The Empire Won’t Be Brought Down by China or Russia. It Will Be Done in by Its Debt
What looked possible some years ago have with recent economic policy decisions turned into a realistic scenario: the United States face a technical default. The figures and forecasts published by the Congressional Budget Office (CBO) leave little doubt. Currently, net interest burden accounts for 1.6 percent of Gross Domestic Product (GDP) equal to 9.4 percent…