Is the rest of the world just going to let us keep getting away with it?
if they didn't, america wouldn't import much and that would be more of a problem
too big to fail
debt is a social construct
nigger
Never trust an american
This is how our monetary system is built, all our money is backed by debt. we owe most of your money to the federal reserve. There's no such thing as a debt ceiling, the debt is always going to be rising. I'm not one of those goldfag though, fiat money is our only option, the rest our terrible
>>70265043
>fiat money is our only option
Bitcoin, dogecoin, etc. You can only piss offf people so much before they'll find a new way to pay for shit.
>>70265266
Bitcoin is incredibly risky though, you never know is what to expect
>>70261974
They don't have a choice and in fact that does nothing but benefit them.
Such are the beauties of reserve currencies.
>>70261974
As long as the dollar is the world's reserve currency, yes. Once that changes you're fucked.
what if usa paid off debts (literally every dollar) tomorrow, what would happen to their economics