[joseftexas]

Just go look up Asian and mostly BRICS countries are dumping US debts. China has lesser T-Bills than a decade ago. This massive sell off already spooked US Treasuries. Look up Janet traveling intinerary for the last 2 months. Fed is buying up and interest rates is higher than Fed rate at this moment. Many banks are parking their cash there. A doubling of rates will cause billions of immediate lost. Even they refuse to write off, bank run is happening. I have many friends fired from jobs couldnt get a single HR interviews for already 2 months...something unheard of just 6mths ago. These jobsless people will drain their deposit akin to bank run indirectly. Right now foreign countries e.g. China and many Asian and middle east countries are actively liquidating their American assets and repatriate their cash back. We will see at least 2008 if not the GD of the 1920s-30s in coming 12-24mths. The only thing that will stop this is USA go into war with Russia. That will temporary boost economy before total anhinilation. You will be surprise how shortsighted American leaders are trading short term gain for long term demise.