In the stylized cycle of the US "Minsky Moment", the US will enter the penultimate, Ponzi Finance, phase - the one in which all the new debt issuance is used to fund only interest on the debt - some time around in 2024.
From that point on, every incremental increase in interest rates, which will eventually happen simply due to rising inflation expectations, will merely accelerate the Ponzi process, whereby even more debt is sold just to fund the rising interest on the debt, requiring even more debt issuance, and so on, until finally the "Minsky Moment" arrives.
See the whole article here: https://www.zerohedge.com/news/2019-07-31/endgame-starting-2024-all-us-debt-issuance-will-be-used-pay-only-interest-debt
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