The David Lin Report · Tuesday, August 25, 2026
Peter Bookvar highlights that the US is approaching $40 trillion in national debt, with annual interest payments now exceeding defense spending. He warns that this fiscal crisis could lead to a scenario where nobody wants to buy US treasuries, potentially forcing dramatic rate hikes, and suggests gold as a potential refuge.
“And the murder, uh, can take place by these crises that you mentioned.”
“We certainly, look, we have a 30, uh, we're approaching $40 trillion on our national debt in the United States.”
“The, uh, interest on the national debt is now exceeding the defense spending in the United States.”