The sad part is no one cares.
Even on this site posts about the debt/deficit get only a handful of replies.
* Does the debt matter more than Ukraine? Yes
* Does the debt matter more than Covid/Vaccines? Yes
* Does the debt matter more than boys in women’s sports/ Yes
But all of those issues probably get a thousand posts than every one post on the debt.
The key figure is the debt to annual GDP percentage.
Most experts who have studied this over time conclude that anything over 100% means that a currency “reset” will happen to a country—not if, just when....
The last number I saw is that we were at 130%.
The petrodollar is allowing the US to beat the odds—but the current decoupling of East and West is very close to ending it.