The U.S. government is insolvent. That’s not hyperbole — it’s the conclusion drawn directly from the Treasury Department’s own consolidated financial statements for fiscal year 2025, released last week to near-total media silence. The numbers: $6.06 trillion in total assets against $47.78 trillion in total liabilities as of September 30, 2025.
I cannot take anyone seriously who complains about government spending deficits and potential (or actual) insolvency, and then proceeds to support politicians and policies that are, as we speak, in the process of fully nuking the concept of the USD global standard through various fascinating and footgun-esque means, thereby making the spending deficits a concrete, catastrophic problem.