As long as the United States continues with a "debt based economy", the debt crisis will "never end", said Bob Chapman, editor and owner of TheInternationalForecaster.com.

Chapman told Press TV’s U.S. Desk on Friday that he thinks a "Corporatist, fascist theory [in the U.S.] won’t let the U.S. debt crisis to end."

He blamed "major corporations" for not only "influencing but actually controlling" the government. "They are so wealthy that they can buy almost all the politicians", he added.

He said the ailing U.S. economy will allso affect other countries’ economies because the dollar "is the world’s reserve currency."

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