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StackHodler · 151w

In 2007 US Debt-to-GDP was 62%. Today it's 129%. Political insiders absolutely fleeced the country over the past 16 years. And before they try to convince you it's your patriotic duty to pay off thi...

peterzander @peterzander 1679661015

Why would the 3rd world countries also need to pay for the U.S.A. debt?

3🤙1

Because the us exports their monetary policy to the rest of the world. Poorer countries pay for it through inflation and debasement.

Aurelius · 151w

Here is the best answer to your very thoughtful question: https://realprogressives.org/podcast_episode/episode-214-surfing-the-wayback-machine-2017-with-fadhel-kaboub/

peterzander · 151w

It doesn't even open? Thank you for your useless answer...