Financials Matter

"It's Not Just About Finance"

WARNING! 8 Trillion in Debt Due in 2024

How do you roll over nearly $8 Trillion in debt when there are no buyers?


The answer is simple, yet complicated.

But it’s what the USA is facing in 2024.


And the $7.6 Trillion maturing will accelerate the Global Sovereign Debt Crisis.


Like it or not, we are staring in the eyes of financial chaos for government debt.

And that doesn’t include the approximate $800 Billion of corporate debt that’s also set to mature in 2024.


Ironically (or NOT) the problem of having no buyers of our debt can be easily solved by…wait for it…RAISING INTEREST RATES.


Sorry to pop your bubble if you thought the FED was going to continue cutting rates.


And we recently wrote why rates will likely go up saying:


“Because O’Biden will need that as private capital flees government debt on a global level.”


READ:  Why the Fed is Not Satan  Feb 4, 2024 (HERE)


And READ:  Is the FED Now a Hedge Fund in Drag?  May 8, 2020 (HERE)


In case you missed it, the cost of borrowing has almost doubled compared to the amount initially forecasted for 2024.


Translation:  If we couldn’t afford to pay our debts when interest rates were the lowest in 5,000 years, you can rest assured we won’t be able to afford them now.


And even if we raise rates we will, still end up like Japan who has been forced to buy most of their own debt in the last two decades.


Funding 8 Trillion in Debt



In case you haven’t figured it out, maturing debt must be paid.

And governments due it by issuing NEW DEBT.

Otherwise, the bond markets go into a tailspin towards a rapid collapse.


Do you remember back in December when FED Chairman, Jerome Powell criticized the government saying how our national debt was “Unsustainable?”


From his interview on 60 Minutes:

“In the long run, the U.S. is on an unsustainable fiscal path. The U.S. federal government is on an unsustainable fiscal path. And that just means the debt is growing faster than the economy.”  


He took a lot of heat for that.

At the same time most of the foolish economists continue to blame the FED for everything.

But the truth is they DO NOT create money…the US Treasury does.

History is replete with examples of how everything always comes crashing down when governments borrow new money to pay off old debt.

Because those schemes depend on the “greater fool theory” also known as “confidence of new buyers.”


Unfortunately, when they stop buying…governments collapse.


And now that the debt/chickens are coming home to roost in 2024, we will feel the heat that was caused/accelerated by the fake Covid pandemic/Ukraine/Israel etc.


So, how are you prepared to deal with it?


Read our February newsletter (HERE) and find out.


Share this with a friend…especially if they blame the FED for everything.

They’ll thank YOU later.


And tell them:


We’re Not Just About Finance

But we use finance to give you hope.





Invest with confidence.
James Vincent
The Reverend of Finance
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