Government Debt and Currency Devaluation - GoldSilver
Government Debt and Currency Devaluation - GoldSilver
Source: GoldSilver
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DW NOTE
The standing context shows US inflation at 4.1% annual, the federal deficit at $2 trillion, and the 10-year Treasury yielding 4.54%. That means Washington is borrowing $2 trillion per year at rates below the rate at which the dollar is losing value — a textbook prescription for currency debasement. Every bondholder is being paid back in dollars worth less than the ones they lent.