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Why Crypto Is A Losing Game w/Economist Peter Schiff EP 1208
The School of Greatness
What if the Fed Had to Rake Interest Rates to Five %?
Inflation first broke a trillion around 19 80, when we elected ro regan. Right now the cost of governmentf the interest expense on the national debt is really about one %. What if it matured and then they had to roll it over at five %? I mean, t hat the cost of the government is astronomical. It doesn't have the money. But also, corporations have tremendous amount of debt. They issue debt to buy back stock. Individuals have debt. So, you know, nobody can afford the type of interest rates that would be necessary to rein in this kind of inflation.
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