$ADA
🚨🚨 The U.S. government debt crisis enters uncharted territory 🔥📢
The U.S. Department of the Treasury has issued a record $25.4 trillion in government bonds over the past 12 months, increasing the total amount of treasury issues to a record $36.6 trillion 🔥📢
This means that government bonds now account for 69.4% of total treasury issuance, close to an all-time high 🔥📢
The percentage has increased by +27.6 points since the low in November 2015 📢
In other words, the U.S. government is increasingly financing its long-term obligations through debt that matures in just a few months 📢
As a result, interest expenses on government debt are now nearly keeping pace with the Fed's discount rate 📢
If inflation resumes and the Fed is forced to raise rates again, interest expenses will rise to unprecedented levels 📢
The U.S. government debt crisis is intensifying 🔥📢
