icon bookmark-bicon bookmarkicon cameraicon checkicon chevron downicon chevron lefticon chevron righticon chevron upicon closeicon v-compressicon downloadicon editicon v-expandicon fbicon fileicon filtericon flag ruicon full chevron downicon full chevron lefticon full chevron righticon full chevron upicon gpicon insicon mailicon moveicon-musicicon mutedicon nomutedicon okicon v-pauseicon v-playicon searchicon shareicon sign inicon sign upicon stepbackicon stepforicon swipe downicon tagicon tagsicon tgicon trashicon twicon vkicon yticon wticon fm

How much interest does US pay on its massive debt pile? RT’s Keiser Report explains

How much interest does US pay on its massive debt pile? RT’s Keiser Report explains
Despite the 30-year decline in interest rates, US debt has been climbing almost exponentially faster with the latest budget deficit swelling by nearly a trillion dollars.

Max and Stacy look at the ever-rising amount of interest the US is paying on its huge debt.

“America is like a guy who won a lottery and blows it. After World War II we ruled the world, we had the soundest currency, low interest rates. We were American Century ready to go,” says Max Keiser.

“Here we are in 2018 having kind of blown it. We have too much debt, over $21 trillion, and the interest on that debt is now $500 billion annually which is more than the annual budget deficit.”

Max explains when the interest on the debt gets to a point where the money printing Ponzi scheme that is the Federal Reserve Bank fails, the country enters a hyperinflationary Venezuelan-type currency collapse.

“Of course, the American ego will tell you that it’s impossible here in the land of the free home of the brave. But you know, empires come and go,” he says.

For more stories on economy & finance visit RT's business section

Dear readers and commenters,

We have implemented a new engine for our comment section. We hope the transition goes smoothly for all of you. Unfortunately, the comments made before the change have been lost due to a technical problem. We are working on restoring them, and hoping to see you fill up the comment section with new ones. You should still be able to log in to comment using your social-media profiles, but if you signed up under an RT profile before, you are invited to create a new profile with the new commenting system.

Sorry for the inconvenience, and looking forward to your future comments,

RT Team.

Podcasts