Ep.3 - The elephant in the room

An episode of the Black Box - English version podcast, hosted by Guido Brera - Chora Media, titled "Ep.3 - The elephant in the room" was published on October 4, 2023 and runs 10 minutes.

October 4, 2023 ·10m · Black Box - English version

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Summary

With more that 32 trillion dollars in public debt, the United States are the country with the largest debt on earth. China and Saudi Arabia are no-longer buying American government bonds, and as the next Presidential election looms, many are starting to fear a new government shutdown: where federal activities are put on hold because the government can’t pass a budget legislation. The considerable increase of public debt in the USA and in the West as a whole, is going to cause serious expense containment measures, and severe service cuts. Once again, those who will suffer the most aren’t just the weakest classes and minorities, but also the middle class, fully-employed workers and small investors.

Episode Description

With more that 32 trillion dollars in public debt, the United States are the country with the largest debt on earth. China and Saudi Arabia are no-longer buying American government bonds, and as the next Presidential election looms, many are starting to fear a new government shutdown: where federal activities are put on hold because the government can’t pass a budget legislation. The considerable increase of public debt in the USA and in the West as a whole, is going to cause serious expense containment measures, and severe service cuts. Once again, those who will suffer the most aren’t just the weakest classes and minorities, but also the middle class, fully-employed workers and small investors.

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