Why there will be many more Detroits – in one chart |:
"But the reality is the Federal Reserve is artificially suppressing interest rates because of the Godzilla-sized national debt of $16.9 trillion.
That’s the official figure, according to our feral gummint.
The real figure, according to a U.C. San Diego economics professor, is $70 trillion.
If the Federal Reserve lets interest rates go up, then our gargantuan national debt will balloon even quicker."
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