The US Owes the Global Economy $54.3 Trillion, Says Putin

The US owes $54.3 trillion to the global economy, reminded Russian President Vladimir Putin while commenting on the monopoly position of the US in financial markets. Putin made this statement during the plenary session of the St. Petersburg International Economic Forum.

“Serious money is being made from this exploitation. According to publicly available data, the United States is conditionally in debt to the global economy in the amount of $54.3 trillion,” said the president during the SPIEF plenary session. As noted by Putin, the US consumes $1 trillion more annually than it produces.