Phillip Patrick, Does a growing federal debt affect the real economy?

Phillip Patrick is a Precious Metals Specialist at Birch Gold.

 

Since the federal government's fiscal year ended on September 30th, we've finally gotten a full accounting. Can you run through the numbers for us?

A big part of that growth came from interest payments on the debt. Just how bad is it?

There's a lot of hand-wringing over the growth of federal debt from fiscal conservatives. The left say things like, "No big deal, it's just money we owe ourselves." Does a growing federal debt affect the real economy?

The central bank gold buying has been setting records for the last two years. Why is that?