Are we already in the early stages of a fiscal crisis?
The federal deficit is projected at $1.9 trillion this year and climbing toward $3.1 trillion by 2036. Interest expense alone is almost $2 trillion a year. Michelle Connell and Andrew Tang joined me on Wealth Transparency to break down how Brazil, Russia, India, China, and Saudi Arabia are actively settling trades outside the US dollar and what happens to Treasury demand if that momentum continues.
Tomorrow's full episode explores whether we are already in the early stages of that crisis.
youtu.be/pcdWaLuKoJ0