What’s not immediately visible, though, are the numbers — and they’re massive.
The U.S. economy stands at about $29 trillion, compared to $2.3 trillion for Italy.
Can it really sustain that scale of debt? There’s enough leverage there to shake entire nations.
And yet, the system keeps working.
Because America borrows in its own currency.
Because the dollar remains the world’s safe haven.
Because global investors — from central banks to sovereign funds — still trust that U.S. Treasuries will be paid back.
It’s not just about economics. It’s about confidence — the most powerful asset of all.
- SL