Rising US national debt and bond yields increase default risk and shift away from dollar assets

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The US national debt exceeding $40 trillion, coupled with rising bond yields that make debt servicing the largest budget item and a debt-to-GDP ratio over 120%, indicates a high probability of national default. These factors, along with contracting credit and reduced discretionary spending, are strong recessionary signals, leading to a shift away from the dollar and treasuries towards gold and silver.