By Richard Mills, includes “The US Federal Reserve is severely constrained in how much it can raise interest rates, to quell rising inflation, due to ballooning debt. … The bank says these official figures underestimate the situation, giving the example of the United States where public debt does not include obligations such as future Social Security and Medicare promises. When that $129 trillion worth of bills is added, ‘the truth’ about US debt is that it’s closer to $133 trillion. …”
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