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What would you expect to see happening, in a developed country that doesn't have the benefit of debt denominated in USD and of control over USD, if they had an
by bamfly 3y ago
What would you expect to see happening, in a developed country that doesn't have the benefit of debt denominated in USD and of control over USD, if they had an even worse debt:GDP ratio than the US does?
I ask because there are a few such countries, and they seem to be doing OK. They shouldn't be, if this is something that'll definitely cause serious problems for the US—right? It should already be "really bad" for those countries, I'd think.
- tracker1 3y agoEverything is fine until you realize that the money is just ink on paper, so to speak, with nothing behind it. The strength of the US economy and position in global markets has been what's kept things strong. I don't know that it will hold, and have no idea when banking institutions won't be able to prop up peoples faith in said system anymore. I'm not sure if I expect market collapse or WW3 to happen first... right now, feels like a crap shoot in either direction.