Today let's talk about a slightly conspiratorial theory, but one that makes more and more sense the more you think about it.
How the United States will manage its debt this round—and how it will extract wealth—it's actually not that well hidden anymore:
First, use AI bubbles to pull the world's money into U.S. stock markets. Then erase another $30–$40 trillion in market value, forcing capital to run into U.S. Treasuries. After that, the Federal Reserve cuts rates and resumes balance-sheet expansion. Then, using low interest rates, inflation, and financial repression, slowly dilute the debt away.

In plain terms, it's just three things:

Anthropic is responsible for inflating the bubble. A U.S. stock market crash is responsible for turning the money around. The Federal Reserve is responsible for cleaning up the mess.