The US’s $34 trillion debt makes a global market crash imminent.

So America’s wars are burning a hole in the taxpayer’s pocket

America’s $34 trillion debt bomb threatens the whole world.

How is the world’s richest country also the biggest debtholder?

What is the world’s biggest concern right now ? The wars in Ukraine and the Middle East. They are causing a lot of instability, but what if I told you that far from these conflict zones there’s a new crisis emerging: a 34 trillion debt bomb. It is growing bigger by the day and causing Global anxiety. This debt bomb belongs to the

United States of America. The richest country in the world is also the biggest debtholder in the world. If this bomb explodes, it will cause global devastation. The warning comes from the boss of America’s biggest bank whose name is Jamie Diamond he’s the CEO of JP Morgan Chase. He says US debt endangers Global Security. This debt is huge.

As of today, US borrowing stands at 120% of its GDP. By 2035, this number is set to hit 130% of America’s GDP. This high level of debt is quite dangerous. Let me quote from what Diamond has said: if you look at that 100% debt to GDP by 2035 I think it’s going to be 130%.He’s talked about a scenario where high borrowing leads to higher charges to service this debt.

How does it pose a global threat?

For the security of the world, we need a stronger military. We need a stronger America. This is risky both for America and its allies and the rest of the world. Many of these allies have bought debt issued by the US government. I’m talking about government bonds, and their exposure is quite high around $7.6 trillion. That’s how much countries around the world have spent. They have bought this debt of 7.6 trillion dollars. The most vulnerable among them are American allies.

I have a list. Japan owns, rather, $1 trillion of US government debt. The United Kingdom

around $716 billion. Luxembourg: $371 billion, and Canada: $321 billion .

Why have so many countries invested in US government debt? Because they thought it’s a solid investment.

What happens if the United States defaults. All of these countries will lose money, and their economies will be exposed. Some of them are military allies of the US. Canada and the UK. They’re members of NATO. Japan is Central to US defense strategy in the East

If America defaults, it will leave all of them weaker, and this is the risk that the JP Morgan Chief is referring to. The other big risk of force, of course, is to the US itself. Such a high level of debt will hurt American defenses. Untamed debt could lead to a budget squeeze. The United States is the world’s biggest defense spender in 2022. It spent over $800 billion on defense, in contrast the national debt

surpassed 100% of the country’s GDP, which brings us to the obvious question: how did the US end up with so much debt?

One key reason is America’s many conflicts since 911. The United States has spent around $8 trillion on its wars. It means they’ve spent $8 trillion on wars in Afghanistan and Iraq.

$8 trillion for wars has been financed almost entirely through debt since 2001.These loans have ballooned, and the interest keeps piling up.

I have some estimates. From 2020, experts say the US borrowed some $2 trillion for its global war on terror by

In 2030, interest on these loans would spike to $2 trillion. It means the US will have to pay $2 trillion in principal and another $2 trillion in interest . So $4 trillion in all, and what happens if this interest keeps piling on if they don’t pay by 2050. The interest payment alone would be worth about six-and-a-half trillion dollars.

So America’s wars are burning a hole in the taxpayer's pocket, yet they haven’t tightened their belt. This debt is now the biggest vulnerability of the US, not an external enemy but its own growing pile of debt and it should worry t