☆ Yσɠƚԋσʂ ☆@lemmy.mlM to United States | News & Politics@lemmy.ml • 6 months ago

US government debt is on track to surpass $50 trillion by 2033. That means $5.2 billion is piling up every day.

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US government debt is on track to surpass $50 trillion by 2033. That means $5.2 billion is piling up every day.

☆ Yσɠƚԋσʂ ☆@lemmy.mlM to United States | News & Politics@lemmy.ml • 6 months ago

"Central banks may simply bail out governments in coming years via quantitative easing and the introduction of yield curve control," BofA said.

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umbrella@lemmy.ml
·
6 months ago
the US can only keep themselves 'rich' because they own the global currency

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- ☆ Yσɠƚԋσʂ ☆@lemmy.ml
  hexagon
  M
  ·
  6 months ago
  And now we're seeing countries increasingly moving away from the dollar which directly shrinks the size of the financial system US controls.
  
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  - umbrella@lemmy.ml
    ·
    6 months ago
    and the us populace is the one paying for that.
    
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    - ☆ Yσɠƚԋσʂ ☆@lemmy.ml
      hexagon
      M
      ·
      6 months ago
      that's how empires implode
      
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