$40 Trillion Debt: The Mistake Empires Make
The Duran: Episode 2605
00:00:00 US debt hits 40 trillion and Bessents stunning admission
00:01:03 Why saying the Treasury Secretary is losing control is risky
00:01:33 Yen intervention fades and the diesel fuel supply crunch
00:02:48 Biden's New Deal style spending fuels inflation not growth
00:03:23 Trump and Bessent inherit and expand the deficit
00:04:42 Bigger defense spending pushes the deficit even higher
00:05:15 China and Japan turn cautious on US treasuries
00:06:26 The AI boom's borrowing spree competes with government debt
00:07:52 Bessent's oil confusion and the option of Iran and Russia sanctions relief
00:09:57 The debt fueled growth illusion and history's warning for empires
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