72 Tribute Economics

<p style="margin-bottom: 0in;">Does America's $18 trillion National Debt ever have to be paid back? The short answer is no. America can run Trade & Budget deficits indefinitely on the backs of foreign "investment." The U.S. is subsidized by the rest of the world via Treasuries, and we have no intention to ever pay them back, our nation depends on the money. We can do this because of our economic power, so essentially the rest of the world is "taxed” to maintain the American standard of living.<br /><br />This could perhaps go on forever if the $ remains the World's de facto reserve currency because what else are foreigners going to do with $ after running up stock prices & buying expensive apartments in NYC? If the citizens of those nations truly knew the facts, the Ponzi scheme would collapse, not because it doesn't work, but because people are resentful, envious & perverse, and don't like seeing others benefiting at their expense, especially not Americans. At some point, for the same reason people resent the 1% even though their own lives are immeasurably good, the World will probably discontinue enabling the U.S. debt-mongers, and I wouldn't blame them. But even if other nations do become aware of the situation, how would they change it? It's one of the perks of being the World's only Superpower, we deserve to receive our hegemonic tribute, they're only the spoils of empire returning to Rome.</p>