The current macro situation in TLDR:

Nobody wants US bonds and dollars anymore

The FED is trying to create demand for those bonds by increasing the yield

To pay the higher interest on those bonds you need to steal more from your citizens via taxes

The US bonds only hold value as long as US Average Joe is able to pay his taxes

There is a limit to what u can steal from your citizens via taxes

That limit is being reached as we speak. Too much for many already, big companies + smart people leaving the country

If you cannot steal anymore and gotta pay the interest to not risk the default on those debts the only solution is to print more and devalue your currency

That's the stage we are entering

Print + bailout infinity