With inflation barreling out of control, the Federal Reserve announced it expects to raise interest rates several times beginning later this year and into 2023. It’s a decision that doesn’t sit well with Rana Vig, CEO of Blue Lagoon Resources, who says jacking rates will devastate our economy.
“The reality today is, the government is in so much debt, it cannot raise interest rates,” Vig says. He says we’re now facing a $30 trillion deficit and, if interest rates only went up 5 percent, that would incur $1.5 trillion interest payments alone. “The U.S. government would become insolvent,” he says.
Meanwhile, World Alternative Media’s Josh Sigurdson reports that countless experts are running from fiat and getting into gold, silver and Bitcoin. There appears to be a significant monetary revolution happening. The question is, when will the boom happen? Here’s more with Sigurdson and Vig.