Pretty soon the government will have to issue debt to just service the debt!!!
If the U.S. Government is already running a yearly ~$1.5+ trillion budget deficit and you suddenly have ~$1.5+ trillion in yearly interest payments on the debt, you are in deep Ponzi scheme territory! https://t.co/fdZDB0bUgr
— Peter Spina ⚒ GoldSeek | SilverSeek (@goldseek) June 5, 2023
interest rates at 5% Washington has to pay 35% of its revenue on debt payments.
At 7% the interest payment jumps to 50%!
Tick tock! pic.twitter.com/cDcrvA6kpw
— The Punisher (of Wall ST) (@GregCrennan) June 5, 2023
3-month U.S. Treasury yield hasn't lost its breath and continues to hover near highest in >2 decades pic.twitter.com/AACffUH1Vb
— Liz Ann Sonders (@LizAnnSonders) June 5, 2023
Think that this is quite likely to play out unfortunately.
Rough times coming during that US bonds drop probably.Fed would probably try to save the bond market before USD, but the global levereged debt mountain could take down bonds anyway.#usbonds #usyields $tlt $tnx #gotgold pic.twitter.com/EIko8tkxHe
— Graddhy – Commodities TA+Cycles (@graddhybpc) June 5, 2023