/biz/ - Business & Finance

idiot its never meant to be paid back. nobody believes it.

they are in debt to the Federal reserve, but its only a wink wink nudge nudge debt.

the only reason they do it is so the government cannot be in debt to themselves, because that makes no fucking sense and shows how frail fiat system is.

this debt can go on forever

Nobody, I was sure of it

>>10738161
Tax payers

>>10738161
The USD is dumb dumb. They just print it all and give it back. You have been buying bitcoin right?

If you want to go to war, don't threaten the one who's got you by the balls.

>>10738233
but you pay interest on the money you print.

its a never ending cycle.

USD is going to be zimbabwe tier in 2 generations.

>>10738161
USD hodlers with their purchasing power whose holdings get diluted by the additional dollars that spend and newly created and were never meant to exist.

>>10738161
I hate the boomer gold retards who think they are smarter than the govt and everyone else. In a really bad fallout type collapse gold wont be worth anything. If the entire economy tanks, gold will too, yes we get it, its used in computers etc blah blah blah precious metals. who are you gonna sell it to though? you think that gold mines will suddenly stop mining and buy YOUR gold instead?anyways dont bother with the debt you cant stop it or anything so go fuck yourself.

Your president has strong kidneys, we can't fight forever.

>>10738161
It is literally a ponzi scheme. Why do you think they keep importing immigrants when people wisely decide that they aren't financially ready for children?

>>10738161
mostly Americans. there is no way the USA can pay off the debt, the only choice is either the USA 'resets' or they will keep printing money to erode the actual debt amount.

Time to France save you again

>>10738278
>USD is going to be zimbabwe tier in 2 generations.
No, it's most definitely not. I love it when people compare my country to anything in the west, especially since it's the west's fault we're in this situation in the first place.

t. an actual zimbo who left in 2002

>>10738652
Care to explain ?

>>10738343
Economic fall out it will rocket. It has for the last 2k years. It’s valuable much like btc for one reason, people trust it. Other than that it’s just a ponzi. Now if we have a real book of Eli style apocalypse it’s .22 shells you want to own.

Holy shit FUCK OFF COMMIES
Saged and hidden, and remember youll always be a loser

It's called a bond dumbass. It's bad if too much of it is owned by foreigners, because they could dump it all at the same time to hurt the government.
but if it's locally owned it's meaningless.
Bob gives the US govt $10 today, so they can buy a shiny new tank.
The US govt gives bob $11 1 year from today, then takes another 30% out of his paycheck.

US gdb to debt ratio is one of the best in the world. every other first world country would have to collapse before our debt becomes a problem

>>10738665
Why the US won't be Zimbabwe-tier, or why Zimbabwe's situation is a result of the west?

See pic or listen to song in the youtube link for the latter:
https://www.youtube.com/watch?v=YHZ67FuBbyo

It's utterly shocking how few westerners even know Rhodesia existed

The next generation and 100 generations to come

>>10738161
only poor people have to pay their debts silly

>>10738777
So money just comes from nowhere?

>>10738842
Now as you can see, the timeline ends in 1980, when Zimbabwe became independent of the United Kingdom.

This is because in 1964, the Queen of England, Elizabeth, decided to reject the (self-governing) Colony of Southern Rhodesia, where 500,000 whites lived alongside about 600,000 civilized blacks and 6,000,000 uncivilized africans, in a little part of the world that had the best standard of living in all of Africa, INCLUDING better than the ZAR to the south, which was still under apartheid at the time and essentially a first-world country.

Rhodesia was locked in a war with Soviet and Chinese-backed communist guerillas(dirty fucking terrs) split into two camps: Russian-backed ZAPU and Chinese/Korean backed ZANU.

The US, UK, And UN all called for the end of the 'Racist' minority rule in Rhodesia, when in reality there was very little racism, in fact 80% of the defense forces were black(mainly Matabele) and the only reason whites were over represented in the voting rolls is because the system was ONE TAXPAYER - ONE VOTE, meaning that since so few natives actually paid taxes, few of them could vote.

TL;DR the west forced Rhodesia to negotiate after years of sanctions which led to the communist terrorists to take power, who then ran the country into the ground.

It's a genuine shame what happened.

>>10738161
>wagecucking
>taxcucking
>inflationcucking

>>10738890
yes, the amount you can print is dependent on how far the market is willing to trust that the issuing entity will honor their bonds.

Government funds all its operations by selling bonds, since the bonds are backed by taxes, the issuing of government bonds is basically a form of indentured servitude being imposed on the population. When a central bank decides to increase money supply, it will purchase these government bonds with printed money, and also print a proportionate amount of money to distribute among various financial institutions the extra distributed money is supposed to help promote economic growth. Its basically free money for banks and institutions, and slavery for you and me.

The little ones

>>10739755
Good thing I don't have kids lmao

>>10738161
google modern monetary theory