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Credit is the most fragile framework of modern civilization
And when the U.S. Treasury first admits it cannot meet the principal and interest payments on its national debt, this framework that has supported the world for two hundred years will be completely shattered in the same second. On March 2, 2026, the total U.S. national debt reached a historic peak of $38.89 trillion. This is not just a simple numerical high, but a sword of Damocles hanging over all humanity. Under the heavy pressure of high interest rates, the U.S. government’s annual interest payments alone have exceeded $1 trillion, and the fiscal situation has long been walking on the edge of a cliff. The underlying logic of modern democratic systems has long been locked in by short-term votes and instant benefits. Voters only care about current social security and subsidies, while politicians only pursue support ratings during their terms, pushing long-term risks further down the line and shifting fiscal responsibilities away. Debt grows larger in the silence of no one being held accountable, and default is no longer a matter of probability, but a matter of time.