In just six weeks — during a government shutdown — the United States added more than $500 billion to its national debt.
With a $38 trillion debt load, a $2 trillion deficit, and a political system that can’t even agree to keep the government open, foreign lenders are reaching their limit.
These governments and central banks hold over $10 trillion in U.S. debt.
But confidence in the dollar is evaporating. How long until foreign reserves shift away from the dollar — and what happens when they do?
#USDebt #DollarCrisis #Finance #Economy #PeterSchiff #SchiffSovereign
