Ridiculously, she is not a debtor, she can bankrupt a minimum of 50 countries, which allocated funds for help. The country with the most developed economy, even the dollar when there was still no euro, was the main currency of many countries. But the points of view of aggression and submission to oneself, this is its worst quality.
America is not a debtor? Because
that's demonstrably wrong. America is one of, if not the biggest, debtor nation in the world. America has a chronic inability to balance its budget, necessitating borrowing money from people, institutions and nations that have surplus money and are looking for a "safe" place to park them to mitigate inflationary risks. In no possible sense can America be said not to be a debtor.
I'd rather say it is arguably right
It doesn't really matter if Murrica is technically the largest debtor on the block. We should always face the facts without bias or prejudice (at least, as much as possible). And the first fact is that the US national debt is denominated in the same US dollars that the US government (the Fed, more specifically) happens to print. So this debt is entirely nominal. The second fact is that this debt (at least, the part which is held by foreign holders like the Gulf sheikhs, Japanese banks, Russian oligarchs, and Chinese nouveaux riches, to name a few) is not a debt at all. It is in fact a sort of toll that these nations pay to Murrica for being allowed to be what they are. It is just a handy and useful misnomer but we are not to be deceived into that shit, right?
You're just actively looking for reasons to disagree now. The debt is not nominal. Anyone with a cursory understanding of economics understands that printing money to pay off the debt would tank the currency, thereby destroying the value that's supposed to be repaid, and probably tanking the world economy in the process since so much of the world's saved value is denominated in the currency that would thereby be destroyed. Every nation that's tried to pay off their national debt by printing money has found out how not nominal the debt turns out to be. And even if you want to persist in that notion, it's still a debt, which by definition makes America a debtor nation. Your second point isn't even intelligible
In fact, I had always been saying that
So it is certainly not a just one-off disagreement with your point (so to speak). As I said, we should face the facts. Here, another first fact is that the Fed had already printed massive amounts of dollars in the past to extinguish or quell the subprime mortgage crisis. Did this tank the dollar? Not in the least, as you likely know yourself, for the simple reason that this new money ("aeroplane money") never entered the real economy at all to make a dent in the purchasing power of the dollar (you should know that yourself). The second fact is that owing in the currency which you happen to print yourself prevents you from defaulting on your "debts", as simple as it gets, i.e. you can't default on the debt denominated in your own currency (unless you are out of you mind, obviously). That pretty much means that being a debtor in such circumstances is inconsequential. I don't know a proper term for this, but the term debt doesn't seem to be proper here (pardon the pun)
America is not a nation. Why does no one understand this?
We are talking about Murrica
