Impact of Rising Bond Rates on Economy

When that 10 year bond rate, interest rate, hits 5 we're through.

We cannot service the debt.

We cannot borrow any longer.

The destruction of credit, which is inevitable at that point, it's going to

bring everybody in the West down. And that's where we're headed right now.

We're going to hit that 5 It's going to break, and then we're going to

be in free fall. That's going

to bring everything to a screeching halt. In the United States, it's all the

people that are invested in pension funds, which we're borrowing against at a

very high rate. And those people are going to lose everything. That's my generation.

These are the so called boomers that have been paying into these things for years.

All of this is going to happen.

That is finally going to change everything.