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BCB077_GREG FOSS & JOE CARLASARE: The Bond Debate

Blue Collar Bitcoin

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How Do You See the Fed Rolling Over the Debt?

The US has about $450 billion. annual interest expense on $30 trillion of debt, which means their average funding yield is one and a half percent. That's the current budget. So then if you have to roll this debt at a 3%, let's say they roll it at a blended yield of 3% on 9 trillion. You're almost at a $1 trillion annual interest expense, at which point you're not even covering your interest expense one half times. But anyway, back to Joe's chart here. This tells you the whole story. This shows you a path of path towards disinflation and deflation over the long run because of the declining productivity. The Fed has its biggest

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