Will we have financial crisis on or thereafter October 18 2021?
More
likely not;
But
to understand it … we have to digest the situation by splitting it to subjective
and objective issue as the major acting group of interest behind the
scene;
Then
we have the second group of interest who
even made all possible and steal the election with upon all the prove presented by
Donald J. Trump and his team but also disregarded by the Chinese News Network
know as CNN and other Lamestream Media as propaganda machine who are currently
acting as the very first illegitimate US Gov itself who either manipulate or have stolen the 2020
election to get to office ... whose mind goes with the duration of these time office
period.
And
at the end we have the law makers as group of interest as US Congress who
are in the trader’s pocket as they expect to have few pennies here and few
pennies there for election to survive in Congress.
Because
the national debt at current level of the United States is a measurement of how
much the federal government owes its creditors the second group of interest
convince them. The
First group of interest have convinced the second group of interest that the
National Debt national debt is manageable and no cause for alarm:
While
the national debt can be measured in trillions of dollars, it is usually
measured as a percentage of gross domestic product (GDP), the debt-to-GDP ratio.
That's because as a country's economy grows, the amount of revenue a government
can use to pay its debts grows as well.
In
addition, a larger economy generally means the country's capital markets will
grow and the government can tap them to issue more debt. This means that a
country's ability to pay off debt—and the effect that debt might have on the
country's economy—is dependent on how large the debt is as a proportion of the
overall economy, not on the dollar amount.
The
national debt level of the United States (or any other country) is a measure of
how much the government owes its creditors.
The
ratio of debt to gross domestic product is more important than the dollar amount
of debt.
As of
Sept. 29, 2021, the U.S. national debt is $28.8 trillion and
rising.
Some
worry that excessive government debt levels can impact economic stability with
ramifications for the strength of the currency in trade, economic growth, and
unemployment.
Others
claim the national debt is manageable and no cause for
alarm
To
operate in this manner of spending more than it earns, the U.S. Treasury
Department must issue Treasury bills, notes, and bonds. These Treasury products
finance the deficit by borrowing from the investors, both domestic and foreign.
These Treasury securities also sell to corporations, financial institutions, and
other governments around the world.
By
issuing these types of securities, the federal government can acquire the cash
that it needs to provide government services. The national debt is simply the
net accumulation of the federal government's annual budget deficits. It is the
total amount of money that the U.S. federal government owes to its creditors. To
make an analogy, fiscal or budget deficits are the trees, and the national debt
is the forest.
Comparing
the national debt level to GDP is akin to a person comparing the amount of their
personal debt in relation to the value of the goods or services that they
produce for their employer in a given year. For the 2021 fiscal year, the U.S.
Treasury made $524,7 billion in accumulated monthly interest payments on U.S.
Treasury notes and bonds; Foreign and domestic series certificates of
indebtedness, notes and bonds; Savings bonds; Government Account Series (GAS);
State and Local Government series (SLGs); and other special purpose
securities.
The
Biden administration is considering ways to impose bank-like regulation on the
cryptocurrency companies that issue stable coins, … ,
including prodding the firms to register as banks.
What they did not explain among the issue here, that the liquidity are vanishing and the illegitimate Gov expanded Primary Dealers list to these liquidity assets on the basis of American and multinational investment management corporation as funds at this time be expanded as cryptocurrency funds and exhausted to these limits as dead end.
