The Federal Financial Burden is Eating 93% of US Wealth: Treasury Dept.

While the U.S. government continues to find new ways to print and spend money, the Treasury Department revealed the nation's overall financial burden is eating 93% of the nation's wealth -- a critical mass. A giant portion of revenue coming into Washington is going toward paying off existing debt. Consumer debt burden also plays a role in an era in which people have resorted to using credit cards to buy food and pay bills to keep up with the higher cost of living. How far can this go? Swiss America CEO Dean Heskin and Chris Agelastos examine what's happening, the consequences and how you can protect yourself on The Secret War on Cash.

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Articles referred to in this podcast:
https://www.zerohedge.com/economics/federal-fiscal-burden-consumes-93-percent-americas-wealth
https://www.zerohedge.com/markets/july-budget-deficit-2nd-biggest-history-25-tax-revenue-go-pay-interest