Tom Bilyeu

Even if the appetite for US debt goes down and people no longer want to buy it, which the US requires to keep making the interest payments on the debt it has already accumulated.

Yes, that is more Ponzi-nomics, but it's nonetheless true.

And that doesn't mean that the US can just stop making interest payments.

Those are going to continue.

They are inelastic.

And therefore, the US's need to print money will be inelastic if it can't find buyers for its debt.

Doesn't matter.

They have to keep paying.

And anyone paying attention to silver and the slow death of the paper era know that and will seek alternatives.

once again hastening the demise of the dollar as the world's reserve currency.

Because if you hold an asset that's being inflated through money printing, its value is guaranteed to go down.

It just becomes a question of how fast.

People mistakenly assume that because the US prints the world's reserve currency, that we have an infinite get out of jail free card.

The logic goes something like,

If demand for our debt dries up, we'll just print more money to cover the shortfall.

But in reality, while printing money might bridge the gap in the short term, it makes people flee the dollar that much faster.

This is known as the death spiral of confidence.

When you print money to pay for your debt, you're effectively diluting the value of every dollar already in existence.

And investors aren't stupid.

As soon as they see the Fed is essentially the only buyer of US Treasuries, they realize the safe haven isn't safe anymore.