April 9, 2020: As COVID-19 and “Lockdown Fever” grip the United States, virtually every response the Federal government can offer involves spending tons of money. They’re sending stimulus checks to taxpayers and subsidizing businesses seen as essential, like banks and airlines. As usual, the government is spending money it doesn’t have and never will. It couldn’t even live within its means in the good times, and now, in the bad times, Federal debt is set to explode. In this episode, Glenn Campbell explores what will happen when Federal debt reaches its saturation point. Right now, desperate investors are eager to buy any bond the government issues, because it is seen as the least-worst place to put their money, but an insatiable market can’t go on forever. Eventually, the Federal reserve must step in, buying bonds from the market and issuing new currency. This flood of new money will eventually result in massive inflation, even if it isn’t evident today. Glenn predicts that by the end of 2020, inflation will resemble that of the 1970s, and hyperinflation could be next. In clear and simple terms, he explains how money printing works and why it can’t be stopped.
==== LINKS AND FACTS RELATED TO THIS VIDEO
— As of the release date of this video…
— The yield on the 10-year US T-Note was 0.76%
— The Federal Reserve’s balance sheet was roughly $6 trillion (not $5) and rising rapidly.
— Ukrainian inflation peaked at 60% around 2015, but is now in a normal range of 3-5%. https://tradingeconomics.com/ukraine/inflation-cpi
— Government debt was discussed in previous episodes…
— Episode 22: “The 2020s: The Horrible Decade” https://youtu.be/0mRmEyz8J-U
— Episode 4: “Why the Next Recession Will Be a Doozy” https://youtu.be/C4OfWGHDTcY
— All episodes concerning the economic crash (but not coronavirus):
— All Coronavirus episodes in this podcast (not including this one): http://j.mp/ddpl_corona
==== NOTES ON THIS VIDEO:
— Script for this episode: http://philosophy.baddalailama.com/2020/04/usdebt.html
— Short link for this video: http://j.mp/dd_usdebt
— Same audio in native podcast format: https://demographicdoom.podbean.com/e/usdebt/
— Apple Podcast episode: https://j.mp/ddit_usdebt
— 1-minute excerpt of this episode on Instagram: https://www.instagram.com/p/B-4YUFJFYFb/
— This episode announced on Twitter: https://twitter.com/DemographicDoom/status/1248768165074669569
— References to this podcast on Twitter via “ddpc39” https://twitter.com/search?q=%23ddpc39&f=live
— This episode was written, recorded in the Haemotology Oncology Unit, Feldberg 7, at Beth Israel Deaconess Medical Center on 9 April 2020. (The venue is the same as shown in Episode 37.) It was edited across multiple states and released from Florida on 10 April 2020. https://w3w.co/corded.townships.trim
— Topline hashtags: #DemographicDoomPodcast #DDoom_Economy
==== PREDICTIONS IN THIS VIDEO
— Massive inflation is on the horizon in the USA, starting in 2020
==== PODCAST RESOURCES:
— To listen to all podcast episodes in sequential order, see YouTube playlists:
— Latest episodes first: http://j.mp/ddoompodcast
— Oldest episodes first: http://j.mp/dd_podcast
— For more resources on the global population crisis, see my Demographic Doom project at: http://DemographicDoom.com
— For articles and references on demographic issues, see my Twitter: https://twitter.com/DemographicDoom
— All my tweets on the coronavirus (Twitter hashtag “ddoom_corona”): http://j.mp/ddtw_corona
— All my coronavirus Instagram posts: https://www.instagram.com/explore/tags/ddoom_corona/
— For graphs and short videos, see my Instagram: https://www.instagram.com/demographicdoom/
— Podcast by Glenn Campbell http://Glenn-Campbell.com
==== MINOR CORRECTIONS FOR THIS EPISODE:
— I suggested in this episode that in 2020 the US government might spend $5 trillion while taking in only $2 trillion in taxes. As of the date of this episode, 2020 spending is almost certain to be much higher, like $7-8 trillion.
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