tyb
>Aspen Institute
kneepads did muh climate change with Aspen Institute yesterday in Miami
>>18470827 pb
Interest Payments on The National Debt Are Going Vertical
For non-financially oriented anons
Summary:the amount of short term debt (Treasury Bills) has skyrocketed since the last financial 'crisis' (2008-09..it started in earnest well before but the cracks appeared in public starting in 2007) and the inverted Yield Curve (the interest paid on shorter term debt vs. longer term) has massively increased the amount of dollars the system needs to pay off all the debt that has been issued. There is about 4-5X the amount of shorter term debt (bills) vs longer term (notes-longer than 1 year term) since the 2008 financial crisis and the debt that was issued after that BS was all at much lower rates so when you hear "No..it's really different this time" it is not a throw away line or observation. In the past that has been the "line" that most FIN Media throws out to cover something that should not be happening (usually trying to paint a much rosier picture than what you really see and observe)…however in the current economic climate it is very true.
Each time yield (% paid to the holders) increases in our Gov't issued debt that is moar dollars that need to be printed/issued to service said debt. In addition (which is not covered in this video-but the creator of this video has ones that do address this) add in the fact that the Bank of Japan has sold a record amount of our US Treasury Notes (what they call Foreign Currency Reserves) defending the Yield (trying to keep it at .50%) on it's 10 year Notes (JGBs with it's Yield Control Cap Policy) that it issues-which makes our Yield go up even higher and also devalues it's own currency (yen) in the process
And Monday there was a record amount of 6 month bills taken by the non-competitive classification aka as Retail (you , me…anyone that buys these that are 'mom and pop') the attraction of basically free munee has it's temptations cause it's well above the 10y Yield (5.235% for 6 months vs 3.911% for 10 years)
https://www.marketwatch.com/investing/bond/tmubmusd06m
https://www.marketwatch.com/investing/bond/tmubmusd10y
That is also covered in the video but linky here
Retail Investors Buy Record Amounts Of Six-Month Bills In Monday's Auction
https://www.zerohedge.com/markets/retail-investors-buy-record-amounts-six-month-bills-mondays-auction
https://www.youtube.com/watch?v=8CRtpXZ4VLo
>>18475400 lb