I've been following the DC Bankruptcy situation for like 5 months now and here's what I found.
DC pretty much went bankrupt in 2000 and then 2001 plus some loans for favors carried them out until 2020 when they defaulted. They extended their default for 2 whole years and now they have nothing left. They made big problems with the Eastern Elites and China, who is also run by very corrupt People, spit in the Western Deep State's face.
Now with the last bits of cash, they are working on selling our stuff like arms and oil to sustain themselves. This can't go on forever. Soon they won't be able to afford their own employees anymore.
The Western Deep State goes all the way up to the BIS Bank. All of them from the BIS down are broke.
One of the reasons they are broke is because they made a business out of increasing debt but now, since most People are up to their forehead in debt, they can't expand anymore plus too many People stopped paying their debts and their taxes so there's no revenue stream coming into the Deep State.
Pretty much any day now I expect Gov to shrink because they can't afford it. I saw them handing out IOUs to People in Illinois like 8 months ago but I guess that was resolved. I know the Chicago Police Force is withering since the Police are abandoning them due to some reports I saw on how recruitment is down by 90%.
Eventually no employees means no enforcers. That chains just melt away folks.
Even that is limited for different reasons.
And who will bail them out? The IMF can't bail is out if we're all broke.
They’ve been selling our resources. Oil and weapons.