Kai Risdahl

So then where is the money coming from?

So then where is the money coming from?

Again, Shia Kavis.

Again, Shia Kavis.

We've been writing IOUs faster than the rest of the world wants to collect them.

We've been writing IOUs faster than the rest of the world wants to collect them.

And that means that more of those treasury securities are being purchased domestically

And that means that more of those treasury securities are being purchased domestically

America has been borrowing more from America, from banks, from US investors, even from the Fed recently.

America has been borrowing more from America, from banks, from US investors, even from the Fed recently.

And to get US investors to go along and buy all those treasuries, the US government has had to pay up more than it otherwise would.

And to get US investors to go along and buy all those treasuries, the US government has had to pay up more than it otherwise would.

And when the US government has to pay higher interest, so does everyone else.

And when the US government has to pay higher interest, so does everyone else.

Americans in households and businesses across the country are paying more for everything from mortgages to auto loans to credit card debt, because all of those are based on U.S.

Americans in households and businesses across the country are paying more for everything from mortgages to auto loans to credit card debt, because all of those are based on U.S.

Treasury rates.

Treasury rates.

So somebody's got to pick up the tab here.

So somebody's got to pick up the tab here.