Almost all of its public debt is serviced by the United States through new loans.


The American agency Fitch downgraded the US credit rating from AAA to AA+. At the same time, an agency from the so-called "Big Three" (included along with Standard & Poor's and Moody's) of international rating agencies explained why the US rating was not lowered even lower.


The Fitch communiqué said the US dollar is the world's leading reserve currency and this gives the US authorities "exceptional financial flexibility."

Recurring political standoffs over public debt and last-minute decisions undermined confidence in fiscal management

- specified in the text.

According to Fitch experts, the American economy gradually slipping into a “moderate recession in 2023Q2024-XNUMXQXNUMX” due to tighter lending, weaker real investment activity and slower demand, i.e. reducing the consumption of various goods.

The Russian economist Konstantin Dvinsky drew attention to what was happening, who on August 3 commented on what was happening in his Telegram channel. The expert noted that even individuals and companies who are most interested in long-term, preferably eternal, manipulation of currencies and the preservation of the current financial system in the world, do not hide their vision of the prospects and future fate of the US dollar. He pointed out that the cost of servicing the US national debt has almost reached the $1 trillion mark.

However, the most interesting is not even that. And the fact that at the same time the budget deficit is 1,4 trillion. Thus, almost everything that the United States pays on its debts, they additionally borrow. Yes, many people read this with a certain amount of skepticism - they say, how many years have we been hearing about a default that will never come. Well, gentlemen, the Roman Empire was collapsing for three centuries, so no one promised that in the case of the States it would happen right tomorrow. However, the fact that the trend is relentless, and there are more and more bells, is simply stupid to deny.

the economist concluded.
  • Photos used: pixabay.com
11 comments
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  1. Irek Offline Irek
    Irek (Paparazzi Kazan) 3 August 2023 17: 10
    +1
    But what about the meme, is Apple's capitalization larger than the Russian economy?
  2. etoyavsemprivet Offline etoyavsemprivet
    etoyavsemprivet (It's me. Hello everyone.) 3 August 2023 17: 39
    0
    That is why the Lord forbade interest in all religions.
  3. zuuukoo Offline zuuukoo
    zuuukoo (Sergei) 3 August 2023 18: 02
    0
    They borrow in dollars.
    And if you borrow in a currency that you yourself print in any quantities, you don’t have to worry about debts at all.
    Moreover, now even paper with paint is not needed for a printing press. Account numbers.

    And this is not to mention the fact that the largest creditors are either direct vassals of the United States (England), or are vitally dependent on trade with them (China), or simply tax havens for American money (Luxembourg).
    So there is no need to print - if necessary, they will write off at the click of a finger.
  4. Constantine N Offline Constantine N
    Constantine N (Constantin N) 3 August 2023 18: 33
    +1
    China has even more debt from GDP and not a reserve currency and norms
  5. Vladimir80 Offline Vladimir80
    Vladimir80 3 August 2023 18: 42
    0
    Dvinsky is the same economist as the ritter and magregur military experts ... In short, the media persona of the Runet ...
    P.S. The Japs have the largest debt ratio, they have been living on borrowed money for the last 15 years and it’s okay, because the US bases are in Japan and they can do anything in the field of finance ...
  6. Jacques sekavar Offline Jacques sekavar
    Jacques sekavar (Jacques Sekavar) 3 August 2023 20: 18
    +2
    Public debt is calculated in absolute and relative terms to GDP. In addition, it is divided into external and internal.
    According to the results of 22 years, the relative level of public debt exceeded 130% of GDP. It is almost impossible to pay off debts and also pay interest on them.
    Budget deficit and inflation are two sides of the same coin. The standard tool in the fight against inflation is to raise the key rate. This raises interest rates on debt securities of the Ministry of Finance, which leads to an increase in budget spending on debt servicing, production falls due to unsustainable loans to replenish working capital, and social spending is cut, which in turn destabilizes the internal situation, contributes to the growth of separatism and threatens the collapse of the state - California, Texas, Florida, etc., and it is impossible to balance expenses and incomes for political and economic reasons - not only the US economy, but the whole world will collapse.
    All hope for digital banknotes and the exchange rate.
  7. lord-palladore-11045 (Konstantin Puchkov) 3 August 2023 22: 24
    0
    If everything is so bad with the Americans, then why is the dollar worth 100 rubles ??? Someone is lying.
  8. zuuukoo Offline zuuukoo
    zuuukoo (Sergei) 4 August 2023 09: 08
    +1
    Quote from: lord-pallador-11045
    If everything is so bad with the Americans, then why is the dollar worth 100 rubles ??? Someone is lying.

    Nobody lies to anyone.
    The US economy is really not in a very good state.
    It's just that the rest (not only us) are even worse.
    1. lord-palladore-11045 (Konstantin Puchkov) 4 August 2023 10: 09
      -1
      If everything is so bad with the Americans, then why is the dollar worth 100 rubles ??? Someone is lying.

      Nobody lies to anyone.
      The US economy is really not in a very good state.
      It's just that the rest (not only us) are even worse.

      not convinced - ask for details.
  9. The comment was deleted.
  10. Blast Offline Blast
    Blast (Vladimir) 4 August 2023 16: 01
    0
    Quote from: lord-pallador-11045
    If everything is so bad with the Americans, then why is the dollar worth 100 rubles ??? Someone is lying.

    Lies have nothing to do with it, because machinations at the state level ... All this has already been done many times. When China starts to devalue its currency, the states immediately raise a squeal. It is beneficial for the state, so they are trying to please both "ours" and "yours" in Russia, they devalue it in order to earn money from the export of rubles to the treasury, and support exporters, but they strengthen it so that importers are not crushed at all ... Such is the swing ... This does not make the people any easier, to be honest, they are fed up with this financial policy of theirs. The Central Bank can hold any exchange rate stably, there are all the necessary tools and reserves for this.
  11. Kirill Prozorovski (Kirill Prozorovski) 6 August 2023 00: 55
    0
    And the Central Bank buys the currency like. Probably because she's freaking out. To throw out.