Can America pay off the debt?

Friends,

Have we gone over the edge?

Will bankers make us into the next Greece? Or, even much worse – Spain.

Spain had half as much debt as Germany. Germany had not made the debt level they wanted other countries to maintain. But, Spain had less debt than the ‘required’ debt levels. This was compared to each countries economic output.

So, why is Germany good and Spain bad?

IN ONE WORD?

bankers.

TWO WORDS?

banks & bankers.

So, when bankers decide they want more money, and will not pay their taxes

Can you say GEITHNER?

THEY will raise America’s interest rates.

Our current bond rates are 1.6% for 10 year and 2.7% for 30 year.

Current Bond Yields.

Historic rate chart.

Historic rates for 10 year bond yields are usually over 4% …. If they TRIPLE the cost of our borrowing.

WE ARE IN TROUBLE.

In fiscal year 2017 we are to pay 500 billion on INTEREST. IF THAT TRIPLES, interest will become a third of the entire BUDGET.

Who will bail US out?

Wayne

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About Wayne

First, I blogged on blogger, then Myspace - soon I was consistently ranked. Next, I quit. Then the blogging addiction came back .... Comments are appreciated. Not nice comments are edited. You can follow me at the top right.
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