Submitted by Taps Coogan on the 14th of September 2018 to The Sounding Line.
James Grant, of Grant’s Interest Rate Observer, recently spoke at length to Sprott Media about the US national debt, interest rates, and precious metals. In particular, Mr. Grant warns about the mounting volume of federal debt being issued by the US Treasury.
“This year… the government will issue… the most government securities as a percentage of GDP since the end of World War II. So the supply of government securities in relation to national production is the highest since the mid 1940s. Although this country is under arms in some degree, but it’s not waging a world war, so this is a very different fiscal picture than what we have been used to.”
There is much more to the interview, so enjoy it above.
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