Ask Terry Questions 22 Trillion Debt

22 Trillion Debt

By Terry Savage on January 23, 2019 | Wild Card

I gather from your interview on Jim Bohanan the federal government is a pretty secure place for treasury bills, but as you cited it is 22 T in debt. Granted it is probably the safest place to get returns on money for the average person, but can it go bankrupt. Thanks for your time.

Terry Says

The Federal government won’t go bankrupt — it will PRINT the money.  And when the world believes that is happening, the dollar will lose value (the technical definition of inflation) and the Federal government will have to pay very high interest rates to get people to lend to the government.  (A horrible example of this is Venezuela!)   To keep track of the National Debt, go to and look at their debt clock!



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