David McWilliams

speaker

15,996 appearances 46 recordings 8 series first heard Jan 2026 last heard 10 Sep

David McWilliams’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months

Recordings per month over the last 12 months — 46 in all, peaking in Jun 2026 with 12.

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being as high in peacetime, particularly with full employment, right? matched

As you said, the national debt has crossed 40 trillion, right? matched

Net interest payments, net interest payments are 1.1 trillion for this year. matched

That's more, we should say it again, that's more than in the entire defense budget of the United States. matched

And of course, and of course, what means the matched

Yields on long term interest rates have begun to rise. matched

So this is in effect what's happening, right? matched

Now what Stock Bessant did last week. matched

He came out and he said to the financial markets. matched

You don't know what you're doing. matched

The interest rates are too high, number one. matched

And number two, I'm going to drive them down by doing the following. matched

I am going to use the Treasury's money. matched

To buy up. matched

long term government debt, ten and thirty year paper. matched

Now what that does as you buy up the matched

asset the price of course rises. matched

That means the yield falls. matched

And they're what they're trying to do is they're trying to get the yield down. matched

To reduce matched

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