You have been our resident doom-teller since the beginning of this thread all those months ago. I don’t think any of your predictions of immanent armageddon have come close to panning out as badly as you predicted. I doubt this latest forewarning will be anywhere near as bad as you’re suggesting either.
The government had relatively little debt in 1992. Nowadays, high interest rates will cripple the governments books because they won’t be able to afford the debt interest payments on their own massive levels of borrowing. High interest rates simply cannot remain these days or the country goes bust. USA’s predicament is even worse than the UK’s in this regard.