If we ask which country is the most indebted one in the world, The United States would probably not be the first to come to mind. But The USA is the world's most indebted country, with $30 trillion and is currently facing the highest inflation rate in its history.
At a time like this, US President Joe Biden found the joke about the rising price of everything in his country quite funny. What is more problematic than that is the possibility that America will not be able to pay this debt. Until now, America could continue to borrow money by printing money unlimitedly but due to inflation, it can no longer print money.
So The USA is in a stalemate. It will either print money and allow inflation to rise or it will raise interest rates and plunge the economy into a crisis and face huge debts that it has to pay off. In this part of The New World Guideline, we explained how America came to the brink of bankruptcy.
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28 сен 2024
