President Xi insulted Trump last week and he wasn’t only thinking of Iran. He was also thinking of the USA’s $40tr debt burden. This debt is negatively viewed by the world’s bankers. They have increased interest rates on USA debt as their credibility has decreased. The debt repayment is now $1.1tr per year. The economic consequences are dire but this also impacts on the military. The USA’s military ability is reduced by this debt burden and the USA’s decline as a super power accelerates
The video is 3 minutes long
