Financial news: Please note this is the currency which is appreciating. How ‘amazing’
My view remains the same. (Just need to look at historical articles yeah)
I guess I have written too many times about this topic. Perhaps today I just share what others are writing about this currency which people think highly. It’s sometimes amazing what the number says and how people perceive. I repeat. Currency value should just be mostly due to trade. People love to buy goods from you, they will demand your currency to pay for the goods. The value of the exporting country should increase. In other words, deficits should mean the currency should weaken and NOT strengthen. Well, the world is not so straightforward these days. Happy reading.
Massive Federal Debt?
Article in nst.com.my US Dollar is currently on a massive buildup of total federal debt and is now on pace to exceed US$50 trillion in a decade.
Social Security costs are projected to increase by 67 per cent by 2032, and the Medicare health program for seniors will nearly double in cost during that period, according to CBO, as Americans 65 or older top 46 per cent of the U.S. population, up from 34 per cent this year.
US tax revenues are among the lowest among wealthy OECD countries and should be increased, some budget experts say. Please do read on for more actual stats. Article in nst.com.my
12th in the world for debts. Amazing.
Stats in worldpopulationreview.com Another interesting entry on this list is the United States, whose debt-to-GDP ratio ranks 12th out of all the world’s countries. While the U.S. boasts the highest GDP in the world,, it nonetheless spends more than it earns. Major contributors to the national debt include the world’s largest military budget. Please do read more here: worldpopulationreview.com
Rising debts a never-ending story
Article in bbc.com Just refer to images as below. No need for more words.
Higher debt than the combined debts of China, Japan, France and Italy
Article in www.aljazeera.com The United States has the world’s highest national debt with $30.1 trillion owed to creditors as of the first quarter of 2023. Washington’s debt now stands at $31.4 trillion, raising further concerns about US government spending and borrowing costs.
To put that in context, the US owes as much money as the next four countries with the highest debt including China ($14 trillion), Japan ($10.2 trillion), France ($3.1 trillion) and Italy ($2.9 trillion). Please do read the full article here: Article in www.aljazeera.com
Do whatever you think is right yeah. I have no idea about how the whole world views this major currency. Cheers.
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