/biz/ - Business & Finance

>>53290505
> Who the fuck does the US owe money to

They owe the money to the fed because the fed printed money and lent it to the government as debt to be paid back

The thing is that they have to raise the debt ceiling. There really isn't any other alternative. Both parties love debt and love kikes.

>Is there ever an actual danger of hitting this imaginary ceiling that's arbitrarily set to whatever far off number they want it to be?
Nothing actually happens when the government "shuts down"

>>53290505
They mostly owe money to themselves so they can always rise the debt ceiling. They could also tell foreign creditors to fuck off if things got bad and no one in the world could do anything about it.

why don't we pass a law to abolish the fed and simply erase all debt? <~~

>>53290519
so all we need to do is exposé the FED for the international criminal syndicate organization it is. lock them all up in prison for life. seize 100% of their assets down to the last bread crumb in the farthest corner of the earth. give it all back to the actual working tax-paying US citizens. and declare the "denbts" invalid and extinguished.
start fresh.

>>53290540
False. I have a friend who works for the state and he stayed home for like 2 months last time gov shutdown over debt ceiling. He wasn't paid until gov reopened and they gave him like 3% interest.

>>53290519
I'm sorry, if the US says "fuck you" to the FED, is the FED going to roll in with their army of tanks, jets, and nukes to blow up the US? This is where I'm getting confused about what the actual threat is.

>>53290505
>Who the fuck does the US owe money to
pension funds
banks that bought the bond for their balance sheet
central banks that bought the bond for their balance sheet
investment portfolios (boomers)

>>53290628
it's not just the fed, retard

>>53290607
He means for the average normie American citizen you dweeb.

>>53290628
Who is going to want to do business with you if they purchased trillions of your debt and you refuse to pay any interest or principal on it? The US dollar would crash immediately if the US ever defaulted entirely like that.

>>53290607
The longest government shutdown was only 35 days. Only "nonessential" workers were affected and it was basically a glorified vacation because everyone was given back pay.

>>53290628
There's no actual threat. The FED is part of the government responsible for making sure money never runs out.
They'll "borrow" more money from the FED (read: get the FED to print more) to pay off current debt after they bump up the debt ceiling.
The US will never default on its debt because of the FED existing, the risk is inflation if too much is printed, and the dollar is used less overseas.

>>53290505
We should just do what I do. Ignore the debt collector calls and wait 7 years. Works every time.

>>53290956
>Ahh jeez dude... I can do maybe $3?

NOTHING WILL HAPPEN! NOTHING WILL HAPPEN! NOTHING WILL HAPPEN! NOTHING WILL HAPPEN!

>>53290698
Ok but still.

The "national debt" accrued because our government kept stealing money from us and pocketing it. Then they use it to keep us obedient by saying that every new tax or social security adjustment or this or that is because "we must lower our national debt".

It's so stupid. It's fake. They already stole the money from us and they ain't paying it back to us. Just tell them to fuck off with this national debt bullshit. This lady shouldn't even be employed. This is so dumb.

>>53290592
if the 'debt' was repaid, there is no more money. they would have to establish a new system. lol. lmao even.

>>53290505
can't they just abolish the ceiling and be done with it ?

why does no one mention rothschilds
is this board nothing but AI post now

>>53290628
The US is not a sovereign nation, it’s one of many Israeli vassal states. The fed is how the Jewish control and parasite the populations of their host nations. When the cow is milked dry they go find new host states to parasite and leave the one they fled in ruin.

Here is who owns the debt

>>53290939
>the fed is part of the government
False the FED is a privately owned Corporation. They are a group of bankers and not beholden to the government at all.

>>53292293
It’s an independent agency in the executive branch of government. It’s slightly less of a governmental agency than the CIA.

>>53292250
Hey, I own the debt! Where does this Yellen woman live?

>>53292250
Bullish for gold my fren

>>53290505
Whoever issues currency controls all who use that currency. The central banks of the world get to issue currency as a loan meaning more debt is owed than can be paid back. This is how banks get your property and labor if you truly can't pay a loan back. The government gets to perpetually take out new loans to pay old loans. They have never failed to raise the debt ceiling. They won't this time either. This is fear porn for Plebs and a stern warning to any elected people to shut up and take out a new loan.

>>53290505
to the bond holders and no theres no consequence for going over because they'll just print money out of thin air to pay it back. It'll cause inflation but they'd rather have inflation than default and risk no one buying bonds ever again.

>>53291034
>they would have to establish a new system
thats the point. establish a new and sound money system...
after every single one of the FED bankster kike criminals are all hanging from the lamp posts along the city main avenue

>>53292146
But muh fiscal responsibility

>>53292146
>ceiling
Lol

>>53292146
The Jews at the Central Banks like a set of breaks on their gravy train. Weimar Germany didn't have working breaks and they almost lost control over Europe during the Nazi era.

>>53290519
God this financial system is so fucking cringe and retarded

>>53290505
Let me try use a metaphor here.

Imagine you're a high school bully. You beat kids and demands money from them in order to look fresh however, at home sits your drunk 280 pound drunk Big Daddy who occasionally rapes and beats you and your momma as well and he's demmanding money. Big Daddy also knows that your huge commune blunt comes at the expense of poor childs suffering so he'll not hesitate to punch you over that (or so he says).

He would never "murder" you, after all, what kind of father does that? But he'll leaving you bleeding like a cunt.

>>53290588
why don't we pass a law to simply erase all assets?

Limiting the government "debt" started in 1917 during WWI. It could be argued that the debt ceiling made some sense while under the gold-standard monetary system, but under a fiat monetary system, it makes no sense at all--illustrated by the fact that the ceiling has been raised during every administration since Herbert Hoover.

the US budget is not like a household budget--the US government can choose to default, but can never be forced to default. The "national debt" is not "debt" as experienced by households and corporations (currency-users, not currency-creators). The "debt" is a vestigial left-over of the gold-standard system, which functions to drain reserves, control interest rates, support the dollar (by creating interest payments for those who already hold dollars), and is an accounting record of the government spending that has not been taxed back, i.e. dollars left in the economy. It is not borrowing; the government created the dollars in the first place.