Saturday, May 2, 2020

$19 Trillion in Debt Held By the Public

On 4/30/2020, the Debt Held By the Public reached 19,053,618,801,919.97.  This was less than a month after it first reached $18 trillion , and less than 6 months after it first reached $17 trillion.  It will probably be above $20 trillion by the end of the fiscal year on 9/30/2020.

Where does all the money come from to buy the debt?  Well, the Fed has "printed" about $2.5 trillion in cash in the last 2 months, so no problem.  They can play this game all day long.

So when does the hyperinflation kick in?

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