America's public debt will approach $31 trillion in 2022.
The GDP for 2021 was $22.9 trillion.
The debt-to-GDP ratio is 134%.
More than 23% of the dollars in the world today were printed in 2020
The government's permissible borrowing ceiling has been raised more than 70 times since 1962.
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The dollar is the largest fraud that occurred in history since the time of the de-pegging of the currency from gold (the Nixon shock). The dollar currency today is of no value at all; Because it is a currency that does not have any cover, and had it not been for what was approved in the "Bretton Woods" conference to make the dollar the international reserve currency, it would not have possessed the current hegemony.
The dollar is an inflationary currency that is subject to the control of one party that controls the intensity of currency printing. It is okay to print 3 trillion dollars (23% of the total currency) in one year.
The US government can print dollars and borrow without an account and a limit, and if it reaches the borrowing limit, it will be raised. Countries such as Japan, India, and China have realized the reality and started reducing their holdings of US Treasury bonds.
The dollar - even if it is the strongest currency currently - but with this situation, the collapse of the currency is coming.. or at least a huge drop in dependence on it internationally.. the major countries will start relying on their local currency in international transactions as we see now with the Russian ruble and the Chinese yuan...
especially after America's use of its currency to punish Russia and deprive it of the SWIFT system.
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