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Ep: 70 $40 Trillion_$3 Billion a Day in interest_and loss faith in the Dollar
Six months into the U.S.–Iran war, Bryan and Jason walk through the money first and the strait second.
Iran’s population is widely reported to be short on fuel and food. The hosts stress they do not support Iran and love the United States; the target is government policy and an unpopular war.
The federal books: national debt already in the $40 trillion range and rising. Interest runs about $3–3.2 billion a day. Collections are roughly $14.4 billion a day ($5.26 trillion a year). Spending is about $19.3 billion a day (~$7 trillion a year), so the government borrows on the order of $4.9 billion…
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