$7.6 trillion of federal debt coming due this year. Combined with current deficits, that comes to nearly $10 trillion the federal government will be trying to borrow. For perspective, all bank deposits in America come to slightly over $20 trillion. And between selling by China, Japan, and Saudi — even the Fed’s rolling off treasuries — they could be selling debt into an abyss. $7.6 trillion of federal debt coming due this year. Combined with
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