Schiff on “Let’s Talk Geopolitics:” The Debt Trap Springs Shut - SchiffGold.com
Schiff on “Let’s Talk Geopolitics:” The Debt Trap Springs Shut - SchiffGold.com
Source: SchiffGold.com
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DW NOTE
Schiff has been calling the debt spiral correctly since rates left the floor, but the trap only "springs shut" when bond vigilantes force discontinuous repricing. At 5.09% on the 10-year and a $1.9 trillion deficit, Treasury is still paying whatever it costs to roll. The question is not whether the math is unsustainable — it obviously is — but whether markets continue pretending otherwise until they abruptly stop.