According to Odaily Planet Daily, well-known financial analyst Jim Willie said that the US debt market is on the brink of a catastrophic collapse, with $7 trillion in debt maturing in 2025.
He pointed out that the collapse of US debt valuation will lead to a surge in long-term interest rates, tightening credit and suffocating the economy. The dollar may rise in the short term, but this is just an illusion before the collapse.
As debt expands, the Fed's money printing will lead to runaway inflation, and the purchasing power of fiat currencies will rapidly decline. Asset markets will experience dramatic adjustments, bubbles will burst, and prices will fall.
The credit binge is over, and assets such as houses and cars will be repossessed on a large scale. The stock market crashes, highly leveraged stocks are hit hard, and investment portfolios evaporate.
Gold and silver will become the only true stores of value, the banking system will collapse, and a global financial reset will be imminent.