Is U.S. Debt a Problem?

Discussion in 'The Economy' started by Falcon, Mar 20, 2017.

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  1. Falcon

    Falcon Major Staff Member Social Media Team

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    Former Federal Reserve Chairman Alan Greenspan said that:

    "The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default"



    Normally debt for a country is a problem, but does that apply to the U.S. whose currency is the world reserve currency? Countries, investors, and other people all over the world hold U.S. dollars in effect sucking our debt for U.S. so we can print more. In addition if we default on the dollar everyone else in the world that holds the dollar is screwed.

    Is this possible:

    [​IMG]

    Or will it always be this:

    [​IMG]
     
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