Home > NewsRelease > Federal Debt Surpasses $26 Trillion for First Time $2 Trillion Jump in 2 Months!
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Federal Debt Surpasses $26 Trillion for First Time $2 Trillion Jump in 2 Months!
From:
Jack Hanney Jack Hanney
Los Angeles , CA
Thursday, June 11, 2020

 

Economist Jack Hanney, available by Zoom, Skype or Phone from L.A.

Intro: The U.S. Federal Dept has surpassed the $26 TRILLION mark for the first time ever. In just 2 months it jumped a whopping $2 TRILLION dollar.

 

The U.S. Treasury Department just gave us the official number of the new U.S. Debt. It's $26,003,751,512,344.91

 

Many economic observers bristled when the federal debt topped the historic $24 trillion marker on April 7, 2020. Then it pierced the ceiling again at $25 trillion on May 5. Then just over a month later it hit $26 trillion. 

 

Helping make sense of this, is economic expert Jack Hanney. 

 

Q&A: 

 

Q1) $26 Trillion in debt: What does that mean to the middle school teacher or the local mechanic in Tulsa and why should they care?

 

Q2) How does this debt tie-in to our Trade War with China? How much of this $26 trillion do we owe to China?

 

Q3) Is this debt a partisan thing?  Who is to blame liberals or conservatives or is there another source we are not seeing?

 

Q4) Debt often means less buying power.  If I have to pay off $5000 on my credit card, it impacts my ability to save.  Is that the same issue the country faces with this massive newfound debt?

 

Q5) The U.S. Dollar is directly impacted by debt.  Can we expect to see rising prices?  

 

Q6) What can the average American do to prepare today?

 

Q7) Where may we get more info on you and your financial advice? 

   

 Answer: https://PatriotGoldGroup.com/ 



 

ABOUT JACK HANNEY…

 

Jack Hanney has been in the financial markets for 20+ years and is widely heralded as an expert in his field.

 

Born and growing up in Westchester County, NY where his father was a successful politician and owner of an Insurance Brokerage Firm. Jack began subscribing to The Wall Street Journal at the age of 14 and moved to California in his early 20's to study under William O'Neill, arguably the single most successful investor in the history of the markets and founder of Investor's Business Daily and author of How to Make Money in stocks.

 

Jack Hanney went on to be the General Manager and Director of Sales at several algorithmic automated trading companies trading the futures and commodities markets working with Introducing Brokers out of Chicago, Geneva and NYC. Jack was recruited by several tech startups and made a name for himself at Infosearch Media, Virtumundo and The Design People before returning to Finance. Jack passed on Morgan Stanley and other reputable, prestigious Brokerage firms to be a CFP in their Wealth Management Divisions and opted for a position as Senior Executive Trader with MG Private Client Services where he spent 4 years 2010-2014.

 

Jack Hanney had spent two years as Director of Trading, Executive Vice President of WDM overseeing the Retail Division before collaborating with two other prominent experts in his field and opening Patriot Gold Group a collective of Industry-Leading Experts bringing their clients Investor Direct Pricing and superior customer service.

 

Jack has written over 200M in business and trades maintaining outstanding relationships with his clients at Patriot Gold Group (PGG), where he is a senior partner, who he refers to as dear friends and family and now … welcoming them to the PGG family of investors. Jack resides in Los Angeles, California and is the proud father of his two daughters, Kate age 10 and Luna age 18.

 

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