Central banks' money printing may keep the US liquid, to continue its indebting to death process, but that is not the same
thing as solvency and keeping the US from bankruptcy default.
That is where the US is now, and the whole world too, run by the US
led central bank, doing the same thing to the world as it is doing to
the US.
That is what this bungling article is saying, but in a way that confuses
the real theme of bankruptcy, and not stepping on the authorities' toes
too hard. So I suppose the author can still interview authorities and not
be rebuffed, ignored, ridiculed and harassed by them.
From
'The 4 Horsemen of the US Debt Apocalypse'
Posted by mybudget36
https://www.mybudget360.com/4-largest-area-of-government-spending-gdp-to-debt-ratios/ "Here is a question you probably won’t find on Jeopardy: what is the
actual risk of a US default on its debt?
? The answer to that is none
because the Federal Reserve has the
magical power to create new
debt to pay off old maturing debt.
? Must be nice to operate
beyond the
normal rules of accounting. "
........
........
"Yet ..... (me- the rest of the post is about 'Yets'. So just read it. But as
an example:)
"Spending will only grow
We have an addiction to spending and debt is our crack. The U.S. is
in an enviable position where we can spend as much as we want
courtesy of the Federal Reserve. Debt is fine to a certain level and
you must have enough revenue coming in from the real economy to
support this deficit spending. The new administration has already
alluded to big spending with tax cuts – which will only balloon the
deficit.
Here is how our debt to GDP ratio looks like ..... "