US Treasury, who just bought back $18B of their own debt this past week.
Like using your Visa to payoff your Mastercard
And Japan and China are selling
And folks are going to think hard about Stonks and CDs watching the market get set to tank when they can get guaranteed 4.625%+ on short term Treasuries.
We're broke. We have 2 choices
1- Print more and watch rates continue to go up
2- Default
Nobody wants the bonds, that’s why the yield is going up so fast.
Like Trump promising you $5000 for your vote, the US Treasury is having to raise the premium (yield) to get people to buy them.
Which raises our printing borrowing costs which already consume 20-25 cents of every tax dollar
Eventually, combined with stupid outrageous Defense spending, you have no money left for the little things like Social Security, healthcare, infrastructure, food…
Folks don’t seem to understand that we’re approaching the end game with Trump behind the wheel going 120mph with no brakes and that light in the tunnel is going to smack us harder than anyone alive can imagine