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How the fuck will we pay this debt?
Thread themehttps://www.youtube.com/watch?v=WEMCYBPUR00
>>56181426It doesn’t matter. Everything is fake, it’s in everyone’s best interest to ignore it
>>56181426Just delete it
debt is a meme just take out more debt to pay your debt
>>56181426"WE" wtf anon i am out
we never meant to pay it. the number is so high there is no way to possibly pay it off. we're just hoping nobody says anything until the next guy gets put in charge.
>>56181426WTF is this shit? Didn't they just avoid this like two months ago by allowing themselves infinite money? And now I have to hear about this shit again already? Quick rundown please.
>>56181426They’ll probably raise the debt ceiling again, but until then some departments will shut down.
>>56181426>>56181460Are you guys getting tired? I might head off to bed now, I'm feeling pretty beat.
>>56181426We don't. So long as another bigger superpower does t emerge, the debt is a formality.
>>56181479They sent it to Ukraine and are renting hotels in perpetuity for the 3 million illegals Biden has released into the country
america is under no obligation to pay debt to any foreign country. I am 100% sure Biden will just invade china immediately or any country that complains their bonds aren't getting paid.
>>56181426don’t worry, you can’t actually pay the debt. money is created by borrowing it into existence and we pay interest on it. how can you pay back more money than they printed?
>>56181426Literally just erase it
>>56181426Pay to whom?
>>56181426you pay higher taxes then your parentsyour children will pay higher taxes then yourepeat each generation until the system implodes
>>56181514>>56181548If America defaults on its debt the US dollar would rapidly lose value.
>>56181426Wtf didnt we just do this??
>le month by month no contract unlimited debt budgetWow it's literally nothing and all fake and gay
>we can't afford it now but we will pay it later, pinky promiseThere you go I just explained modern economy for you.
>>56181554>system implodeswhat will this look like?
>>56181593Hitler time
>>56181548>>56181514
>>56181593
>>56181614Due to how hard they went these past 3 years, i am more hopeful for a strong pushback. Still a low chance imho. Americans will never use their guns.
>>56181611
They will continue kicking the can down the road just until most of the boomers pass away as comfortable as possible for the remaining generations be handed the shitstorm with everything crashing down.
>>56181692my exact prediction as well.
You see the 33 is occult symbolism because this entire Game is rigged from the shadows like you wouldn't believe
>>56181709Redpill us. I’m ready
>>56181426By fedposting the yids.
>>56181426it'll never be paid back, they'll keep devaluing the currency while buying up assets, once it's worthless, a new worldwide currency will be ushered in
>>56181641>i am more hopefulYou are retarded then.
>>56181426buy chainlink
>>56181614It's just going to be the great depression again and things will fix themselves as they did before.Society is a living being, a living being that gets old, dies and is reborn. We're in the terminal stages of this cycle, its the natural way of things. All this doom and gloom about the current situation is a result of hyper-awareness thanks to the internet allowing everyone to have more information about what's happening than ever before.Like any living being, society is self-perpetuating. The earth, life itself and the interplay of all things adapts to all problems. No one thing can control the flow of change, only influence it, even then only partially and temporarily. These things have a way of working themselves out.That situation may happen, but it won't be forever.
>>56181426We create currency by issuing bonds, those bonds are sold and them being sold is what backs the currency that is created for those bonds having been sold. Thus it follows that the national debt is representative of the sum value of currency we're still paying for having created, because holders of those bonds receive interest payments based off of the national interest rate which is set by the federal reserve. The majority of those bonds are held by domestic investors, and most importantly, the USD is responsible for 63% of all global trade as of 2022. Global GDP is about 102 trillion for the same year. We service ~63 trillion in trade with 30-something trillion in debt because the old currency is already paid off (everything over the national debt). Nobody wants the US to pay off its national debt in full because it's the most reliable investment vehicle on the face of the fucking planet. Literally if we stopped creating money the entire world would explode and it would end up causing WWIII directly, that is how ingrained the USD is into everything. Every motherfucking thing. >tl;dr - very slowly over time while making more so everyone else doesn't fucking die because they're too goddamn dumb to have a fiat currency under their management.
>>56181426just make a 33T dollar coin
>>56181692>What have I told you since the first day you stepped into /smg/? There are three ways to make a living in this business: be first; be smarter; or cheat. Now, I don't cheat. And although I like to think we have some pretty smart people in this thread, it sure is a hell of a lot easier to just be first.
>>56181691>WTF happened in 1971
>>56181426You never will.You will continue propping up your failed state with bullshit money and other countries will gradually abandon the dollar.You will then attempt to go to war with them out of desperation, which will lead to the entire world going to war against you. WW3 will be the US desperately trying to cling to their empire against the entire free world. You will be getting strafed in the streets by Chinese pilots. Nigerian boots on the ground will tell you to face the wall. Russian tanks will roll through DC blasting monuments for fun. That's how your gay dollar ends.
>>56181516this. Paying it off is simply mathematically impossible. You could take all the cash in the country, empty out every savings and money market account and you would only come up with about $21 trillion. (M2 money supply.) Having this much debt is just an ingenious scheme for bankers to have perpetual guaranted income in interes, by lending a currency that they create out of thin air.
