Capitalism Run Amok: US National Debt at $21 Trillion

[Ahmad Sajjad Paracha]

The different between USA debt and China debt is one owe much to foreign countries the other is almost totally internal

How is the loan internal, by getting it from internal institutions of the countries ?

 

[TaiShang]

This entire episode is a drama meant to fool the adversaries into thinking that the US is about to collapse. We've been hearing about this collapse for a decade but has it happened? The US central bank can always print more of those dollars and pay the debt.

I do not think the OP suggests the US is about to collapse.

I personally do not think so. If there were concerns regarding collapse, debt-building would slow down or even stop.

 

[TaiShang]

Nobelist Robert Fogel Predicts China’s 2040 GDP

In 2010 Robert Fogel, Nobel laureate in economics, writing in Foreign Policy, estimated that China’s economy will reach $123 trillion in 2040: twice as big as the USA and the EU combined. Since Foreign Policy has suppressed the article, it is reproduced in full, below.

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More fear mongering...

 

[T-Rex]

I do not think the OP suggests the US is about to collapse.

I personally do not think so. If there were concerns regarding collapse, debt-building would slow down or even stop.

So what's the big fuss then? Even if the US debt touches 100 trillion it won't change the number one super power status of the US.

 

[TaiShang]

So what's the big fuss then? Even if the US debt touches 100 trillion it won't change the number one super power status of the US.

I think the size makes it a worthwhile news. To be the first, for good or for bad, always makes news.

I think most of aware of the innate power of the US to distribute inflation worldwide. Hence the capacity to run printing press at full speed.

I have nothing t say but feeling amazed.

 

[shjliu]

How is the loan internal, by getting it from internal institutions of the countries ?

it is borrowing from Chinese people within the country, such as issue Govt Bonds;