Public Debt – SRSrocco Report

Public Debt

U.S. PUBLIC DEBT NEARS $29 TRILLION: Can The U.S. Government Continue To Pay The Interest Expense?

Posted by SRSrocco in Economy, Precious Metals, Silver Members on October 26, 2021 — 7 comments

In just a bit more than a week, the U.S. Government added nearly another HALF-TRILLION in public debt. Of course, this was due to the “temporary” lifting of the debt ceiling by the honorable members in the Senate. However, with adding nearly $500 billion of new debt, the price tag for servicing that debt is…

U.S. Trade Deficit & Public Debt Crisis

Posted by SRSrocco in Economy, Silver Members on April 15, 2021 — 21 comments

The massive U.S. Financial Ponzi Scheme has been kept alive as long as global oil production increased. Unfortunately, with the collapse of world oil production and consumption due to the pandemic last year, the United States economy is now in serious trouble. Thus, the productive aspect of the U.S. economy…