In 2004, the last time the US 30-year Treasury yield crossed 5.5%, the national debt was $7 trillion. Annual interest costs? About $350 billion. Painful, but survivable. Today, the same yield level sits atop a $40 trillion mountain of debt with interest payments approaching $2 trillion a year. Let that sink in. Same yield. Nearly six times the debt. Nearly six times the interest bill.
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***** Sources for this video *****
Intro vid: It’s a Hard Flock Life: https://x.com/ShannonJoyRadio/status/2102382240357388755
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