Loading ...Yes rates were massively high in early 1980s actually the one year was higher up to 17 percent according to different data high 16s to 17, who 10 and 30 were lower in the 15s percent but they had lower debt back then. Miniscule compared to now keeping rates lower. If they went that way now there would be definite fears of default unless backed by something but what?. Illegal Muslim hostages? It won’t help the housing market either with crime around. If gold we don’t even have a audit. So that could keep rates low giving the illusion they’re low or basically due to debt irrelevant.
They may recognize debt but they don’t do anything about it, they just add to it and using it to create jobs just in a different way, manufacturing weapons. It’s all a scam here or there.