Skip to comments.Treasury Secretary Lew: Raise the Debt Limit Now (by Mitch, Boehner and the Surrender Monkeys)
Posted on 03/08/2015 11:55:27 AM PDT by broken_arrow1
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“Imagine how much the banks will make in interest on $18 trillion of debt when the interest rates move from their current 25 basis points (0.25) to 300 basis points (3%). This will happen after the Fed ceases QE.”
We won’t be able to finance the dept end of story, and Congress will proably vote to end the Federal Reserve to directly print money and finance it’s dept. Either way your looking at major long term inflation.
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