US National Debt Already At $21 Trillion! Nasty Effects of Negative Compounding Approaching?

In only 1 year under President Trump, the US’ national debt has already increased by $1 trillion! https://www.zerohedge.com/news/2018-03-16/us-national-debt-hits-21-trillion

Putting this in context, total US debt has now risen by over $1 trillion in Trump’s first year… and the real spending hasn’t even begun yet. President Trump’s projected $1 trillion plus budget deficits (using supply side economic stimulus)

Jason shows with his calculator what 1% of $21 trillion is. So for every 1% increase in interest rates, the US Treasury will have to pay another $210 billion in interest payments! That’s less money for military spending and other things the US federal government spends big money on like federal government employees and agency budgets and also welfare programs.

Jason also shows how despite “Fedspeak” and rhetoric by former Fed Chairwoman Janet Yellen over the last year about wanting to drastically reduce their balance sheet that the Fed has not even reduced its balance sheet by $100 billion dollars yet! And, when the US Dollar Index dropped below key 89 support levels, the Fed (to try and stop the US Dollar Index from falling) may have actually started to increase its balance sheet again to try and get the US Dollar index to rally!

St. Louis Fed chart of total Fed Assets since 2003: https://fred.stlouisfed.org/series/WALCL

Please visit the Wall St for Main St website here: http://www.wallstformainst.com/
Follow Jason Burack on Twitter @JasonEBurack
Follow Wall St for Main St on Twitter @WallStforMainSt

Commit to tipping us monthly for our hard work creating high level, thought proving content about investing and the economy https://www.patreon.com/wallstformainst

Also, please take 5 minutes to leave us a good iTunes review here! We have 33 5 star iTunes reviews and we need to get to our goal of 100 5 star iTunes reviews asap! https://itunes.apple.com/us/podcast/wall-street-for-main-street/id506204437

If you feel like donating fiat via Paypal, Bitcoin, Gold Money, or mailing us some physical gold or silver, Wall St for Main St accepts one time donations on our main website.

Wall St for Main St is also available for personalized investor education and consulting! Please email us to learn more about it! If you want to reach us, please email us at: wallstformainst@gmail.com

source

Leave a Reply

Your email address will not be published. Required fields are marked *

payday smile logo

PaydaySmile.com is a financial technology company specializing in payday loans and financial solutions. With a keen focus on catering to payday lending needs, the company provides tailored loan options and tools to assist individuals seeking short-term financial assistance. It’s important to note that while we offer financial tools and resources, we are not a direct lender.

Advertiser Disclosure: This website is an independent, advertising-supported comparison service. The card offers that appear on this site are from companies from which this website receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). This website does not include all card companies or all card offers available in the marketplace. This website may use other proprietary factors to impact card offer listings on the website such as consumer selection or the likelihood of the applicant’s credit approval.

© 2024 PaydaySmile.com . All Rights Reserved.