First Mining Gold Corp (FFMGF)

[Implanting]

My guess would be that with interest rates being as low as they were FOR 15 YEARS that this problem will be international in nature. Remember the U.S. still had the highest rates (just above zero) prior to the Fed embarking on the current rate hiking cycle. So, this shouldn't only be a problem for the U.S., it's going to have to hit ALL loans taken at those lower rates that have to be refinanced at the much higher rates that are in place now. That ain't gonna happen.

That's going to be a very big problem and we should see some sort of banking contagion come from it. Sure, not all loans will come due at the same time, but maybe it creates a series of rolling defaults, as the loan borrowers won't be able to refinance at the current much higher rates.

Of course, Powell and his minions are playing down this whole scenario. It's only the little banks, not the big banks. LOL The article you posted says otherwise. So, Mr. Powell tell me how you can keep rates higher for longer when these defaults begin? They'll be forced to drop rates like a rock when these loans can't be refinanced. JMHO

P.S. Of course the faster interest rates fall the higher the gold/silver prices will go. LOL