TV show: Five minutes of common sense

The US national debt exceeded the historical mark of 20 trillion USD on the background of acute political crisis in the American elite. <...> first, a situation in which global hegemony is living on borrowed money is an abnormal situation. The restriction on lending was introduced in the early twentieth century very clever and calculating predecessors of the current political blockheads who work in Congress, the Senate and the administration of the President of the United States. <...> ... the debt ceiling was invented in his time in order to protect America from irresponsible politicians that may seem that debt, you can live forever. The fact that in recent years the US budget and the administrations of presidents Obama and trump hit in this emergency, the limiter every year is a symptom of a deep illness of the American economy and political system. <...> it is significant that while Democrats and Republicans argued about the state debt, and americanophile of all stripes spoke of the greatness of America that can gain the debts and never to give up, the BRICS summit in China completed the base alternative financial system. If all goes well, in a few years, us bonds will lose their attractiveness as the most reliable asset on the planet. China, Russia, India and many other countries, will be able to keep their money in American debt, and invest in, for example, the New Development Bank of BRICS. Obsolescent American system will be replaced and it is only a matter of time and painstaking work together with allies in the BRICS. In the not too distant future the United States will not be able to live permanently in debt and they know it, so trying to undermine China, to undermine us, including with Ukraine, and also to break or to subjugate the economy of the European Union. But the main risk I see is quite different. Never global hegemony and the main financial centre of the world are not deprived of their status without a major and bloody war. And it is very likely that when the Americans pressed to the wall by their own debts and the consequences of their insane policies, they will try to make it so that lost everything because in the modern world war will be no winners. And here to solve this problem will be much more difficult than to wean the world from habits to lend to the us budget.