So who's going to pay the bills?

Congress passed more debt while most Americans were sleeping.

The markets reacted with glee.

DOW JONES

33710.44 621.52 +1.88%

S & P 500

4278.92 53.54 +1.27%

NASDAQ

14528.07 58.67 +0.41%

Investment funds dumped metals, as usual.

Gold 1950.20 1951.20

Change -27.20

Silv 23.57 23.68

Change -0.29

Plat 1000.00 1010.00

Change -6.00

US government debt$31 TRILLION

US corporate debt$22 TRILLION

US consumer debt$17 TRILLION

US government annual tax revenues are $5TRILLION

At this point, the US dollar hegemony needs to collapse because the answer is not simply continuing to kick the can down the road. Perhaps this is answer? BRICS nations say new currency may offer shield from sanctions while more than 30 countries want to join the BRICS.

sources:

>https://www.nbcnews.com/politics/congress/senate-passes-debt-ceiling-bill-sending-biden-become-law-avert-disaste-rcna87307

>https://fortune.com/recommends/credit-cards/consumer-debt-just-hit-a-collective-17-trillion/

>https://www.bloomberg.com/news/articles/2023-06-01/brics-nations-say-new-currency-may-offer-shield-from-sanctions

>https://moderndiplomacy.eu/2023/05/24/more-than-30-countries-want-to-join-the-brics/

>https://www.thebalancemoney.com/current-u-s-federal-government-tax-revenue-3305762

>https://webtribunal.net/blog/us-corporate-debt/ (Statista)

>https://www.kitco.com/mobile/

>https://www.usdebtclock.org/

>https://netdania.com