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Debt Auction Nightmare: When Nobody Wants Our Debt The Federal Reserve Note Dies | M2 Money Show
The U.S. government's recent struggle to sell $24 billion in 30-year debt highlights a worrying trend of decreasing international confidence and reliance on primary dealers. With a plan to borrow an additional $1.5 trillion in the near future, rising interest rates could spell disaster for both the U.S. and the global economy.
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