Let's Imagine...

toungepuncher6000
0
0

Let's Imagine...

The United States has 32 trillion dollars of debt. And 150ish trillion in global liabilities. Out of the last 70 years we have only ran a surplus for 4 years. Those surpluses would only pay for half a years liabilities. The United States dollar has dug itself so deep it can no longer see sunlight. If the United States dollar is the global reserve currency and maybe just 20% of the globe decides to abandon this standard and use an alternative form or money... cough Bitcoin cough... I don't forsee the United States allowing this to happen easily without pulling the world down with it. Thoughts?