Next time making sense of the madness, Dr. Kirk Elliott gives us an update on the global financial crisis,

and Matthew Erritt reports on the roots of the deep state. We're going to question economist and founder of Kirk Elliott Private Advisors.

So, Kirk, thanks for joining us again.

What's on your radar right now as far as the global economy?

Well, you know, we've got a state of the union coming up, and you know what?

They're not going to talk about the really important stuff, which is like, for example,

the annual interest rate payment, just the interest

only payments on the government debt is now $850 billion, right? So we're starting to push

a trillion dollars on our interest payments. So this is on our $31 trillion debt. And what is interest rates done, Sean,

over the last year? They've more than doubled. They went from on a 30-year mortgage, for example,

3.22% to about 7, right? That's more than doubling. So of course, interest-only payments on our

government debt's gone from $500 billion to $850 billion.

It hasn't doubled, but it's getting close, right?

So here's the problem with that.

We've got Jerome Powell, Chairman of the Fed, that says they're going to continue to raise rates until they kill inflation.

Well, the reason that they have inflation is because they

keep printing money, right? So they're going to keep raising rates so that $850 billion as debt

increases and as interest rates increase is going to be a major, major problem moving forward, right?

So here's where I start to look at that. And I think, well,

good grief. Isn't the economy robust? So what we're hearing from Biden, I mean, he had his

amazing mic drop moment basically last week where he said, oh, unemployment is the lowest it's

been in 53 years. End of story walks off the stage. It's like, of course,

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