the lawlessness where you have people stealing from stores in broad daylight and cities where people defecate and leave garbage everywhere.
That's entirely a legal issue caused by idiot far-left legislators who are so anti-cop and anti-business that they will let a city burn to the ground rather than admit you need cops to protect the people the businesses to give them jobs.
If you steal $900 of merch in Caracas you're dead, they are gonna shot you for stealing $10. Caracas isn't a madmax-tier shithole because hobos are stealing iPhones from stores, that's what you don't get of how different the situation is.
you have this hubris that the US will always be on top.
Where did I said that? I been saying for a while we're on a death spiral, this is the fall of the empire and even if we get a "Neo" United States that would be decades if not centuries down the line like it happened to most returning empires in the past.
"Debt doesn't matter?" Are you high?
Like I said it doesn't matter as long as you keep paying it back, the Dutch are still paying loans they took in the 1600's to make new canals and the trade from those canals is paying for the debt.
The real problem is not the debt we're taking but what we're doing with the money now, which is not building new infrastructure and industries but burn it in an open fire.
If the faith in the US to pay back that debt is gone then no one will want to buy bonds.
Yeah duh, that's how this works, and that faith exists because so far we always pay in time.
Default once and that faith is gone, also the low interest rates. Keep defaulting and America becomes Argentina, a deadbeat country.
once foreign countries get fed up it falls apart.
Again yeah that's how this works, but they'll only get fed up if you stop paying, they will keep loaning to you because even if the returns are low we're a sure bet so far, and it gives them political leverage while loaning to say Pakistan gives them nothing besides the opportunity of maybe worming their way into local crony capitalism.
using local currency between Uganda and Kenya would immediately see a boost in trade as an artificial barrier is gone.
Trade in what? what products does one side has that the other wants? can those products then be re-exported for hard currency needed to buy other products neither of them produces?
Trading in local currencies works better for developed countries because for example a French company is likely to find a German supplier that has the same high-tech products a British supplier has, and that's why before the euro a lot of inter-european commerce was done in local currencies. But these african countries you've to understand most of them import even simple things like gauze, gauze! something that any half asses textiles company can make but they have to import that. And if Uganda wanted to make their own gauze they can't import the machinery from Kenya because its not made there but in countries that only take dollars or euros, maybe yuan if you buy from a Chinese supplier.
Also consider that Ugandans near the border probably already cross over to Kenya to buy whatever is cheaper there and pay with their currency or convert it to kenyan shillings thus bypassing the dollar, but the fact that this stays small scale shows the limitations of inter-african trade.
The more purpose and usage you give to your currency the more stable and valuable it becomes.
What makes a strong currency nowadays is how much backing it has, how careful you're of not just printing money whenever you need to cover for your budgetary issues, if you pay your debts on time, and how trustworthy you are.
Countries with high inflation are also countries that have deep corruption issues, where trade is curtailed by red tape and bureaucracy, where part of the territory are out of control from the central authority and taken over by rebels or criminals.
