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Some Clear Thinking On The Yesterday’s Massive Deficit Announcement by Simon Black

April 14, 2021April 14, 2021 EarthNewspaper.com Comment(0)

Central banks typically fight retail price inflation by raising interest rates. But again, if they do raise interest rates, the US government will have to refinance its maturing debt at higher rates. Think about this: if Treasury rates were only as high as they were in 2008 before the last crisis, the US government would have to pay more than $1.5 trillion each year just in INTEREST. Alternatively, if the Federal Reserve decides to ignore rising inflation, and keeps printing money to buy Treasury securities, then inflation will soar even higher. Either of these scenarios would be extremely destructive.
https://www.sovereignman.com/trends/some-clear-thinking-on-the-yesterdays-massive-deficit-announcement-31964

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John Lennon was the greatest singer-songwriter and the most influential political artist of the twentieth century. He was assassinated on Monday, December 8, 1980, walking into the Dakota, his home on the upper West side of Manhattan, New York City. I was at the Dakota for nine hours that fateful night. I created this documentary to honor John. Strawberry Fields: Keeping The Spirit Of John Lennon Alive (Film) (1:22:08) Producer | Writer | Director: Mark R. Elsis Featuring: Crying For John Lennon by Hargo, Produced by Phil Spector and Graham Ward Released Online: April 1, 2020.

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