JPMorgan Chase CEO Jamie Dimon recently warned we could see rates as high as 7%.
At 7%, the interest payment on $33 trillion debt would be about $2.1 trillion – every single year.
It’s like a termite infestation in the foundation of your home. On the surface, everything looks fine. But crack open the foundation, and you see it rotted away.
That’s how inflation works. It eats away at your savings like termites eating wood.
And it’s about to get worse…
The Final Collapse of the U.S. dollar is coming!
Some people say -- As long as USD is the hard currency, high rates will hurt emerging economies more than US self.
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