Interest On Federal Debt Hits $1 Trillion For The First Time

A good overview of this ridiculous time in our country’s history. And pay close attention to how interest rates rising is making this problem so much worse. Remember when the OCGFC demanded austerity in other countries with too much debt? Remember those banking account haircuts? My hunch is they’ll come for all that 401k money with promises to take care of you later. Of course that will be what you have left after the next crash as many will lose large chunks of that retirement money, and remember that they don’t allow you to just pull that money out without a good reason and huge tax penalty. And all that money has been invested with the OCGFC investment megacorps where they used it to create huge bubbles they profit from.