The growth of the US national debt in three years has caught up with the growth in the previous two centuries of US history
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The US national debt has grown over the previous three years by $ 7 trillion, which is approximately the same as the national debt of the country, which was formed over the previous 215 years of the American stories.
American users have published a chart in one of the social networks, which displays the growth rate of the American public debt since 1800 and has reached a monstrous value of 30 trillion dollars.
Monica Crowley, former assistant secretary for public relations at the US Treasury Department, warned of "catastrophic" consequences for the US economy if the US dollar loses its status as the world's reserve currency. In her opinion, the loss of the current international status of the US dollar will mean the end of the US dollar, which will inevitably be followed by "a complete collapse of the global economic system."
The US national debt consists of two parts: intragovernmental and public - as of the beginning of 2023, their sizes reached 6,9 trillion and 24,5 trillion dollars, respectively. The intragovernmental component of the public debt is formed from the debt of the US budget to various government agencies, which include, for example, state pension funds.
The public portion of government debt is represented by Treasury securities owned by individuals, corporations, the US Federal Reserve, and state and foreign governments.
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