US debt will be rated junk if it were a corporation

Marc Faber has stated that if you add all the unfunded liabilities that US has, including the future liability of Medicare, Medicaid, and social security, US debt will be junk if the US is a corporation.

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Shadi Katyal

7 years ago

True IF it were a corporation but it is not.
Maybe the reader and writer should remember that despite such a large debt ,it is still the world's biggest economy and percentage of GDP is very low.
It is interesting that how this paper publishes all doom and gloom for USA.One should be pragmatic and look at the true picture.
Why is China and other nations buying IOU fof USA????

Honda airbag recall punctures Japan’s auto sector

Honda, Japan's second-biggest carmaker after crisis-hit Toyota, has recalled more than 400,000 vehicles to fix airbags that it said can explode and spray out potentially deadly metal shards. The latest safety recall adds to the woes of Japan's auto industry, a key export earner of Asia's largest economy, since Toyota has made global headlines over its faulty accelerator and brake systems.

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China flexes its financial muscle

In response to the United States' latest arms sale to Taiwan, the Chinese military has suggested that China sell off some of the US debt it owns to give America an economic punch of sorts.

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COMMENTS

Shadi Katyal

7 years ago

These are called muscle flexing and nothing else. How would it benefit china at all as she will loose the value of her credit.
One has to look back and see how many times such threats have done anything.
There will be no acation. watch and see

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