Government Debt Running Away
Peak Prosperity
Chris Martenson
4.7 • 591 Ratings
🗓️ 25 October 2023
⏱️ 18 minutes
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Summary
The U.S. government’s debt has been growing at a frightening pace, elevating the importance of individual financial preparedness. As economic indicators devolve, everyone needs to focus on safeguarding their personal financial health.
Transcript
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| 0:00.0 | Hello everyone, Dr. Chris Martinson of Peak Prosperity here back with you again. |
| 0:04.0 | Today we're going to be talking about an absolutely out of control government debt situation. |
| 0:09.0 | You need to know about this. You need to be prepared for what's coming. I want you to become resilient because, oh my goodness, there is a total storm coming and I have to talk to you about that. |
| 0:19.0 | So let's go there right now, out of |
| 0:21.7 | control debt. We are entering what I'm going to call the terminal phase. This is when exponential |
| 0:25.7 | functions get away from you and we could see things get out of control very quickly. Hyperbolic? |
| 0:31.7 | Well, let's look at this very quickly. This is a chart and by the way, everybody should know |
| 0:36.4 | how to read charts. It's a really valuable life skill. I'm going to walk everybody through this one. This is a chart, and by the way, everybody should know how to read charts. It's a really |
| 0:38.1 | valuable life skill. I'm going to walk everybody through this one. This is the U.S. 10-year note. |
| 0:43.8 | This is the 10-year treasury note. And it's across, what, about three months of data here. And you can |
| 0:49.4 | see it went from about 3.8% to closing in on almost 5% as of today, which is October 19th. We are looking at |
| 0:58.1 | 4.95% just a whisker away from 5%. It's the interest rate has been relentlessly rising. Now, |
| 1:05.3 | why is that? That's what we have to talk about. Interest rates are the opposite in a seesaw fashion with the price of the bond. |
| 1:14.6 | So because the interest rate is rising, that means the price is falling. |
| 1:20.2 | That means people are selling. |
| 1:21.5 | There are more sellers than buyers of these bonds. |
| 1:24.4 | So the yield goes up. |
| 1:25.9 | This has a lot of impacts on our lives, but I think this |
| 1:28.7 | could get out of control soon. And here's why. Mystery solved. Who's been doing all the selling? |
| 1:34.2 | This is a chart of U.S. federal debt. I pulled this from the debt to the penny, come straight from |
| 1:39.5 | the U.S. Treasury Department itself. Three lines on here. On the bottom is what's called intragovernmental |
| 1:45.4 | holdings, which is a fancy way of saying a rated Social Security trust fund. When that |
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