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Larry Chiang and Friends Reading Peruvian Bull on Monetary Event Horizon

by Larry Chiang on July 15, 2023

Unedited by LarryChiang

Monetary Event Horizon

Peruvian Bull

⁦‪@peruvian_bull‬⁩

The United States is entering an exponential debt spiral.

Welcome to the Monetary Event Horizon.

A Thread ⚡️🧵👇 pic.twitter.com/LpcXIBIcc5

7/14/23, 9:44 AM

Peruvian Bull

⁦‪@peruvian_bull‬⁩

It now stands at a staggering $32.51 Trillion- a rate of $27B a DAY.

7/14/23, 9:53 AM

WordPress’d

Peruvian Bull

⁦‪@peruvian_bull‬⁩

This recent tsunami of new Treasury issuances could be indicative that the United States is entering what is called a debt spiral.

A debt spiral occurs when an entity, such as a person, business or country finds itself needing to borrow money in order to fulfill its existing…

7/14/23, 9:56 AM

WordPress’d

Peruvian Bull

⁦‪@peruvian_bull‬⁩

⁦‪@ThHappyHawaiian‬⁩ Oh, and this year so far, there has been $652 BILLION in interest expense incurred.

It’s only JULY.
(h/t ⁦‪@WallStreetSilv‬⁩ ) pic.twitter.com/XUCkeqXlNS

7/14/23, 10:19 AM

WordPress’d from my personal iPhone, 650-283-8008, number that Steve Jobs texted me on

https://www.YouTube.com/watch?v=ejeIz4EhoJ0

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