Post
Topic
Board Economics
Re: USA Debt Repayable
by
farfiman
on 18/05/2013, 18:48:47 UTC

Why do so many people find it hard to accept that things are fine?

The one and only reason "things are fine" is because the US dollar is still ( for now) the world reserve currency.
But that fact is changing slowly but surely. How long can the US pull this off? Could be a year, 5 , maybe even 10.
But after that the US is doomed to sink out of their world power status.