I don't think America can be compared to any other country. Right now a full 70% of the money American borrows comes from its own Federal Reserve. This should be creating lots of inflation but, little has been produced so far. The lack of consumer spending has kept inflation down but, for how long?
How much money can the Reserve continue to lend before the dollar is damaged beyond repair? If things continue China just might be able to sway the world to an alternate reserve currency. If that happens America would be finished economically for at least a generation.
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