
The United States is in the midst of an unprecedented economic crisis.
The price of oil has skyrocketed, and the country has become reliant on imports.
There’s been a sharp decline in the US dollar’s value against other major currencies.
And the country is running out of cash.
In other words, the US is no longer a place where you can buy a latte or a pizza, where you could spend your hard-earned dollars on a new iPhone, or where you’re going to eat a steak at a fancy restaurant for a grand total of $1.
You can still buy those things at the gas station and drive home with a credit card.
And it’s not hard to understand why.
The US has become the world’s largest debtor nation, spending billions of dollars in foreign aid, and it’s also the biggest market for US-made goods and services.
That means if you buy goods in the United States, you’re basically buying a piece of the American economy.
The problem with this is that it’s a massive economic risk.
The United Nations has called the US the world “financial basket case.”
According to a study released earlier this year, US exports to countries in Asia and Latin America account for a fifth of global economic activity.
That makes US-owned goods and the US government more valuable than the rest of the world combined.
In turn, that creates a big problem for the United Nations.
The World Bank has warned that the US economy could be “in a recession” within a year if the government does not address the growing debt burden of its growing debt.
And in 2017, the International Monetary Fund warned that “the US is on the verge of a recession if the country does not make structural reforms, reduce its deficits and cut its debt, to reduce its reliance on foreign aid.”
The IMF warned that if the US does not take action to fix its debt and cut spending, it could see the country default on its debts and become the most indebted nation in the world.
That would be the worst outcome of the US debt crisis in decades.
Here’s how the US could end up in that same position: 1.
The Debt-Free USA The US would have to default on $2.8 trillion in debt owed to other countries, and that would require some drastic reforms.
In 2017, that debt would have grown by $1 trillion, according to the latest numbers from the International Accounting Standards Board.
The biggest of these, though, would be making a big shift from the current $16 trillion in federal spending that the federal government uses to pay for everything from the military to the education system.
The government would have a lot of work to do to make up the difference.
The Federal Reserve has announced it would cut interest rates to 0.75 percent in 2020 and increase the Federal Funds rate by a quarter to 2.25 percent.
But a lot more work would need to be done to change the trajectory of the economy.
In the US, the biggest source of debt is corporate profits, and in 2017 that debt amounted to more than $100 trillion.
But that’s only half of the problem.
The other half is that debt serves as an engine for the US’s growth, which relies on foreign investment.
The reason for that growth is the way the US has grown through the decades: It has relied heavily on foreign borrowing to create jobs, and as long as the US continues to import more goods and invest more in the country, its economy will continue to grow.
The only way to change that is to slash US corporate tax rates to zero and cut the federal deficit to zero.
2.
Reducing the Debt-Heavy US Economy The next step would be to change US policy to increase exports, which means that the amount of debt held by the US would fall and it would become a net exporter.
It would also mean that foreign firms would start investing in the USA, increasing the amount that Americans would be able to spend on imported goods.
This would make US companies more competitive in a global marketplace, which is where the US needs the most jobs.
In a way, the debt-heavy economy of the United Kingdom, France, and Germany is a perfect example of how to change policy to fix the debt problem.
After the Great Recession of 2008-2009, those countries cut taxes and introduced free trade agreements with the United STATES, but that’s not enough to solve the debt crisis.
They have to also cut spending to create the jobs and reduce their debts.
The UK, for example, cut its corporation tax rate from 35 percent to 15 percent, and they also slashed the number of public sector employees.
They also started to reduce the size of the public sector and the number they hire.
Germany and France have both cut taxes in recent years.
But they still have huge debt loads, which make them both more vulnerable to the risk of a US default.
That’s why the United State would be better off if it reduced its debt load