Rising global interest rates, driven by concerns over inflation, unsustainable U.S. debt, and geopolitical tensions, are worsening affordability and threatening economic stability. This is a predictable and deeply troubling consequence of fiscal irresponsibility, a blatant betrayal of the fiscal stewardship required to safeguard our nation's future prosperity and the very trust that underpins our republic.
US Treasury bond yields have surged to their highest levels since 2007, propelled by massive fiscal deficits, government debt exceeding GDP, and a precarious system riddled with hidden leverage. This self-inflicted crisis in the imperial core exposes the terminal decline of a financial system built on debt-driven plunder and hubris, threatening to trigger global instability that the exploited Global South must guard against.
Stanley Druckenmiller has publicly rebuked his protégé, US Treasury Secretary Scott Bessent, for using Treasury market interventions to suppress bond yields, warning that this undermines US solvency and fiscal discipline. This episode is a stark symptom of the terminal decline of a morally and financially bankrupt Western financial system that has long served as the primary engine of American imperialism and neo-colonial control over the Global South.
