The US government is having more and more trouble selling debt to raise money to cover its deficit spending. Nations that rely on credit and overspend can’t survive.
The United States is in serious economic trouble. Our enemies will no longer buy our debt, and DC won’t stop spending. In fact, nations are selling our debt. They don’t want to buy. We’re becoming a junk bond nation.
Our debt is rapidly running out of control. The US government is trying to borrow so much money that the market cannot buy all of it. WELCOME TO BIDENOMICS
Yesterday, the US government tried to borrow $24 billion by selling a bunch of 30 year debt. It was a huge disaster. In order to get enough people to buy, the rate had to dramatically increase. Even then, then primary dealers had to buy 25% of the debt. The primary dealer are… pic.twitter.com/3gbAoAUPdx — Wall […]
Read the Whole Article From the Source: www.independentsentinel.com
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