Developing digital currency is the only option for the United States.

Just look at the U.S. Treasury data.

This is crazy: interest payments on the U.S. federal debt have now reached a record high of $3 billion per day.

This is three times the amount paid 10 years ago, and it has doubled in just 2.5 years.

In the second quarter of 2024, the total annual interest cost of the federal debt will be as high as $1.1 trillion.

Even if the Federal Reserve cuts interest rates by 1% and all Treasury yields fall by 1%, the daily interest payments will still reach $2.5 billion.

This will be more than twice the average salary from 2009 to 2019.

To say that the debt crisis is an understatement.

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