$30 trillion national debt: The benefits of the DOLLAR as an international currency

2022-05-12 0 By

The advantage of the dollar as an international currency in an era of low interest rates, when borrowing money becomes a convenient way out of a crisis, is evident: global investors still see the dollar as a safe investment because there is no alternative, even though they can’t afford to pay all of their national income for this huge debt.Every government has vowed to rein in spending, but each has been more generous than the last.In the current financial system, everyone’s fate is tied together, and you have a lot of debt because no one wants you to default.But things can change. With interest rates rising, borrowing costs will rise and budgets will be stretched, depending on how well the economy recovers.