I never thought I’d live to see the day that, after racking up:
FIFTEEN TRILLION DOLLARS OF DEBT
…people would be piling into 4-week T-bills and accepting ZERO interest.
But here we are.
Look for yourself:
There it is, in black and white: Treasury auction results: ZERO interest rate.
So, what’s next? Us PAYING Uncle-T for the “privilege” of loaning him money?
And, so much for “credit rating downgrades”. Sheesh, if S&P were to lower Uncle’s credit rating to “Default”, 30-Treasury rates would probably collapse to 1%…LOL