This Week Proves the U.S. Government Will Eventually Default
Tho Bishop
151

The USA is monetary sovereign with fiat floating exchange rates.by definition it can never run out of USD. That government deficit is just the total private sector surplus – it’s every single dollar that’s in circulation. The government debt isn’t really what you think it is. You can see it in the sectoral balances they align to the penny: https://en.m.wikipedia.org/wiki/Sectoral_balances

Here’s Greenspan explaining to Paul Ryan in a short clip why the USA isn’t limited by money it’s real things for purchase: https://m.youtube.com/watch?v=Ccb_BNdRN80

More reading:

https://www.forbes.com/sites/pascalemmanuelgobry/2012/10/19/no-the-united-states-will-not-go-into-a-debt-crisis-not-now-not-ever/#31dd1bfa2a86

http://bilbo.economicoutlook.net/blog/?p=31215

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