The Debt Jubilee in the United States

2min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

The interest on the debt that we've racked up is a trillion. That's going to get monetized. If we've lived beyond our means for 50 years, we're going to have to take a pay cut as a country. The US total budget under Reagan was a trillion. And now we're spending a trillion on the interest. But that which can't go on forever usually doesn't, right?

On this episode, Nate is joined by Doomberg - the anonymous energy/finance analyst team (visually presenting as a talking chicken icon) who uses an energy lens to analyze global trends in the economy, with so far some remarkable accuracy. In this wide ranging discussion, Doomberg and Nate cover the interactions between geopolitics, debt, climate policy, and - of course - energy. How have the narratives created around different types of energy - from renewables to nuclear - affected current policy making around the world? Will the increasingly precarious state of the global debt and monetary system shift the geopolitical landscape? How have increasing global tensions combined with a rise in green energy policy affected nations’ desire for energy security - and what does it mean for future policy as we enter a period of decreasing energy availability?

About Doomberg

In May of 2021, Doomberg was started by a team of professionals experienced in heavy industry, private equity, and the hard sciences to highlight the fundamentals missing from many economic and policy decisions, and it quickly grew to be one of the most widely read finance newsletters on Substack. Doomberg covers topics from energy, finance, to the economy at large, in an attempt to improve society's thinking and clarity to complex problems.

Watch on YouTube

https://youtu.be/pYkmJOhWtSU

Show Notes & More Info

https://www.thegreatsimplification.com/episode/83-doomberg