A reminder that NO ONE has more USD-denominated debt coming due in the next 12 mths than Uncle Sam (37% of ~$20T = $7.4T due w/in 12 mths).
— Luke Gromen (@LukeGromen) November 25, 2020
Uncle Sam has 3 options:
1. Default.
2. Crowd out global USD borrowings & crash his own stock market & economy.
3. Print the money. pic.twitter.com/y7nPiMTA0l
via Twitter https://twitter.com/LukeGromen
November 25, 2020 at 09:43PM
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