Us treasuries and debtI am of the beliefs that China has stopped buying us debt. As many other nations will soon do aswell. Why would they or anyone else want such a crappy yield on such a risky bond. We will find out in coming months as the treasury tries to auction off another 400 billion in debt.
The American reality
21 trillion federal debt. Somewhere near 100 trillion federal state and municipal combined.
Average American personal debt levels highest in history. Enormous amount of corporate bond debt. Margin debt at highest levels in history.
Retail stores closing. Recssion happen. 46 times in American history. We are at close to the second longest period of expansion in history without a recession. Bull market will not continue much longer.
Any number of possible factors can trigger a major downturn. Failed bond auction , state default. Illinois is close.
I like one of the previous posters am a Canadian in my early 40s. Sadly many of those issues in the states are present up here. Not to the same severity. Looking at this financial system I see major flashing alarms. When this pops first, majestic will be a great way to play the rising precious metals market. Gold and silver have been money for thousands of years. US dollar off the gold standard 47 years. Bitcoin 10. I’m trusting gold and silver.
My two cents.