Bro whatever you want to assume you can ...
I am not making assumptions but explained to you the fundamental difference between the economic system of US and former USSR. Both are incredibly different and do not share the same set of vulnerabilities, and any comparison between the two is absurd.
Now, I am not asserting that American economy is infallible but there is much more to the story then meets the eye. Continue to read below.
If USA gov is only regulator then why the USA gov used bailout program in 2008 for insurance and banking sector,,,,
What do you think happened in 2008? RECESSION - a major one.
American Banking system was on the verge of total collapse with unprecedented implications for the entire world; if the American government had decided not to bailout the American banking system, the entire world would have experienced an economic crises of proportions the likes of it has never seen before (bigger than the GREAT DEPRESSION in 1930s) and the world would have been a different place today. Investments worth
TRILLIONS of USD were on the line all over the world.
In the light of that, American government scrambled for damage control and proceeded to bailout the American banking system. Whatever measures were taken, they were intended to stabilize American economy, restore the credibility of American Banking system and prevent a global economic catastrophe.
Learn more from following links:
https://www.forbes.com/sites/mikecollins/2015/07/14/the-big-bank-bailout/#36222fd22d83
https://www.thebalance.com/what-was-the-bank-bailout-bill-3305675
We all owe it to the American government, my friend.
---
Economic fragility is not TRUE for US (only) but for the whole world. In this era of CAPITALISM and GLOBALIZATION, American Corporate Sector is at the helm of global business activity and its FALL will herald a global economic catastrophe.
Some argue that the American government should not have intervened in the matters of CAPITALISM; American government should have allowed CAPITALISM to collapse because much of the world has thankless attitude and corruption is rampant. There should be a severe penalty for the menace of corporate corruption and greediness. It is time for a
new world order.
If the American government considers a complete reboot of its economic system - a NEW WORLD ORDER in true sense of the word, what alternatives are there? Is this practical in your opinion?
An interesting read:
https://organizingchange.org/want-alternatives-to-current-capitalism/
But easier said than done.
Another:
https://opinionator.blogs.nytimes.com/2013/05/29/why-cant-america-be-sweden/?mcubz=0
I have come to understand that in the matters of economy, there is hardly any right or wrong answer. American economy, in particular, is too big and diversified to argue for (and against) and its course is also difficult for a single actor to predict; people tend to be subjective and emotional about these matters and
speculation is an industry in itself. On a closer look, every country is struggling to thrive in the matters of economy be it China, Russia, Pakistan or US.
why they came for support of IT sector in the early 2000s, why there was bond buying program? When the USA is the biggest economy on the same one of the most heavily indebted economy and the issue is US gov is in vicious circle where in order to keep the demand of dollar high they have to keep the influence and for keeping the influence they have to spend lot of money beyond their means ...
See above.
American national debt has climbed significantly in recent years due to state-led bailout initiative for the American Banking system since 2008. This initiative has propelled American government spending to great heights and the bailout will continue for a while until the relevant 'corrective measures' are complete. Recession is over but DEBT CEILING is now an issue for the American government because it needs to complete its bailout plan and national debt will continue to climb accordingly. However, this trajectory will not continue unabated; the bailout plan will end at some point, repayments are likely and American government is exploring options to control national debt.
Learn more from here:
https://www.thebalance.com/trump-plans-to-reduce-national-debt-4114401
US is on its course towards energy self-sufficiency in coming years due to shale revolution and embracing other forms of energy such as solar and renewables in order to fulfill its energy-related needs; intent is to stimulate exports and bridge the trade deficit. Additional measures are also under consideration.
More importantly, American national debt is
internal in large part and manageable because USD remains strong in foreign exchange and US remains a good destination for investment. Contrary to the popular belief, recent climb in American national debt is not an indication of a tanking economy; US is not borrowing money from other countries to bail its banking industry - Americans are doing it themselves. keep this fact in mind.
Here is a breakdown of American national debt:
https://www.thebalance.com/who-owns-the-u-s-national-debt-3306124
As you can see, the fate of American economy is in its own hands in large part but its sudden collapse will bring about a global recession of unparalleled proportions - and the rest of the world doesn't wants this to happen. Therefore, USD remains the most sought after global reserve currency and investors continue to invest in American economy. It all comes in full circle.
We all know that most of the American products are incompetitive in the market ...
Are you serious?
American goods are not necessarily MADE IN USA; many come from Chinese factories but they are essentially American and compete very well.
Regarding US domination in foreign exchange is not due to some miracle economy but due to the fact that they have pushed all oil trading nations to sale oil in dollars which is the most traded item in the world ... Look what they did to Iraq and Libya as both were advertising to sale oil in currency other then dollar ... Did they found WMD ? If WMD were not there then for what reaason they invaded Iraq ? Why did they provide air support to Libya rebels ? Libya was the most economically progressive country of Africa ...
I do not disagree with this assessment but it is just a piece of the puzzle. American economy is bigger than OIL, my friend.
So you can keep you eyes closed ,,, US economy is in a deep shit and will going to collapse as soon as they loose influence our other countries and oil starts trading in other currencies ...
Easy for you to say! American economy has been in deep shit before and rebounded. How do you think US endured GREAT DEPRESSION of 1930s? By
militarizing its economy and World War II soon followed. Some see a connection between these two developments.
Why GREAT DEPRESSION happened? This was the reason:
https://en.wikipedia.org/wiki/Smoot–Hawley_Tariff_Act
Do you think it is easy for other countries to dump USD just like that? What are the alternatives? Who is going to support China and/or Russia in this objective if they desire an alternative to USD as a global reserve currency? Euro and Yen are two well-known alternatives but USD continues to dominate regardless.
Gold? The world has tried this model before and it has its share of drawbacks. There is hardly an ideal solution for economic woes of the world, my friend. Sooner you come to terms with this reality, the better.
Learn more from here:
https://www.quora.com/What-happens-...ses-its-status-as-the-worlds-reserve-currency
Even if reliance on USD comes down gradually, US will readjust its economic polices accordingly and penalties will be imposed. We have to live with this status-quo for indefinite period, like it or not.