The rising interest rates in the US mean that the US government is now paying more in interest repayments on their debt than the entirety of their spending on their armed forces. 
The current debt repayments are going to be a difficult burden for the US taxpayer to bear, particularly when one considers that we are also now in a cost of living crisis. …
Read More: Would a US Debt Default Derail Crypto Price Rally or Embolden It?

 

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