(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):
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.