Well, did you see what's happening to the U.S. Dollar?

Well, while everyone was out celebrating 4th of July,

the Congressional Budget Office back in Washington, D.C. was busy preparing

their new numbers, their new predictions on what is going to happen with the U.S. dollar.

How much in interest payments we will need to pay as a country on the amount of money

that we're currently in debt over 32 or 33 trillion dollars in debt.

So all of that debt comes with some pretty heavy interest payments and

it turns out according to the CBO I love how they released this report

when no one's paying attention because everyone was

enjoying 4th of July. The CBO numbers, the Congressional Budget Office numbers,

show that already this year we We've spent $652 billion just on the interest on our debt. That

means that by the end of the year the projections from the CBO push it over $1 trillion just for the interest payments.

Now when you look at the amount of outlays from the US government, how much we're spending

from on all of our services, we're talking to Social Security, defense spending, all of those things.

Now our interest payments on our debt exceeds all of that.

And I love that this was buried on page 8 of the CBO report. By the way, page 1 of the new

Congressional Budget Office report is even, I mean it's equally astounding,

but it shows that we increased our amount of spending in the United States by 15% from this year over last year.

And the amount of revenue that we brought in this year over last year is down 9%.

Those two things are not good.

We're spending 15% more, hundreds of billions of dollars more and we brought in less and the value of the

US dollars being crushed and the only way to continue to make these payments in a reasonable clip somehow is to devalue the US currency.

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