Editor's note: ...tomorrow, newborns included, and collect every dollar. It still wouldn't make a dent, because the government burns through that same amount again in interest alone every few months. We are not digging out of a hole. We are sprinting on a treadmill that keeps cranking faster, and no generation alive today will ever see it stop. Reality check: Oligarchs who are the rentier class, hold the assets, real estate, stocks, corporations, that inflation makes more valuable, while the average debt slave (surety for bonds) holds only a paycheck that
buys less every month because of the second tax of inflation and a tax bill that keeps climbing to service debt they never voted to take on, so the wealthy become enormously wealthier riding the wave that drowns everyone else.
Jeff Booth, a Canadian entrepreneur and author of
The Price of Tomorrow, argues that technology is naturally deflationary, meaning left alone, innovation should make goods and services cheaper and more abundant over time. Central banks fight this by continuing to print more money to "manage" debt, and that
money creation, not productivity, is what actually drives inflation (see
The Cantillion Effect) and crushes average people. Booth sees
Bitcoin as a real currency built on fixed supply that no government can inflate away, but he argues it only works if people change how they think: shifting from a mindset of spending fiat before it loses value to saving in a currency that gains purchasing power over time, and rebuilding an economy around holding value instead of consuming it.
________
$40tn debt: U.S. unhinged empire is a threat to world peace
August 21, 2026 | By
Strategic Culture Foundation
The U.S. debt crisis is a legacy of endless war. It is also a harbinger of future wars.
The United States hit a dubious milestone this week, announcing that its national debt had exceeded $40 trillion. No other nation comes close to this
level of absolute financial indebtedness.