Elon Musk warns US will face ‘day of reckoning’ for its debt with ‘no way’ to fix issue. How to shockproof your nest egg

“There won't be a default — the central bank will come in and we'll print the money and buy it,” he said. “And that's where there's the depreciation of money.”Musk isn’t the only one sounding alarms over America’s debt — or, more specifically, the soaring interest costs tied to it. Ray Dalio, founder of the world’s largest hedge fund, Bridgewater Associates, has warned that the U.S. is heading toward a “debt death spiral,” where the government must borrow simply to pay interest — a vicious cycle that feeds ...