Wednesday, September 25, 2013

Maybe this is why the government is buying all that ammo.

 From CNBC, of all places, on the debt and the effect of interest rates on our national ability to pay it.


   "As of today, interest rates are rising, and if this is a turning point, it is a major one.
Rates in the U.S. peaked in 1980 (remember the 14 percent Treasury bonds?) so if we are at the point of reversing a 33-year downward trend, who wants to predict how this will affect the economy?
One thing is clear: Based on CBO projections, if interest rates just rise to their 20-year average, we will have an untenable, unacceptable interest rate bill whose beneficiaries are China, Japan, and others who own our bonds.
And if Americans find out that the lion's share of their income tax payments are going to service the debt, prepare for a new American revolution. "
Once the rates make the debt unaffordable, or when the taxpayers realize their money is simply servicing the outrageous debt, or when the parasites learn their Obamaphones are now off, along with their EBT cards, or any combination of the above, there will be hell to pay.  That would be a true TEOTWAWKI moment, and all the preppers would be in "I told you so," mode.

1 comment:

  1. And don't tell me this hasn't been planned!

    ReplyDelete