They're Printing Debt Faster Than You Can Spend It

Dear Reader,

THE U.S. NATIONAL DEBT IS ABOUT TO HIT $40 TRILLION. The 30-year Treasury yield just hit 5.33%. That is an 19-year high. And the Iran truce? Expired Monday with no deal, no progress, and a cargo ship hit overnight.

The mainstream press calls this a "bond selloff." They say it is a "market reaction to inflation fears." I call it what it is. The world is losing faith in America's ability to pay its bills.

Inside today's issue:

• $40 TRILLION and climbing. The debt milestone that should terrify every American.
• Iran truce collapse. Hormuz is still closed. And oil just crossed $91.
• The $186 billion fraud nobody is talking about. Washington borrows $40 trillion and loses $186 billion in the same breath.
• Larry Benedict just released a new presentation on a strategy called "Oil Skimming." It's worth a look.

THE $40 TRILLION TRAP

Let me give you the number straight. The United States will cross $40 trillion in national debt within days. By the time you read this, it may already be there.

Here is what $40 trillion looks like in plain terms. Interest payments on this debt hit $931 billion in just the first ten months of fiscal 2026. Nearly $1 trillion. Gone. To service debt that bought us nothing today.

And the July deficit alone was $432 billion. In one month. Total outlays hit $766 billion. That is a 22% jump from one year ago. Bank of America is already calling it: $50 trillion by 2029.

The bond market noticed. The 30-year Treasury yield hit 5.33% on Tuesday. A 19-year high. The last time we saw rates here, the world was still cleaning up after Enron.

Meanwhile, on Monday, the U.S.-Iran truce expired. Zero progress. No extension. Unknown projectile hit a cargo ship overnight in the Strait of Hormuz. Brent crude is at $91.02 a barrel.

Here is the question nobody in the mainstream press is asking: Who buys $40 trillion worth of IOUs when the yield still cannot keep up with inflation AND the world's most important shipping lane might close for good?

There is a number I have been watching that answers this. I found it in the GAO's own report. Washington buried it. The financial press ignored it. But it tells you exactly who is running this country.

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The number from the GAO report: $186 billion.

That is how much in improper payments, overpayments, and outright fraud the federal government handed out last year. $186 billion. Up $24 billion from the year before. And that is just what they could measure across 64 programs.

Read that again. The government borrows $40 trillion and loses $186 billion in the same fiscal year. Then it passes the bill to your children.

The White House Fraud Task Force has recovered scraps. $22 billion in SBA pandemic loans flagged. Congratulations. Meanwhile the HHS handed out $96.2 billion in improper payments. Labor lost $7 billion. DOE lost $122.9 billion. The total? Over $229 billion in fraud and waste in fiscal 2025-2026.

This is the system. It is not broken. It is working exactly as designed. Spend first. Audit later. Borrow the difference. Call anyone who objects a radical.

My rich dad told me something in 1965 that I have never forgotten. "Rich people buy assets. The government buys votes." Fifty years later, they are still doing it. They just added eleven more zeros.

"The federal debt is approaching $40 trillion. All that borrowing is pushing up interest. And the Treasury is now competing with all the companies building AI data centers who have to borrow money for that. So that is pushing up long-term costs."

Ip is one of the smartest economic journalists alive. And he just said it on national television. The government is competing with itself for credit. When you borrow $40 trillion and $1 trillion of it goes just to pay last year's interest, you are not growing anymore. You are treading water with a cinderblock tied to your ankle.

Here is what I am doing. I have said it for thirty years. Gold, silver, Bitcoin, real estate. Real assets that the government cannot print, inflate away, or hand to fraudsters in the night.

The debt clock does not lie. $40 trillion says it all.

To your freedom,

Robert Kiyosaki

Author, Rich Dad Poor Dad

P.S. The governments of Saudi Arabia and Kuwait once hired our friend Larry Benedict. So did the banks that hold money for Exxon, Chevron, and Shell. For decades, he helped the most powerful players in oil grow their money. Now he's revealing his top oil strategy, adapted so ordinary folks can use it too. Watch the free presentation here.