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Ron Paul Liberty Report

Unsustainable Debt: U.S. Government's Interest Payments To Skyrocket

Ron Paul Liberty Report

Ron Paul Liberty Report

News

4.92.3K Ratings

🗓️ 16 September 2022

⏱️ 27 minutes

🧾️ Download transcript

Summary

Debt matters, and there are no "free" lunches when it comes to government spending. But with enough propaganda, it becomes easy to think that government can spend money without any limits. As the U.S. national debt approaches the $31 TRILLION mark, interest rates are rising, and interest payments are the debt going to skyrocket. Financial reckoning draws nearer.

Transcript

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0:00.0

Hello everybody and thank you for tuning in to the Liberty Report.

0:04.5

With us today is Chris Rosini, our co-host, Chris.

0:07.6

Welcome to the program.

0:08.6

It's great to be with you, Dr. Paul.

0:10.6

Good.

0:11.6

It's good that we have Fridays because we tend to concentrate more on economic matters.

0:15.8

But you know, it's a really tough job finding any problems in the economy.

0:20.2

When the economy is rolling along and we have everybody's in charge of this and take

0:25.4

care of things that we shouldn't worry.

0:27.4

Because I listen to Biden speech other day, I mean he sounded pretty upbeat.

0:31.2

He yelled in the screen a bit.

0:32.4

I didn't know exactly what he was up to say about it.

0:35.1

But he tells the people everything is all right.

0:39.1

But you know what, Chris?

0:40.6

I think less and less people are believing what he says.

0:45.1

But the markets all over the place, I mean the stocks crashed one day and they hold

0:50.6

their own.

0:51.6

But you know gold is done poorly in here.

0:55.1

It's making an adjustment.

0:57.2

If you understand Austrian economics, it's not disturbing.

1:01.0

It might annoy people who say they and still believe as I do that gold is a haven.

1:08.1

Golden, gold handles the economic problems when the problem is inflation and too much spending

...

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