Andrew D Ellis
Sep 23, 2024

--

Every great empire fails when its creditors no longer believe that the debtor (the USA) will honor their obligations. The US gets away with its increasing debt by owning the world's reserve currency. Right now, the biggest conversation in the world's economic capitals is focused on getting rid of the dollar as the world's reserve currency. When countries no longer need dollars to transact business, the dollar will lose its value, and our interest costs will then sky-rocket -- outstripping all other Federal expenditures. WAKE UP.

Praising Trump's SOP -- print/borrow, print/borrow, print/borrow and then "stiff" your creditors -- is yet another step on the road to national decline. No thanks.

Sign up to discover human stories that deepen your understanding of the world.

Free

Distraction-free reading. No ads.

Organize your knowledge with lists and highlights.

Tell your story. Find your audience.

Membership

Read member-only stories

Support writers you read most

Earn money for your writing

Listen to audio narrations

Read offline with the Medium app

--

--

Andrew D Ellis
Andrew D Ellis

No responses yet

What are your thoughts?