From a fiscal policy perspective, the State Of The Union address by US President Joe Biden made one thing clear: the world is tumbling into the debt trap. Even the attempt of the Central Banks to inflate the national debt does not seem to stop this process. It's the last chapter of of Fiat addicted political class ruling over Fiat addicted debt slaves.

Grafic - https://twitter.com/zerohedge/status/1623172595506987009?t=2P2jVI1_b0RdNdU-c15nWA&s=19