Here is a chart that shows how much total revenue the government gets versus the amount of debt it is carrying. Right now we are at 16% revenue compared to the amount of debt. That means if interest rates went up to 16%, like they did in the 70’s, the banks would have to take 100% of the governments tax receipts to pay the interest on the debt. Add to the problem that we are still adding trillions to the debt by spending more than what we have, the compounding interest that is accruing on the debt AND the $140 trillion dollars of unfunded liabilities not included in this chart.
This will end in an outright default or a hyperinflation, either way all currencies and paper assets are going to die and if you do not have your wealth in REAL tangible assets, you are fooling yourself.