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Rafi Farber: Interest on National Debt Approaching $1 Trillion as Powell Calls for Faster Hikes

March 13, 2023

The era of zero interest rates is long gone, and annual interest payments on the $31.6 trillion debt load are up 41% since last year (of course, the fastest rate of increase ever), and fast approaching the $1 trillion mark. Consumer prices aren't slowing their ascent, and so Powell can do nothing but squeeze the Treasury even further.

That is, until he triggers the next financial crisis, at which point he's going to dump more than a few helicopters all over the world. While it has been frustrating to watch the silver price action the past 2 months, everyone knows what happens when Powell channels his Helicopter Ben.

To find out more, click the video now!

Arcadia Economics

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