The US Government Debt has passed 13.3 Trillion Dollars. $13,311,250,000,000 and rising every second.
$13 Trillion in Liabilities and only backed by $11 Billion in Gold Assets. What’s wrong with that picture?
The federal government borrows by issuing securities, mostly through the Department of the Treasury. The US Treasury has the largest outstanding stock of debt instruments in world financial markets.
Marketable securities consist of bills, notes and bonds with maturities ranging from a few days with cash management bills to 30 years with bonds.
The government also issues nonmarketable securities which cannot be resold. Nonmarketable securities include savings bonds and special securities for state and local governments.
The securities held by government trust funds [Social Security and Medicare] and other government accounts also are primarily nonmarketable.
The US drowning in an unsustainable $13,311,250,000,000 debt plus rising interest payments to globalist bankers is unsustainable for a country. But then, that’s by design.