The cost for the US to fund its capital will be higher and every single person on the planet is affected.
If capital funding costs more, then the follow on effect means everything costs more.
Small business lay off workers, who in turn can not afford to pay their higher mortgage and in turn are evicted. With no job and no home and no money to buy food, bread lines and soup kitchens feed the hungry and the homeless. Even those with a home use the soup kitchen as they can not stretch the dollar far enough to buy food.
The follow on effect is an economy that has no available money for spending and as such a chain reaction occurs as more people lose work and less money goes back into the economy.
The final result is a depression unlike anything ever experienced.
There is no way to prevent it. They have tried, they have failed.
Who is profiting from this?
Unemployment rates goes from 24 million to 50 million people?
this is not a fearmongering thread , this is just some thoughts.
If credit costs are higher everything is higher!