The Federal Financial Burden is Eating 93% of the US' Wealth: Treasury Dept.

Aug 14, 2024 · 16m 6s

Description

While the U.S. government continues to find new ways to spend and printo money as the debt climbs, the Treasury Department revealed the nation's overall financial burden is eating 93%...

While the U.S. government continues to find new ways to spend and printo money as the debt climbs, the Treasury Department revealed the nation's overall financial burden is eating 93% of the nation's wealth -- a critical mass. A giant portion of revenues coming into Washington is going to pay off inceurred debt. Consumer debt burden also plays a role in an era where people have resorted to using credit cards to buy food and pay bills to fight high inflation, non-corresponsing inward money flow and the increased cost of living. How far can this go? Swiss America CEO Dean Heskin and Chris Agalestos examine what's happening, the effects and how you can protect yourself on The Secret War on Cash

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Artcles referred to in this podcast:
https://www.zerohedge.com/economics/federal-fiscal-burden-consumes-93-percent-americas-wealth
https://www.zerohedge.com/markets/july-budget-deficit-2nd-biggest-history-25-tax-revenue-go-pay-interest

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Author	SATC Admin
Organization	SATC Admin
Website	-
Tags	#consumerdebt #creditcards #currency #debt #fiatcurrency #finance #financial #fiscal #governmentspending #interestrate #money #nationaldebt #personaldebt #politics #taxes #treasurydept #us