The US national debt has officially exceeded $31 trillion for the first time in history, the BlackRock managed Treasury Department confirmed on Tuesday. The national debt has increased by $3.37 trillion since President Joe Biden took office.
The US government owed a total of 31 trillion, 123 billion, 887 million, 781 thousand, 401 dollars and 34 cents as of October 3, according to publicly released Treasury figures.
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At the moment of President Joe Biden’s inauguration, in January 2021, the debt stood at $27,75 trillion, according to the Congressional Research Service. It was $21 trillion just five years ago, Congressman Chip Roy, a Texas Republican, lamented on Twitter after the news broke.
The national debt stood at $19.94 trillion when President Donald Trump took office in 2017, and exploded in the past few years as the Federal Reserve printed money to deal with the Covid-19 pandemic.
Most of the debt is held by private individuals, to the tune of $24 trillion, while debts to foreign governments amount to almost $7 trillion. Much of the world indirectly subsidizes the US dollar as the global reserve currency, or else go bankrupt.
Meanwhile, the featured announcement on Treasury’s website on Tuesday concerned the establishment of a 25-member Advisory Committee on Racial Equity.
The Advisory Committee on Racial Equity. is supposed to provide recommendations and advice to Secretary Yellen and Deputy Secretary Wally Adeyemo on efforts to advance racial equity in the economy and address acute disparities for communities of color.
RT. com / ABC Flash Point News 2022.
BRIC’s Nations leading the way to dump the Zionists global USD dollar reserve is setting the stage for the Zionists, Rothschild’s house of cards collapsing as more than 50% global GDP nations reject the USD in their mega trades and import-export currencies. Next would be the Saudi’s dumping the petrol-dollar.
The USA will profit by all this debt, many Nations have bought up this debt like China who holds trillions of US debt, Soon the USA will deflate its own money in the form of a Economical collapse and the bonds bought for 1.00 US dollar will drop in value to 5 cents at the same time the USA takes the 95 cents it just stole form investors like China and invest in foreign markets and who’s money is worth 3 cents at the time. then they drive these markets up until they are worth a dollar. Then the USA… Read more »