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US borrowing costs hit 24-year high as global bond sell-off intensifies (www.theguardian.com)
submitted 1 month ago by to c/collapse@slrpnk.net
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Watching an empire collapse is inherently satisfying even when it is almost certainly going to topple ony head as I am trapped in it. Silver linings I guess.

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[–] 4 points 1 month ago

Can't wait for the US dollar to not be the world reserve currency. Our one true strangth will be gone and the world will be free of our nonsense.

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    [–] 2 points 1 month ago

    Not how fiat currencies work.

    Bond yields are free money for people with disposable income.

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    [–] 2 points 1 month ago (4 children)

    That collapsing might take 3-5 generations to happen.

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  • [–] [S] 7 points 1 month ago*

    That collapsing might take 3-5 generations to happen.

    I would bet all the money in the world it will happen far faster than that knowing with confidence I will be surrounded by my useless winnings as I say "I told you so" emptily to the ceiling.

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  • [–] 2 points 1 month ago

    Underrated comment. These things often don't go as quickly as people think.

    Russia has been basically collapsing my whole life after barely scraping itself back up after the collapse of the Soviet Union in 1990. Yet they still persist. The same could well happen to us.

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    • [–] 1 point 1 month ago

    thing is people are so used to post millenium borrowing costs. heck the 90's were not even as high as the 80's.

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