تأتي قيامة البيتكوين في الوقت الذي تغري فيه الولايات المتحدة مصير طوكيو
As economists scour the globe for nations repeating Japan‘s mistakes, the U.S. has become a standout in at least one way: Washington’s view on debt. There are, of course, many takes on how to tackle a national debt now topping $33 trillion. Never mind the divide between Democrats and Republicans; the intra-party fictionalization surrounding debt dynamics is plenty dizzying all its own. Add in a pro-Donald Trump contingent among Republicans in the House of Representatives itching to shut down the government. Might such chaos be the last proverbial straw that prompts Moody‘s Investors Service to yank away America’s one remaining AAA credit rating？ These imponderables are adding momentum to the increase in U.S. Treasury yields to 18-year highs. The disorientation is even resurrecting bitcoin and other crypto products, which are back in rally mode. Thats an ominous sign all its own. The real driver, though, is exponential growth in Washington‘s balance sheet as politicians fiddle and engage in petty squabbles. If Washington does have a collective strategy for reducing the national debt, it’s hastening economic growth. Japan stands at the ready to remind both Congress and President Joe Bidens White House that the plan is doomed. Japan, after all, has been playing this game for
