"America's Looming Financial Crisis: Black Swan Author Warns of $54 Trillion Debt Spiral"

Black Swan author Nassim Taleb warns that the US is facing a potential financial "death spiral" as the national debt increases by $201 billion in just one month, reaching $34.191 trillion. Taleb criticizes Congress for avoiding addressing the growing fiscal deficit, fearing the consequences of doing the right thing. He emphasizes the vulnerability of the US economy to external shocks due to globalization and interconnectedness, expressing gloom about the Western political system's ability to address the situation.