Presently the Fed pays an effective interest rate of 0% on the debt. But we will soon see that reach at least 2%. Even without this 10 trillion new spending, the debt will be over 30 trillion by the end of 2021. The interest alone would be about $2,000 for every US citizen, over $5,000 for each federal taxpayer. And we are just putting everything on our childrens' tabs. Good luck, kids!
Exactly what they’re angling for. When the system collapses(it will), the banks will own everything on earth. We shall see if they can collect when the time comes...
Presently the Fed pays an effective interest rate of 0% on the debt. But we will soon see that reach at least 2%. Even without this 10 trillion new spending, the debt will be over 30 trillion by the end of 2021. The interest alone would be about $2,000 for every US citizen, over $5,000 for each federal taxpayer. And we are just putting everything on our childrens' tabs. Good luck, kids!
At that point it's insolvency, austerity, and a surrender of capital assets to creditors
Aka, an economic take over by banks and foreign powers.
But I repeat myself
Exactly what they’re angling for. When the system collapses(it will), the banks will own everything on earth. We shall see if they can collect when the time comes...
Can't collect if we've got more gunpowder than they do