Part 9/12:
Global military expenditure surged approximately 7% last year, with notable increases across regions including America, Asia, and the Middle East. While defense budgets rise, social spending also accelerates, especially in aging societies. This increased government spending widens deficits, pushing debt levels to unsustainable heights.
In the US, federal spending outpaces revenue significantly, promising additional borrowing—about $2.4 trillion this year alone. This trend foreshadows increased fiscal stress and potential currency crises.