USA DEBT BURDEN NOW IMPOSSIBLE TO FIX

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“U.S. Interest Burden Hits 28-Year High, Escalating Political Risk.”

It’s talking about the interest the federal government pays on its outstanding debt. According to the report…

The U.S. debt interest-cost burden climbed to the highest since the 1990s in the financial year just ended, escalating the risk that fiscal worries limit the policy options for the next administration in Washington.

Since when have fiscal worries slowed down Washington? We’ll just borrow more, right? Uncle Sam already owes $36 trillion. What’s a couple trillion more among friends? Well, maybe. But that’s getting harder now. 

The U.S. Treasury paid $882 billion in net interest payments during the fiscal year ending in September. That’s an average of $2.4 billion a day in interest payments. And that works out at more than 3% of annual GDP. Let’s break that number down further. Uncle Sam’s budget deficit is about 6% of GDP. About half of that is current spending. The other half is debt service. And a 6% budget deficit is something generally only seen in times of war or deep recessions when tax payments fall and the government boosts spending to stimulate demand. 

Well, the US is not fighting a war right now, and last I checked, the economy was growing at a brisk 3% clip. 

The budget deficit has blown out – and it is all but impossible to fix – because half of the budget deficit will pay the interest on prior years’ ill-advised spending. If the government were to balance the primary budget tomorrow – and the odds are better of you winning the lottery – they would still be looking at deficits of 3% of GDP due to interest expense on existing debts. So, to balance the budget, they need a budget surplus of 3% of GDP. And even that wouldn’t pay down the debt. It would simply cover the interest payments. 

Inflate or Die

This is the hole US leaders have dug the country into. Neither Trump nor Harris has a viable plan to get them out of it. Both have pledged to find extra-large shovels to dig even deeper. 

The only way those debts get paid down is in dollars that have been deeply depreciated due to inflation. 

It’s inflate or die for Uncle Sam. This is why bitcoin, gold, and other dollar hedges are core, long-term holdings for us at The Freeport Investor. And that’s why you should keep some in your portfolio, too. As the value of the dollar continues to inflate away, dollar hedges will continue to climb.

Biblical prophecy tells us what this impossible-to-fix debt burden leads to, the WEF Great Reset and a one-world government with a demonically empowered leader, the Antichrist.

WORLD ECONOMIC FORUM 2024 AGENDA, PART 3

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I have already covered 1. The Pagan Ritual established the Satanic authority that WEF is operating under. 2. The precursor to the Mark of the Beast – a Digital ID and now we come to 3. Global Taxes that will fund WEF’s agenda.

3. Global Taxes

True global governance requires money and authority — and the WEF discussed measures that would expand both at our expense. One speaker at the 2024 World Economic Forum advised that global bodies impose, not one, but two global taxes on the entire world. “Let’s start taxing carbon,” advised Amnesty International Secretary General Agnès Callamard at Friday’s WEF panel on “global risks.” She added that governments should enact “not just [a] carbon tax. The U.N. General Assembly has adopted a resolution … on the necessity to have a global tax regime, so that actually we can raise the money required for all [the U.N.’s proposed] changes. … Let’s tax the corporate interests.”

The Biden administration took the first step toward such a tax in 2021, when it supported a “Global Minimum Tax.” The Organisation for Economic Co-Operation and Development (OECD) agreed to an outline of a 15% tax, which would allow foreign nations to tax U.S.-based corporations. According to the OECD’s latest update, 55 nations have begun adopting the putatively voluntary guidelines, “with the rules coming into effect in 2024.”

President Joe Biden has also taken advice from carbon tax advocates. The Obama-Biden administration’s science czar, John Holdren — who wrote a book outlining an Orwellian global regime, including forced abortions for Americans with discredited climate alarmist Paul Ehrlich — “worked closely with the Biden campaign,” according to The New York Times. In 2007, Holdren proposed “a global framework” to impose “a substantial price on carbon emissions in all countries,” preferably via a “carbon tax.” This global tax would conclude with U.N.-strength IRS confiscating and “transferring some of the revenue produced by carbon taxes” away from the West. Such taxes fall hardest on the poor and make reliable energy less accessible. In office, Joe Biden has ordered all federal agencies to write regulations assessing the “social cost of carbon.” Presumably, the global ID would make it more difficult to avoid paying a global tax. It is obvious that beginning with Obama the Democrats were open to transferring power to a global elite of which Obama would take a leading role.

WORLD ECONOMIC FORUM 2024 AGENDA, PART 2

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I have already covered the fact that WEF concluded its Wednesday forum on “Climate and Nature” by inviting a shaman to carry out a pagan ritual for the healing of the planet, because “the healing is spiritual.” This established who is really controlling the outcome of this conference and it is certainly not the Holy Spirit.

The most important item on WEF’s meeting agenda: A Digital ID to Track each person’s Whole Life

One of the elitists’ central conceits is that they have the right to surveil every aspect of their subjects’ lives, for their own good. One invaluable tool in the effort is a mandatory identification card that puts as much information as possible at the government’s fingerprints — as noted during WEF’s Thursday panel on “financial inclusion.” Queen Máxima of the Netherlands (whose grandfather, Prince Bernhard of Lippe-Biesterfeld, co-founded the Bilderberg Group in 1954) urged governments to adopt a “ubiquitous” ID card that is “digital” and “biometric.” Such an ID can not only provide surveillance over the financial industry, she said: “It’s also good for school enrollment,” and to see “who actually got a vaccination,” as well as facilitating the redistribution of wealth to see that welfare recipients and other favored classes “get your subsidies from the government.”

The WEF has discussed digital IDs and apps for years. In 2022, Alibaba Group President J. Michael Evans announced that he was developing new technology “for consumers to measure their own carbon footprint.” This device would monitor “where are they traveling, how are they traveling, what are they eating, what are they consuming on the platform.” Of course, if the individual can measure his or her carbon footprint, so can the government — which can then microtarget and micromanage individuals’ lives. “We don’t have it operational yet,” Evans said two years ago, “but this is something that we’re working on.”

For his part, former President Donald Trump vowed this month he’d “never allow the creation of a Central Bank Digital Currency,” or CBDC. “Such a currency would give the federal government absolute control of your money,” a proposition he called a tool of “government tyranny” and “a dangerous threat to freedom.” (He credited his position, which he adopted the day after the Iowa Caucus, to Vivek Ramaswamy.) This is one of the reasons the elite will make sure Trump does not win the next election.

What we see unfolding now fits with what the Apostle John describes in Revelation: the ruler of a vast empire having power and great authority, given to him by Satan himself (Revelation 13:2). This ruler receives worship from “all the world” (Revelation 13:3–4) and will have authority over “every tribe, people, language and nation” (Revelation 13:7). This person will truly be the leader of a one-world government that is recognized as sovereign over all other governments.