Hello, fellow Rebel Capital So,

You're well, so I wanted to talk about a huge problem in the United States.

This, of course, is the United States debt.

It has exploded higher. In fact, in 2019, the debt was right around $22 trillion. Today,

$34 trillion.

Think about it, that is an increase of 50% plus,

just in a few years, up over 12 trillion dollars.

I mean, these are mind-boggling statistics.

And then when you include the fact that the deficits

are only going to increase, It's not like the debt to GDP is going to go down.

It might slightly, but over the long run, you know where that thing's going.

It's going straight. We're

going straight to Japan and look at the deficits as a percentage of GDP. We're

running wartime deficits right now as we speak and supposedly we have a quote-unquote booming

economy. So what happens if we do have a recession? What happens if it's a hard

landing? Then the deficit spending as a percentage of GDP is going to go, I mean to what, 15,

20, 30, 40 percent? And I can assure you at a certain point 100% of the tax receipts will go just to pay interest.

And once we cross that threshold, we're still going to go higher.

Then it's going to get to the point where 100% of tax receipts only pay for 75% of interest,

then 50%, then 25%. I can assure you this is going to keep getting worse. But the question is, why is this debt unsustainable? Is it because the Treasury market is going to completely reject all the new supply coming on and

the bond vigilantes are going to come out and say, no, we're not buying any more of your debt and

all of the foreigners are going to sell all of their

...