DEBT - THE IMPACT OF SERVICE INTEREST
The producer of this video makes important points about the interest payments on the national debt that SOME of you are not aware of;
BUT I CANNOT BELIEVE THAT THE PRODUCER BLEW IT!!!! he left out the most important point!!!
The scary issue: what happens when the federal reserve has to raise interest rates to combat inflation?
Today, those of you with certs of deposit know they pay a measly 1% because the federal rate is less than 1%!!!!
If you are older than 45, you might remember when the Fed Rate exceeded 20% under Carter.
If the Fed Rate goes up to combat inflation , like many INVESTORS ARE BETTING ON, then the INTEREST ON THE DEBT will bring our government to a screeching HALT.
watch the video, click on (more)
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