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Perfect Storm of Global Crises | Adelaide News
The US just hit a staggering $40 trillion debt mark, forcing interest rates on 30-year bonds to their highest since 2007 and making borrowing painfully expensive. Treasury’s bond-buying efforts only offered temporary relief as spending demands keep rising. Beyond inflation, deeper problems simmer: decades of ballooning deficits, pandemic fallout, and a global AI infrastructure race are draining cash reserves. Meanwhile, corruption is surging globally—even in the US, which has plummeted in Transparency International’s rankings—fueling inequality and political decay. Compounding this, an…
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