People are hopeful but the USA is still very powerful. This is beyond the imagination of the enthusiastic.
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People are hopeful but the USA is still very powerful. This is beyond the imagination of the enthusiastic.
If the US's interest on its debt exceeds the amount of money it gathers in revenue, then there will either be hyperinflation, a lot more taxation, or defaulting that results in wars. We are mere years away from something like this happening. The US's power is in a bubble, and it may be like God now, but it's about to go bankrupt. The result of it's bankruptcy will be the economy getting torn apart. This is why we need to escape the US dollar, before it's too late.
I agree. In fact US dollar is the reason of many vices in the world.