WORRIES ABOUT REOCCURRANCE OF THE PARTIAL COLLAPSE OF THE WORLD FINANCIAL MARKETS, DUE TO THE USA MOUNTING DEBTS HAS BEEN UNREALISTIC.

Worries about reoccurrance of world's partial financial collapse, due to the USA mounting debts has been unrealistic. The USA clout on the economic ground has not only been attributed to its position as one of the world's major super powers, but rather its position in the US dollars value as the world's reserve currency.
Claims of debts accumulation, due to reprints for financial securities, budget and for the interest rate adjustments have been directed by the USA treasurer to combat inflation rather than the world bank that keeps track on how much the USA owes the foreign countries, or the opposite. Infact nobody seem to kow what had really caused the partial collapse of the world's financial markets, despite claims that unpaid credit cards debts in the USA had caused the partial collapse of the world's financial markets from which rescue package for world's financial markets came as the budget and interest rates adjustment reprints that may have attributed to the USA mounting debts.

Written by Godfrey Ohia.