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
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