I wanna talk about the Russian and American economies.
USA is currently number 1 in GDP. The dollar is a higher valued currency and the average American can have more luxury than the average Russian.
Russia right now has a GDP somewhere between 1.3 to 2 trillion $. I am not exactly sure what it is since the rubble got devalued from 20/30 rubles to 1$ now 70/80 rubles to 1$. The biggest Chinese bank ranked Russia 4th world economy in terms of GDP while the west ranks Russia 10th in its current state.
Anyway
US national debt is 19,643,000,000,000
Russia's debt is 599,819,000,000
And for comparison to show how small Russia's debt actually is
The Netherlands debt is 2,526,895,000,000$
Now the debt of the US is 114% of their GDP.
The debt of the Russians is 23% of their GDP
With the elections of the US coming I heard about the new 8 to 10 trillion dollars both Trump and Hillary will add to their national debt.
When will the debt in the US be too big to maintain? I mean at the moment the US economy is clearly healthier than russia's but meanwhile Russia has been slowly paying of there debt over the years.
Will there be a time in the US where the debt will have so much influence on the American citizens?? Like there is not enough money left to pay the help for the elderly from pensions.
I heard Russia will get a big economic boost near 2050 when the resources start getting used up and China is sure to surpass the US GDP.
I just wonder if this debt could actually make the US fall the same way like the Soviet union fell