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gerhard7
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Comments by "gerhard7" (@gerhard7323) on "US Debt is Set to Massively INCREASE – Does it Matter?" video.
The key thing there of course is to be on the right end of that debt and get to collect the interest on it as passive income in your sleep whilst less fortunate others toil endlessly to pay it. Official figures for this do not exist, but it seems like a safe bet that America's most wealthy are getting the closest thing to a free lunch as anyone's ever going to get courtesy of their own political and financial elites.
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The US has over the decades carved out a comfortable niche and made itself the arch rentseeker in much of the global economy by hook or by crook. In no small part thanks to successions of biddable, venal 'open for business', 'free market' Atlantacist foreign political and financial elites it gets a tasty slice of the financial action from our economies come what may.
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As long as the US remains the least worst looking horse in the global currency glue factory then it will not go bust and the national debt will just continue to be added to. As long as the world wants and needs its dollars in still marked preference to anything else - a currency which the US can print at will and to a degree export its domestic inflationary effects - and the RoW keeps 're-investing' in Uncle Sam's burgeoning debt then the show will go on.
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