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21 sats \ 4 replies \ @Car 4h \ parent \ on: US debt hits $38 trillion, 2 months after reaching $37 trillion - Fortune econ
What happens when it hits 100 Trillion? Does it move the dollar sign?
At current rate it hits $50T in two years.
At that point the USA is functionally insolvent.
Nobody in their right mind wants to buy USTs anymore.
Already China holds the US military - industrial complex over a barrel with their stranglehold over rare earths supply chains.
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