If Japan's Interest Rates Hit 6%, 100% of Tax Revenue Goes to Debt Interest. America Could Be Next.

If Japan's Interest Rates Hit 6%, 100% of Tax Revenue Goes to Debt Interest. America Could Be Next.

The post If Japan’s Interest Rates Hit 6%, 100% of Tax Revenue Goes to Debt Interest. America Could Be Next. appeared first on 24/7 Wall St.. Peter Schiff warns that Japan's 250% debt-to-GDP ratio creates a sovereign debt crisis if rates rise to 4%, forcing two-thirds of tax revenue toward interest payments alone. A 4% yield on Japanese government bonds would consume two-thirds of Tokyo's $500B annual tax collections in interest costs, leaving…

If Japan’s Interest Rates Hit 6%, 100% of Tax Revenue Goes to Debt Interest. America Could Be Next

The post If Japan’s Interest Rates Hit 6%, 100% of Tax Revenue Goes to Debt Interest. America Could Be Next. appeared first on 24/7 Wall St.. Peter Schiff warns that Japan's 250% debt-to-GDP ratio creates a sovereign debt crisis if rates rise to 4%, forcing two-thirds of tax revenue toward…