Here we go.
America has thirty-something trillion in federal debt. Much of that currently is at very low interest rates, due to the near-zero federal rates from the last few years, but the effective rate on the govt's treasury holdings is climbing fast. The projections of annual interest payments are both daunting (e.g., easily more than the defense budget) and quite realistic. IMO we (America) WILL inflate that debt away, back down a more-historical debt/GDP ratio.
Non-fiat stores of value will have, IMO, substantial driving force.
Here we go. America has thirty-something trillion in federal...
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Last
$3.36 |
Change
0.170(5.33%) |
Mkt cap ! $759.3M | |||
| Open | High | Low | Value | Volume |
| $3.20 | $3.40 | $3.20 | $4.533M | 1.369M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | $3.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.36 | 11018 | 2 |
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| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| CYL (ASX) Chart |