by Scrolling_Scroller
TLDR: Dr. Marco thinks the US WILL default as they continue spending too much indirectly buying Chinese junk bonds, and not enough on servicing its own debt, and the way taxes are collected.
Link to detailed analysis by US gov of the consequences of a default: https://www.whitehouse.gov/cea/written-materials/2021/10/06/life-after-default/
Link to video on why hyperinflation will be the last resort for the Fed “Ray Dalio Brilliantly Explains The Big Debt Catastrophe”:
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