National Debt

Senator Lummis Proposes Bitcoin Strategic Reserve Bill to Bolster US Economy 

July 28, 2024 Bitcoin.com

Bitcoin

At the Bitcoin 2024 conference, Republican U.S. Senator for Wyoming, Cynthia Lummis, introduced the “Bitcoin Strategic Reserve Bill” aimed at establishing a strong bitcoin reserve to mitigate the national debt and strengthen the economy. The bill proposes converting federal assets into bitcoin (BTC), capitalizing on its appreciating value without raising taxes. Bitcoin Reserve Bill Introduced […]

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JPMorgan Chase Issues Warning To Investors As US National Debt Hits $34,997,540,505,103

July 28, 2024 The Daily Hodl

bank

The US national debt is closing in on $35 trillion, triggering a warning to investors from analysts at JPMorgan Chase. According to new data from the Treasury, the total outstanding public debt amounts to $34.99 trillion – or $34,997,540,505,103 to be exact – as of July 25th. That’s up from $32.59 trillion just one year […]

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RFK Jr. Pledges to Ensure US Government Holds 4 Million Bitcoins as Strategic Reserve if Elected President

July 27, 2024 Bitcoin.com

Bitcoin

U.S. presidential candidate Robert F. Kennedy Jr. (RFK Jr.) has promised significant bitcoin-related changes if elected. On day one of his presidency, he plans to transfer 200,000 bitcoins to the U.S. Treasury and mandate the government to purchase 550 bitcoins daily until a strategic reserve of 4 million bitcoins is reached. He also pledged to […]

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US Debt Explodes $876,000,000,000 in Six Months As Ex-CIA Director Says America’s Balance Sheet Is National Security Threat

July 7, 2024 The Daily Hodl

Daily Hodl

The US national debt is rising at a blistering pace. New data from the Treasury Department shows the nation’s outstanding debt jumped from $33.990 trillion on January 2nd of this year to $34.866 trillion on July 2nd. That’s an increase of over $876 billion in a matter of six months. The US government’s surging debt […]

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$215,653,379,240 Added to US National Debt in One Month As Former White House Official Warns America on Brink of Fiscal Abyss

June 29, 2024 The Daily Hodl

Daily Hodl

The U.S. just added $215.65 billion to the national debt in a span of only 30 days. According to new data from the U.S. Treasury, the national debt rose from $34,534,845,450,747 on May 15th to $34,750,498,829,987 on June 15th. As of last month, the interest being paid on the debt already exceeded the amount spent […]

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Economist Peter Schiff Advises Against Buying US Dollars — Warns of USD Breakdown

May 30, 2024 Bitcoin.com

bitcoin.com

Economist Peter Schiff cautions against buying U.S. dollars or selling gold, citing rising Treasury yields as a result of the government’s failure to control the national debt and inflation. He notes the widening trade deficits, suggesting an unproductive economy will further weaken the dollar and increase prices. Schiff Warns Against Buying US Dollars Economist and […]

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$582,381,000,000 Added To US National Debt Since January As JPMorgan Chase CEO Issues Warning on America’s Fiscal Future

May 22, 2024 The Daily Hodl

Chase

The US has added well over half a trillion dollars to its national debt since the start of 2024 as the CEO of the world’s largest bank issues a warning on the state of America’s balance sheet. According to new data from the Treasury, as of May 14th, the US national debt grew by $582.381 […]

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US National Debt To Shatter $141,000,000,000,000 As Massive Borrowing Threatens Dollar’s Reserve Currency Status Over Next Three Decades: CBO

April 12, 2024 The Daily Hodl

Daily Hodl

The Congressional Budget Office (CBO) projects deficits will run wild as the US national debt surpasses a staggering $141 trillion by the year 2054. In a new budget outlook report, the non-partisan federal agency estimates that the United States’ GDP will reach $85.2 trillion in three decades, but that debt will be 166% of that, […]

The post US National Debt To Shatter $141,000,000,000,000 As Massive Borrowing Threatens Dollar’s Reserve Currency Status Over Next Three Decades: CBO appeared first on The Daily Hodl.

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$677,000,000,000 Added To US National Debt in Three Months As BlackRock CEO Warns Situation ‘More Urgent Than I Can Ever Remember’

March 31, 2024 The Daily Hodl

Daily Hodl

The US government just added more than half a trillion dollars to its balance sheet in three months. Data from the Treasury Department’s Debt to the Penny database shows the national debt rose from $33.896 trillion on December 27th to $34.573 trillion on March 27th – an increase of $677 billion. The CEO of the […]

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Galaxy CEO: US Debt Crisis Drives Demand for Bitcoin

March 30, 2024 Bitcoin.com

Bitcoin

Galaxy Digital CEO Mike Novogratz has proposed several measures to prevent a U.S. debt spiral. The executive explained that the U.S. debt crisis makes it “so easy to convince people to buy bitcoin and other hard assets.” He emphasized that implementing these measures could give the U.S. a chance to avoid a “debt death spiral.” […]

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