The US Government will face another round of federal debt expansion in 2024, but will there be enough creditors to allow their continued spending? Investors are not buying Treasury Debt at forecasted rates, foreign investors are exiting federal debt, and even the Federal Reserve is reducing its treasury holdings.
Dr. Jonathan Newman recently wrote for the Mises Wire on this topic, and he joins Bob to break down the data and explain what is up with treasuries and the future of the dollar.
Dr. Newman’s Article on The Treasury’s Creditors: https://Mises.org/HAP424a
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Chapters
00:00 Free Book
00:32 Introduction
01:35 The Size of US Government Debt
06:17 Deficits as a Percentage of GDP
13:02 Forecasting and Projections for the Debt
16:20 Decrease in Demand for Treasury Debt
25:32 What the Fed is Doing
30:50 A ‘Soft’ Default
36:47 What a Real Dollar Collapse Could Look Like