Nackareservatet och "Kaknästornsskogen" utanför Stockholm. Han debuterade som poet 2007 med "Över floden mig", utgiven av honom själv, han har även gett ut ett ekoteologiskt verk, "Djurisk teologi. Paradisets återkomst", på Titel förlag 2010. Han har gett ut diktsamlingen "Naturens återkomst" på Fri Press förlag 2018 tillsammans med sin före detta flickvän Titti Spaltro. Lars yrken är två, städare och målare (byggnader). Just nu bor han på Attendo Herrgårdsvägen, ett psykiatrisk gruppboende för mentalsjuka i Danderyd, Stockholm. Hans adress är: Herrgårdsvägen 25, 18239 Danderyd, Sverige. Man kan nå honom i kommentarsfältet på denna blogg. Hans texter på denna blogg är utan copyright, tillhörande "Public Domain" Han är författare till texterna, om ingen nämns.

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