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Facts Matter

The Coming Inflation Re-Acceleration–Regardless of Who Wins Election | Facts Matter

Facts Matter

The Epoch Times

Romanbalmakov, Politics, News Commentary, Theepochtimesroman, Factsmatter, Epochtimes, Factsmatterroman, Roman, Romanepochtimes, News

51.2K Ratings

🗓️ 26 September 2024

⏱️ 14 minutes

🧾️ Download transcript

Summary

We are just less than three weeks out from the 2024 election. Meaning that in about three and a half weeks—or however long it takes to count the votes—we’re going to know who will lead the country for the next four years.

Regardless of who wins, however, there is a massive structural problem in America that is essentially colorblind. It’s not red, it’s not blue—so it doesn’t matter who’s in office. It’s that the design of the system will make it such that inflation will re-accelerate.

The national debt currently sits at an astonishing $35 trillion. Looking at the national debt on a timeline, the increase over the last 100 years has been staggering, going from about $400 billion in 1923 to $35 trillion today—an increase of 8,750 percent.

To give you some perspective on that, if the United States were to completely stop all of its spending and, instead, the federal government spent a million dollars every single minute to pay off this debt, it would never get paid off—because we’re currently paying $2 million dollars per minute just to service the interest on that debt.

And so today, let’s go through the details of the situation, and why inflation is essentially the only answer to this problem—regardless of who’s in office. Join host Roman Balmakov on this week’s episode of “Facts Matter.”

Views expressed in this video are opinions of the host and guests and do not necessarily reflect the views of The Epoch Times.

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Transcript

Click on a timestamp to play from that location

0:00.0

We're about two weeks out from the election, meaning that in about two and a half weeks, or however long it takes to count all the votes, we're going to know who's going to be leading the country for the next four years.

0:13.4

However, regardless of who wins, there is a massive structural problem in America that's

0:18.4

colorblind.

0:19.4

It's not red, it's not blue, it doesn't really matter who's in office, the design of the system itself

0:24.3

will make it such that inflation will re-accelerate. You see the national debt

0:29.4

currently sits at a staggering $35 trillion.

0:33.0

Looking at the national debt on a timeline,

0:35.0

you can see that the increase over the last 100 years

0:38.0

has been incredible, going from about $400 billion in 1923

0:42.0

to $35 trillion today,

0:45.4

an increase of about 8,750%.

0:48.9

To give you some perspective on that,

0:50.9

if the US was to right now completely stop all of its spending and

0:55.1

instead the federal government spent 1 million dollars every single minute to

0:59.3

pay off the debt it would never get paid off that's because we're currently paying $2 million per minute

1:04.9

just to service the interest on that debt.

1:07.6

And so today, let's go through the details

1:09.8

of the situation as it currently stands

1:11.8

and why inflation is basically the only answer to this

1:14.9

problem.

1:15.9

Again, regardless of who's in office.

1:18.4

Let's start at the very beginning.

...

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