“Breaking: China’s Secret Plan to Crush US Economy with $846.7 Billion Debt Sell-Off“
By August, the US national debt hit an unprecedented $ trillion after lifting the debt ceiling, raising concerns of a spiraling situation. With US GDP at $ trillion, the debt-to-GDP ratio surged to 128%, raising alarms of potential instability.
As interest payments grow, the issuance of US debt faces challenges and foreign investors lose confidence. Amid this, the US Treasury issues a whopping $103 billion in debt this week alone, straining its cash reserves and triggering liquidity contractions.
Compounded by Federal Reserve tapering, this creates adversity for the US banking sector, potentially leading to market upheavals. Recent data shows the Treasury’s cash balance dropped to $30.8 billion, the lowest since 2015, indicating severe financial challenges.
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