Any other system would have made it fall way before

Also I hate bureaucrats, but I think they are still better governers than so called "economists"

It's baffling why nobody seems to give a shit though

I mean, most of the most nationalistic parties in any country never talk about this issue

Because usa is too powerful (until now)

Wdym until now?

China is going to fall before US m8

https://tenor.com/view/donald-trump-talking-gif-16697988

Dude. Trump actually made their GDP go better

I can bet it would be other way round

Only because countries are slowly reducing dollar trade

Now US is the highest oil producer in the world

Even India bypass it while trading oil with Iran

They sell commodities instead

@beni look at this https://twitter.com/spawnofKahn/status/1335561287510716416?s=19

However it's true that China is much more resilient than US

Post 2010, many countries are showing their displeasure towards dollar trade

If china falls it is win win for us anyway

Yeah

I mean the thing is, China is internally much much worse than US

This is the biggest reason why I always say export based economy >consumer economy

Even though per capita gdp is shit

Obama’s wife has a cock

We know

Eh, it's the more immoral thing

I know

But if you want to survive total collapse it is necessary to develop industries

There should be a balance

IT can help you but heavy industries are the backbone of a nation's might

Yes I agree

Second q, why do people buy debt?

Basically bonds are debt right?

GG @justkaus, you just advanced to level 29!

No bonds are not debt

Govt bonds

It is the government in debt

They take debt from us

And guarantee return of money in future with interest

For the part of why people take debt,
Because they can by assets which would have been higher value than their normal purchasing power

So for bonds to be viable should mean that we will be able to repay our loans right?

In long run they can get more rich