Prince Says Finance News: The United States has released a "terrifying" data: 3,100 billion US dollars!
On Tuesday (4th), local time, according to the latest data released by U.S. Treasury Department , as of October 3, the balance of outstanding federal government debt in the United States was approximately US$31.1 trillion, which is also the first time that U.S. bond has exceeded US$31 million.
So who holds so many US debts?
data shows that the current US public holds about $24.3 trillion in debt, while intergovernmental debt is about $6.8 trillion.
31 million US dollars, what is this concept?
This is even $8 trillion more than the United States' GDP ($23 trillion) last year, and this amount is very close to the statutory upper limit of US debt - $31.4 trillion.
In this regard, the Peter Peterson Foundation of the United States even stated that the debt of $31 trillion is even more than the total GDP of China, Japan, Germany and the United Kingdom.
Next question: How do so much debt in the United States "accumulate"?
According to data released by the U.S. Department of Treasury, when Byebroken took office as president in January 2021, the U.S. debt was only $27.75 trillion. After the news of
came out, Chip Roy, a Republican congressman in Texas, lamented on Twitter: "Five years ago, the US debt was only 21 trillion US dollars."
In other words, in 10 years, the US debt increased by a full $10 trillion, an average of $1 trillion in one year.
In fact, as the prince said that finance has reported many times before, in the past few years, in order to deal with the epidemic and stimulate the economy, the Federal Reserve has printed money crazily, and then, U.S. Treasury bonds have surged.
What makes the market more worried is that as the Federal Reserve raises interest rates on , the US interest rate rises, so the interest rate on US debt will also "rise", let alone the total debt amount.
According to the latest forecast of the Peter Peterson Foundation in the United States, due to the Federal Reserve hikes interest rates, U.S. interest rates will rise, in the next 10 years, the U.S. interest expense alone will increase by $1 trillion, and even the inflation spiral of US debt may also cause other chaos, and the possibility of a fiscal crisis in the United States will increase.
What do you think about this? What do you think will happen to the U.S. debt next?
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