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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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15864836 No.15864836 [Reply] [Original]

You know the US has $22T in debt, but did you know there is $126T in unpaid liabilities? That means no social security/medicare for granny and Boomer dad isn't getting his pension. Our world is crumbling before our eyes

>> No.15864928

Literally nothing is going to happen.

>> No.15864968
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15864968

>>15864836
This just means the culling of the heard that was supposed to happen gradually along time will happen suddenly all at once.

>> No.15864989 [DELETED] 

Fuck pensions, seniors should be supported by their children not the state

>> No.15865052

>>15864836
Absolute state of /biz/. You know nothing about the current system. Welcome to a economy build in debt. Debt equals more money.

As >>15864928 stated, nothing will happen. Another round of QE and another round of recession. Nobody cares.

>> No.15865092

>>15864928
>>15865052

Dollar finna fail this time around, why do u think it's "largest expansion in USA history?" Yet the economy broke in 08 and it's been obscene what central banking has done since.

>>15864968
Good post.

>> No.15865182

>>15864836
good thing since the money isn't real any tied to it is also not real.

>> No.15865255

>>15864836
>state debt bad
look up japan's debt

>> No.15865477
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15865477

>>15864836
That's not going to happen. I've seen the Boomer memes on Facebook. They're not going to stand for it.

>> No.15865751

back in the 1920s and 1930s a loaf of bread cost a nickel. nowadays it costs 2 dollars. by the time we actually have to pay this bill, bread will be $80 naturally and at that point the amount will seem less big

>> No.15865923
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15865923

>>15864836
See
>>15847198
>>15847252
>>15851511
And also
>>15852509
>>15857667
>>15857962

>> No.15866042

>>15864836
So what if we have 20 million in debt .
We owe the debt to ourselves right?
Am I missing something here?
OP a larpie faggot

>> No.15866068

>>15866042
>million
the fed is not american govenrment property

>> No.15866070

>>15866042
Trillions, not millions.
We owe it to other countries, that's the problem

>> No.15866087

>>15866070
What is a trillion? like 10 million!!
What country did we lend it to?
Why won’t they pay us back ?

>> No.15866095

>>15866070
>We owe it to other countries
no need to be vague, just say israel

>> No.15866132

>>15866087
a million million (1,000,000,000,000 or 1012).

>> No.15867158

>>15864836
>You know the US has $22T in debt
Irrelevant variable taken by itself.

>but did you know there is $126T in unpaid liabilities
Liabilities denominated in what? USD? All those liabilities can be meet at any moment.

>>15866068
The Fed has to play ball when congress acts. Any "independence" is illusionary. The Feds not in the drivers seat.

>> No.15867238

>>15866087
Borrow you mean. China exports commodities and saves in USD. You could say they have a nice big savings account at the Fed. America is "borrowing" USD from foreign nations like China to "finance" itself. Instead of China spending they sit on their USD savings because of their security. If the debt to foreigners were "paid down" USD would disappear from the international financial system and people would need to find alternatives.