$39.8 Trillion National Debt: Fed's Interest Rate Options Limited

Peter Schiff, CEO and chief global strategist of Euro Pacific Capital, has highlighted that the U.S. national debt has surpassed $39.835 trillion.

Schiff notes that as the debt increases, it becomes more challenging for the Federal Reserve to raise interest rates, making inflation a key tool to finance the debt burden.

He frames gold as a potential hedge in this environment, echoing his previous warnings about the breakdown of the bond market and its implications for stocks, housing, and crypto.