No. of Recommendations: 2
with all the US debt, I wonder if there is some risk.
Not really.
Ever heard the expression "When the US sneezes, the world catches a cold"?
Google AI:
Reasons for US Influence:
* Size of the US Economy: The US has the largest economy in the world, and its economic performance has a significant impact on global trade and investment.
* Dominance of the US Dollar: The US dollar is the world's primary reserve currency and the most widely used currency in international trade and financial transactions.
* Global Trading Partner: The US is a crucial trading partner for many countries worldwide, and changes in US import demand can affect their economies.
And if you are a US citizen, there is absolutely nothing that you could do to avoid any such risk.
If there comes a time in the foreseeable future where US Treasury debt becomes a risk, any loss you get in the cash will be minuscule compared to the totality of what's going on. Like worrying about a paper cut in the midst of a tornado.
