Finance & businessHow Money WorksWhy A National Debt Default Now Looks Genuinely Possible... (sort of)
Why A National Debt Default Now Looks Genuinely Possible... (sort of)
4.0× channel medianLong-form18:38EducationPublished Sep 7, 2026, 4:45 PM · 6w ago
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#finance #debt #economy
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Sources (In Order)
https://thehill.com/opinion/finance/575722-the-us-has-never-defaulted-on-its-debt-except-the-four-times-it-did/
https://www.npr.org/2026/09/01/nx-s1-5950593/a-treasury-showdown-with-the-bond-market
https://www.npr.org/2026/08/19/nx-s1-5937552/the-u-s-debt-tops-a-record-shattering-40-trillion-yes-with-a-t
https://fred.stlouisfed.org/series/GFDEBTN
https://taxfoundation.org/research/all/federal/big-beautiful-bill-senate-gop-tax-plan/
https://www.csis.org/analysis/unpacking-15-trillion-fy-2027-defense-budget-topline
https://www.nytimes.com/2026/09/01/business/bond-yields-debt.html
https://www.imf.org/en/blogs/articles/2025/09/17/global-debt-remains-above-235-of-world-gdp
https://www.politico.com/news/2026/08/25/purely-just-up-to-iran-bessents-d-day-unlikely-to-end-war-calm-energy-markets-01049825
https://www.yahoo.com/news/politics/articles/trump-suggests-military-bond-markets-222513278.html
https://www.theguardian.com/business/2026/aug/25/us-treasury-scott-bessent-bond-buying-donald-trump-stanley-druckenmiller
https://www.ustreasuryyieldcurve.com/
https://fred.stlouisfed.org/graph/?g=1UU0w
https://fred.stlouisfed.org/series/D2WLTGAL
https://www.fidelity.com/learning-center/smart-money/treasury-bills-vs-bonds
https://www.newyorkfed.org/medialibrary/media/research/staff_reports/sr1170.pdf
https://www.stlouisfed.org/publications/regional-economist/2023/may/interest-rate-risk-bank-runs
https://fred.stlouisfed.org/graph/?g=1cjA9
https://www.congress.gov/crs-product/IF12007
https://finance.yahoo.com/news/china-accelerate-dollarization-cutting-us-121715091.html
https://www.axios.com/2026/08/25/ai-debt-treasury-yields
https://www.cnbc.com/2026/08/24/bessent-1-trillion-treasury-general-account-bond-buybacks.html
https://www.washingtonexaminer.com/policy/finance-and-economy/4706189/scott-bessent-national-debt-growth-way-out/
https://fred.stlouisfed.org/series/A091RC1Q027SBEA
https://fiscaldata.treasury.gov/americas-finance-guide/federal-spending/
https://www.pgpf.org/article/the-federal-government-has-borrowed-trillions-but-who-owns-all-that-debt/
https://www.cnbc.com/2026/09/02/global-bond-yields-inflation-rates.html
https://www.crfb.org/blogs/debt-surpasses-size-economy
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This recent track record, in addition to massive new tax cuts and spending proposals has made it pretty clear that our government doesn’t really have any intention of paying this debt back or even really paying it down anymore…
To make matters worse, other governments and even major corporations are now trying to attract the same group of lenders creating a bidding war pushing interest rates across the world to multi-decade highs… At the same time debt is also at record highs… meaning all of these borrowers need to borrow more just to pay for… their borrowing…
It also raises the question of… if everybody is in record levels of debt… who is there actually left to lend us this money?
It’s not great, and it’s already causing some behaviors that could really only be described as desperate… like declaring Economic D Day, or using the military to fight… the bond markets… which isn’t really a thing…
So unfortunately we all need to sit down and talk about the bond markets… to find out what happens when those tricks stop working…
What If People Just... Stop Lending America Money?
Why A National Debt Default Now Looks Genuinely Possible... (sort of)
We've Tried Nothing... And We're All Out Of Ideas!
If America Will NEVER Pay Back Its Debt... Why Are People Still Lending Us Money?
Tags
how money workshow money works uncuthow history workshow business workeddemonetizedhow money works debt crisishow money works patrick boylehow money works bond marketsbond market crisisnational debt40 trillion national debtdebt crisisbond yieldsbond yield curveyield curvebusinessfinancemoneywealthinvestinginterest ratesscott bessent
Details
- Published
- Sep 7, 2026, 4:45 PM
- Length
- 18:38 (1,118 s)
- Format
- Long-form
- Category
- Education
- Audio language
- EN
- Quality
- HD
- Captions
- Yes
- Made for kids
- No
- Licensed content
- Yes
- Video ID
- QmWyQ-BCD8E
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