The United States has enjoyed the ability to borrow effortlessly and sustain an assertive foreign policy, by virtue of its status as the world’s reserve currency. But the rise of other currencies and concerns related to the mushrooming US debt has created doubt, causing many foreign entities to sell-off of US currency and securities. And now that the Yuan is set to join the IMF reserve currency basket later this year, our position is more vulnerable than ever. So what actually is the U.S. National Debt?
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