The Treasury Issues Money, Not Debt

Treasury Secretary Janet Yellen said on Friday that the United States will likely hit the $31.4 trillion statutory debt limit on January 19th. The only reason we have $21 trillion, I mean, when we had $21 trillion of debt, there was $21 trillion missing from the U.S. accounts. JPMorgan Chase is looking to start clearing precious metals trades in Zurich. It could be a lot of reasons behind this.