US Debt Crisis: Expert Warns of Economic Collapse Unless Assets are Monetized

America Faces Looming Debt Crisis: Expert Urges Asset Monetization The United States is facing a potential debt crisis, according to Chamath Palihapitiya, a prominent business leader. In a recent video, Palihapitiya argued that the nation must monetize its assets to avoid becoming a "second or third-tier country." He warned of a potential "debt spiral" and the need to generate revenue quickly. "We are talking about a potential debt spiral on the one hand, we're talking about cutting entitlements on the other," Palihapitiya stated. "Well, don't do anything is not an option." He further emphasized the need to maintain "technical supremacy" and "political supremacy." Failure to do so, he cautioned, would result in a significant decline in America's global standing. Palihapitiya's comments highlight the urgent need for the US government to address its growing national debt and explore innovative solutions to ensure the country's long-term economic and political stability. His call for asset monetization is a bold suggestion that warrants further discussion and analysis among policymakers and economists.