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The FED overnight rate hit 18% at one point didn’t it? 13%, 16%, that’s academic or a moot point regardless.

They can’t ever raise interest rates again. No way. They can save the dollar, or they can save the markets, but they can’t save both. Even a return to historical rates of say 4% or 5% would be “game over”. It would blow up the government.

That was some observers take, at least that appeared to be the case back in the 2008-2011 debacle, and back then the appalling debt and deficits weren’t quite as bad, they have only ballooned since then. Something like 25% of all dollars in the world since 1792 were “printed” in just the last year.

Were interest rates normalized the national government would have to allocate every penny they take in towards interest payments on the debt. No money for anything else in the “budget” (that they haven’t passed in what, 10 years now?). No military or social security or anyrhing. Now you know why they don’t talk about such things publicly.

That is always the “TILT” signal in any national economy. Once they can’t service their bond interest payments on time things quickly get interesting. No more “90 days net” for imported goods, it’s cash on the barrel head only. Hard currency preferred. Nobody wants to lend money to deadbeats, not at 0.5% for 30 years anyway.

The real interest rate is strongly negative right now and has been for a long time.

The gold market is rigged, it should be north of $5000 by now, easy.