28 August 2023
The US national debt is surging, with $97.7 billion added in one week, reaching a total of $32.759 trillion. Finance expert Larry McDonald warns of upcoming “financial repression,” as the Fed plans to keep real returns on savings below inflation. This tactic, part of a long-term strategy, is designed to decrease government debt and enhance the debt-to-GDP ratio without triggering hyperinflation, a delicate balance that requires a slow, 15-year approach rather than a quick, 15-month fix.