It is refreshing to watch, in International Finance, nations who understand: Indebtedness is a quicksand which can quickly become more liquefied, so sinking to complete submersion are the trekkers’ fates. We watch one Nation, America, whose leaders apparently consider that no financial storms lie ahead for it. The current multi-trillion budget pushed by it Selected President, a former career politician, evidences this attitude. Apparently both he and his minions, do not realize the simple truth: Acquisition of borrowed monies, while attainable, can be a ‘Albatross around the neck’ of the borrower, when ‘bad times’ hit. Repayment of funds and interest charges can be ominous.
The announcement that another “World Power”, Russia, released excellent debt results, evidence the contrary to historical flagrant hegemonic forays of the United States. The “Bear’s mere $268,000,000,000.00 in domestic debt and its minuscule current $56,000,000,000.00 is we think, a testament to sound economics by Russian political leaders. As for America today, its National Debt is $28,075,082,266,154.00+! As International Businessmen, “who have been around the block many times”, we cannot conceive of such financial ‘largess’ flagrantly strewn about.
It is our opinions that the level of narcissism shown by American Political Leaders, without a doubt demonstrate a ignorance of Economics. In this regards, they are not alone, as we have written before, Greece comes to mind as a grossly indebted nation also; Its citizens apparently do not comprehend the ‘pain to repay, with interest’, its enormous debt of today’s Euros: 356,920,217,147+. Its leaders want to purchase more military hardware, it has been reported. Do they want more financial pain? It makes no sense whatsoever.
We are of the opinion: “Wise competing countries do not have to worry whatsoever about hegemonic America attacking them militarily. Instead, its Intelligence Agencies will be tasked with electronic forays into encroachments into other nations ‘I.T.’ territories. Additionally, the possibility exists of its 200+ biologic labs being tasked with creating new viruses for employment. The financial limitations on America has ‘hand-cuffed’ it for decades to come. This, as to wholesale slaughter such as it previous performance in Iraq [with its fantasy “Weapons of Mass Destruction” ‘verified’ by U.S. Intelligence Agencies?]
Unless America, commences getting its financial house in order, other nations, conservatively operated, will be waving ‘Good-Bye’ as they progress past it. We think the U.S. needs ‘Businessmen’ for its leaders, not old career politicians, who exist without term limits [which would bring their mediocrities to end].
Russia’s Elvira Nabiullina, as Central Bank head, should feel proud of her accomplishments. It appears she has no competitors on America’s side of the Atlantic Ocean or elsewhere. Perhaps some humble government Economists in the District of Columbia or Athens may want to sit down with the young lady to listen, hear, and understand Economic Paradigms that work.
Reality: ‘Narcissim’ has much in common with ‘Narcotics’; beside having their four starting letters being the same, nations’ leaders need to understand: They both destroy the possessors.
Reference: https://tass.com/economy/1296557
