You know, we're, we're spending more on paying back our debt as a United States versus...

The debt we're adding.

But that we're adding...

So we're spending more, more than our defense budget, Pri for you and our defense budget is large I thought we're spending more on paying back our debt than the debt we're adding I think it's both yeah and here's the thing

Last month. I'm like oh oh my God, you know, we added 250,000 jobs, but what wasn't reported was we lost 685,000 jobs, and there's 8.4 million people working multiple jobs right now and so this account you should

follow this one Neil I think you would actually enjoy this account you might follow it already

it's the co b b b cobe cobeci letter have you seen this one

so check this out no I have a US consumers have added 3.4 trillion dollars in debt since 20 20 bringing the total record to a record

17.7 trillion credit card debt alone is up by 400 billion during this period

and reach a record of 1.3 trillion in Q1,

2024.

This is a two times faster paced in the four year run up

to the 2008 financial crisis.

At the same time, interest rate of this debt

has spiked from 16% to 23%.

And you can see that over here.

In the black line, this is the annual interest rate,

and then the consumer credit outstanding.

Look, it's like spiking over here in the red.

And so all these things are pointing to,

hey, it's not such a strong market.

You're looking at potential bank failures in the United States

...