Dominoes have already started to fall, not over years, but over months.

Powell has just confirmed what bond traders have known for years:
The U.S. debt spiral cannot be stopped without immediate action.
“There will be no good outcome.”
Federal Reserve Chairman Jerome Powell, 2026.
Here is the precise timeline of how this will ultimately end:
Step 1 ✅ Debt growth outpaces economic growth,
Powell confirmed today.
Step 2 ✅ Annual interest payments exceed $1 trillion.
Already happened.
Step 3 ✅ Two credit rating agencies,
S&P and Fitch, have downgraded the U.S. debt rating.
Step 4 ⏳ Congress cannot agree on spending cuts.
Happening now.
Step 5 ⏳ Japan and China slow down purchases of U.S. Treasuries.
Step 6 ⏳ The bond vigilantes strike.
10-year Treasury yields soar over 6%.
Step 7 ⏳ Mortgage rates rise to 9-10%.
The housing market freezes.
Step 8 ⏳ The Fed is forced to choose: either let yields continue to surge or print money to buy bonds (debt monetization).
Step 9 ⏳ Either path will trigger a financial crisis.
Step 10 ⏳ The Social Security system faces a crisis years in advance.
Step 11 ⏳ The dollar begins to lose its reserve currency status.
Step 12 ⏳ Humanity’s largest debt crisis in history arrives.
Steps 1-3 have already happened.
Steps 4-7 will occur within a few months.
Steps 8-12 will happen before the end of this decade.
When the Fed Chair says “there will be no good outcome”—
It’s no longer a warning,
It’s his prediction.