GGW Video: The Coming Interest Armageddon
In April of this year, Standard and Poor’s rating agency issued a “negative” outlook on U.S. government bonds. The S&P cited: “Because the U.S. has, relative to its ‘AAA’ peers, what we consider to be very large budget deficits and rising government indebtedness and the path to addressing these is not clear to us, we have revised our outlook on the long-term rating to negative from stable”. In layman’s terms: STOP spending or interest rates will rise!
This new video by Government Gone Wild producer Blaise Ingoglia reveals the SHOCKING figure of what our interest payments would be if we returned to the high interest rates of the 1980′s and why we are headed for an INTEREST ARMAGEDDON!
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