Within the next 12 months, the US Treasury will have to refinance $2 trillion in short-term debt. Additional deficit spending is estimated to be around $1.5 trillion. That means the Treasury will have to borrow $3.5 trillion in only one year. That amount is equal to nearly 30% of the entire US GDP.

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China could see an end to its bubble from too much debt, but it will probably not occur in the near term. However, huge rising debt and interest will affect the United States in the next five to 10 years.

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When the French invented the metric system in 1795, two years after they changed the calendar, they decimalised everything except time. What if they had not?

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