[Para-Ord.45]

Too late. The elites have painted themselves into a corner with ZIRP + debt.

Once interest rates rise the cost just to pay the interest on debt they created will consume the majority of the federal budget.

Only two ways out, minus the hope of some miraculous new product/economic explosion, repudiate the debt or France-like 75% tax rates/confiscations of 401ks etc.

[Orange1998]

Ben is buying like a mad man. Just the slight indication of Ben pulling back will cause interest rates to rise. Ben says publicly he knows how to unwind QE in orderly fashion but I don’t see it.

[Pearls Before Swine]

Too late. The elites have painted themselves into a corner with ZIRP + debt.

Once interest rates rise the cost just to pay the interest on debt they created will consume the majority of the federal budget.

Feldstein knows this. He's too polite to say it out loud. He's just hinting around the edges.