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In my personal opinion, from the viewpoint of someone who worked in the capital markets, I think this is massive debt is one of the reasons that Trump's administration is upset with Jerome Powell (US Central Bank Chairman) and has put him 'under investigation'. Powell has been regularly criticized by Trump. The admin wants Powell to lower interest rates, so that interest costs on the rising debt cost less. Unfortunately, lowering interest rates in that scenario is a recipe for economic disaster and pretty much every respected economist and capital market analyst agrees that political interference with the Fed would cause inflation and interest rates to go up. That is why every large democratic nation emphasizes clear independence of their central banking function from politics.The Netherlands is joining other countries with the decision to deploy military troops to Greenland upon request in order to confront any attempt by the United States to use military force to steal Greenland and natural resource wealth.
Is anyone else wondering why the United States cannot afford to buy the resources?
"The House of Representatives supports a possible additional Dutch military contribution to the NATO presence in Greenland. A narrow majority of the [political] parties support an SGP proposal that calls on the caretaker government to actively work with other European countries within NATO to strengthen its presence in the region.
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Trump has also repeatedly stated that he is interested in Greenland's rich mineral reserves.
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The US is threatening to buy or invade the country, part of the Kingdom of Denmark, if necessary.
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Defense Minister Brekelmans said late last week that the Netherlands is prepared to contribute militarily to Greenland if requested to do so by NATO countries"
Kamer steunt mogelijke extra militaire aanwezigheid Groenland
Een meerderheid in de Kamer geeft het kabinet groen licht om defensie een inzet op Groenland te laten onderzoeken.nos.nl
" ... the US federal deficit is projected at $US1.7 trillion ($2.5 trillion) this year. That shortfall needs to be financed by debt, which now stands at an eye-watering $US38 trillion."
Markets shudder as White House goes to war with everyone
In the past week, the US has dramatically expanded and accelerated its attacks both inside and outside its borders. Here's where Australia stands in the fray.www.abc.net.au
ETA: made edits for clearer wording.
Nothing would spook the capital markets more than thinking that the central banks were being interfered with.
Major central bankers around the world have issued a statement of support for Jerome Powell and have raised concerns.
Bank of Canada adds voice to central banks backing U.S. Fed amid DOJ probe - National | Globalnews.ca
https://www.wsj.com/economy/central...ference-with-fed-would-push-up-rates-60ccfed6
That's also why it's important for the US to not go on 'adventures' around the world (such as supporting the current Argentinian administration and invading Venezuela). Again, just my opinion as someone who has been actively involved in institutional money markets.
I hope the US leaves Greenland alone and doesn't interfere with their sovereignty. I'm not sure what their objective is in creating even more global disharmony, and I worry of what the fallout might be. We all want everyone to be safe. I think there is more upside for everyone if you work with your friends and allies, rather than working against other democratic nations.
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