Ferguson’s Law: Any great power that spends more on debt than on defense is likely to cease being a great power.
Peter St Onge, Ph.D.
 @profstonge
Nov 7
The national debt just hit $38 trillion. 2 months after we crossed $37 trillion. This comes to $287,000 in for every household in America -- up $40,000 in the last year alone. Congress is spending us into bankruptcy.

Nov 8, 2025 · 2:17 PM UTC

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Replying to @biancoresearch
Does it matter if said great power controls the world's reserve currency and can print money at will?
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They all did until the moment when they spent too much on their debt. See Spain, the Netherlands, the British, and China.
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Replying to @biancoresearch
Empires rarely fall from external threats - it’s usually the weight of their own debt that bends them. History doesn’t repeat, but it sure rhymes.
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Replying to @biancoresearch
Love his work!
Replying to @biancoresearch
Brilliant. You’re quickly becoming indispensable to the community Jim. Others reposted their UP ONLY narrative on the morning of the top tick for the next decade.
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Replying to @biancoresearch
What is the difference between these two declarations? 1. I take your land (Canada, Greenland) 2. I won’t pay my debts. None! The USA will default in some way. Again.
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Replying to @biancoresearch
Considering our defense budget is obscene, this is way worse than that graph represents.
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Replying to @biancoresearch
This thread explains many of the issues we see today.. and also provides steps to actually fix the root cause
AquaVis
 @AquaVisX
Oct 16
Replying to @AquaVisX
4/ PRINTING MONEY TO PAY INTEREST The US added more debt in the last 4 years than its first 220 years combined. Interest payments > defense spending - historically, when great powers spend more on interest than defense, they cease to be great powers. Ferguson's Law in action. The math is grade school simple.
Replying to @biancoresearch
Rahm Emmanual may be the first candidate to discuss this and propose action openly. I think this issue will/should dominate 2028. Will someone dare to ask this question to the current 'naked emperor' in the WH?
Replying to @biancoresearch
Miracle production boosters to solve debt crises: Spain - Got gold from Inca's British - Started Slavery and cheap commodities from India, China and Africa China - pending (robots?)
Replying to @biancoresearch
Result of H4L directly. Wall Street sucking the blood of Main Street. It was a long time coming:
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Replying to @biancoresearch
Regression to the mean?
Trader 88
 @bunchofnumberz1
Nov 5
1000 years of history says $GLD and $SLV go much higher from here.
Replying to @biancoresearch
America's only hope now is to dramatically increase growth with AI
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Replying to @biancoresearch
I knew it, we just need to lower interest rates to zero again to be a great power. So easy!
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Replying to @biancoresearch
We better increase defense spending then. A lot!
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Replying to @biancoresearch
Jim....whos replacing us? China? Have you seen their stimulus amount to nothing?
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Replying to @biancoresearch
Yeah okay now do China
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Replying to @biancoresearch
I think this might be from Giovanni Arrighi, long 21st century... Financialization is one sign of nearing the end of hegemony.
Replying to @biancoresearch
Can you run that chart for China?
Replying to @biancoresearch
they desperately need rates back at 0, also because their commercial real estate is fukked
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Replying to @biancoresearch
Old people invest in government debt. The issue is that the birth rate is low and there's usually little point in war if it doesn't permit conquest. Young countries with high debt can go bankrupt and rapidly mobilize, industrialize, etc. Age matters more than money.
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Replying to @biancoresearch
@grok is that the case for most countries including China etc????? We’re of course counting ALL debt
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Replying to @biancoresearch
Once rates come down it should normalize but this trajectory is clearly unsustainable. Need spending cuts and additional revenue.
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Replying to @biancoresearch
⏳⏳
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Replying to @biancoresearch
We could just print the money instead of borrowing. That works fine if you restrain inflation with tax. No reason for crazy interest payments.
Replying to @biancoresearch
well
The Kobeissi Letter
 @KobeissiLetter
6h
Data center-related debt issuances is exploding: US secured debt issuance tied to data centers is projected to reach a record $25.4 billion in 2025. This would represent a +112% jump from the $12.0 billion issued in 2024. Since 2022, data center debt issuances have skyrocketed +1,854%. Meanwhile, BofA estimates there is already ~$49 billion in data center Asset-Backed and Commercial Mortgage-Backed Securities (CMBS) outstanding. The AI investment boom is spurring widespread borrowing.
Replying to @biancoresearch
GIF
Replying to @biancoresearch
What about DOGE? How much did that end up COSTING US instead of finding all sorts of non-existent “waste fraud and abuse” .
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Replying to @biancoresearch
Is China in the same position?
Replying to @biancoresearch
Debt won’t matter in post-AGI world
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