My Investing Muse

  From Twitter User The Kobeissi Letter Total U.S. Debt by Year (Inflation Adjusted): - 1920: $400 billion - 1930: $300 billion - 1940: $900 billion - 1950: $3.2 trillion - 1960: $2.9 trillion - 1970: $2.8 trillion - 1980: $3.2 trillion - 1990: $7.2 trillion - 1995: $9.6 trillion - 2000: $9.7 trillion - 2005: $11.8 trillion - 2010: $18.4 trillion - 2015: $22.6 trillion - 2020: $30.7 trillion - 2022: $31.5 trillion On an inflation-adjusted basis, it took the U.S. 224 years to hit $10 trillion in debt. In the last 20 years alone, over $21 trillion in debt has been added. Meanwhile, U.S. debt is expected to hit $51 trillion by 2033, adding another $20 trillion in 10 years. Debt crisis is an understatement . Chart: U.S. National Debt Surpasses $31 Trillion | Statista My investing muse USD is the current world reserve currency. If they continue to have debt ceiling issues, this erodes the confidence in their currency. Will the other countries continue to be US-issued bonds? What happens...

With the recent Ukraine conflict, the world has seen changes in relationships shaped by political and economic restrictions. With sanctions applied on Russia, the economic partnership between Europe and Russia has been replaced by other players, notably China. In the article  below , China RMB is already the most popular currency in Russia. An extract from the article: The Chinese yuan has surpassed the US dollar as the most traded currency in Russia, largely because of sanctions imposed on Moscow after it invaded Ukraine 14 months ago. Russian companies and the government have been forced to undertake foreign trade transactions in currencies of allies such as China and India, which have declined to support sanctions imposed by Washington, the European Union and other nations because of the strong reaction to the first conflict in Europe since World War II. The behaviour & actions of the US has caused itself to be distant from several countries. The US has gotten into trouble w...