Will Debt Sink The American Empire? - In The Tank #455

The Heartland Institute’s Donald Kendal, Chris Talgo, and S.T. Karnick present episode 455 of the In The Tank Podcast. The national debt is currently closing in on $35 trillion. Even more alarming, the cost of maintaining that debt is approaching $1 trillion annually - this is just the interest payment on the debt! Is this sustainable? Also, how long will the dollar remain the king currency when we pursue such reckless monetary and fiscal policy?OPENING CHIT CHAT - TONIGHT IS DEBATE NIGHTNPR - Biden and Trump will debate on Thursday. Here’s what you need to knowhttps://www.npr.org/2024/06/24/nx-s1-5013579/trump-biden-presidential-debate-whenPRIMARY TOPIC - Will Debt Sink the American Empire?Money Wise - How much purchasing power will we have in the next 5 years?https://moneywise.com/research/americans-purchasing-power-plummets-as-inflation-slashes-salariesNPR - Home prices just hit a record high. Here are 4 things to know about housinghttps://www.npr.org/2024/06/22/nx-s1-5015076/home-prices-housing-record-high-mortgage-rates-interest-ratesWSJ - Will Debt Sink the American Empire?https://www.wsj.com/politics/policy/will-debt-sink-the-american-empire-8459096bAtlantic Council - Dollar Dominance Monitorhttps://www.atlanticcouncil.org/programs/geoeconomics-center/dollar-dominance-monitor/The Economist - The fight to dethrone the dollarhttps://www.economist.com/special-report/2024/05/03/the-fight-to-dethrone-the-dollarReuters - US dollar's dominance secure, BRICS see no progress on de-dollarization -reporthttps://www.reuters.com/markets/currencies/us-dollars-dominance-secure-brics-see-no-progress-de-dollarization-report-2024-06-25/