>>56181426We don't. We collapse and let all hell break loose. It's designed to be this way.
>>56181554But each generation is having fewer and fewer children....
>>56181830We got off the gold standard.
>>56181426Make the dollar worthlessez
>>56181488Heil!
>>56181488
>>56181426Just print bro
>>56181426>Print gorrillions of unbacked ASS PAPER>Buy all the gold withe the unbacked ASS PAPER>Force a great reset>Central banks have all the gold>The peasants have unbacked ASS PAPERThe cycle begins again. Don't forget, you're here forever.
>>56181793>reliable investment vehicle on the face of the fucking planet.Nah you fucking retard. You dumb fucking Americuck. Gold, silver, and a bunch of other viable alternatives exist. You fucking Americucks have no imagination. It's fantastic that the Jews continue to corrupt and destroy your mutt society.
>>56181426>33<every single fucking time
>>56181426We don't. We continously issue more and more debt and we pray to God the Eurodollar system continously requires more and more treasuries/USD. The fact the DXY is at 105 means there is a lot of demand for treasuries right now.
>>56183029If you know about the Eurodollar system you know it's broken as a system, as in it broke down again very recently and will continue to implode until it takes everything down. Smart people are divesting away from it as much as possible.
>>56181909This is not such a big deal because fractional reserve banking was already commonplace. It only exacerbated the same problems.
>>56181426>nicole, we need some filler news. where's the national debt at, a round number? $33 trillion? good enough
>>56181426Inflate it away and total boomer death.
>>56183073The printed dollars go into boomer pockets. It's called trickle down economics, you fucking fascist.
>>56181587I guess it worked while population had replacement levels of births and was not ageing.
>>56181426
>>56181426>How the fuck will we pay this debt?You're a slave to the public debt. You're a slave to the government. This is the system. NOW GO GET A JOB AND PAY YOUR FAIR 50% TRIBUTE SO THE DEBT CAN BE PAID YOU FUCKING SLAVE
You all will pay it and if you don't the IRS will come knocking. How's all those Venmo transactions going? They sure stuck it to the billionaires alright!
>>5618142633 you say? Interesting
>>56181426It’s like WoW how each expansion has higher stats. There’s no reason it can’t go up forever.
>>56183128Yeah, there is. Its called Zimbabwe.
>>56183124Imagine an IRS agent stepping onto private property to serve someone papers.
>>56183129You mean Rhodesia
>>56183134The IRS will be armed and they will be using AI to trace crypto bros. Enjoy.
>>56181426>fed prints more>lends to US gov>US gov gives to blackrock>blackrock gives to the companies that will create the most bullshit jobs>unskilled workers pay taxes>government pays interest to fed on loanSo the loan doesn't matter and it'll never be paid off, because it's just printed money, what matters are the interests which are paid through taxes which are paid by people working.So in summary the jew has found a way to get the goyim to work for free.
>>56183147But will jews find the way to keep those goyim reproducing?>inb4 immigrationThat well will run dry eventually.
The debt ceiling has been raised 97 times.The current debt ceiling would be seen as filthy and abhorrent by the people of yesteryear.There is no reason it can't keep going up into the bajillions.
>>56181562>the US dollar would rapidly lose value.hasn't it already lost 98% of its value?
>>56183360It depends what you're comparing it to.
>>56181426Obviously, we won’t. It’s been obvious since we added like 20 trillion in just the last 10 years alone.
>>56181426we don't need to if the economy keeps growing with it. Instead of looking at the debt with an absolute figure you should instead look at the debt to gdp ratio to know how bad it really is. It's still not great but a lot better than anons think it is on here
>>56183139Fuck off copper. Print more money instead
>>56183421How will the economy keep growing with it? Why would it? How would the economy infinitely go up without coming down?
>>56183438Why wouldn't it keep growing? New technologies always come out that make things better.
i will pay it. who do i write the check to?
>>56181426We don't
>>56183438So let me get this straight: The Federal Reserve buy’s government bonds with money created by clicking a button on a computer screen, because the government issues bonds to cover the money they spend that exceeds the taxes they take in. The result is 33 trillion dollars in debt, which costs more than the entire defense budget just to pay interest on the debt, which is saying something considering we spend more on defense than the next ten countries combined. So anyway, the value of our currency goes down due to the inflation the Federal Reserve is creating. But because the money goes to institutional investment, the green stock market checkmark goes up in nominal terms, so everything is A-Okay because new technologies, so why wouldn’t we be able to go more into debt indefinitely?
>>56183421>you should instead look at the debt to gdp ratio to know how bad it really is. It's still not great but a lot better than anons think it is on hereHow is 120% debt to GDP not a pretty fucked situation when most of that debt is close to zero interest and will need to be refinanced at todays higher rates soon?
>>56181426kneepads
>>56183532>How is 120% debt to GDPisn't the traditional "ideal safe zone" supposed to be like 50% ?
>>56181426Total debt literally doesn't matter so long as you're able to make payments on the interest. The bigger problem is actually that those interest payments cut into the government budget.
