America’s $30 Trillion Gamble: How Debt Could Rewrite the Global Economy

The David McWilliams Podcast

David McWilliams

News & Politics

4.6 • 643 Ratings

🗓️ 7 January 2025

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

We examine the cracks forming in America’s financial dominance, with $30 trillion in debt—equal to 100% of GDP—making it the largest debtor nation in history. Drawing parallels to Britain’s fall from economic supremacy after WWI, we explore how reliance on foreign creditors, MAGA billionaires, and a dangerously overconfident debt-driven system are pushing the U.S. toward a potential reckoning. With bond vigilantes ready to re-emerge and global markets watching closely, could the U.S. be repeating the mistakes of past empires? Join us as we unravel the hidden fragilities, bold financial tactics, and the high stakes of America’s economic future.

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Transcript

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