Part 7/18:
He details how the U.S. government's debt dynamics resemble personal debt behaviors—borrowing via bonds, with demand artificially bolstered by regulatory and monetary policies. As the U.S. borrows more, the risk of a default—either hard or de facto—becomes imminent. Inflation, already at roughly 5.4%, acts as a silent default mechanism, reducing dollar value and eroding savings, especially for middle- and lower-income Americans.