Posted on 07/15/2020 5:50:23 PM PDT by RandFan
Correction- in 2019 the US paid $600 billion in interest payments. By 2026, our payments MAY exceed $1 trillion per year.
Yep, and if there is any inflation we can expect that interest rates will go up and that $1 T can climb much higher than that.
I think Trumps this and is trying to get as much money into our hands as possible, which is why he is looking for cash payments and direct tax payroll breaks. I think he knows we’re headed to a shooting match and wants us to prep using that money.
After that the US Treasury department creates our money like it was always supposed to and the Federal Reserve will have to go out and get a job.
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