United States of Debt | No Mercy / No Malice
profgalloway.com
United States of Debt | No Mercy / No Malice
America, China, and the Death of the International Monetary Non-System - American Affairs Journal
Russell Napieramericanaffairsjournal.org
Unlike most developed countries, the United States government is heavily reliant on foreigners lending it money by buying its Treasuries. Foreigners currently hold $6.7 trillion in U.S. government debt.
However, from the start of 2015, due in part to the strong dollar environment, foreigners have been buying very little U.S. government debt compared
... See moreLyn Alden • The Global Dollar Short Squeeze
Debt Bombshell: U.S. Interest Payments Soar to $1.1 Trillion in Q1, Devouring 35% of Tax Revenue, Exceeding National Defense Spending.
Carl ₿ MENGER ️ • Tweet
When you look at the chart, you can see that American assets, very conservatively measured, vastly outstrip debt. The United States is like the billionaire with debt larger than this year’s income but well within his means to handle.
George Friedman • The Storm Before the Calm: America's Discord, the Coming Crisis of the 2020s, and the Triumph Beyond
(total global debt is now $244 trillion, three times the size of the world economy)