MuskyMelon@lemmy.world to

politics @lemmy.world · 3 days ago

The US has $36 trillion in debt. What does that mean, and who owns it?

www.aljazeera.com

114

The US has $36 trillion in debt. What does that mean, and who owns it?

www.aljazeera.com

MuskyMelon@lemmy.world to

politics @lemmy.world · 3 days ago

The US has the highest national debt in the world, a quarter of which is owned by other countries.

A primer for those who don’t understand.

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3 days ago
Probably should read up on the gold standard and how the US got off it a long time ago.

https://www.history.com/this-day-in-history/April-20/fdr-takes-united-states-off-gold-standard https://www.federalreservehistory.org/essays/gold-convertibility-ends

politics @lemmy.world

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