“He said low interest rates have allowed the U.S. to service its debt, but repaying it is almost off the table. Schiff said as interest rates rise and inflation grows, creditors are going to demand a higher premium.  Schiff’s comments come as the U.S. is just weeks away from passing the $20 trillion mark in total public debt outstanding.  On Thursday, Schiff also took a stab at infrastructure spending, which President Donald Trump has vowed to increase while in office. Schiff said that is not going to help the economy.”

Read more:  http://www.cnbc.com/2017/01/26/the-us-debt-bomb-is-going-to-explode-strategist-peter-schiff-says.html

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