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It means the US can’t borrow with ‘exorbitant privilege’ anymore.

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Marilyn Monroe Paulo Coelho Abraham Lincoln C. S. Lewis Khalil Gibran Charlie Chaplin Gautama Buddha Isaac Newton

The real debt of the United States is more than 10 times the reported national debt.
ADDISON WIGGIN

Country Debt National
In all fairness, you should point out the difference.
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Difference Fairness Out Point
It means the US can’t borrow with ‘exorbitant privilege’ anymore.
ADDISON WIGGIN

Anand Thakur
Essentially would be the death knell to the US Dollar as the reserve currency.
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Country Currency Death Dollar Essential Knell Reserve
Counting obligations under Medicare and Social Security.
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Anand Thakur
The petroDollar system breaking down, where oil is no longer paid for in Dollars internationally.
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Breaking Dawn Dollar Internationally Longer Paid Petrol System
No one was ever legally required to pay money to Madoff.
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County Medicare Obligation Security Social
For those who unfairly lump Social Security in with Bernie Madoff.
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Difference Fairness Lump Pay Security Social
And it means the US Treasury market is set for an out-of-control interest rate spiral.
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Anand Thakur

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