The US national debt has skyrocketed by more than half a trillion dollars in just four months, according to the U.S. Treasury Department.
Since December 12th, the US national debt has risen by approximately $543 billion, per the U.S. Treasury Department’s Debt to the Penny dataset.
The total US national debt now stands at $38.88 billion, an increase of around 7% year over year.
The rapid growth of the national debt comes as former U.S. Representative Ron Paul warns the ongoing Middle East war between Iran on one hand and the US and Israel on the other will make the situation worse.
“The rate of [debt] increases will be greater as long as the government is spending almost a billion dollars a day, or more, on a regime change war in Iran.”
According to Paul, the rising debt will place the Federal Reserve under pressure to lower the interest rates and may also force it to purchase more of the US government’s debt.
As a result, Paul says, foreign countries could cut their purchases of US debt due to the “US government’s out-of-control spending and by resentment over the US government’s hyperinterventionist foreign policy.”
“These factors could also accelerate the increasing rejection of the dollar’s world reserve currency status. A loss of the reserve currency status will cause a dollar crisis, leading to an economic crash worse than the Great Depression.”
Follow us on X, Facebook and Telegram
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
The post US National Debt Explodes $543,000,000,000 in Just Four Months As Ron Paul Warns Iran War Could Trigger New Depression appeared first on The Daily Hodl.
The US national debt has skyrocketed by more than half a trillion dollars in just four months, according to the U.S. Treasury Department. Since December 12th, the US national debt has risen by approximately $543 billion, per the U.S. Treasury Department’s Debt to the Penny dataset. The total US national debt now stands at $38.88
The post US National Debt Explodes $543,000,000,000 in Just Four Months As Ron Paul Warns Iran War Could Trigger New Depression appeared first on The Daily Hodl. Financeflux, debt, dollar, national debt, News, Treasury, us dollar, US Treasury
This articles is written by : Nermeen Nabil Khear Abdelmalak
All rights reserved to : USAGOLDMIES . www.usagoldmines.com
You can Enjoy surfing our website categories and read more content in many fields you may like .
Why USAGoldMines ?
USAGoldMines is a comprehensive website offering the latest in financial, crypto, and technical news. With specialized sections for each category, it provides readers with up-to-date market insights, investment trends, and technological advancements, making it a valuable resource for investors and enthusiasts in the fast-paced financial world.