Inflation Insanity Continues – Ep 848
The Peter Schiff Show Podcast
00:00
Can We Repay This Debt?
The yield on a US Treasury 10-year note closed above 4%. This is the first time we've really been above 4% in yields since 2010. The only reason we've been able to afford the debt now is because interest rates were so low. We have more than triple the debt we had the last time yields were at 4%. It's crazy for anybody to believe that the Fed will succeed in reducing inflation back down to 2%. In fact, the only hope it has of getting out of this debt is to inflate it away.
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