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by raincole 1002 days ago
> why the US National Debt matters that much

You just answered your own question.

> in money it can print.

US National Debt is effectively a number indicating how much money the US (is going to) print.

Being the strongest country in the world doesn't mean you can print an arbitrary amount of money. Well you technically can, but everyone (US citizens included) pays the price. And other countries won't play along forever if it means they're going to pay more than what they got from a USD-centric international trading system.

1 comments

And I believe this is part of the reason why "BRICS" is doing what they are doing. Eventually US Nation Debt is unsustainable and thus USD will be unsustainable. And they do not want to be ones holding the bag. So slow movement to alternative solutions to them.
> BRICS

> BRICS is a grouping of Brazil, Russia, India, China, and South Africa formed by the 2010 addition of South Africa to the predecessor BRIC.