The government's income is not enough to cover its debt. It will have to print more and more money. It's a never-ending cycle.
Hate to be that guy, but it does end and it ends badly.
  • It ends in full-blown kinetic war.
  • To distract countries, the masses and everyone from the fact that they (like many other nations) can never pay back any of their obligations and debt responsibilities.
  • It's a mathematical black-hole they can't escape from. They need conflict to erase the "ledger". And decide which country will take the fall for the next 50 years.
  • People talk like they plan to pay it back or print their way out of it. It's not possible.
  • They will not print until things get really really bad. My best guess is April 2024.
  • Right now, they seem to be intent on driving the economy into the ground.
  • They know they have lost all credibility. You will see riots on the streets before they print again. And no good doing it now, when the election is next year.
  • The U.S. Government needs to drum-up support for their war plans. Destroying the economy breeds anger and support for the many conflicts the U.S. is (at best) encouraging, if not creating, around the world.
  • Once they have created widespread unemployment, only then may they buckle under pressure to print. And they likely won't do it to prop-up asset prices, they'll do it to fund their "defence" and military plans.
  • In spite of that, Bitcoin seems to be being recognised right now as a "risk off" asset, rather than "risk on". Equities are about to tank and Bitcoin could be decoupling.