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Trump Administration Planning to Hijack the Fed - The Peter Schiff Show Ep 1037

The Peter Schiff Show Podcast

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Rising Debt and Interest Challenges

This chapter explores the daunting increase of the U.S. national debt, surpassing $37 trillion, and highlights the significant burden posed by $1.2 trillion in interest expenses. The discussion scrutinizes the misconception that the debt is merely internal, revealing the substantial foreign holdings and stressing the government’s obligation to its citizens. Additionally, the chapter examines the historical context of interest rates and the potential implications of rising rates on fiscal sustainability amidst growing annual deficits.

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