US debt moving toward $50 trillion isn’t whole story - Asia Times
asiatimes.com
WASHINGTON – The most disturbing thing about forecasts that the US national debt will hit $50 trillion by 2034 is that the true figure surely will be much
  • queermunist she/her@lemmy.ml
    0·
    6 days ago

    Also sanctions are creating a parallel economy that doesn’t operate in US dollars.

    Also the high interest rates are making it too expensive for countries to borrow US dollars.

    Also other countries are selling their US bonds and deleveraging themselves from the US.

    Also petroleum, and thus the petrodollar, is on borrowed time.

    🇺🇸 💀

      • Bakkoda@sh.itjust.worksEnglish
        0·
        6 days ago

        It’s a good thing the interest rates weren’t insanely low recently otherwise large corporations might have over leveraged themselves and then had to perform massive layoffs to maintain dividends, earnings and executive compensation bloat. We really dodged a bullet there.