America's high level of foreign libabilities doesn't neccesssarily mean the dollar or economy is going to collapse now. Any country could collapse now, and with America having such a huge GDP, this will overthrow any losing investor confidence. Also, you can't relate your whole argument on the Pitchford thesis, when I, being the great economist i am, personally disapprove of the pithford thesis. Who cares whether the debt is private or public sector, aslong as your experienceing high level of domestic economic growth, along with, most importantly, strong global economic conditions, which also is why the American economy will NOT collapse.
Latest figues show that the North American popualtion being around 300million. So your saying that 300mil * 100k is there amount of debt owed by the government alone. LOL thats $30000000000000. Thats greater than GWP. Fucking idiot.