Twenty year Treasury bonds auction "disappointing."

The interest rate is out above 5%.. And most Americans dont have a clue what this means. It means that investors want a higher interest rate, because the $US isnt a AAA investment any more. It means that more of the governments tax take for the next 20 years is going to cover the interest on money they are borrowing today.. Like the Billion dollars plus to refit that "Free" plane trump just got that will be his after he leaves office.. Just add it to the almost $40 Trillion already owed. Good luck with that one Suckers! The Chinese are going to buy the whole place for cents on the dollar, like some celebrities buy towns or sports teams..😷

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swirlie · 31-35

I think America's recent downgrade from AAA status is only a reflection of where it actually wanted to fall to, meaning there is now a downward trajectory in play, but where it now sits or is at least resting is only a false truth of America's true value.

Let me down slow and easy as they say, one downgrade at a time so nobody notices too much too soon...