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BTC096: Fractional Reserve Banking Vs Bitcoin w/ Mike Stroup (Bitcoin Podcast)
We Study Billionaires - The Investor’s Podcast Network
How Much Interest Has Been Paid Over the Last 12 Months?
The gross interest expense for the last 12 months right now is about 718 billion. And as they're rolling that over, and this is the point you were making earlier, so if they're rolling over half of this in the next three years, and we're dealing with these higher interest rates, things become really unaffordable,. Let me go to this next one here. You have rising rates hit government bottom line fast. Exactly what we just said. Go ahead and walk us through a little bit.
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