The US national debt is $39 trillion. That's $357,000 per taxpayer. The interest payment alone now exceeds defense spending. Ryan McMaken calls it the Doom Loop — and the IMF just confirmed the debt is erasing the dollar's safety premium.
0:00 Introduction
0:45 The Doom Loop: $39 trillion, $357K per taxpayer, $1.6T annual deficit
3:10 IMF warning: Treasury bonds losing their safety premium
5:00 Ryan McMaken: $1 trillion added to money supply in 7 months
7:00 What "slow then suddenly" looks like — the trigger question
8:20 Historical pattern: every monetary reset ends the same way
9:30 Final thoughts
In this episode:
▪ US national debt hits $39 trillion — $357,000 per taxpayer, $113,000 per citizen
▪ Annual deficit at $1.6 trillion and growing — interest payments exceed $1 trillion per year
▪ IMF warns: soaring US debt is erasing the "safety premium" on Treasury bonds
▪ Ryan McMaken (Mises Institute): money supply grew $1 trillion in just 7 months
▪ A full third of all US dollars in circulation were created since 2020
▪ Austrian economics view: inflation already in the pipeline — not yet fully arrived
▪ Historical pattern: monetary resets follow the same sequence — slow erosion, then sudden collapse