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The week's question
In March 2025, in the thread "Re: OT, out", Umm asked the members: "Do you think it is because America is made up of magical soil that makes businesses based in America magically profitable?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Personal Finance / Macroeconomic Trends & Risks
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Author: OrmontUS ✭✹  😊 😞
Number: of 4582 
Subject: Re: Accelerating National Debt-Not Just US Problem
Date: 09/09/25 4:17 PM
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Everyone, soooner or later, has to pay the Piper. That said, the US seems too be unique, at least currently, that like the alchemists of old, we can create money from a vacuum. This is primarily based on the world agreeing that the US dollar is a backup for their own legal tender. China, with Russia's assistance, is trying to pull the rug out from under that idea. If that rug disappears, the Wizard behind the curtain will be shown to be a wizened vestage of its past and the king will have to admit to his nakedness.

Jeff
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