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this post was submitted on 16 Jan 2024
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No, that only happens if countries stop being able to make good on their loans. To my knowledge most USA debt is owned by USA citizens and corporations in the form of bonds. Nations aren’t just loaning each ofher money they don’t have.
But the United States is getting to a point where they will not be able to make good on their loans unless they print more money, which will then cause inflation and make the dollars they repay the loan with worth less to the person/company/country who made the loan. We already pay more on our debt than we spend on the military and considering the US cannot stay out of other people's business, that's saying something.
I’m sorry but to convince me you’d have to find a VERY good source for that claim. Government bonds are the safest bet in the game for a reason. The situation you’re describing would be a global collapse of most economies.
Anyway, you seem very interested in this topic, I hope you find the answers you’re looking for, but I think that wraps this conversation up for me.
I do find it to be a very interesting topic, and you were a great discussion partner.