Post
Topic
Board Economics
Re: The United States is in Worse Shape Financially Than Russia
by
yayayo
on 02/11/2016, 16:18:46 UTC
I believe so, that US has trillions? of debts and as what I read before,they are indebted to China also. Also even though strong in military and technology, but its not sound financially. And it seems its a ticking bomb,waiting to explode.

Well the U.S. might abuse its military power and just not pay its debt or engage in some kind of war that results in debt relief.

The whole power of the U.S. relies on the status of the USD as a world trade currency. That status is about to collapse. It's possible that the USD will be the last national currency that will have the status of a trade currency. The age of cryptocurrencies is looming...

While the U.S. are accumulating debt, Russia and China are buying significant amounts of gold. Russia also has a tremendous amount of unexploited or unexplored resources. Therefore I think we will see a shift of power from the West to the East in the coming decades.

ya.ya.yo!