just a 100 billion away
From the national debt overtaking the national GDP for the US.
Within the year, the US will be "under water" as a nation.
What does that mean for "security?" Hopefully, it means that finally military spending will have to be reigned in as once you go over your GDP in debt other nations are much less likely to lend more.
With Japan, China, and the United Arab Emirates still the largest debt holders for the US, and now the UK has edged up there. Though, next in line is creepily Brazil followed closely by Caribbean Banking Centers.
Apparently, this is dwarfed by the amount the US has loaned itself through the Federal Reserve, which begs the question does the reserve have that in real money or is it just imaginary money?
Within the year, the US will be "under water" as a nation.
What does that mean for "security?" Hopefully, it means that finally military spending will have to be reigned in as once you go over your GDP in debt other nations are much less likely to lend more.
With Japan, China, and the United Arab Emirates still the largest debt holders for the US, and now the UK has edged up there. Though, next in line is creepily Brazil followed closely by Caribbean Banking Centers.
Apparently, this is dwarfed by the amount the US has loaned itself through the Federal Reserve, which begs the question does the reserve have that in real money or is it just imaginary money?
posted by Ev|Gen|us at 13:05
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