“(…) $6 trillion — That’s the amount of US bonds that will mature over the next year. But guess what?

America cannot pay that amount! So, it will issue new bonds to pay back those old bonds!

It’s like you borrow from

MasterCard to pay Visa! But here’s the catch:

The old bonds had yields of about 1%, while the new ones will be 5% or more!

USA is caught in a spiralling debt vortex. And as dedollarization gains momentum, the demand for dollar and US debt will plunge… which means higher yields for US bonds. (…)”