Awake-In-3D:

Awake-In-3D:

The Fiat Currency Debt System is Heading Towards a Global Credit Market Freeze

On July 6, 2023 By Awake-In-3D

As if out of the script of a Hollywood disaster movie, the US Treasury has increased the national debt by over $850 billion in just one month. I am growing more convinced by the day that the Global Elitists and Banksters are deliberately accelerating the collapse of the Fiat Currency Debt System.

This staggering amount comes after Congress suspended the federal government’s borrowing limit for two years, leading to an alarming rise in debt. As of June 30, the national debt stood at a mind-boggling $32.33 trillion, crossing the $32 trillion mark within a week of the debt ceiling suspension. These numbers are a clear indication that the Fiat Currency Debt System is hurtling towards a total freeze of the global credit markets, creating a crisis of monumental proportions.

What You Will Learn in this Article:

The US Treasury increased the national debt by over $850 billion in just one month.
The national debt crossed $32 trillion within a week of the debt ceiling suspension.
Goldman Sachs projected that the Treasury would need to sell up to $700 billion in T-bills to replenish cash reserves.
Nonmarketable debt increased by $123 billion, while marketable debt rose by $728 billion.
The Treasury General Account (TGA) cash balance increased to $465 billion, falling short of the $550 billion goal.
The Treasury estimates the need to sell $733 billion in marketable securities during the third quarter.
The government tax receipts are dropping, necessitating further borrowing.
Spending cuts in the Fiscal Responsibility Act do not significantly impact total spending.
The Treasury’s borrowing spree drains liquidity from the markets.
Rising interest rates create upward pressure on corporate bonds, mortgages, and other debt instruments.
The national debt poses a significant challenge, and paying interest on it will become problematic if interest rates remain elevated.