Media: Billionaire finance titan Ray Dalio, known for founding the world’s biggest hedge fund, Bridgewater, has warned that the United States’ mounting national debt is “nearing the point of no return”, and is at risk of plummeting the country’s economy into a catastrophic “death spiral”.

Ray Dalio: Even though this progression has happened many times in history, most policy makers and investors think their current circumstances and monetary system won’t change

The change is unthinkable. And then it happens suddenly.

A spiral of rising interest rates leading to worsening credit risk, leading to less demand for the debt, leading to higher interest rates is a classic debt ‘death spiral’.

That sounds on-topic for what you were/are forecasting.

Checked China's debt ratio to GDP - it's an alarming 84%. Then i looked at the US's - it's 124%! Debt seems a global problem - or is it? Just searched lowest debt ...

Internet: In 2024, the country with the lowest debt to GDP ratio is Brunei, with a ratio of 2.3%. (Then) Kuwait (3.18%), Turkmenistan (4.7%), and Hong Kong SAR (6.46%)

So fossil fuel countries are still packing clout, despite what you might have heard. HK is different though - it's export is finance. I wonder to what extent did HK's leverage become China's after the Covid Invasion.

Taiwan is a respectable, but still large, 26.4%

To throw in home-mortgage personal debt as a comparison, the highest ratios are Belgium, Aus, NZ, US with over 40%, which is crazy. But 124% for US as a country ... ! That takes the cake. It can't work.

Btw, anniversary of Tienanmen Square. Those protesters achieved the ultimate - they live on, forever, outside their bodily forms.