The phrase “fighting inflation with debt” is one of the funniest lines ever. For those not paying attention, the hand picked, by your overlords, politicians spend $2 trillion per year more than they collect in revenue and the Fed prints the fiat to cover that nut. This causes massive inflation. The government manipulated number of 4% is actually 10%, or more. Anyone who grocery shops or lives in the real world knows this. The Wall Street cabal Too Big To Trust banks, who own the Fed, then kindly step up “offering” credit at 20% interest to the ignorant masses, who gladly keep spending to keep up with the Joneses, pretending to be wealthy, while sinking further in debt.
The ignorant masses are now caught in a $5.1 trillion trap and their plan is to keep spending using credit as long as their overlords offer it. They are now paying their utility bills and property taxes with their credit cards. Sounds like a brilliant financial strategy. The only thing keeping this jenga tower of debt from crashing down immediately is the fact that anyone who is employed can generally make the minimum payment on their credit cards, as they trap themselves further in debt.
This is why the overlords have to pretend we are not in a recession by increasing government spending on wars, AI, welfare, and other worthless ventures. Extend and pretend is the name of the game. Until the rug pull, either engineered by the overlords or from some unanticipated external event, triggers the debt collapse. There is no avoiding this banquet of consequences.
US households are “fighting” inflation with debt:
Total consumer credit surged +$25 billion in March, to a record $5.14 trillion.
This marks the largest monthly increase since March 2025.
Revolving credit, which includes credit cards, jumped +$10 billion, to $1.34 trillion, the highest since November 2024.
This was also the biggest monthly increase since February 2024.
Non-revolving credit, mainly auto and student loans, rose +$15 billion, to a record $3.80 trillion.
As a result, total consumer credit has now surged +$1.05 trillion since the 2020 pandemic.
US consumers’ debt levels are skyrocketing.
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