You think the trillions of dollars and the interest piling up is a problem. Wait til you see the long term issue. The devaluation of the American dollar. The Yankee dollar is losing its weight as the primary currency of the world. China and Saudi Arabia are trying to get rid of it as fast as possible by using it to buy real estate and other financial assets. China has actually loosened its monetary policy and let the Yuan rise against the US dollar. They know it will hurt there exports but they are awash in American's declining currency. So let leaves one question, and a scary one for the US, and to some extent, Canada. Who will buy US treasury bonds when no other country wants them and the US public is too debt-ridden to afford them. I need to get all my money out of US economy. STAT!!
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