If WW3 were to start tomorrow, the U.S. would start the war with a 96 TRILLION dollar debt. While they certainly would stop the payments of that debt and freeze everyone's assets, for the duration of the war, sooner rather than later the debt will become a problem for their economy.
America's biggest weakness, and most exploitable by a possible enemy, is its economy. They can't afford to partake in prolonged wars. Whether they win or loose doesn't really change the fact that they're unlikely to recover, financially, from it. Maybe there's solace in thinking that every country is also facing similar situations.
My dad used to tell me how, after WW2, people were using government provided tickets to "purchase" food. You couldn't buy more and it was usually not enough to feed the entire family on its own (luckily they had a farm).
Following the next major war, it's very likely that a similar system will be implemented and I suspect it will be increasingly difficult for Countries to get back onto the same monetary system considering the sheer amount of debt tied to it.
No comments:
Post a Comment