The Next Contagion: Rising Interest Rates?


A reader sent me a link to the following that came out today:

The Next Contagion

by Martin D. Weiss, Ph.D. 02-01-10

The next contagion is beginning to spread around the globe.

It is …

The Collapse of Sovereign Government Bonds

While there may be a major physical contagion prior to this (like a bacteria, fungus, virus, or other epidemic), regular readers at the COGwriter page are aware that I have warned that increases in interest rates are likely to prove devastating to the US economy (and would also affect the world economy in a variety of ways).

And although rising 60% would increase US debt and have major consequences, I am ultimately expecting for much more than 60% rise from current rates.

Increased borrowing tends to lead to increased interest rates, as does a reduction in the confidence of a particular currency.  Printing up more dollars tends to reduce confidence in them.

The consequences of a massive rise in interest rates will be worse than most people in the USA probably have ever imagined.

Some articles of possibly related interest may include:

Anglo – America in Prophecy & the Lost Tribes of Israel Are the Americans, Canadians, British, Scottish, Welsh, Australians, Anglo-Southern Africans, and New Zealanders descendants of Joseph? Where are the lost ten-tribes of Israel? Who are the lost tribes of Israel? Will God punish the U.S.A., Canada, United Kingdom, and other Anglo nations? Why might God allow them to be punished first?
Prophecies of Barack Obama? Eight reasons why Barack Obama is apocalyptic and eight reasons why Barack Obama is not the Antichrist. This article includes many biblical and non-biblical prophecies, from around the world, that seem to discuss Barack Obama. Did Nostradamus predict Barack Obama dealing with the Antichrist?  Might Barack Obama set the stage for the kings of the North and South as at least one Shiite prophecy suggests?  This is the longest and most complete article on this page on Barack Obama prophecies. Read it and decide for yourself if President Obama seems to be fulfilling various prophecies.
Europa, the Beast, and Revelation Where did Europe get its name? What might Europe have to do with the Book of Revelation? What about “the Beast”? Is an emerging European power “the daughter of Babylon”? What is ahead for Europe?

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