5min chapter

Coin Stories with Natalie Brunell cover image

Insolvent Credit System is Unsustainable: 21 Min with James Lavish on Markets, Stock Buybacks, Bitcoin

Coin Stories with Natalie Brunell

CHAPTER

Are Interest Rates the Silent Killer?

Congressional Budget Office puts out reports periodically. They're projecting $4.8 trillion of revenues this year, tax collection. But we just add it up, everything and it's over $5 trillion. It's about $5.3, $5.4 trillion of expenses. And the interest expense on our debt is going to be $700 billion this year. The treasury just came out a few weeks ago and said they need to issue $932 billion of bonds this first quarter. So something is not adding up. If the United States was a company trading on the New York Stock Exchange, it would be a zombie company. Because we can't pay for our interest on our bonds

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