Default in the United States and the global financial crisis: economic problems, development prospects and ways to overcome

The article studies the economy of the United States and the largest countries of the world, the possibility of a default in the United States of America and the global financial crisis, economic problems, development prospects and ways to overcome it. In the course of the research, the dynamics of the state and external debt of the United States, as well as of other largest economies, was studied, their comparison with the gross domestic product is given; an assessment of the debt burden of the population of the United States of America is carried out, the dynamics of the gross domestic product of the United States against the background of other largest countries and their share of contribution to world GDP are revealed; the assessment of the balance of the budget of the largest countries, the level of their unemployment and international reserves is given. As a result of the study, it was revealed that the state and the population of the United States are indebted, the US national debt significantly exceeds the volume of GDP, and the Chinese economy is dependent on the United States. At the same time, no measures are being taken to eliminate the growing budget deficit on the part of the United States. Of the largest economies, Russia is the least dependent on debt, with large reserves of foreign exchange reserves and natural resources, and China has a more powerful economy than the United States in terms of gross domestic product at purchasing power parity. Thus, against the background of geopolitical tensions in countries such as the United States of America, Russia and China, the inflation of the US bubble in the world economy can cause the global financial crisis, the fall of the dollar, as well as the capital of world rulers and US hegemony.