US national debt: a bubble that does not actually exist

September 12, 2017

By Alexander Artamonov, includes “… In fact, the Americans can raise the limit of their national debt as many times as they want, because there is no control - either on the national or international level - over the public debt in America. … It does not matter how high the ceiling of the US debt is going to be raised. More than 80% of US public debt is of national origin, which means that the USA owes most of its debt to itself. Needless to say that the USA can write off the debt to itself at any moment, so there is no financial disaster coming from this direction. …”

Read the full article on: Pravda (Russia)

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