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The Truth About The National Debt- Ex-US Comptroller General
On today’s episode of GoldCore TV, David Russell welcomes David M Walker, the former Comptroller General of the United States, to discuss the #NationalDebtCrisis in the United States and how only a deepening of the problem will force policymakers to take unpopular steps necessary to avoid disaster. How much worse will the situation get before they act? What does this mean in relation to #FinancialMarkets?
Highlights from this episode:
What is the role of the US Comptroller General?
What is the current fiscal situation in the US?
The underfunded or unreported obligations that are ballooning the real debt levels?
What is the current debt-to-GDP ratio?
What happens if the existing financial situation does not improve, and when does this become a real issue?
Now that they’re talking about raising rates, why hasn’t the Fed ceased buying debt yet?
Will measures like spending cuts and higher rates be able to be implemented without causing the economy to crash?
Is the Federal Reserve backed into a corner?
How does the situation in Ukraine affect the current monetary situation in the US?
Will the United States of America continue to be a superpower?
To find more about David’s book please visit: https://www.amazon.com/America-2040-Superpower-Pathway-Success/dp/1665500824 or https://www.authorhouse.com/en/bookstore/bookdetails/820254-america-in-2040-still-a-superpower
01:22- Role of a Comptroller General
02:04- Current Fiscal Situation in the US
04:28- Debt to GDP Ratio
05:22- The real threat
09:31- Why the Fed hasn’t stopped buying the debt
12:12- Will these changes help the economy from crashing?
15:01- The Fed painted themselves into a corner?
20:13- The situation in Ukraine intensifies the energy problems
21:52- America 2040: Still a Superpower? –
25:41- Will the policymakers react before the situation gets worse?
30:19- Wrap up
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