>>56183503if most of the govt debt is owed to the Fed Res. ( a private bank) cant we just tell the Fed to fuck off and *accidently* drop a nuke on their headquarters?
who cares if we have 33 trillion in debt if we have 33 quadrillion in assets lmao
>>56183559Why do you think there so much corruption of Congress? They own them and they would NEVER repeal the law authorizing the Fed.
>>56181426There was never any plan to pay it off, when they started pumping it they knew it wouldnt ever be paid off.
>>56183532It's bad but japan has been dealing with 250% for a decade now and they're still chugging along so I'm not taking the doomerpill that anons on here are overdosing on.
>>56181426>taxes on avocado toast
>>56183563You're actually kind of on to something. US total weath is about $150 trillion, the current debt is only about 22% of that. Debt is a lump sum while GDP is just a measure of the annual flow of wealth, debt to GDP is kind of a meme if you really think about it. Countries should be measured by the ratio of their debt to total wealth.
>>56181426What happens when no one wants to buy the flood of US debt issuance because they realize that inflation is going to outpace yields... & instead they sell government debt to buy equities & hard assets ....yield has to price discover enough buyers...which will be the Fed ... YCC, endgameIn other words, we’re all going to pay the debt through inflation and devaluation of your capital.
>>56183503It's okay because the deficits the government spends grow the economy and stimulate growth which does lead to technological developments that increase everyone's income which can then be taxed and put towards paying interest payments
>>56183601>he doesn't know about the Lost Decade(s)
>>56181479The issue two months ago was that they had to raise the debt ceiling. Now they need to approve a fiscal budget, which if they can’t, there will be another shutdown. This is why our credit was downgraded, these shutdowns are going to be increasingly common and increasingly drawn out. Good luck to you if you’re a government worker, or count on them for anything.
>>56183019>gold >silverLol lmao even
>>56183421>if the economy keeps growing with it.The underlying nation is shrinking and every barrier people could think of has been erected to slow down technical innovation which could overcome that. We're very likely to see a long term contraction similar to what Japan is experiencing if the current social regime persists long term.
>>56183654That's not from their debt, it's from Japan flying too close to the sun and getting raped from foreign exchange rates
>>56183670It's not either of those things. Japan is going through the low birth rate phase of its secular cycle and that causes the economy to shrink.
>>56183654Japan's debt is a result of them trying to keep their economy going after the 1989 asset bubble popped, and it actually worked until about 1995 when the last legs finally gave out. Japan's economy was fucked before its debt, not because of it.
>>56183611Yes, it was a hyperbole that I used to try to get my point across. Glad I got you thinking. Don't worry so much about the debt and continue to hedge against inflation by purchasing assets that appreciate. There is asymmetrical risk to doing so, because if everything crashes then the dollar is worthless anyway, and if everything doesn't crash, they will continue to print and devalue the dollar while assets will continue to appreciate and hold value relative to the dollar. This is why they keep kicking the can down the road, because we are playing the game of capitalism and the rules have not changed for the past 100 years.
>>56183421The issue is tax receipts aren’t at all keeping up with interest payments for the government. Basically what your saying is analogous to saying well my personal debt is ballooning but my town is doing well economically so even though I’m barely able to service the interest and simply won’t be able to soon, it’s really not so bad.
>>56183670>>56183683The point is that anon claims Japan is "chugging along" despite its debt when everyone in the know knows thats bs
>>56181426Having your US treasuries value inflated away is how the modern empire exacts tribute.
>>56183719If it wasn't for their apocalyptic age demographics they could deal with that much debt in perpetuity. The US has pretty healthy age demographics so it could do what japan did forever without having to worry about it all come tumbling down
>>56183559Feels like Fed doesn't actually have power either.
>>56183766>The US has pretty healthy age demographicsNot if you look closely. The difference between the US and Japan is largely the result of immigration. We're a little better off but we're not "healthy." The reason this is an issue is that immigration at these rates is transformative, the new immigrant group will recreate the ideas of their old country and if there are enough of them the place the immigrate to will become very similar (think of Mexicans in Southern California and Southern Texas.)So the economy will then function and grow in ways it did in the countries these people come from (Mexico and Africa) which still suggests a contraction.
>>56183780>immigration transforms economies and institutions into where the immigrants came fromKek, tell that to all of the oppressed peasants that fled to America to get away from nobility and kings, did they conspire to install a monarchy in america?
>>56183780>>56183809You can side step this debate by looking into demographics of the world in general. Fertility rate is dropping globally and if that trend persists then humanity as a whole will be start slowly dying out at the end of this century. Immigration is kicking the can down the road, in that sense, even if we ignore all other issues that come with it.
>>56181426The "strength" of the U.S. economy was being powered by creating a toxic-nuclear-waste product known as the bond market. It is called leverage. Basically the same value is being spent over and over and over again and the whole thing can unwind in a violent game of musical chairs. Folks, the $33TN bonds have been offloaded onto the masses and you own them in your pensions, your insurance, and your currency/bank deposits. It will blow sky high and so does any "value" you hold that is exposed to dependant on this leverage such as stocks, bonds, real estate, and any insurance benefits you own. Believe it. There is no way for accounting and finance to create free wealth. All they were doing was getting the entire world to buy into an exponential pyramid scheme and they paid their debts with dilution. Exponential functions in the real world require exponential more inputs, resources and labor and will always come to a screeching halt. Nothing about this is confusing or unknowable to any one. A freshman in algebra could tell you this. This was a lawyer-financial scheme to transfer property rights to the 1%. And I don't think they are all that confident they will be able to pull this off without losing political control of the country.
