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Re: mannken post# 17066

Tuesday, 08/31/2021 7:55:36 PM

Tuesday, August 31, 2021 7:55:36 PM

Post# of 29818
When the debt hits $30T, things might get even more interesting. What happens when the debt hits a $100 trillion? It's money that the central bankers who own the Fed owe to themselves. So does the national debt even matter? Well, yeah--taxes will have to be raised just to pay the interest on that debt. Higher taxes means people will sell stuff to raise cash to pay those taxes. They'll sell stocks.

The principle is un-payable. And if they raise rates, well then....well, they can't without an implosion.

We'll see negative rates before we see a rate hike. The Fed's hinting at it to address inflation is just silly blather. A tale told by idiots signifying nothing. Instead of getting a few cents interest on savings, those with money in the bank will have to pay the banks to store their money. The worse the negative rates are the more people will quickly spend the money = inflation. Raising rates again to ameliorate that will only cause crashes because of that pesky debt. The Fed can do nothing but continue to inflate the biggest bubble of all time.

What does this mean to UVXY? For a while, it will be the same. The market will go higher and UVXY will make new all-time lows until another reverse split. Or it will discontinue as a going concern.

A nation of sheep will beget a government of wolves. — Edward R. Murrow