Key US yields at 5% and rising.

All those folks out there supporting the Iran war have got it coming. It's going to be a double whammy when the stock market tanks. You lose your life-savings as the debt noose tightens around your neck keeping it shut like the Strait of Hormuz.

Spirit Airlines is the canary in the coal mine.

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sree251 · 41-45, M

@PicturesOfABetterTomorrow

All of that is based on the assumption that the USD will be the world reserve currency. That is absolutely not a given.

The petro-dollar cannot be junked in a day. It will take at least a decade for it to decline and get sidelined by an alternative global financial system.

The world used to run on the Pound Sterling till it didn't and the British Empire was gone in a single generation.

Quite right. A generation is about 20 - 30 years. The US dollar will get dumped faster than that based on the way we have debased and weaponized it with our horrid foreign policy.