STUNNING U.S. GOVERNMENT DEBT INCREASE IN PAST FEW DAYS…. While No One Noticed

by Steve St. Angelo, SRSrocco:

As the stock market continues to rise on the back of some of the worst geopolitical, financial, and domestic news, the U.S. Treasury has been quietly increasing the amount of government debt, with virtually no coverage by the Mainstream or Alternative Media.  So, how much has the U.S. debt increased in the past few days?   A bunch.

The surge in U.S. debt that took place over the past two days all started when the debt ceiling limit was officially allowed to increase on Sept 8th.  In just one day, the U.S. Treasury increased the public debt by $318 billion:

(chart courtesy of TreasuryDirect.gov)

(chart courtesy of TreasuryDirect.gov)

The was the first time in U.S. history that the public debt rose over $20 trillion.  I mentioned this in my article, The U.S. Government Massive ONE-DAY Debt Increase Impact On Interest Expense & Silver ETF:

The U.S. Treasury will have to pay out an additional $7 billion interest payment for the extra $318 billion in debt it increased in just one day.  Again, that $7 billion interest payment is based on an average 2.2% rate multiplied by the $318 billion in debt.  Now, if we compare the additional $7 billion of U.S. interest expense to the total value of the silver SLV ETF of $5.8 billion, we can plainly see that printing money, and increasing debt becomes a valuable tool for Central Banks to cap the silver price.

Thus, when the U.S. Treasury increased the public debt by $318 billion, it will also have to pay an additional $7 billion in an annual interest payment to finance that debt.  However, that large one-day debt increase was over three weeks ago.  What’s been going on at the U.S. Treasury since then?  Let’s just say; they have been very busy… LOL.

On the last update in September, the U.S. Treasury increased the debt by nearly $40 billion on the very last day of the month:

(chart courtesy of TreasuryDirect.gov)

(chart courtesy of TreasuryDirect.gov)

As we can see, the U.S. public debt increased from $20,203 billion ($20.203 trillion) on Sept. 28th to $20,245 billion on Sept 29th.  Overall, the U.S. debt increased $83 billion more since the $318 billion one-day increase on Sept 8th.   Which means, the total debt increase was $400 billion in a little more than three weeks.  However, the U.S. Government must be making up for lost time when the debt ceiling was frozen from March 15th to Sept 7th.

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