by Greg Hunter
USA Watchdog
Financial writer, market analyst and precious metals expert Craig Hemke predicted at the beginning of 2024 that the US National Debt would tack on another $2 trillion to the $34 trillion that was already there. The federal debt now stands at $36.3 trillion. Hemke was correct, and now he’s back with his 2025 predictions. Let’s start with where interest rates, they have already gone up dramatically in the last year. Hemke says, “If the economy really is sliding into recession, and they can’t get the budget under control, because of the liquidity that is going to be needed to control interest rates, the fed will be talking openly about yield curve control.”
Isn’t “yield curve control” just another term for printing massive amounts of money to buy the debt? Hemke says, “Yes, exactly. The money has to come from somewhere, right? If they are buying government debt because that’s what they are doing. They are the buyer of last resort to keep those yields down. So, where’s the money coming from? They are the ones creating it. This is a vast devaluation of the currency (US dollar). This is money creation, dollar creation that gets flushed into the economy . . . . This is just like what happened after covid. It continues this inflation against the little guy, you and me and everybody else that has to take their dollars and go buy things. This is where it becomes an untenable situation.”