The best way to realistically solve the global debt crisis is to focus on energy. Indebted nations like America should focus on BIG REVENUE-PRODUCERS ONLY that lower the trade deficit/create a surplus.
It’s important to Keep it Simple Stupid (KISS) because most people are more effective focusing on one simple task rather than multi-task. Two big sources of the trade deficit are
1) imports of ENERGY and
2) GOODS from Asia.
Indebted nations like the US can’t realistically beat Asia on cost. Therefore, indebted nations should subsidize specific proposals that lower energy dependence (eg. companies like Tesla) and increase tariffs on undesirable energy.by