2026-08-24 Karl Denninger: The $40 Trillion Debt Crisis and What Comes Next

Dennis Tubbergen welcomes market commentator Karl Denninger to discuss the growing risks in the U.S. bond market as Treasury yields rise and federal debt surpasses $40 trillion. Denninger explains why shifting government borrowing toward short-term debt may only increase the Treasury’s vulnerability to higher interest rates, while soaring Medicare and Medicaid costs continue to fuel federal deficits. The conversation explores inflation, the possibility of a severe economic reset, the outlook for stocks and real estate, and why traditional assumptions about investment returns may be challenged. Dennis closes the program by examining accelerating central-bank gold purchases—particularly by China—and why mounting sovereign debt concerns could continue to drive demand for gold and precious metals. Mr. Karl Denninger is an American technology businessman, finance blogger, author, and political activist, sometimes referred to as a founding member of the Tea Party movement. Mr. Denninger is the author of the book Leverage: How Cheap Money Will Destroy the World. In the book, Denninger presents an inside look at how moneyed and powerful interests debase the dollar through the willful and intentional failure to honestly represent short and long-term mathematical truths that underlie all economic systems. For information about Karl Denninger please visit www.Market-Ticker.org. For more information about Retirement Lifestyle Advocates, please visit www.RetirementLifestyleAdvocates.com.