Seriously, did you failed in Reading and Comprehension skills at school???
Here is what you asserted originally: "No. As you well know global debt is mostly denominated in USDs and the Fed can wave a wand to create new USDs"
Here was my reply: "Wrong, the Global debt is denominated in many currencies. The USD being the main one - not the Only one."
And your counter reply was this: "No you are wrong. Around 60% of global debt is denominated in USDs and I expect that a much higher proportion of the US National Debt is denominated in USDs."
Now, what does it mean when I asserted "The USD being the main one - not the Only one?!?"
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- Is the USA technically Bankrupt?
Is the USA technically Bankrupt?, page-11
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