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US federal government debt chart: 1940-2022.
If this were a developing nation, its bonds would have a yield of something like 30% and it would be forced to go the IMF/World Bank for a bailout.
But it’s the USA, so it just turns on the printing press. The “exorbitant privilege” of US dollar.
But nobody in the US is planning for a dedollarized multipolar world, which has already begun.
#dedollarization #economy