SamuelRSmith said:
I... err.. don't get what you're saying. I didn't even mention the wealth of the USA, I'm just saying this isn't a measure of wealth (which you implied it was, through your title). But, if you want to know, the USA has more wealth than any other country in the world by just about every measure - it's the most resource-rich country in the world, its workers are the most productive (The average American is 40% more productive, each year, than the average European... and the average American produces the same amount as 11 Chinese people, or 43 Indians!), also, 90% of the world's largest corporations and brands are based in the USA. And, somewhere along the line, pretty much every major non-American corporation has a lot of American money invested in it. Remember, the only reason the USA was able to accumulate such a debt, is because the lenders are confident that the USA are capable of paying the debt back. |
wait, but all this is possible because of the infinite debt.
and lenders are not confident, lenders work fo the US. Nobody would be confident to continue to give that much money to people that will never be able to give back the money lent ... At the opposite, the grec debt is, in % of PIB, a lot smaller that the US one ... but because rating agency work agaisnt Grece and because there are a lot of speculations, they explain everybody to NOT give money to Grece because it is supposed "risky" ...
Time to Work !