ITM Trading Podcast US Debt Nears $40 TRILLION Black Hole — Day of Reckoning Has Arrived, Protect Your Wealth NOW
Apr 10, 2026
Greg Weldon, global macro strategist and author, outlines a looming U.S. debt black hole and its roots since 1971. He discusses how relentless money printing, QE, and pandemic spending created a debt-to-GDP spiral. Short, sharp takes cover stagflation risks, consumer credit stress, geopolitics driving gold and yuan moves, and why precious metals and commodity currencies may benefit as the dollar weakens.
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U.S. Debt Has Crossed A Point Of No Return
- The U.S. is inside a debt black hole where debt growth outpaces GDP and escaping requires printing more money.
- Greg Weldon traces the trajectory from 1971 and QE in 2008 to pandemic stimulus that pushed debt past the event horizon.
Money Printing Is The Only Proposed Escape
- The primary propulsion to escape the debt trap is money printing, which further debases the currency and fuels inflation.
- Weldon likens current policy to burning money as propulsion that only increases the black hole's pull.
Inflation Returned After Years Of Dormancy
- Money printing that was previously dormant produced a surge of inflation starting in 2022 after years of 'waiting for Godot'.
- Weldon connects pandemic stimulus and accumulated QE to the inflation breakout in 2022.