NEWS
Breaking News: Tesla Billionaire Elon Musk Declares ‘Financial Emergency’ As $35.7 Trillion ‘Debt Bomb’ Primes A Bitcoin Price Boom To Rival Gold…see more
“Just the interest payments on the debt are 23% of all federal tax revenue,” Musk said during a Trump campaign rally, later calling the situation a “financial emergency” on X. “The interest payments now exceed the Defense Department budget, which is $1 trillion a year. That’s a lot of money.”
The bitcoin price has returned to just below its all-time high of $70,000 per bitcoin this year, rocketing higher along with the gold price, as investors bet higher interest rates combined with a huge increase in deficits will create a feedback loop, forcing governments to print more money.
U.S. national debt has skyrocketed in recent years, crossing the $34 trillion mark at the beginning of 2024, largely due to Covid and lockdown stimulus measures that sent inflation spiraling out of control and forced the Federal Reserve to hike interest rates at a historical clip.
Breaking News: Rey Misterio Sr, Uncle Of WWE Hall Of Famer, Passes Away At 66, Weeks After Family Tragedy This tragic news come mere weeks after the loss of Roberto Gutierrez, Rey Mysterio Jr.’s father and Dominik’s grandfather, who passed away on Nov. 17 at the age of 76.
Breaking News: Jennifer Lopez and ex-husband Ben Affleck determined to stay ‘in each other’s lives’ after divorce…see more
Breaking News: Blake Lively Sues It Ends with Us Costar Justin Baldoni for Sexual Harassment, Claims He Caused Her ‘Severe Emotional Distress’…see more
Breaking News: Dennis Rodman offers apology to soccer star daughter after she rips him on podcast…see more
Breaking News: After the Throne for ordained by Prince William, he make Amend with his brother Prince Harry…see more
WHAT TO KNOW: Paul Pogba’s brother Mathias sentenced to three years in prison after court finds him guilty of plot to extort ex-Man Utd and Juventus star….see more
Breaking News: Britney Spears’ mental health worries again: She wants people to back off and leave her alone…see more
Watch Video: Britney Spears drops viral dance video that’s too fierce to miss
Breaking News: Trinity Rodman Details ‘Realistic’ Relationship With Father Dennis Rodman: ‘He’s Not a Dad’…see more
Breaking: LeBron James Is Thrilled After Daughter Zhuri Chooses His Number for Her Volleyball Jersey: ‘LETS GO BABY Z’…see more
Luigi Mangione Returns to New York to Face Federal Murder Charges that Could Carry Death Penalty…see more
