US debt increased by $11 trillion in the past 4 years
The US Treasury has a morbid habit of revealing big, round numbers of debt around major calendar milestones, and the new 2024 year was no different because according to the latest Treasury Daily Statement published after the close today and reflecting the US Treasury’s financial statements as of Dec 29, 2023, total US debt as of the end of the year was – drumroll – just over $34 trillion for the first time ever, or $34,001,493,655,565.48 to be precise.
Since this is a topic we have covered more or less daily for our 15 year existence, we don’t need to say much suffice to show a chart of total US debt since zerohedge launched in Jan 2009, when total US debt was only $10.6 trillion. We sure have gone a long way since then.
Some context: US debt increased by…
- $1 trillion in the past 3 months
- $2 trillion in the past 6 months
- $4 trillion in the past 2 years
- $11 trillion in the past 4 years
… and so on. You get the exponential picture. At this point everyone knows how this ends – certainly the CBO does…
… but since there is no way to reverse the catastrophic outcome, there is no point in even talking about it. At best, one may only prepare for the inevitable hyperinflationary outcome, which would be good news to what is now over $1 trillion in interest expense: after all, someone has to devalue the currency all that interest is payable in.
High-end sex ring in Boston and D.C. areas was ‘honeypot’ scheme by Russia, China, South Korea or even Israel – to ensnare US officials, intelligence experts believe
- Investigators believe a network of high-end brothels operating in the Boston and D.C. areas was a honey trap to ensnare politicians and government officials
- But whether the plot was intended to aid Russia, China, South Korea – or even Israel – remains to be determined
- Clients, believed to include members of Congress, military officers, and national security contractors, have not yet been unmasked and charged
Intelligence experts are becoming increasingly convinced that six high end brothels in the suburbs of Boston and Washington, D.C. were set up by a foreign nation as an espionage ‘honeytrap’.
They believe the brothels – allegedly masterminded by a 41-year-old South Korean woman – targeted politicians, high ranking government officials and defense contractors.
But the mystery is which country was behind the scheme. Russia, China, Korea itself, or even Israel are al seen as possibly being behind the scheme.
‘Having the Koreans out front could have been a false flag to give China or another country plausible deniability if the plot unraveled,’ a one-time CIA senior operations officer told DailyMail.com in an exclusive interview.
The brothels were raided in November and prosecutors said they were looking to charge 28 people in Massachusetts alone.
Joshua Levy, the Acting U.S. Attorney for the state said his office will seek ‘accountability for the buyers who fuel the commercial sex industry’.
There was no evident motive to establish two cathouses in the greater Washington area, sources noted emphatically. None of the three defendants live anywhere near the capital and sex workers were flown in from Los Angeles or Las Vegas.
Han Lee, the alleged mastermind, Junmyung Lee, 30, and James Lee, 68 – all South Korean-born U.S. nationals – were charged in November with running the sex ring. The three Lees are not related.
Han and Junmyung both live in the Boston area so the locations of four of the brothels there made sense. James lives in Torrance, a suburb of Los Angeles.
Members of Congress, military officers, and national security contractors who ‘possessed security clearances’ were among the steady customers at the ‘high-end brothels’ run by the ring, prosecutors say.
The ring’s clients, who paid rates of up to $600 an hour, included corporate executives, professors, lawyers, and scientists.
To entice customers, the Lees allegedly set up websites whose purported purpose was helping photographers find nude female models looking for work. Investigators believe the ring had made more than $1 million by the time it was busted.
The Utter Insanity of Joe Biden’s Open Border
There have been more than 8 million illegal entries into the United States since Joe Biden was elected president. He appointed Alejandro Mayorkas as Secretary of Homeland Security, whose apparent prime directive was to destroy the southern border.
That task is precisely what Mayorkas has now accomplished. The result is that the border is neither “porous” nor “problematic,” but nonexistent, kaput, vanished—and by design.
In one of the most surreal experiences in the history of the United States, each night Americans see video clips of thousands of foreign nationals crossing the border en masse with complete impunity—as if the entire corpus of federal immigration law has been dynamited.
But by whom? And why?
As millions of citizens watch this travesty, they hear only from Mayorkas, Biden, and his Pravda megaphone, Karin Jean-Pierre, that the border is “secure”—a Baghdad Bob narrative that they know that we know is an utter lie.
Surely, this deliberate effort to destroy an entire border, to invite in millions of unchecked illegal aliens, and to violate oaths to execute faithfully the laws of the land are impeachable offenses for both Biden and Mayorkas. If not, what are?
Stranger still, Americans have no real idea why these revolutionaries are destroying our border.
Are they nineteenth-century anarchists who want to undermine the United States itself? Are they cynical “Demography is Destiny” and “The New Democratic Majority” leftists who need new dependent Democrat constituents to find votes for agendas that most Americans reject?
Do they want to create billions of dollars in new entitlements and subsidies to grow government, hike taxes, and make the upper middle class pay, as Biden puts it, “their fair share?”
Whatever the cause of this nihilism, there are at least 10 ways their open border is insidiously destroying the United States.