>>56183809>did they conspire to install a monarchy in america?sadly, no
>>56181488Now those are some digitsSleep tight anon
>>56181562doubt
>>56181426taxesliquidating degenerates on the stock marketpension ponzi schemesocial security ponzi schemeforeign warFirst one is collapsing cause of crypto and tech companies bypassing state institutionsSecond one peaked in 2021 with reddit stock gambling and ethereum/bnb shitcoin gambling on CEXesThird one is crumbling to tech companies using crypto and not paying dividendsFourth one is a decaying fraudFifth one is impossible past 2016 without shooting the entire fiat system in the head
>>56183559>>56183564>>56183771You were not supposed to figure that one out>>56183127Stop noticing things
>>56183993Muh the fed must be independent so it can keep fucking over the peons and they won't demand Congress repeal any and all of the statutes authorizing it.
>>56181426Raise the income tax rates to at least 49% for the top percentile And up to 42% for the 2nd percentile. 33% for the 3rd percentile. Eliminate the taxable maximum for payroll taxes for Social security. Decriminalize marijuana at the federal level and for the states that legalize it impose some federal sales tax for it to generate another 10 billion in revenue. Raise corporate taxes to 25%. Cut the bloated military budget by at least 20%. Cut all the welfare programs budgets by 3%. Lower foreign relation and aid budgets down by 80%. Lower our national resource budgets by 9%. Raise the age for social security pay out. There’s a start to getting the budget closer to getting balanced.
>>56183154the ponzi is coming to an end, so they need a way for the goyim not to light the ovens back on, so they either need a war or since nukes leave permanent damage they need a depopulation scheme, then when there are only 500 million goys left they can just say oops the banks are hacked then start again.
>>56184450>Raise the age for social security pay out.everything else seems reasonable. but the current age set is already close enough to death
>>56181426>we>>56181548cool it
>>56181426>How the fuck will we pay this debtthe citizen already paid that debt, it doesn't have to be paid again. The higher this figure goes, the more we steal from every taxpayer.
>>56184496stop collecting SS entirelywhatever’s in the pot now, pay out at 50% levels until it runs outwhen it hits zero, that’s it. Sorry boomers, pull yourselves up or otherwise should have planned better
>>56184675>whatever’s in the pot nowlmao
>>56181562I feel like this is never a meaningful argument because what's the alternative?We all use Chinese money?The USD is valuable because it's a meme. And the power of memes transcends all monetary policy.
>>56183099Already obsolete again. Its 1 trillion for this year aloneAnd bond yields continue to rise..
>>56184742It was valuable because Amerca was seen as the successor to the British Empire and a safe pair of hands ruled by laws and honourable men.Now, not so much.
>>56184675not fair to everyone who paid into it for years.if its going to end before the rest of us get a chance to benefit from it. then they need to stop taking money from us for it.and we should be paid back what we put into i, with interest+ opportunity cost.simple as
>>56184960>fairlol
>>56183099>$8.1T out the door over 120 months is just $67.5B/month!lol, lmao
>>56184450>higher income taxes will stop this!>$25.8T of debt that was issued at 0.25%>refinancing at 5%
>>56184932It's valuable because of the Petro dollar.When the U.S. dollar is strong, you need fewer U.S. dollars to buy a barrel of oil. When the U.S. dollar is weak, the price of oil is higher in dollar terms.And even that premise is weak once the US pioneers fusion energy and makes the world dependant on it.It has nothing to do with legacy because the world only cares about growing it's economy and getting rich.Nobody further even cares about "legacy" except inbred Eastern European dying in shithole Ukraine rn. The world is delusional. That's why our dollar means something.
>>56181426oh no not the government shutdownirinothis time the US is finished fr fr
>>56181426T-bills value is negatively correlated with interest rates.Higher rates mean lower interest bearing bonds decrease in value, which can be bought to close out debt. The issue is the run on effect has on the overall economy.
>>56185004>It's valuable because of the Petro dollar.*laughs in BRICS*
>>56181426>33Of course.
>>56185011>Shilling for commie countries pretending to be capitalists.
>>56185021not shilling anything. just saying the facts of reality.
>>56181426How the fuck can anyone consider the US a rich country when they’re trillions of dollars in debt? Sounds like they’re the poorest country due to having the highest debt in the world.
>>56185035You didn't even pose an argument.I could criticize BRICs because either has obvious flaws in it.One being the economic disparities among BRICS members can lead to imbalanced benefits from the group's initiatives. Larger economies like China tend to dominate decision-making, potentially marginalizing smaller members and hindering equitable distribution of benefits.And we all know China likes to get alone with everyone. Upholding it's democratic ideals. ; )
>>56185036>Sounds like they’re the poorest country due to having the highest debt in the world.Doesn't Japan have even more?
