I think it will be worst than 08. Consumer / government debt higher than before, interest rates are not as high as before, so government doesn't have a lot of a lot of fire power, China and Japan don't want to buy our bonds/debt any longer.
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They have been saying that for years, yet the buying continues. As long as the dollar remains a reserve currency the debt literally does not matter. However, perhaps bitcoin is the beginning of the US losing that world's reserve currency advantage...
I think the dollar will lose is dominance as the #1 world currency in the future.
For sure it will, the question is, when?