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The man who helped the US economy recover from the 2008 financial crisis is now warning...
Former Treasury Secretary Henry Paulson says a US debt crisis is coming. He says when the Fed becomes the only buyer of Treasuries and yields keep rising, the system breaks.
Unlike 2008, the government won't have the fiscal resources to bail itself out this time.
$39 trillion in US government debt, Rising yields making it more expensive to service.
The only option left is printing more money to pay off old debt with new debt.
Every dollar printed devalues the ones already in your pocket.