Robert Lambourne: How can interest cost of U.S. government's 'special debt' be falling?

8:08p Sunday, March 17, 2024

Dear Friend of GATA and Gold:

GATA consultant Robert Lambourne has spotted a strange trend in the U.S. government's report about its more than $7 trillion in "special debt," money owed to the beneficiaries of various federal government trust funds.

Somehow, Lambourne writes, interest costs on the "special debt" are reported as falling even as the total amount of "special debt" has been holding steady and interest costs on the rest of U.S. government debt are rising.

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He wonders if the U.S. government is manipulating the numbers to make the debt situation seem less catastrophic. If so, it wouldn't be the government's first attempt at financial manipulation.

Lambourne's report is titled "How Can Interest Costs of U.S. Government's 'Special Debt' Be Falling?" and it's posted in Word format here:

https://www.gata.org/sites/default/files/Lambourne-SpecialDebt-03-17-2024.doc

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org

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