Comments by "david devlin" (@Art-is-craft) on "Will the National Debt Kill the US Economy? || Peter Zeihan" video.

  1. There is a big misunderstanding. US debt is not a promissory and is a calculation of liability. It also cannot be separated from the total assets of the US which are in the thousands of trillions.
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  2. US growth is based on trade which is between the states and is not export based.
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  3. The deficits really only demonstrate poor government management. They do not emphasise economic market performance such as trade.
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  4. US debt is not cash based it is liabilities based and is really an accounting exercise. Most of the debt has no realised repayment.
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  5. Why? Because the US does not owe the money in repayments. It is just calculated liabilities and is only a fraction of the asset base.
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  6. The US is a market economy and has a stable population and debt is low.
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