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Monday, July 22, 2024

How does high US debt at $33 trillion impact third world countries?

It is more fun criticizing

1.  The foreign aid will be decreasing;
2.  Their holdings of US treasuries will become valueless and thus drive them to poverty
3.   World economy which is stabilized by US dollar will be shambles

Do you agree?   Should US pay up its debt?  Or US is destined to forever ante up its debt position

One post said that capitalist countries must be forever in debt to be pay its interest on its debt.

Is this the weakness of the capitalist system?