The US debt to GDP ratio has been over 120% since 2020. By IMF definition the US is in an economic death spiral. Unless drastic measures are taken (balanced bud

The US debt to GDP ratio has been over 120% since 2020. By IMF definition the US is in an economic death spiral. Unless drastic measures are taken (balanced budget amendment, massive cuts in spending for starters) by 2028 the death spiral will be irreversible and the US will be insolvent by 2042. This is because by 2028 all of the payments we make on the loans for all that printed money will only be going to the interest, not the principal, and the spiral will be inescapable. (unless they change all the rules/trow them away which is where things like war and The Great Reset come in. What does this have to do with the banks failing? There will be no more stimulus or bailouts, that's what. FDIC will be lucky if they can cover insured funds. Social Security it has already been reported will be bankrupt by 2033. The money supply has already contracted 2% and historically I think only once when that happened we didn't go into a deep recession or depression. Depression because of what I stated above is on the menu. Cling to your jobs, folks, save all the money you can, cut all unnecessary spending. The next decade if we're lucky will not turned out like last century, but I'm not holding my breath. All that free money given to cronies by politicians leads to this. This is why you have a god standard and don't use fiat currency. So you can' spend money you don't have politicians buying votes with bailouts and handouts.