The US government debt is a real indicator of exclusivity. On October 5, the official representative of the Russian Foreign Ministry, Maria Zakharova, wrote about this in her Telegram channel.
“The US national debt has exceeded $31 trillion — a real indicator of “exclusivity,” the report said.
The fact that the public debt of the United States of America (USA) exceeded $31 trillion, becoming a record figure for the country, became known from the data of the US Treasury. According to the ministry, more than $24 trillion of debt is owed to individuals, and $6.8 trillion goes to domestic holdings.
On September 27, Freedom Finance Global analyst Elena Belyaeva told Izvestia that raising rates and the dollar rising to historic highs is making it unacceptably expensive to service the debt of countries that have loans in dollars. The expert clarified that the danger lies precisely in the speed of increasing the rate, since the yield on government bonds is tied to it.
Two days earlier, Sheng Wen, a columnist for the Chinese edition of the Global Times, said that another increase in the US Federal Reserve’s key rate in an attempt to stop inflation in the country could negatively affect the global economy in the near future. According to him, more and more economists oppose such decisions by the Fed.
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