They assumed that they always are thinking years ahead. But they know the USA debt can never be repaid, and they are still sticking to that belief that it is still the safest bet.
I think their balls are stuck either between a rock or a hard place, so even knowing that it is untenable is of little use. When the balls are stuck like the Arabs and Marcos Jr, what is the alternative. None! Have to keep helping to flog a dead horse and hope it will run again. Now that is a far-fetched hope of utter hopelessness.
Well, what else can we expect from those who are still betting on India. Just imagine that while Air India is losing big money, SIA is still happily plugging the black hole, hoping to profit in the long run. They say that fools rush in where angels fear to tread. Even angels fear to tread is how serious the warning.
Interest payments on the US$40 trillion debt by the USA are well over a trillion dollars, bigger than the GDP of the top 20 countries of all the 193 countries in the world. More than 170 countries have a GDP well below a trillion, including you know who.
The irony is that having the privilege of unlimited money printing creates an unfairness for the rest of the world and it is time to remove that privilege once and for all. The rest of the world can only have one more chance at doing that through BRICS de-dollarization agenda. That is the only lifeline available going forward. Think about it.
Anonymous
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