Peter Schiff: 8% 30-Year Treasury Yield Could Detonate a U.S. Debt Crisis!

Peter Schiff is sounding the alarm on U.S. sovereign debt, warning that a 30-year Treasury yield hitting 8% could be the trigger for a full-blown debt crisis — with the national debt now sitting above $39 trillion, the math on interest payments becomes catastrophic at that level.

Schiff, a long-time gold advocate and macro bear, has argued for years that the U.S. fiscal trajectory is unsustainable. At 8% on the long bond, annual interest costs on the existing debt pile would dwarf discretionary spending and force a reckoning between debt monetization and currency debasement — neither outcome is painless for risk assets.

The 30-year yield has already been climbing as bond markets price in persistent inflation and a Federal Reserve that has less room to cut than markets once expected. Schiff's 8% threshold is not a fringe number — it's the level at which the debt-service spiral becomes…