EP231 - A theory on how you clear $34 Trillion of national debt

from CyPhrons: In Search of the Remnant · host Myles Wakeham

On January 3rd, the US Federal short term debt showed up at $34 Trillion dollars. This doesn’t take into consideration of the long term liabilities on the balance sheet of country that go to the promised social security & Medicare payments for seniors. That would add another $80 Trillion to the tally. But this simply is the accumulation of decades of losses on the profit & loss statement of the country. In this episode, I’m going to float a theory on how the USA will clear this debt quickly, but I don’t think you are going to like it…

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This episode was published on February 18, 2024.

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