Interesting Article on the National Debt

ksammut

Real Interest Rate Risk and the National Debt

braddick

Some of the comments below the article are stunningly brutal!

ksammut

<< <i>Some of the comments below the article are stunningly brutal! >>



I noticed that too.

Coyn

The end game being prepared will be that all dollar based assets will be simply balances on account with the US govt and the banks as the bookkeepers. There will be no mention of deficits or Tbills, just how many dollar credits you have in your US account to draw upon during your lifetime. The gov't will tax your account a percentage periodically and it will vary with their needs. They will limit access in times of inflation and will force spendings in times of deflation. They will be the ultimate control of all cash access and transfer.

jmski52

The end game being prepared will be that all dollar based assets will be simply balances on account with the US govt and the banks as the bookkeepers. There will be no mention of deficits or Tbills, just how many dollar credits you have in your US account to draw upon during your lifetime. The gov't will tax your account a percentage periodically and it will vary with their needs. They will limit access in times of inflation and will force spendings in times of deflation. They will be the ultimate control of all cash access and transfer.

That's how it appears.

It does seem unavoidable that interest rates will have to rise in response to risk before too long. Money creation to force rates down is blatant manipulation, and there are enough smart people around to figure that out. And what's the impact then, of rising rates across the board? Those who ignore the past are destined to repeat it. When rates rise and money gets tight, money is more dear and people lose out if they've over spent and over-committed. Which leads me to the observation that a government who promotes personal debt is promoting an illicit paradigm. This could be stated in many different ways, but suffice it to say that an economy that is based on a standard unit of debt such as the dollar - is a mistake.

derryb

The endgame in pictures: