The USA and the ever-growing national debt.

Not so long ago, one of the hottest news was the possibility of a default in the United States, which would mean a record drop in the dollar.

But after the passage of the fiscal cliff law, the situation improved significantly and the government continued to sell government securities.

At the moment, the US national debt has almost reached $20 trillion, but bonds are still in demand.

The growth of government debt is due to a decrease in interest rates on this type of securities; it is quite profitable to borrow at a low interest rate.

True, constant borrowing still leads to an increase in annual payments; in 2016, $220 billion was spent on servicing external debt.  

Every year the number of players betting on the collapse of the US financial system is growing; the number of long-term sales transactions already amounts to $100 billion.

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According to experts, the main impetus will be an increase in bond yields, which will not serve as an incentive to increase demand, but will play the role of a catalyst for default.

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