The US is in a debt spiral. The federal budget deficit in 2023 could go over 2 trillion dollars and it's rapidly accelerating. There are basically two ways out for the US. Hard default on our debts or print money like crazy and buy our own debt, leading to significant inflation or worse. We almost certainly will go the path of printing. Sensing the gravity of the situation, other countries around the world are starting to distance themselves from the US dollar as it's on the path to debasement. Things to watch are oil and gas and other commodities around the world being traded in currencies other than the US dollar and the emergence of financial networks outside the control of the US. There are more announcements almost daily of developments in both these areas. Why would other countries distance themselves from the US dollar? If the US must print trillions and trillions of dollars in perpetuity to prevent default, then the US dollar is going to increasingly lose more and more value each year, punishing everyone who holds US dollars with less and less purchasing power. James Lavish explains the latest Congressional Budget Office forecast very well in the following post. I highly encourage people to educate themselves on these matters as there are significant implications for just about everyone. https://jameslavish.substack.com/p/the-latest-cbo-report-taking-the