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This Secret Source of Inflation Will Destroy the Value of Your Money
Backdoor money printing
This Secret Source of Inflation Will Destroy the Value of Your Money
The U.S. Treasury Department has a huge problem.
Over the next 36 months, 53% of U.S. debt is coming due for repayment. That is over $17 trillion. Does the Treasury have $17 trillion in cash available to pay that debt?
No. Of course it doesn’t. So what will the Treasury do? It will have to issue new bonds to pay off the old bonds.
And herein lies the huge problem…
Right now, the Treasury Department is paying an average interest rate of 2.32% on its debt. Today, that debt will have to be reissued at rates between 4% and 5.3%. That’s just about a doubling of interest payments.
That means for every $100 billion the United States now pays in interest, it would have to pay up to $200 billion in interest under the new rates.
Remember, this is no victimless crime. That’s your taxpayer money at work – paying for more and more debt.
So how will the government pay the increased interest expenses?
In this essay, I’ll reveal the answer… and explain why it will create a secret source of inflation that reduces the purchasing power of every American. Warning, it’s something you’ll never read about in the mainstream financial press.
The Secret Source of Inflation