The Arithmetic Behind America's Debt Service

In this appearance on the And We Know Show, Dr. Kirk Elliott breaks down the Treasury's announcement that it will double the size of its long dated bond buybacks, and explains why he views that step as a form of quantitative easing under a different name. He then traces how quickly federal debt has accumulated, noting that it took more than two centuries to approach the first trillion dollars and far less time to reach its current level. Elliott walks through the arithmetic of debt service, showing how the annual interest cost would change if interest rates returned to their long term historical average rather than the lower levels of recent years. He also revisits Project mBridge and Deutsche Bank's agreement to settle in Chinese currency or gold, and discusses how retirement accounts can hold physical metals. He points listeners to his ebook, The Bullion Blueprint, on why bullion differs from collectibles and commemoratives, and invites viewers to schedule a consultation with the KEPM team.