Part 7/9:
Mario also highlights looming economic challenges as U.S. Treasury Secretary Janet Yellen prepares for a new debt ceiling extension in January 2025. With $7 trillion in upcoming debt, he warns that if the Treasury struggles to finance its operations or if the debt ceiling is drastically altered, the ramifications could be severe. His reflection on the current financial architecture suggests a precarious balance hinged on global faith and confidence in the system.