Quote:
Originally Posted by LovingKayla
Isn't that now? The rest of the world just hasn't fired us yet.
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I think the house of cards will collapse when we have to roll over the national debt at substantially a higher interest rate.
We can barely carry sixteen trillion at two percent interest. When the debt goes to twenty trillion at ten percent interest, that's probably about the limit.
The higher debt, will cause higher interest rates, which will drive the debt even higher, which will drive the rate higher, lather rinse repeat. Game over.