IPFS News Link • Government Debt & Financing
AND SO IT BEGINS
• https://www.theburningplatform.com, AdministratorThe US has to issue debt to pay the $1 trillion in annual interest on the existing debt. It is like you running a $50,000 balance on your credit card and adding $10,000 to your balance in order to pay the $10,000 in annual interest on the credit card. This is unsustainable. That which is not sustainable will not be sustained. When they pull back the curtain, will you be ready?
Yesterday, the US government tried to borrow $24 billion by selling a bunch of 30 year debt.
— Wall Street Silver (@WallStreetSilv) November 10, 2023
It was a huge disaster. In order to get enough people to buy, the rate had to dramatically increase. Even then, then primary dealers had to buy 25% of the debt. The primary dealer are… pic.twitter.com/3gbAoAUPdx
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