Who needs foreign debt when your internal debt (intragovernmental) is spiralling out of control? That debt hitting regular americans harder than any debt? And by the way, when america trades with other countries, it sells it's debt to buy goods from foreign countries, which is termed as "U.S Treasury Bonds" on which america pays out quarterly. Japan and China hold one of the largest amount of U.S Treasury Bonds.
Based on the "Petrodollar" which has consistently been losing its value as the primary currency for Oil Trade, as a growing number of countries have been using currency swaps, Euros and Gold to procure Oil. That has weakened the U.S Dollar and continues to decline in importance and value around the world.
Japan has been america's vassal state since WW2.
This year, around 5000 americans renounced their U.S citizenships. The figure more than doubled since 2017. A contracting economy, fewer well paid jobs, americans forced to have multiple jobs to keep up with their bills and mortgages. Young americans increasingly indebted due to student loans. While this year, america's quarterly financial report stated the most contraction of the U.S economy in recorded history. To top it off, americans working abroad are subjected to taxation even when they don't live and work in america. Hence they don't really have any incentive to keep their U.S passport. Whether it be working in america, or abroad, there seems to be a growing consensus that being a U.S citizen isn't worth it for the common man. Those who have a choice to swap their passports for another country, are doing so and the number is steadily growing.
