[Home] [Headlines] [Latest Articles] [Latest Comments] [Post] [Sign-in] [Mail] [Setup] [Help]
Status: Not Logged In; Sign In
|
National News See other National News Articles Title: The US has a $6 trillion problem over the next twelve months by Sovereign Man Friday, Feb 02, 2024 - 6:43 by James Hickman via Schiff Sovereign Yesterday the Treasury Department announced that they expected to increase the national debt by a whopping $760 billion this quarter alone… and another $202 billion next quarter. In short that means almost $1 trillion added to the national debt just in the first half of this year. And, again, these are the Treasury Department’s own estimates. Obviously, that’s a pretty horrible result; even a senior Treasury official acknowledged that they have “significantly increased” their bond sales and the national debt. Not that they’re doing anything to stop the trend. But there’s an even greater risk that the Treasury Department faces this year that is hardly being discussed anywhere. Over the next twelve months, more than $6 trillion in existing US government debt is set to mature… and will need to be paid back somehow. So, to give you an example, back in 2014, the federal government issued $264 billion in 10-year Treasury notes. Well, it’s now 2024, i.e. ten years later. Meaning that $264 billion worth of 10-year notes issued in 2014 will become due and payable this year. In 2017, they issued $368.8 billion worth of 7-year notes. And those 7-year notes issued in 2017 are due and payable this year. Now, this doesn’t actually increase the national debt. If they borrow $6 trillion in new bonds, but then pay back $6 trillion in old bonds, the net change to the debt is ZERO. So, what’s the problem? The problem is that interest rates are MUCH higher than they were 2, 3, 5, 7, and 10 years ago when those old bonds were first issued Poster Comment: $6 trillion in rollover debt plus $3 trillion in new debt equals $9 trillion in money printing. Post Comment Private Reply Ignore Thread Top • Page Up • Full Thread • Page Down • Bottom/Latest
#1. To: Horse (#0)
The FED has had its hand in the cookie jar far too long. It is as Andrew Jackson said of the bankers, "You are a den of viers and thieves and by the Almighty I shall rout you out." ) "When bad men combine, the good must associate; else they will fall, one by one." Edmund Burke
|
||
|
[Home]
[Headlines]
[Latest Articles]
[Latest Comments]
[Post]
[Sign-in]
[Mail]
[Setup]
[Help]
|
||