The American federal debt: 40,000 billion dollars, a “debasing trade” which interests gold and bitcoin

The U.S. federal debt is now approaching $40 trillion, with net interest exceeding $1 trillion per year. This complex economic situation favors what is called the “debasement trade”, which benefits gold and bitcoin, but with risks of liquidity crises for crypto. ... (remaining content, too long to reproduce here, but retaining paragraphs and quotation marks)