Collapso, Dys, Donkey and Poodle your in good hands……if you want to keep your debt you can keep your debt!

$18T doesn’t really describe the total public debt since a large portion of the debt is not even figured into the calculation. If you include the debt on social security, medicare, medicaid, unemployment benefits, unfunded pension liabilities, guaranteed student loans, etc… which are all OFF THE BOOKS, the total federal debt is closer to $100T. That’s just the public debt. Private debt is a whole other story.

Don’t forget that artificially low interest rates keep the Federal Government solvent.

Dys, our US government is $18 TRILLION in debt, financing 38% of our operating costs with borrowing. Every single year.

CA is $500 billion in debt from pensions ALONE. Add in healthcare debt and it could be over $1 trillion.

You still think we are solvent? I don’t.

And there are always 2 sides to a ledger. For every person who benefits from low interest rates, another person loses.

Seniors who are approaching retirement or who have retired have traditionally relied on fixed income investments to supplement their earnings. A ‘safe harbor’, so to speak. With 1% (or less) returns on those investments, now many are forced into riskier investments just to make ends meet. What happens if the bottom falls out again? They’re done.

Plus, as I noted before, the buyback of US treasuries by the Fed forces consumer prices upward. Anybody who lives in the real world can see that prices are going up much faster than being reported by the government or the media. Education, housing, healthcare, energy, etc…. costs are rising quickly while wages remain stagnant. And those costs consume the biggest portions of consumer incomes. So the consumer is paying the price on the back end for all this QE activity. And when prices rise and wages don’t – it creates big problems for the peasants on Main Street while the Too Big To Fail’s and Too Big To Jail’s get richer and richer.

Don’t forget that artificially low interest rates keep the Federal Government solvent. The Federal Reserve is by far the biggest buyer of Federal debt now. Without that funny money subsidy the current regime could not hope to sell anything more than a fraction of it’s current debt.

Education costs: up (ask any college kid)
Healthcare costs: up (read today’s news about ObamaCare)
Energy costs: up (when’s the last time you saw $3/gal gas?)
Housing/Rent costs: up ($1800 for a lousy 1 bdr apt in a decent area of LA)
Entertainment costs: up ($92 for a ticket to Disneyland)
Travel costs: up (check out all the add-on fees with the airlines)

Wages have been flat or even decreasing in some industries. And the oligarchs want to saturate us with even more indigent foreign workers! lol.

What is keeping interest rates artificially supressed? Quantitative easing. The infusion of more worthless fiat dollars into the economy that pushes the cost of living higher and erodes your buying power. And Yellen loves quantitative easing. She’ll continue right where Ben left off.

Net outcome? Supressed wages. Higher poverty rates. More crime. More urban blight. Decreasing quality of life.