>>56185036because the US historically does not default on those obligations, and isn't about to now, either. they will inflate instead, even if it starts destroying GDP.
instead of that 1 trillion dollar coin why don't they just make a 33 trillion dollar coin
>>56185004The reason the petro-dollar exists is because the world saw the USA as a very stable economy which wouldn't fall afoul of the same kind of problems as say any unstable third world shithole would face. That's literally the only reason you become the global reserve currency, stability.Now that's disappearing and your nation is becoming more of a Judeo-Negro failed state the Brics nations including Saudi Arabia and the other OPEC nations are beginning to trade for the time being in their own currencies until a suitable alternative can be found.This will only accelerate into the future, Ukraine has shown the world thar the US is a paper-tiger obsessed with homosexual sex and diversity.Good luck.
>>56185081But that argument can be extrapolated to either side.If anything we will see a divide between both the east and west in its jockeying for control of the global reserve currency.Indeed, BRICS hasn't even actually established a currency yet to back up its cold war hype.It's too soon to say that anything will be "replacing" anything else.The USD isn't going anywhere as much as China wants that to be reality. But the US still has time to adapt because by the looks of it neither side is winning Ukraine because Russia's economy is destroyed via the sanctions.Even if India is being used to cover up that reality. Putin is buckling, but Xi will be the real winner.
>>56185050the same could be said about US Petro dollar system and US foreign policy in general.not cheerleading for Reds. just saying. BRICS is a natural result brought about by the abuses and unfairness pushed on the world that has existed since after WW2 by the petro dollar system and the foreign policies of the Western countries.
>>56185081>Ukraine has shown the world thar the US is a paper-tiger obsessed with homosexual sex and diversity.If anything it showed that Russia is a dire situation, they might have won parts of Ukraine, but most of Ukraine is lost to them.
>>56185113>just saying. BRICS is a natural result brought about by the abuses and unfairness pushed on the world that has existed since after WW2 by the petro dollar system And I believe that to be a moral argument.Monetary dominance doesn't care about morality or fairness but geopolitical practicality. The world doesn't seem ready to embrace a Chinese takeover, even due to the internal instability of China's economy.It uses USD because that's what it always used. But Americans should not take that for granted because Russia is China's servant.It just doesn't know it yet.
>>56185114Why do you think they would want Ukraine? Is Ukraine an enormously successful country? Do you think that the UK wants Northern Ireland?Ukraine is a money sink like most third world backwaters, Russia has enough problems without taking on millions more people.This war was never about Russia wanting Ukraine and only ever about Russia needing to take action over the genocide of Russian speaking Ukrainians and chemical weapons laboratories being built close to their borders.The whole "We're going to rebuild Ukraine after the war!" is just another money laundering scheme to separate Western taxpayers from the money.>>56185111But de-dollarisation is happening whether you like it or not. I do agree that the solution will not be found in any of these nations releasing their own currency for the same reason that the US is no longer a suitable candidate for the reserve currency. They are not trustworthy or stable.The solution cannot be in fiat.
>>56185137>a moral argumentwell one might argue from the basis of "morality" whether well based or not, idk.not my angle with this at all as i am certainly not be proclaiming the Reds have a moral high ground from their history either. not my point. but again. just saying, BRICS is there and there are many causes for its member states/subscribers to seek it out as an option. the hows and whys are many i'm sure.even without BRICS, we know some countries are already major trading internationally in their own currencies in abject opposition to the use of the US$ regime.these two phenomena go hand in hand and the impetus for them stems from the same sources.as far as the imbalance between China and other smaller foreign economies, one only has to harken back to the days prior to the current form of "Global economy & trade" and current organized foreign trade & international monetary exchange policies to see, there was a time when countries with complete different currency units and systems did in fact trade everyday all around the globe and they did it one way or another, with out the need for the globohomo petrodollar.i think it could be important to remember that. Integrational trade has been around far longer than the current petrodollar system so to argue from the standpoint that "there will always be a petrodollar" is a faulty stance.
>>56181454that cant be the thread theme considering the interest rate its literally the opposite
>>56181426It's priced in.
money is fake and gaythe only thing that matters is having jewish bankers on your side
>>56185291>money is fake and gay>the only thing that matters is having jewish bankers swinging from the end of a rope*ftfy
>>56185163>But de-dollarisation is happening whether you like it or not.Very, very slowly. Also, there's a few separate issues with "de-dollarisation", one of them is about using a different currency for trade so they can't be sanctioned and cutoff from SWIFT, and the others are about what to keep as reserves and what currency to take out loans in. Most countries would like to borrow in their own currency, but half the BRICS have shit credit and nobody trusts them not to print their debt away. I don't see them coming up with a real organized solution anytime soon, just a bunch of small individual trade agreements between each other.
Just tell the guys at the national treasury to stake $KAVA and sling shitcoins. It's literally that easy, bros.
