3 ms·
It can be stretched FOREVER as long as the USD is the primary international currency reserve. Effectively, the rest of the world continually sponsors the U.S. d
by lenkite 2y ago
It can be stretched FOREVER as long as the USD is the primary international currency reserve. Effectively, the rest of the world continually sponsors the U.S. debt - and its international war industry.
Once the USD stops being the primary reserve currency, then inflation will skyrocket and things become truly painful. The U.S. will feel the pinch like other nations whose economies have collapsed as a result of runaway spending.