The engine of the world economy is the US. The US national debt is shown below. When it reach US15 trillion, it will be equivalent to the US GDP. Apparently, they have borrowed money for 7 genrations into the future. U.S. NATIONAL DEBT CLOCK The Outstanding Public Debt as of 05 Aug 2011 at 07:12:03 AM GMT is: $14,598,064,209,764.69.
The estimated population of the United States is 311,062,314so each citizen's share of this debt is $46,871.92. It's 10 times if you have a family of 10.
Question: Can a nation keep borrowing and printing money without gold or GDP backing? That the value is not plummeting is probably because it's still used as an international currency. Some day, in the near future, it's bound to fall.
Commn sense tells us only a tight ass can hold the Dollar...
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