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What are the criteria for the overrun? Some people can't afford 100 quid for a deposit, some people can't afford 10 grand just for a demo, just to get acquainted with the terminal. It makes sense to compare it with the salary of an individual.
Try comparing the debt of the USA to its GDP and you will see that it is still a long way off. The USA has been in and out of worse situations before.
Like here, or here.
You said successfully ... well... By World War II and abandoning the gold standard.
What will happen this time? What currency are you sitting in?
Can we do without the "fools in the world, at the expense of which the states used to get out of trouble" clichés, but on the facts.
For example, it is a fact that the world is full of people willing to lend to the USA. There are so many that the US can afford to pay them ridiculous amounts of money, a mere 3.3% interest for 10 years. If there were less borrowers the USA would have to raise bond yields, and that time will come, but there is no need to do it now.
Or should I tell you more about Panama, Iran, Iraq, Saudu Arabia, Colombia, New Zealand, Afghanistan, etc. ?????
You don't know shit, bloomberg won't tell you about it.
where will we be in three months...?
The US is in debt, Japan is in debt, Russia is in debt, Ukraine is not doing well either. In the end everyone owes money.
The question is: To whom?
This thread seems to me to be a continuation of the winter thread Paper "AMERO" will replace the dollar by spring!
And the authors are the same.
Or should I tell you about Panama, Iran, Iraq, Saudouf Arabia, Colombia, New Zealand, Afghanistan, etc. ?????
You don't know shit, bloomberg won't tell you about it.
I mean there are no facts, just hysteria.
The US is in debt, Japan is in debt, Russia is in debt, Ukraine is not doing well either. In the end everyone owes money.
The question is: To whom?
Russia, as a state, is not in debt, not yet. Corporate debt doesn't count, it is their personal problem and doesn't concern the state.
There is a list of creditor countries in the US - https://en.wikipedia.org/wiki/United_States_public_debt
Creditors are often private citizens, not directly of course, but indirectly, through pension and investment funds, insurance companies and savings banks.
A large part of the lenders are, as in the case of China, the country's gold and currency reserves.
The US has some pretty slick economists to drain their dollar so easily.... There has been plenty of evidence of this for many decades, hence the feeling that no matter how bad things seem to be for them...
Again, what does it mean to "drain the dollar"? If it means lowering the exchange rate against other currencies, then the US does it all the time, but they are not very good at it. A cheap national currency is good for a normal economy. Europe, Japan, and the US dream about it and strive for it, but their economies are so strong that no economists can do it.
...the dollar is certainly not the best currency and the US is not the best country,