I see that the US national debt reduced 70 bil. dollars in 1 month. How is this possible? It is a recession!?

Our exports went up with a weak dollar and our gasoline consumption decrease by 35 Billion miles last years. We are all learning how to live with less. That's a good thing. It'll decimate China's economy. However on the global scale; only the fittest survive. as the oil and natural resources become more scarce.

When the Federal Reserve creates money it sometimes destroys debt. Money is non-interest bearing debt from the government. The need for liquidity was so high that people traded interest bearing debt for money.

Your data is incorrect Pratyush. The debt has been increasing according to available government data.