Traders remained undeterred and continued to anticipate further interest rate hikes- Fed futures point to a 96% chance that the central bank will raise by a quarter point later this month according to CME Group’s FedWatch tool.

Oh, and this year so far, there has been $652 BILLION in interest expense incurred. It’s only JULY. We will hit $1T in interest expense incurred before the year is over, something that has never happened before in American history.

The only escape from this conundrum is severe fiscal austerity. That means slashing military, infrastructure, and social security while hiking tax rates and eliminating loopholes, especially for corporations and wealthy benefactors who profit from the current lopsided tax code.

This is politically untenable. So our leaders will continue to lead us across the warped spacetime and closer to the Singularity.

+he Fed has trapped the Treasury in a black hole of its own design. Crushed by the financial gravity of the debt, the government is contracting inwards towards default. Determined to stave off deflationary collapse, Yellen and Powell will work hand in glove to create more money & credit and shove it into the coffers of the financial system.

The Congressional Budget Office estimates in 4 years there will be $38T of Federal debt outstanding. The Debt Clock predicts that actually if debt keeps growing at current rates, there will be $43T of debt outstanding. That’s just by 2027.

The wave of debt issuance will grow to be exponential. There isn’t enough demand, so the Fed will step in and print the difference, unleashing feedback loops long forgotten by the economic elites who rule our country.

This will only worsen the crisis and increase the growth rate of the money supply, causing inflation and dragging us deeper into the wormhole.

What they do not understand is that we’re not approaching the event horizon.

We’re already past it.

I think it needs sometime to sync .