US - a country with a well-developed economy.For many people around the world to get to America - a cherished dream.After all, the standard of living in the country is quite high, and the business sector very well developed.However, anyone who even slightly interested in developments in the world economy is likely to have heard that the US has a huge debt.And it's not just about external liabilities, but also on the domestic debt.The external debt of the United States today, passed the mark of 15 trillion.dollars.This is a record amount, and it continues to grow.Today, the external debt of the country is 100% higher than its GDP.
However, you should understand, is so terrible if such a debt.After all, only a record figure in absolute terms.But in relation to GDP it is not that big.There are countries with less debt, which, however, are several times higher than the GDP of these countries.America's foreign debt can be repaid, because most of it is provided sufficiently reliable securities.Formally, the United States - one of the most creditworthy countries.Therefore, various rumors that the country may split and that its economy will soon fall victim to a new crisis - no more than a rumor.There are several reasons why the US foreign debt has grown for more than two decades.
First of all, it should be noted that the imports of goods in the country is much higher than exports since 1985, which creates a negative balance.America consumes most of the goods produced in other countries.You should also remember the debt of the private sector, the interest for the previously received state funds and a large deficit in the national budget.All external debt is denominated in US dollars.Therefore, by issuing its own currency, the United States could theoretically at any time to repay it.
However, some creditors and not hurry to give money.Among the creditors and the United States has companies and countries.Interestingly, the bulk of the funds has been received by the United States from two countries: Japan and China.The money was transferred to the US in local currency at a very low percentage.In practice, the interest rate on this debt is zero.However, not all that simple, because no rational government does not lend money for nothing.China and Japan is no exception.Paying agents in yuan and yen, they expect to get back to them in the US currency conversion, that is in dollars.And as America's currency tends to rise in price and develop the country's lenders expect to receive good profit from their investments.As for Russia, the US foreign debt to her is not so great.It is only 3.8%.Among all lenders of America Russia is in eighth place.
US debt to other countries (country's central bank) is equal to 25% of the total debt of the country.Most of the funds received from the states of various companies and organizations.Large firms do not mind to invest in bonds of America, as they are firmly secured and generate a decent income on the interest rate.Something where you can hear statements that the United States uses other countries as slaves.These conclusions are based on the fact that the United States - a major consumer of products from many countries.And states consume on credit.If you suddenly abandon America imports, some large companies go bankrupt, because the goods will sell nowhere.
US supports the process of production and consumption, thereby starting the development of the economy in some states.On the other hand, to refuse to supply the United States, these countries, too, for obvious reasons, can not.The result is a vicious circle.America without external supply may fall into crisis.And in this case it did not pay off debts even with those that it already has.Therefore, it is concluded that the US attracts the real goods, but instead gives only promises and paper.
