Can't Fuck in Below?

The average coupon is going to be 3% and it's going to be close to a trillion dollars annually, as Larry mentioned. Wait until the current 10 year rate rolls into the funding as an average funding rate and you're going to be over 1.2 trillion. Put the same number in there at 20% guys. And you are running a deficit that is five times larger than your tax revenue because of the interest burden. So like it or not, even if inflation runs hot, you can't fight it by raising rates. Why? Because you'll just accelerate this debt burden and they could keep printing money to do it. The truth means your debasement accelerates as well.

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