US is debtmaxxing for growth then gonna say wtf are you gonna do about it to the world
annex canada, easy 5 trillion day 1legalize and tax all manner of drugs. 2-3 trillion over 5 years raise tariffs on luxury items and cosmetics another trillion on top of the drugsderegulate semiconductor manufacturing in the US and escalate tariffs yearly.Create a new department of technology whose first mandate is to inject cash into domestic semiconductor manufacturing and protect the IP of US techcompanies that behave in line with a national agenda.direct the doe to stop all climate related regulation and nationalize power delivery.mass deportation and slash ebt/snaptake away child tax credits unless parents homeschool their kids.direct the department of education to force the decertification of any teachers that can't pass a mental health and competency examstop pardoning rappers the next one to murder gets the death penaltyprosecute the opposition under the communism control act.
>>56185644Based and checked. Watch this guy throw a dog out of a sky diving plane.
>>56181504>They sent it to Ukraine and are renting hotels in perpetuity for the 3 million illegals Biden has released into the countryThat's hilarious. Imagine selling the country to Holiday Inn because we have to house the heckin "refugees. "
>>56181793Fact is that this scheme works until the USD ceases to be the world reserve currency. The US is on the decline globally, so when countries half a world away no longer feel obliged to trade in USD rather than anything else and without getting bombed for it in the name of freedom and gay rights, the system collapses in on itself. All those US bonds and US dollars will be dumped back on the domestic markets, crashing both the bond market and hyperinflating the USD. Americucks like me will be fucking finished. It's over.
>>56184960Well, money paid in was supposed to be invested earning principle, but instead congress (borrowed) ie stole it all to spend so there is nothing instead.
>>56183503>>56183644It works out on paper if the new currency is invested responsibly and increases economic productivity but that fact is that it isn't. Keynes was unironically correct which is why this black magic financialized monstrosity has persisted for so long, but without increasing productivity we are leading inexorably towards hyperinflation as more and more new currency is required to service the existing debt, creating a vicious cycle.
>>56183809Irrelevant. The fact is that some races are generically predisposed to industriousness and other are not. For over 50 years, immigration has been skewed towards the latter.
>>56181478the key is to give everyone debt so that nobody dares to do anything about it
>>56181426they won't they'll have to default on it realistically.
>>56185004It's obvious everything you know is from what you read on this site.
>>56181426>How the fuck will we pay this debt?Pic related. The world still needs more democracy and they pay for it with their resources.
>>56185011>Shilling for a trade agreement with precisely one valuable member that is currently in the process of going broke and collapsing, five years before becoming the primary target in WW3Please. Your third worlder status is showing and we're trying to have a serious conversation here.
>>56188014That doesnt sound bullish for the markets at all. Shows you have absolutely no bullish argument left
>>56185252That's true, but m2 money supply has been growing again a bit since April this year.
>>56185163>only ever about Russia needing to take action over the genocide of Russian speaking Ukrainians and chemical weapons laboratories being built close to their borders.lollmao even
Our fake and gay country will just print more fake and gay money with our fake and gay printer
>>56181426They will never pay that debt and this is only the current accounts debt. There's also already ~$150T in undfunded future liabilities that are going to be coming onto the current accounts debt in the next several years, even if they balance the budget and get rid of the definit altogether. (Unfunded future liabilities are things like the anticipated Social Security payments for people that haven't started drawing SS yet, but will be retiring soon.)
>>56181426>33
>>56183449At a certain point you run out of things to modernize.
>>56183611>total weath is about $150 trillionMost of that wealth is in things like stocks and patents, which aren't real indicators of wealth.
>>56183809>Kek, tell that to all of the oppressed peasants that fled to America to get away from nobility and kings, did they conspire to install a monarchy in america?No, they murdered the natives and installed a new government.
>>56184742>I feel like this is never a meaningful argument because what's the alternative We all use Chinese money?Gold.
>>56185036Countries don't follow Dave Ramsey's advice. The game changes when you have a fiat money printer.
>>56181426>payHAHHAHA shut up goy.
>>56181454I was really hoping it was the Mac killer one.
>>56181778Things didn't get fixed after the great depression. America joined in WW2 and used the spoils from the war to launch into Superpower status at the expense of the rest of the western world. FDR made the Federal Government irrevocably overpowered and culture started it's route to degeneracy, debt, limitless immigration and crazy inflation. We've been in constant conflicts and CIA spookery ever since.
>>56181426I have hope. My 4 biggest concerns are climate change, disinformation, Covid, and debt. Well some well trained poltards are having a conniption on the other 3 of their trigger words. Debt is something we can come together on. Hopefully we can pull a Clinton and through bipartisanship balance the budget.
>>56188743
>>56188750Mock away, but if you want to put more old people and minorities on the street to balance the budget, I’m with ya.
>>56181426bro it's already over
Sounds like a YOUropoor problem. Americans will come out on top, no matter what.
