To whom? When did we start keeping track? What does it practically mean as I image it will never be paid back?
In: Economics
It is fine so long as the USA remains the world reserve currency, as no one is calling them on it. Everyone just plays the ‘Monopoly’ game, and the USA uses their huge military power to crush anyone who challenges that status. (Not sure if you’ve heard of Bitcoin’s Proof of Work (PoW), but the USA also has a (PoW), Proof of War… that’s what secures the USD).
If the world changes their mind, the house of cards comes crashing down.
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