Luke Gromen: Ballooning Deficit Caused By Higher US Debt Costs Likely To Force The Fed To Pivot

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With the aggressive return of higher interest rates, the gargantuan piles of debt that world nations owe to each other suddenly become a lot more worrisome.

Higher interest rates means higher debt service costs. Which means less money left over for governments to fund their operations.

Today’s guest, macro analyst Luke Gromen, has long warned that the world has been heading into a massive sovereign debt crisis.

Have today’s rising interest rates just accelerated the day of reckoning? And what will such a reckoning look like?

In this video, we dive deep with Luke for answers.

Endgame For Fiat Currencies Nears As Debt & Inflation Become Unsustainable | John Rubino

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As governments increase their debt, servicing that debt becomes a bigger and bigger problem.

That’s especially true if the pile of debt is growing much faster than the underlying economy, which has been the case for decades.

This forces central banks to print more new currency in order to enable their governments to handle the debt service payments.

But once inflation starts becoming an intractable problem & interest rates can no longer be suppressed, the system breaks

. History is clear on this.

So, are we close to such a seminal breaking point?

Dangerously close, concludes monetary historian and macro analyst John Rubino, co-author of the book The Money Bubble along with James Turk. We’re going to dig into the reason why, as well as what steps regular investors can consider taking today before that breaking point is reached to protect their wealth.

Time To Get Out Of The Market? Or Is A Rally About To Arrive?

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Another emotionally exhausting week in the markets…

Bonds continued falling & stocks are testing the year lows.

Is it time to get out of the markets?

Or is a relief rally from here more likely?

Investment advisor Lance Roberts and I debate that in this week’s Market Recap.

We also discuss the recent Fed decision, where inflation is heading, early signs of demand destruction, the risk posed by margin debt, and a number of other timely topics.

For your

weekly dose of what matters right now, watch our latest Weekly Market Recap.