>>56181778>It's just going to be the great depression again and things will fix themselves as they did before.It took the US looting both the corpse of the Japanese Empire and all the European Empires after taking advantage of WW2 to do that
>>56181778>Like any living being, society is self-perpetuating. Also, strictly speaking you are either confusing or conflating society and culture. A society can absolutely die and or ossify into something that only foriegn displacement "fixes"
>>56183809>did they conspire to install a monarchy in america?Not him but yes, we call them ethnic unions and gangs
>Americans in the thread are reaching the >"we can just invade everyone else to keep the system going >stage>Meanwhile collective US personal savings are projected to run out by the end of the year.It's so fucking joever, people will be starving within a year or two and then we will get the revolution everyone in the thread was calling for, except it will be a disaster because like the French Revolution it will just be a period of romanticized bloodletting and anarchy pretending to be a country until a despot comes around or warlordism starts
These retarded government shutdowns are always nothingburgers
>>56188946Napoleon crowned himself king right after the revolution so it was a bit weird
>>56181426Money printer go brrrrr
>>56181793I agree but the reason the US is a solid investment is really because of the threat of WW3 and Mutually Assured Destruction. China and Russia might spit every once in a while but no one is ready for the fast quick deaths that ww3 will kick off. And Americans are quick the warmongers when it comes to their money.
Innovations like thesehttps://twitter.com/BusinessInsider/status/1703975721746550817
>>56181793B00kmarked
>>56181426>33OY to the fucking VEY
>>56181426just print more money, is that simple
>>56190719>really because of the threat of WW3 and Mutually Assured DestructionHow much longer before normies like you realize this means WW3 is inevitable now, not that the threat of it will protect the USD?
>>56181426theres no IRS for the US government. Infinite money glitch.
the welfare state will have to end if the clown show is to end
>>56181611>Luxembourg has 300 billions bondsKek, that's like 5 millions per inhabitant
>>56192569Welfare will be the last thing to end because it's the only thing holding this house of cards together. Nobody's invested in the idea of a nation anymore. People only buy into this system to keep what's theirs or to get what's someone else's.
>>56185914>The US is on the decline globally,I would have agreed with you maybe 2 or 3 years ago.But the fact is China is already stalling as we're speaking right now (for the first time in 30 years their GDP is growing slower than the US in absolute value) and their demographic is catching up.The EU is in a mess of its own making (well mostly german making) due to retarded energy policy and now they're binning their own automotive industry for no reason with the ICE ban at the profit of chinese electric cars.South America has completely shat the bed over the last decade.Japan is stagnating and SK also has an enormous demographic problem ramping up.The US is degenerating on a cultural scale but EVERYONE is doing worse or not even catching up on the economic side.I mean look at Russia, the ONLY thing they had to do for NATO to fade away is to do NOTHING. Yet Putin basically reanimated the alliance for another 40 years over some XVIIIth tier landgrab that they managed to fuck up against the poorest country in Europe.Result? Massive win for the american MIC, massive win for american diplomacy in Europe and Asia, massive win for american LNG exports. China now thinking twice about Taiwan too.t. euro
all this is to distract you from going out and talking to girls.
>>56190719us and china cant go to war because there is a pacific ocean between them, it's a total memerussia cant beat even ukraine they're done>>56181426debt is only problem when it's sovereign debt. every country has public and sovereign debt. sovereign debt is not real debt because it's to country's own central bank and you can just roll over new bonds when the older ones mature
Anyone that tries to collect will get bombed or assassinated.
>>56185036The accounting equation means that the person on the other side of the trade sees that debt as an asset. I dropped out of accounting after three weeks of class 18 years ago, so I forget what the equation is.
>>56193091>debt is only problem when it's sovereign debt. every country has public and sovereign debt. sovereign debt is not real debt because it's to country's own central bank and you can just roll over new bonds when the older ones matureYou cant, if you dont want to create inflation, you retarded motherfuckerHoly fucking shit a generation of illiterate morons
National debt literally isn't real. If you owe it to yourself you don't have to pay it back and if you owe it to others they can't make you pay it back.
>>56193091>us and china cant go to war because there is a pacific ocean between them, it's a total memeWe went to war with Germany twice, and there's an ocean between us and them too.
>>56193922Read this, you retarded motherfucker: >>56193766
>>56193922Have fun spending $100 on a gallon of milk, anon.
>>56188885No the americans didn't loot anything but german scientists, it was simply that since every other countries' production of goods were destroyed they had to rely on America to make stuff
>>56181793Or we fucking go to your God damn country and execute 30% of the population a week before the war
>>56181426We don't.That's the whole point.Cause the meltdown crisis.The people will beg for a solution.They will give it to them.CBDC, globally.The enslavement continues, absolute control.
>>56193944That will literally never happen you dumb nigger. Then anyone can become debt free by selling a gallon of milk.
Funny how the thread is stil going and now we have the next one already>>56194554Thats what hyperinflation looks like
>>56196221This. Hegelian dialectic. Problem reaction solution. We’re at reaction. The final doomsday scenario is upon us and there’s no escaping it fags. Just accept that you will feel pain and you’ll be better off in the long term.
>>56196309I wonder, if we can keep the thread going until the next 100 billion within a few days
>>56181426I'm riding out 0% balance transfers til the end of time and I know i'm not alone. Keep rolling that shit over and don't worry about it anons
>>56181426special jew number achieved
Who do we owe this debt to? I've never really understood. It is the Federal Reserve? China?
>>56197615
>>56181426We have ignored debt for how long as a country? Has anything bad happen? It’s just a number for all I care
>>56197648In theory what if a President sent troops to all Federal Reserve buildings and destroyed them and all the records. Then told the foreign countries "you're not getting shit so stop asking or we'll shove nukes up your ass".
