U.S. national debt nears $40 trillion with yields highest since 2007, Peter Schiff warns

U.S. national debt nears $40 trillion with yields highest since 2007, Peter Schiff warns
U.S. debt and Treasury yield surge

Peter Schiff, CEO and chief global strategist of Euro Pacific Capital, notes that the yield on the 10-year Treasury is 4.6% and approaching 5%, which would be the highest level since July 2007.

Schiff highlights that back in 2007, the U.S. national debt was about $9 trillion, but it is now nearing $40 trillion, more than four times higher. He argues that rising interest rates pose a far greater problem today given the increased debt burden.

Schiff has previously commented on significant shifts in asset pricing. He noted that STRC fell to $93.5, leaving early investors down 6.5% and raising its yield to 12.3%. In another instance, he pointed out that Strategy shares dropped below $85.50, trading at a steep discount to their Bitcoin-per-share value.

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