“… The U.S. government normally relies on three major players to buy its debt. But the federal government has a problem right now. Those players aren’t buying. In fact, they’re selling. … Interestingly, the U.S. government borrows a lot of money from itself, as WolfStreet highlighted. … With the three biggest players not only spurning U.S. bonds, but actually dumping more Treasuries on the market, it seems unlikely that U.S. investors can pick up the slack forever. That means we should expect rapidly increasing interest rates. … This creates a huge problem.”
Read the full article on: Tenth Amendment Center