[kabar]

EJ Antoni: Gross interest payments on the federal debt hit $879 billion last FY, eclipsing all military spending by $103 billion; if Treasury keeps issuing new debt ($500 billion this month alone) and rolling over old debt at higher rates, annual interest will exceed $2 trillion by 2030..

[DanZ]

One can look at Japan to see what is coming for the U.S with this level of debt.

The other thing down the line is what Rome did to their currency - reduce and reduce the amount of Silver in their coinage. At some point we can end up in the France of 1879, huge poverty with a few elites owning most everything

[rodguy911]

So now we see the plan. If they,the obama govt. keeps interest rates up, the staggering cost of the interest on the debt will eventually collapse the dollar. We are probably already bankrupt but we will be officially bankrupt when we can't pay the interest.
All they have to do is claim they are fighting inflation which they are also causing and keep the rates up high spend as much as they possibly can and our financial system comes crashing down on our heads.
At that point the govt. will try and take over everything if Trump has not already come back.

[rodguy911]

Thanks so much for the graphs people have to see it happening before it makes sense.