Alarm! US Debt Breaks $34 Trillion As Bitcoin Hiccups

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Alarm!

In another episode of “Government Gone Wild” we see that total Federal debt just broke through the $34 trillion mark.

Some context: US debt increased by…

  • $1 trillion in the past 3 months
  • $2 trillion in the past 6 months
  • $4 trillion in the past 2 years
  • $11 trillion in the past 4 years

The Congressional Budget Office (CBO) is flashing the alarm.

Reckless spending in Washington DC by the administration and Congress is projected to drive US Debt to GDP to rise like the nuclear reactor in the film K-19: The Widowmaker.

Today the crypto market flash-crashed this morning with Bitcoin instantaneously puking from $45,500 to $41,000…

And Ethereum followed suite…

Over $550 million in crypto long positions were liquidated in the past 24 hours, per data from CoinGlass, including $104 million in Bitcoin longs in the past hour alone.

The extremely volatile cryptos are rallying. But still down on the day.

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Published by confoundedinterest17

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One thought on “Alarm! US Debt Breaks $34 Trillion As Bitcoin Hiccups”

  1. Pingback: $34 trillion U.S. federal debt raises alarms as interest expense soars to unprecedented levels.

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