A Theory of Collapse (After a US Economic Synopsis)
Note: Italicized comments are from another Brown Pundits contributor
Unless the US falls hopelessly behind in tech, they are âbuiltâ to retain a perpetual competitive edge.
I donât think youâve looked closely enough at the economic fundamentals. Off the top of my head:
- National Debt: $30+ trillion
- Interest on Debt: $1 trillion
- Budget Deficit (2024): $1.8 trillion
- Trade Deficit: $140.5 billion (heavy reliance on imports)
- Defense Budget: $1 trillion
Moodyâs recently downgraded US debt from Aaa to Aa1, citing worsening risk indicators. This downgrade was hard to avoidâUS sovereign CDS spreads are now wider than those of China and Greece, suggesting higher default risk. Continue reading US Economics and Theory of Collapse