>>56197673Thats a default, anon
>>56196796It's not going smoothly. I expect revolts. The population control models all failed
>>56181593>what will this look like?People rioting in the street and the police unwilling to do anything about itBoys deciding to be girls and cutting their dicks offMass exodus of privileged white males from higher education and formal employmentCollapsing native birth rateMajority minority demographicsA third of young men sexless virgins living with their parents
>>56181614Sounds comfy. Big homes make me nervous, and I like the idea of us all being in it together.
>>56197689But if you "default" and the payee no longer exists...how does that work?
>>56197721no yeah i know but i believe he refers like MORE imploded
>>56181641No, the minute Americans use their guns the whole world will know
>>56197738What does it solve, if you have a government addicted to debt?How do you fund a government with a 7% and 2 trilion deficit a year?Noone would lend them money and since they cant pay on their own, everything implodes.
>>56181514That's not how it works retard. The US can either 1) repay the debt from taxes 2) issue more debt to repay the old one 3) print dollars to repay the debts. If the US defaults on the debt like Argentina that is the worst case scenario, US would lose it's reserve status, dollars losing their value, tons of banks going bankrupt, imagine 2008 financial cryisis on steroids. If the US pays it back by taxes little by little than it needs to control spending or raise taxes which is unpopular, if the US issues more debt to pay the old one than it needs people, banks or countries willing to buy this debt and if it prints more money it will cause inflation but the US is lucky as the US dollar is so widely used that it can print a lot of dollars without triggering massive inflation and unlike most countries the US debt is issued in dollars not in foreign currencies so technically the US can always print it's way out of debt but this will push people to dedollarize.
>>56185644Unprecedented levels of antisemitic remarks.
>>56183449The only new technology on the horizon is AI, which will have a devastating effect on white collar and make-work jobs for minorities unless they regulate it into oblivion.
>>56183611That's government debt.US total debt is exponentially larger than the $33T you hear about on the news.>>56183809The King's of Europe were always the puppets and collaborators of the corporations. Those same corporations now control America and both of your political parties. They have done since the early twentieth century which is why you were pulled into both world wars despite them having nothing to do with you.You have as much freedom as the peasants under the rule of the monarchy in Europe did. You are subjects of the Empire.
>>56181426Tax the Boomers
>>56181426The neat thing is you dont
>>56181426Just ignore it, like it doesn't exist, surely this will solve the problem and pay itself?
>>56188743i too support the nation of Isreal, fellow shill.
>>56181426>weyou're on your own, fiatcel
Bot or not. The fact some entity deliberately put together >>56188743 these words into context absolutely proves that evil does exist.
Heh who owns most of our debt? Japan and China.. just bomb em one of em already knows how that goes
>>56181426stop funding wars or just surrender to china in the next world war
WE HAVE THE GUNS, OK?!That's how we'll pay.
>>56188743>non-industrial GDPwhen are you going to learn that air bnb shares can't be calculated into your gross domestic product?same as CRE on retarded rat citiesyou fiatcels are hilarious
>>56181426Load up Fort Knox with 1 trillion in gold.30x the price of gold.Debt gone.Back to zero to start racking it up again before the next great PM Revaluation.Hi-ho!
>>56181469This. Debt max for life
By shutting down the government and devoting the new excess revenue to debt payments
>>56181838Stop. I can get only so erect.
>>56182708Witnessed.
>>56181830>>56181909Freddie Mac as well. Big year.
We're only left with one optionhttps://youtu.be/TRgRz3nSG7o?si=VNUCYv6WmYstz42N
>>56181426We never will. Eventually the dollar will collapse. 30T I'm debt and spiraling
I think the endgoal for them is to take 80000 trillion debt to own everything then start a war to end whatever Goverments and Banks hold them responsible then wipe the debt to 0$.>hey bro when youre paying me 33 trillions back?>lmao you got fooled son, i dont have that kind of money. Sucks for you!
>>56184675>stop collecting SS entirely>whatever’s in the pot nowlol, oh boy he doesn't know
>>56197735did you not understand it, you will feel alone, the comradery one feels in war or extreme hardship will be absent in the grey world of desolation and despair.
am new to all of this, but isn't money just belief in the government ? As long as people trust it or rely on it, like a war against China for instance, the gov can print as much money as it wants ?
>>56181465actually based.at any time we're a couple hundred key strokes away from just erasing all debt.
>>56184675why do people think there's some pot of money? its gone it's been raided time after time. it's paid 100% by what comes in. If 0 comes in 0 goes out. its LITERALLY wealth redistribution monthly. taking 7% of what you earn and giving it to those whoa are in need comrade.
>>56183147No the FED purchases the US bonds in the open market, not directly from the Federal Government. Go back to school.
>>56181426borrow more of course
>>56181611I think it would be very simple over a span of a two-term presidency with consistent financial policy to pay half of what is owed to the Federal reserve system and then fully pay what is owed to local governments and pension funds
>>56181426>he thinks that the crooks who've stolen power over this from the people have any intention whatsoever of repaying this debt
>>56202475You telling me you don't trust reputable people like Dianne Feinstein and Nancy pelosi?