US deficit 2009 is $1.4 trillion out of $14 trillion economy, that means deficits of 10% of gdp.

total US debt is currently $12.1 trillion out of an economy of $14 trillion, that means debt to gdp percentage of 86%.

and the US barely has any domestic savings, a consumer which relies heavily on debt to buy things, and a massive trade deficit each year.

japan atleast has domestic savings to finance its debt, but its still a dead economy, no one even talks about the japanese economy anymore. they have not collapsed due to this reason, but its paralyzed economy.

i think there is a very high chance the US will default by either saying we cant pay off the debt or by inflating, which will destroy the entire middle class and the $50 trillion wealth of the entire US.

the only thing saving the US from total collapse like the soviet union is the reserve currency of the US dollar, its like a golden global credit card. since the world needs dollars to trade and buy commodities, the demand for the dollar is always high.
which keeps US living standards at an artificially high level.

but since there is already talk about establishing a one world currency, if that happens the biggest loser in that will be the US, as living standards will collapse dramatically.

we are living in very interesting times, times that will be talked about decades in the future and if the worst case scenarios happens, it could be talked about centuries in the future.

- chinese.world.order

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