US paid $861 billion in debt interest over the last 12 months. That’s just what the Treasury reported. Add $100 billion in Fed handouts to banks, and we’re looking at a staggering $962 billion in interest costs. Wake up - this is the new normal. - Sky-Tide Marketing

US paid $861 billion in debt interest over the last 12 months. That’s just what the Treasury reported. Add $100 billion in Fed handouts to banks, and we’re looking at a staggering $962 billion in interest costs. Wake up – this is the new normal.

August 28, 2024

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Very funny! They found a way out: The largest bank in Russia has advised clients to seek loans in Belarus due to Russia’s monstrously high interest rate. The key interest rate difference between the two countries is striking: Russia at 21%, compared to Belarus at 9.5%

The key (or refinancing) rate refers to the interest rate at which commercial banks borrow money from the central bank.