{"id":39061,"date":"2018-10-12T09:57:53","date_gmt":"2018-10-12T14:57:53","guid":{"rendered":"http:\/\/olduvai.ca\/?p=39061"},"modified":"2018-10-12T09:57:53","modified_gmt":"2018-10-12T14:57:53","slug":"us-treasury-issues-more-bonds-but-no-one-wants-them","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=39061","title":{"rendered":"US Treasury Issues More Bonds, But No One Wants Them"},"content":{"rendered":"<h3><a href=\"http:\/\/www.shtfplan.com\/headline-news\/us-treasury-issues-more-bonds-but-no-one-wants-them_10112018\">US Treasury Issues More Bonds, But No One Wants Them<\/a><\/h3>\n<div>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-57461\" src=\"http:\/\/shtfplan.com\/wp-content\/uploads\/2018\/05\/usadebt-e1525279795178.jpg\" alt=\"\" width=\"560\" height=\"329\" \/><\/p>\n<p>In an attempt to feed the soaring debt and spending habits of the United States government, the US Treasury\u00a0is issuing\u00a0more bonds.\u00a0 But they\u2019ve run into a big problem: no one wants to buy those worthless bonds anymore.<\/p>\n<p>Debt is going to be a big problem for the United States government sooner rather than later.\u00a0 Rising interest rates will eventually push the government\u2019<a href=\"http:\/\/www.shtfplan.com\/headline-news\/debt-rises-the-government-will-soon-spend-more-on-interest-than-the-military_09262018\" target=\"_blank\" rel=\"noopener\">s interest bill higher than that of their military bill<\/a> (which is astonishing, quite honestly.)<\/p>\n<p>The new debt will be issued in a three-year, 10-year, and 30-year bond supply this week,<a href=\"https:\/\/www.rt.com\/business\/440939-printing-machine-us-treasury\/\" target=\"_blank\" rel=\"noopener\"><em> Reuters<\/em> reported<\/a>, quoting US Treasury data. In late September, the Treasury sold a combined $106 billion of debt amid cooling demand from investors. With countries like Japan, China, Russia, and Turkey buying less and selling more US debt, foreign purchases at Treasury auctions have slowed down.\u00a0 Bond dealers have been buying more US debt, but they quickly resell it to make a profit.<\/p>\n<p>There are concerns that US debt is growing out of control. A<a href=\"https:\/\/www.rt.com\/business\/440939-printing-machine-us-treasury\/\" target=\"_blank\" rel=\"noopener\">ccording to<em> RT<\/em>,<\/a> America\u2019s debt currently stands at $21.5 trillion, while the Treasury said the US government paid $523 billion in interest in\u00a0the fiscal\u00a0year 2018, the highest ever on record. According to the US president Donald Trump\u2019s chief economist Kevin Hassett, the president intends to announce a policy aimed at tackling the debt.\u00a0<em>\u201c<\/em>The deficit is absolutely higher than anyone would like. As you watch our next budget come out \u2013 and you\u2019ll start to see things in the next few weeks \u2013 then you\u2019ll see a much more aggressive stance<em>\u201d<\/em>\u00a0in tackling it, he said, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-08-04\/specter-of-america-s-growing-fiscal-deficit-and-debt-load-looms\" target=\"_blank\" rel=\"noopener\">as quoted by<em> Bloomberg<\/em>.<\/a> But no one is holding their breath.<\/p>\n<p>\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>US Treasury Issues More Bonds, But No One Wants Them In an attempt to feed the soaring debt and spending habits of the United States government, the US Treasury\u00a0is issuing\u00a0more bonds.\u00a0 But they\u2019ve run into a big problem: no one wants to buy those worthless bonds anymore. Debt is going to be a big problem [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,5],"tags":[195,6489,8114,827,1576,22265,2721],"class_list":["post-39061","post","type-post","status-publish","format-standard","hentry","category-economics","category-geopolitics","tag-debt","tag-mac-slavo","tag-rt-news","tag-united-states","tag-us-debt","tag-us-government-bonds","tag-us-treasuries"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/39061","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=39061"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/39061\/revisions"}],"predecessor-version":[{"id":39062,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/39061\/revisions\/39062"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=39061"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=39061"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=39061"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}