not only the US
Discussion
but also Japan with rates that were historically above zero now have higher rates
all the European nations, all with higher targets
so America started the fire with the debt
but we have got all these silos of nation-states, most of them Western nations
most, if not all, have a debt financing market base
and Japan is doubly extra, being a cheap funding nation to the US
when you have this level of debt
we've got 45 years now under the belt
we are DONE in the existing system
it's foundational to FIAT
we have a contagion in the bond market
it affects everything
the stock market doesn't go up
there are equities that have borrowed to pay dividends
there are real estate collapses
there are bank base collapses
this is a real contagion across the world
and that will be very problematic
famous quote Ernest Hemingway:
“How did you go bankrupt?”
slowly at first and then suddenly
you are here
rate hiking
we’re in a global depression
BITCOIN BANK fixes it