Russia will be around long after the US, for many reasons….the China, Russia, India, Brics plus alliance is just getting started….more than 65 percent of the world’s population….if we don’t get our unpayable debt managed somehow…..and get the decrepit, corrupted senile leadership out of office- the US descends in “ irrelevantcy”.
“if we don’t get our unpayable debt managed somehow”
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The debt is so bad that to have any chance of even reducing it will require several painful measures:
1) major cutbacks in government spending
2) raising taxes
3) establishing strict budgetary oversight and discipline
4) preventing the Fed from buying U.S. treasuries
None of those things are likely to happen IMO.