The U.S. government is now so heavily indebted, that if interest rates continue to climb up, interest expenses alone could bankrupt the Treasury, said Michael Gentile, strategic investor and board member on several gold mining companies."If you take the $30 trillion of debt that [the U.S. government] has now, assuming rates go to 5%, which is not a crazy number historically on a 100 year perspective, that would be $1.5 trillion of interest expense, which would be 50% of their revenues, up from 10% of their revenues. So quite simply, they'd be completely insolvent at that level of interest rates," Gentile said, adding that the same apples to the other G7 countries. 0:00 - Introduction2:28 - Macroeconomic outlook7:34 - Inflation expectations8:45 - Gold to Big Mac ratio11:45 - Gold stocks selection__________________________________________________________________Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions. Subscribe to our channel to stay up to date on the latest insights moving the metals markets. For more breaking news, visit http://www.**promotion blocked**.com/Follow us on social media: Facebook - https://www.facebook.com/**promotion blocked**News/?r... Twitter - https://twitter.com/**promotion blocked**newsnow**promotion blocked** - https://**promotion blocked**.com/**promotion blocked**newsLive gold price and charts: http://www.**promotion blocked**.com/gold-price-today...Live silver price and charts: http://www.**promotion blocked**.com/silver-price-tod...Don’t forget to sign up for **promotion blocked** News’ Weekly Roundup – comes out every Friday to recap the hottest stories & videos of the week: https://connect.**promotion blocked**.com/subscriptio...Join the conversation @ The **promotion blocked** Forums and be part of the premier online community for precious metals investors: https://gold-forum.**promotion blocked**.com/ Disclaimer: Videos are not trading advice and the views expressed may not reflect those of **promotion blocked** Metals Inc.
