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It was my understanding that we are in debt to many countries. I don't know how much "many" actually means, but it's more than just a few.
I would think there would be some sort of "currency system" out there where bartering could exist. For example, military aid in exchange for $$ owed, or even on a multi-national level.... humanitarian aid would wipe out debts owed (among different countries, not just what the US owes to let's say, China).
I am not well versed in politics or economics, but at the level that these deficits and debts owed is often in sums beyond which would ever be fully recovered - billions and trillions - I would think there has to be a better system out there to make restitutions. At least, the idealist in me would like to think that something like this could be looked at.
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