Quote:
Originally Posted by Marine1974
7 dollars . My thoughts on bank’s, interest rates will go negative on our bank deposits very soon . Yes you will lose money by keeping it in a bank and will it be safe if there is a run on your bank ? . Our country has a national debt of Currently 27 trillion dollars , not counting what the Federal reserve owes . The government just ran out of money in the 3rd month of their fiscal year , maybe a first . They borrowed money under the guise of stimulus
borrowing. Interest rates our at 0
right now . If there is a run on banks to withdraw your money they
quite possibly don’t have it .
The interest on the national debt is now more than the defense budget which wasn’t predicted until 2025 .
Social security fund has been raided and the government now pays benefits out of the government budget . What do you think they will cut ? How much will the next administration borrow ?
Minimum 2 trillion a year , sadly .
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I too am uncomfortable. People do not know or understand. We toss about terms like 27 Trillion. Truth reality how many of us know, can fathom one trillion let alone 27 of them?