Uploaded July 2026 | Updated September 2026, 3 weeks ago
👉 Learn 50+ years of economics in only 7 weeks: skool.com/stevekeen
Business inquiries: profstevekeen@gmail.com
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For years, people have been told that the United States is trapped in a dangerous cycle of borrowing, rising interest payments, and ever-expanding debt. But what if the US government does not operate like a household? In this video, Steve Keen breaks down the real mechanics of government spending, taxation, Treasury bonds, bank reserves, and quantitative easing. Using double-entry financial analysis and his Ravel software, he challenges the conventional story about the US economy and explains why misunderstanding the financial system can lead to completely wrong conclusions about debt, deficits, and economic collapse.
Can a government that issues its own currency actually run out of money? Can Trump’s new Fed chair really erase or restructure America’s enormous debt? Will foreign countries selling US Treasury bonds trigger a US debt crisis? Does quantitative easing solve the debt problem, or simply change the form of money in the financial system? And what is the difference between the primary market, where governments issue new bonds, and the secondary market, where existing bonds are traded? This analysis answers these questions while examining whether a major financial regime change is truly coming, or whether the real problem is that economists are using the wrong model.
US national debt, government debt explained, and the role of the federal reserve in managing government spending, taxation, deficits, treasury bonds, and bank reserves. steve keen examines quantitative easing, the bond market explained, modern monetary theory, the us debt crisis, and the debate surrounding the trump fed chair. using financial modelling and double-entry bookkeeping, he reveals why confusing primary and secondary bond markets can create misleading predictions about inflation, interest rates, government borrowing, and the future of the global financial system.
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👉 Download my 3-Book Rebel Economist Bundle (Free this week here): stevekeen.com
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#usinflation #stevekeen #newworldorder #financialcrash #oilprices #Famine2026 #economiccollapse #trumpiran #irannuclear #energymarkets #chinaeconomy
👉 Learn 50+ years of economics in only 7 weeks: skool.com/stevekeen
Business inquiries: profstevekeen@gmail.com
---
For years, people have been told that the United States is trapped in a dangerous cycle of borrowing, rising interest payments, and ever-expanding debt. But what if the US government does not operate like a household? In this video, Steve Keen breaks down the real mechanics of government spending, taxation, Treasury bonds, bank reserves, and quantitative easing. Using double-entry financial analysis and his Ravel software, he challenges the conventional story about the US economy and explains why misunderstanding the financial system can lead to completely wrong conclusions about debt, deficits, and economic collapse.
Can a government that issues its own currency actually run out of money? Can Trump’s new Fed chair really erase or restructure America’s enormous debt? Will foreign countries selling US Treasury bonds trigger a US debt crisis? Does quantitative easing solve the debt problem, or simply change the form of money in the financial system? And what is the difference between the primary market, where governments issue new bonds, and the secondary market, where existing bonds are traded? This analysis answers these questions while examining whether a major financial regime change is truly coming, or whether the real problem is that economists are using the wrong model.
US national debt, government debt explained, and the role of the federal reserve in managing government spending, taxation, deficits, treasury bonds, and bank reserves. steve keen examines quantitative easing, the bond market explained, modern monetary theory, the us debt crisis, and the debate surrounding the trump fed chair. using financial modelling and double-entry bookkeeping, he reveals why confusing primary and secondary bond markets can create misleading predictions about inflation, interest rates, government borrowing, and the future of the global financial system.
----
👉 Download my 3-Book Rebel Economist Bundle (Free this week here): stevekeen.com
----
#usinflation #stevekeen #newworldorder #financialcrash #oilprices #Famine2026 #economiccollapse #trumpiran #irannuclear #energymarkets #chinaeconomy
