It Took 211 Years to Borrow $2.3 Trillion. Congress Just Did It in Twelve Months.
• https://www.lewrockwell.com, Schiff SovereignThat's how much the national debt grew by in fiscal year 2026, which just ended last week on September 30.
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That's how much the national debt grew by in fiscal year 2026, which just ended last week on September 30.
The proposed $1.5 military budget for next year is only the tip of the iceberg. Actual military spending and military-related spending will bring the bill up closer to $2.5 trillion. Is this sustainable? Also today: Trump is sending another Carrier G
Do you know how much GDP comes from the government in a socialist/communist state? It's 100%.
Brutus feared that unlimited borrowing power would eventually overwhelm political restraint. Congress has accumulated 40 trillion reasons to reconsider that warning.
U.S. President Publicly Admits Plan To Monetize National Debt Via Inflation
U.S. bonds have no buyers
Developments in the bond market deserve our full attention. Rising government bond yields affect far more than bond portfolios: they influence mortgages, business financing, equity valuations and the cost of servicing public debt.
We finally did it. We crossed 40 trillion dollars ($40,000,000,000,000) in national public debt on August 18, 2026.
Ten-Year Treasury Yield Spikes To Highest Levels Since 2007, Near-Infinite AI ROI Drivers Render Corporate Borrowing Inelastic To Rates, etc...
Credit crunch looms as bond traders force higher yields, threatening debt sustainability across US, Europe, Japan and beyond
...and obligations, some $3.1 trillion, which represent an increase of $1.3 trillion in just 3 months...
What Bessent, the Treasury Secretary, is doing is absolutely nonsense.
Every now and then an event takes place that fundamentally alters society on a massive scale.
War and sovereign debt are merging into a vicious spiral that will determine which nations survive the coming monetary crisis.
That's their magic trick.
Douglas Macgregor discusses the growing pressures surrounding the Ukraine war, Western economies, energy prices, inflation, and U.S. national debt. He examines Russia's position, Europe's economic challenges, and the potential consequences of ris
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But slow arithmetic is still arithmetic, and both exhibits describe the same fact: the debt now influences the price of the debt.
If the people running these institutions can't clearly see the risks, how can investors or regulators?
What follows are a series of brief reflections (part of a much broader work in progress) on debt, credit, and virtual money: topics that are, obviously, of rather pressing concern for many at the current time.
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Japan Japan projected to pay an all-time high 16.59 Trillion Yen ($108 Billion USD) in debt interest next year
Last week, Treasury Secretary Scott Bessent sat down for a fireside chat at Southern Methodist University in Dallas and told the room what the plan is for the national debt.
As the official federal debt hit the $40 trillion mark and attracted a lot of negative publicity, Treasury Secretary Scott Bessent tried to reassure CNBC's Sara Eisen in an August 20 interview that there is nothing to worry about:
As the official federal debt hit the $40 trillion mark and attracted a lot of negative publicity, Treasury Secretary Scott Bessent tried to reassure CNBC's Sara Eisen in an August 20 interview that there is nothing to worry about:
Bond yields are ripping today, with the 10-year climbing above 4.9% and at the highest level since 2007. Meanwhile, the 30-year yield has risen above 5.3 percent, the highest level seen since 2002.
This is the largest buyback in over 3 months.
While on the topic of US Treasuries and debt, it's worth reminding ourselves that ultimately every debt crisis ends the same way.
Rising yields are turning sovereign debt from an abstract fiscal problem into an immediate budget constraint.
"September Intervention" - CENTCOM attacks IRGC - Tropical Storm Edouard - Scott Bessent G20 Meeting - Head of Snake cut off - Iran cut off from US financial system BRICS currency vs US Treasury Dollar