Martin Armstrong on National Debt

In Armstrong's latest "A Three Year Old With a Pocket Calculator Can Figure Out We are Screwed" he points out that:

If we just add up the total interest payments the government made from 1986 to 2006, it amounts to $6,141.1 billion. Now let's do simple math:

2006...$8,507.0
1986...$2,125.3
_______________
Total: $6,381.7
Interest: - $6,141.1

Rise in Debt: $240.6 billion

Has anyone noticed that the increase in national debt from 1986 has been in fact caused by interest rates and that the interest was in fact 96.2% of the total national debt rise in the 20 year period? Am I the only person that even sees this as a huge problem? We are spinning our wheels and we are going down with the ship faster than anyone seems to notice."

With the exponential increase in the national debt, the interest payments will become unsustainable in the next several years and we will face the very real possibility of default on debt and devaluation if not all out currency collapse.

What is your gameplan? How are you going to make it through food shortages, fuel shortages and pharmaceutical shortages? Bank closures...purchasing power collapses?

These are not pleasant thoughts but ones we need to consider and quickly. Hopefully none of this comes to pass. Don't be caught without a plan.