“…the borrower is slave to the lender,” so it says in Proverbs. Paul Tudor Jones calls the paradox of U.S. debt and today’s mostly calm bond market an economic “kayfabe;” a pro-wrestling term. Those who know that the numbers aren’t sustainable conveniently suspend disbelief while the show continues. Ray Dalio gives America about three years to avert an economic heart attack. Jones and Dalio are amongst the best-known and successful investors in the world. Our nation’s debt has reached an astonishing level of $38 trillion ($350,000 per taxpayer), with last year’s interest payments totaling $1.124 trillion. With fiscal deficits as […]
-Read MorePatrick J. Kelly: Debilitating Debt
- Patrick J. Kelly
- 9 Dec 2025
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