Precisely.
Don’t get me wrong. This whole “game” is coming to an end. Sooner than most think. But there is no looming “cliff” this year based on the rolling over of 10trn in debt. That’s biz as usual for the most part.
There will be a “straw that breaks the camels back” moment in US treasuries by the end of the decade, IMO. Probably 2027,28,29.
Then the Fed will be forced to print 10s of trillions to mop-up/monetise all the debt directly. (Including corporate and mortgages) That will be the end of the free market for global western fiat debt. And you/we will be very wise to hold gold bullion and UTXOs in your own self sovereign custody.
But make no mistake, “no one knows the hour or the day” to put in biblical terms. 😉
