- Interest rates this low have always been perceived (by our governments and all legitimate economic commentators) as being so reckless that any short-term benefit from such rates would have been more than offset by long-term harm.
- The reason why our governments have always deemed interest rates this low to be reckless is that in remotely healthy economies such rates would cause these economies to “over-heat” so rapidly and extremely that they would reach unsustainable levels of production and demand.
The U.S. national debt might have already hit $20 TRILLION by the time this article is read. And that number excludes countless $trillions of debt which previous regimes have hidden with assorted accounting frauds. This is how/why U.S. “unfunded liabilities” exceed $200 TRILLION – because significant amounts of actual debt have been transformed into mere “liabilities” via accounting fraud.
Real U.S. debt is well above $20 trillion. Real U.S. GDP is down around $10 trillion. Without this extreme, permanent accounting fraud and years and years of falsifying GDP, it would be impossible for the U.S. government to pretend that the United States wasn’t already bankrupt. Other Western economies are only in marginally better condition – while their Traitor Governments run these economies into the ground as quickly as possible.
Look at the extreme, reckless (criminal) interest rates across the Western world. Understand what those rates mean. Look at the anemic energy demand across the Western world. Understand what it means.
The Western world is mired in a Greater Depression. To people who are paying attention, it couldn’t be more obvious.