US Debt Climbing $20B every day! China has cut its holdings in US Treasuries to $805bn, the lowest level since 2009; Yellen: We can easily afford another war.

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With a Current Debt-To-GDP Ratio of 122% Yellen Says Absolutely US Can Afford to Support More Wars

Treasury Secretary Janet Yellen stated on Monday that despite the towering U.S. debt-to-GDP ratio of 122%, the country will still support both Ukraine and Israel in their war efforts. During an interview with Sky News, when questioned about the nation’s capability to provide military aid considering its staggering debt, Yellen responded affirmatively. However, her optimism contrasts with the nation’s swelling debt concerns, casting doubts on the long-term economic implications of such commitments.

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Mountain Of Debt! Despite Biden’s Gloating, Deficits Are Rising And Expected To Keep Rising (Debt Mountain = $33+ Trillion And Growing) As Bank Balance Sheets Get Slammed!

The US is sitting on a mountain of debt! As in over $33 trillion!

Despite what whispering Joe Biden says, he didn’t reduce the budget deficit other than briefly. The budget deficit is forecast to run persistemly high because of endless, reckless spending and forever wars (Ukraine, Israel and … Taiwan?).

(Bloomberg) — The Federal Reserve faces potential policy pitfalls ahead as it wrestles with how to respond to investor angst about the US government’s $33.5 trillion mountain of debt.

It’s exceedingly difficult to have sound monetary policy without sound fiscal policy. Biden/Democrats do NOT equal sound fiscal policy.

Adding to the pain, the long end of the yield curve is getting clobbered.