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Dave Troy :toad: (davetroy@toad.social)'s status on Thursday, 01-Aug-2024 07:57:35 JST Dave Troy :toad:

📄 NEW: “Peter Thiel and the American Apocalypse” The election is top of mind, but the debt ceiling remains an existential threat to the global economy — and Thiel’s network is signaling US debt default in Q1 2025. The dollar and your savings are at risk.
https://washingtonspectator.org/peter-thiel-and-the-american-apocalypse/
In conversation about 4 months ago from toad.social permalink
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  The Wide Angle: Peter Thiel and the American Apocalypse
  
  from Dave Troy
  
  Between the attempted assassination of Donald Trump, Joe Biden’s withdrawal from the race, and the rapid coalescence around Kamala Harris as the presumptive Democratic nominee, everyone’s rushing to update their political calculus. But there’s one recurring thread that haunts us that people aren’t yet talking about: the debt ceiling, which must be addressed once again by January 2nd, 2025. As I’ve reported in The Washington Spectator previously, any default on US debt would be unprecedented, sparking a global catastrophe with unpredictable outcomes. How soon we forget — in 2021 Moody’s estimated that default could mean the loss of at least

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