THE US FINANCIAL SYSTEM: ON THE BRINK

Wednesday, July 17, 2013
By Paul Martin

SilverDoctors.com
JULY 17, 2013

Most people have no idea that the U.S. financial system is on the brink of utter disaster. If interest rates continue to rise rapidly, the U.S. economy is going to be facing an economic crisis far greater than the one that erupted back in 2008. At this point, the economic paradigm that the Federal Reserve has constructed only works if interest rates remain super low. If they rise, everything falls apart. Much higher interest rates would mean crippling interest payments on the national debt, much higher borrowing costs for state and local governments, trillions of dollars of losses for bond investors, another devastating real estate crash, and the possibility of a multi-trillion dollar derivatives meltdown.

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