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The US president has now said openly that inflation can help pay down America’s $40 trillion debt, just as bond markets are demanding the highest borrowing costs in decades and ordinary people are feeling the consequences through mortgages and jobs. At the same time, Canada and Europe are quietly building new trade, payment and strategic relationships that reduce their dependence on the United States. This video connects those threads, because the real question is no longer just how Washington borrows the money. It is what happens when lenders start wondering what kind of dollars they will eventually be paid back in.

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📌Chapters:

00:00 Introduction

02:51 Global Bond Sell-Off

06:50 Paying Debt With Inflation

10:38 Wall St vs Real Life

14:45 Canada's Next Moves

17:36 Europe's Payments

20:31 Predictions

📚 SOURCES & FURTHER READING

Trump's interview with TIME (full transcript, 1 Oct 2026)

https://time.com/article/2026/10/01/donald-trump-2026-interview-transcript/

IMF Fiscal Monitor, April 2026: "Fiscal Policy under Pressure: High Debt, Rising Risks"

https://www.imf.org/en/publications/fm/issues/2026/04/15/fiscal-monitor-april-2026

Institute of International Finance – Global Debt Monitor

https://www.iif.com/Products/Global-Debt-Monitor

US Bureau of Labor Statistics – Employment Situation (September 2026)

https://www.bls.gov/news.release/empsit.htm

Freddie Mac – "Mortgage Rates Average 7.28%" (1 Oct 2026)

https://freddiemac.gcs-web.com/news-releases/news-release-details/mortgage-rates-average-728

Federal Reserve Distributional Financial Accounts – share of stocks held by the top 1%

https://fred.stlouisfed.org/series/WFRBST01122

Federal Reserve Distributional Financial Accounts – share of stocks held by the bottom 50%

https://fred.stlouisfed.org/series/WFRBSB50203

Bancomat, Bizum, EPI/Wero, SIBS–MB WAY and Vipps MobilePay announce the European Network for Payments

https://newsroom.kbc.com/bancomat-bizum-epiwero-sibs-mb-way-and-vipps-mobilepay-announce-the-creation-of-a-european-interoperability-entity-to-connect-their-respective-solution

Vanguard – Understanding stock/bond correlations

https://www.vanguard.co.uk/professional/vanguard-365/investment-knowledge/portfolio-construction/understanding-stock-bond-correlations

Financial Times – Eurozone borrowing costs surge in global bond rout

https://www.ft.com/content/e485a228-1efe-426b-addc-26069ba48bf3

Fortune – Trump soft-launches higher inflation as a solution for the $40tn debt

https://fortune.com/2026/10/02/trump-inflation-growth-national-debt-tariffs-ratio-balance/

Politico – EU and Canada to announce sweeping new partnership pact

https://www.politico.eu/article/eu-and-canada-to-announce-sweeping-new-partnership-pact/

Reuters – Carney plans to visit Turkey this month

https://www.reuters.com/world/americas/carney-plans-visit-turkey-this-month-sources-say-2026-10-02/

Reuters – European payments groups join forces to lessen US reliance

https://www.reuters.com/business/finance/european-payments-groups-join-forces-lessen-us-reliance-2026-09-30/

#UnitedStates #USDebt #Inflation #BondMarket #Geopolitics #Economics #Canada #Europe #GlobalEconomy