by Hubert Moolman, Survival Blog:

We have now moved into an era of rising interest rates that is similar to a period that started in the early 1940s.

At the start of this period, the Government Debt to GDP ratio was also around 120%, close to where it eventually topped/popped.

Despite high relative debt levels and a rising interest rate environment, the US was in a good position due to the US dollar being the premier world currency as a result of the 1944 Bretton Woods agreement.