I think China will be the catalyst this time. There are bleeding harder and faster than we are. There is articles about China manipulating bitcoin price, and that they lied about outflows. They are having problems also with net bond issuance as well. The chinese already have an inversion with their bonds. My best bet is China will blow before we do.
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I agree and that will start the falling dominos, USA will be hit toward the end of the stack. China and Russia will rise quickly once USA starts falling because they are already putting infrastructure in place to start a new.