• Shane Carter

National Debt Levels Are Soaring!

Updated: Nov 3, 2020

At its current state, the national debt is now over $23 trillion which is 103% of total GDP. The federal reserve has been under severe scrutiny over its monetary policy revolving around quantitative easing.

Historically speaking, printing money has not been the best solution for market correction. By pumping money into the market it is reducing the value of the dollar in turn, becoming a catalyst for hyperinflation. With 44 million Americans having over $1.5 trillion in student loan debt, obtaining affordable housing is becoming an unrealistic endeavor. Concerns over the federal reserve's ability to be effective in keeping the economy moving forward in a positive direction are increasing daily.

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