The $40 trillion reckoning: Why the Fed’s rate hike changes everything

On the Record with Christian Briggs – Explaining the system through simple mechanics, Briggs shows that while the Fed manipulates overnight bank rates, real-world borrowing—thirty-year mortgages, auto financing, and commercial debt—is driven by long-term Treasury yields. With the national debt blasting past forty trillion dollars and peacetime deficits out of control, bond vigilantes are staging a...