US cannot grow its way out of debt problem, dollar confidence is eroding

Youtube

·

Original Report

↗ Youtube

The US cannot grow its way out of its debt problem, as indicated by the 30-year Treasury yield surpassing 5.3%, and the US dollar, which is only backed by confidence, is now losing that confidence, as evidenced by the failure of Treasury Secretary Scott Bessent's bond buyback announcement to stabilize the market and the subsequent weakening of the dollar and rise in gold prices.