Commodities
US Debt Surpasses $40 Trillion Amid Rising Concerns Over Currency Debasement
The US debt-to-GDP ratio has reached 122.6%, one of the highest readings in history, according to data from the Federal Reserve Bank of St. Louis.
Total public debt crossed $40 trillion in August 2026, and the Congressional Budget Office projects the ratio will continue to rise towards 120% by 2036.
A high debt-to-GDP ratio can signal concerns about currency debasement, falling real interest rates, and less trust in fiscal discipline.
Central banks have taken notice, buying 863 tonnes of gold in 2025 alone as part of a diversification strategy away from sovereign debt.