The USA now spends as much on paying the interest on their debt as on their defense budget!
So, we are not the only ones in debt.
However, the major difference is that the USA can – through their Central Bank – create money that flows through all sectors of their economy.
Result?
Growth: USA 2.6% / France 0.7%
Unemployment: USA 3.8% / France 7.5%
But do our leaders even know how a Central Bank works, and all the benefits they can derive from it for their own policies?
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