🇺🇸Americans now carry $18.39T in debt — up $4.2T since 2019.
But totals aren’t the real story.
Every debt crisis ends the same way: currency debasement.
The cracks are here:
• Credit cards: 12.3% delinquent (near ’08 peak)
• Auto loans: 5% (14-yr high)
• Student loans: 10.2% on $1.6T
2008 didn’t have the student loan bomb. Today it does.
The Fed is cornered:
•Cut rates → Inflation roars back
•Hold rates high → Debt spiral accelerates
They can choose the speed, not the destination.
And when consumer spending (70% of GDP) buckles, the loop starts:
Defaults → layoffs → more defaults.
The playbook is always the same:
– Deny the problem
– Call it “transitory”
– Panic measures
– QE infinity
Meanwhile, Bitcoin stays at 21M.
The dollar? Headed for debasement.
Build your Lifeboat.
