Agribotics
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- Aug 17, 2022
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Not even God himself could sink the US Dollar.Argentina is a horrible comparison to the US because the US can borrow in their own currency meaning they can run an enormous debt and their debt gets cheaper, not more expensive. One of the perks of having the world reserve currency. And no the dollar isn't collapsing.
“Fitch Ratings recently downgraded the U.S. long-term credit rating from its top mark of AAA to AA+, marking the second time in history that a major credit-rating agency downgraded the United States. The first time was by Standard & Poor’s (S&P) in 2011.
Fitch cited multiple reasons for the decision, including:
- The nation’s high and rising national debt
- The lack of a plan to address the major drivers of the debt
- The erosion of good governance”