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
Where do I start? Well, this blog at www.luvsiesous.com is the latest of 3 blogs I have written over the last 7 years.
I am a retired Oracle Instructor.
My friends are starting my old company back up.
I have been blogging for most of the last decade. Google destroyed my first blogging account. So, I moved to Myspace - soon I was consistently in the rankings. MySpace gave me a virus (bad one). So, "I moved" to FaceBook. I do not like Facebook changing their settings all the time .... And it is NOT blogger friendly.
So, finally, the blogging addiction came back ....
But, stick around and read about me. Comments are appreciated. You will teach me something. Not nice comments are sometimes edited. I have let some stand in the effort to be fair to others. But, this is my site .... comment and tell me something.
I love to start churches.
I think America 1950 was much better than America Version 2.0 is .... So, I really hope someone inspires our next generation ....
