Three Horrifying Facts About the US Debt “Situation”
From
Phoenix Capital Research#1: The US Fed is now the second largest owner of US Treasuries.
#2: “There are only about $550 billion of Treasuries outstanding with a remaining maturity of greater than 10 years.”
#3: The US will Default on its Debt
...default is in the cards. Either that or hyperinflation (which occurs when investors flee a currency). Either of these will be massively US Dollar negative and horrible for the quality of life in the US. But they’re our only options, so get ready.
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