The last time today's guest expert was on this channel, he warned that rising interest rates would cause a surge in the debt service cost on America's national debt -- and that THAT would perhaps be the destabilizing trigger that would "break something" and force a policy pivot by the Federal Reserve.
Well, the first half of that prediction has proven correct. Interest on the national debt is on track to exceed $1 trillion in 2025 -- that's more than a doubling vs last fiscal year.
So, what about the second part of the prediction?
Will higher debt service costs -- for the government, for corporations, for consumers --- be the straw that breaks the economy's back? And if so, what will the repercussions be?
To discuss, we welcome back to the program Brien Lundin, CEO of Jefferson Financial, publisher of GoldNewsleter.com and producer of the excellent New Orleans Investment Conference.
LEARN MORE & REGISTER FOR BRIEN'S NEW ORLEANS INVESTMENT CONFERENCE at https://www.wealthion.com/noic
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