When Interest Rates Rise – It’s Game Over

Tuesday, March 11, 2014
By Paul Martin

by John Little
March 11, 2014

I just looked at the US debt clock.

Did you know that the total value of everything that America produces is LESS than the value of the US national debt?

Pretty shocking. But, it gets worse.

If you look at the US debt clock, you see that our ‘official debt’ is something like $17.5 trillion. THAT part of the debt is covered by the US Treasury Department when they issue bills, notes and bonds.

Unfortunately, there’s a TON of future debt rolling down on us. When you’re looking at the US Debt Clock webpage, that debt is at the bottom of the page, labelled US Unfunded Liabilities – about $128.22 trillion (right now). The US Treasury Department does NOT cover that debt, yet. (But, they will – in the future.)
That’s a lot of debt. And, where there’s debt, there’s an interest rate and an interest payment.

So, what happens when the interest rate goes up?

The Rest…HERE

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