Palisades Gold Radio · Saturday, September 5, 2026
Don Ledt warns that the US dollar's stability depends on consistent buyers for its debt. He highlights that if there are no buyers for the $150 billion borrowed monthly, the currency will be destroyed. He references Ben Bernanke's statement about the US government not defaulting due to its printing press, but argues this overlooks the risk of currency devaluation.
“Trust me, you will destroy the currency if you don't have any buyers of your debt. So there's an underlying assumption there that there will be people that you can, that will borrow your debt.”
“So we have these auctions, you know, at least two auctions every month, and they borrow about $150 billion every single month. And if there are no buyers, your currency's toast.”
“Now, everybody says, you know, I think it was Ben Bernanke, who said the US government will never default on its debt because we have a printing press.”