US debt is at the highest level in history. Cost of rent is at the highest level in history. Food prices are at the highest level in history. College tuition is at the highest level in history. Vehicle prices are at the highest level in history. Health insurance is at the highest level in history. Cost of childcare is at the highest level in history. Home prices are at the highest level in history. The money supply is at the highest level in history. This is what happens to prices when the currency is broken.

US debt just crossed $40 trillion against a roughly $30 trillion economy. @CathieDWood says debt measured against corporate equities is near record lows, and believes that is the number most people are missing. More in this month's “In The Know.” ⬇️

US DEBT PRESSURE INTENSIFIES: NATIONAL DEBT NEARS $41.1 TRILLION CEILING U.S. total public debt outstanding has crossed $40 trillion, leaving roughly $1 trillion of headroom below the current statutory debt ceiling of $41.1 trillion. Treasury data showed debt at about $40.05 trillion on August 18–19.

US federal debt has consistently overshot forecasts: US federal debt held by the public is up to 100% of GDP, its highest level since peaking near ~106% during World War II. Federal debt held by the public is the portion of US government debt owned by investors, businesses, and foreign governments, excluding intragovernmental holdings such as Social Security trust funds. This metric already exceeds the CBO's January 2017 forecast for this same debt level by ~15 percentage points. Similarly, the CBO's January 2009 forecast projected Debt-to-GDP would reach just ~42% by 2019. The actual ratio instead surged to a record ~78% by 2019, overshooting that estimate by ~36 percentage points. The CBO now projects Debt-to-GDP will rise to ~120% by 2035, though if forecasts continue overshooting by a similar ~15 percentage point margin, the actual ratio could surge closer to ~135%. US debt trajectory may be far worse than current forecasts suggest.

US debt crisis is going to bring corporate bonds onchain as corporates seek out cheaper financing from passive usd holders. Generally speaking this is going to eat hard into stablecoin demand. Why hold 0% yielding stables while usd is hyperinflating when you can at least own apple debt yielding 6%.

US DEBT INTEREST BILL IS BECOMING A MAJOR FISCAL PROBLEM US debt held by the public is projected to rise from 101% of GDP in 2026 to 120% by 2036. More federal revenue increasingly goes toward servicing existing debt rather than funding defense, infrastructure, healthcare or other priorities. Higher-for-longer interest rates would make the problem significantly worse.