Analysts have calculated that if the interest rate on Treasury debt stood at 6.2% – their level in 2000 – the annual interest payment on the current debt would nearly triple to $1.3 trillion annually. https://t.co/Vle9v8SFAD
— Peter Schiff (@PeterSchiff) January 29, 2018
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- Some have speculated Germany wants the gold at home in the event of a breakup of the EU and a collapse of the euro. http://bit.ly/2xfQO0f
- November report "Is it True, as David Hume (1711 – 1776) postulated that, "Nothing is esteemed a more certain sign of the flourishing conditions of any nation than the lowness of interest"?" published. https://bit.ly/2y4LJZQ
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- Ep. 322: Economic Alice in Wonderland: http://bit.ly/2necG95 via @YouTube
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- Goldman pointed to several fundamental weaknesses it sees in cryptos that make gold a better long-term value. http://bit.ly/2z6Nt7l
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- Experts are dismissing the danger of rising bond yields as they claim rates are going up for the right reasons. But it's far more likely rates are rising for the wrong reasons. But regardless of why rates are rising, the U.S. has so much debt that it can't afford the higher cost.