- The US national debt crossed $40 trillion in 2026 and is growing faster than the economy. The debt to GDP ratio now sits at 125%, the highest outside the pandemic and higher than World War II.
- On September 9, 2026, Treasury Secretary Scott Bessent rolled out an emergency plan for the government to lend money to itself. Ray Dalio now says the dollar has roughly three years before real pain.
- Empires rarely default. They debase. Since 1971, median household income grew about 8x while houses grew 17x and the S&P 500 grew 360x, so investors got richer while workers fell behind.










