>$800 billion interest on $31 trillion debt in 2022 >Will be $1.2 trillion this year which is 1/4 of our tax dollars How the fuck can this be sustained?

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Anonymous Sat Jan 28 00:21:08 2023 No.53466341 [Reply] [Original]

>$800 billion interest on $31 trillion debt in 2022
>Will be $1.2 trillion this year which is 1/4 of our tax dollars

How the fuck can this be sustained?

>>	Anonymous Sat Jan 28 00:23:09 2023 No.53466355 >>53466341 Just print it lol

>>	Anonymous Sat Jan 28 00:30:05 2023 No.53466407 >>53466355 This.

>>	Anonymous Sat Jan 28 00:35:52 2023 No.53466458 >>53466341 Cool it with the anti-semitism.

>>	Anonymous Sat Jan 28 00:37:17 2023 No.53466468 its all fake and gay yellen will print a 1 gorillion dollar jew coin to make it all go away stupid goblina paid head rules for thee not for me paid for by the revolving door that employes these peple over and over again

>>	Anonymous Sat Jan 28 00:37:33 2023 No.53466470 >>53466341 1T of interest payments can be paid with a single platinum coin

>>	Anonymous Sat Jan 28 00:38:02 2023 No.53466474 >>53466355 That will create inflation.

>>	Anonymous Sat Jan 28 00:51:33 2023 No.53466591 >>53466474 >debt gets inflated into oblivion Even better. Print more.

>>	Anonymous Sat Jan 28 00:56:04 2023 No.53466652 >>53466591 Just saying. You can either fight inflation or print money to save the government. Something's going to give

>>	Anonymous Sat Jan 28 00:59:08 2023 No.53466682 >>53466652 Inflation is our greatest ally.

>>	Anonymous Sat Jan 28 00:59:32 2023 No.53466685 File: 2.51 MB, 498x493, 6E0A9E1C-F0E7-4B1A-BBBA-DB2A3879461C.gif [View same] [iqdb] [saucenao] [google] >>53466652 buckle up buckaroo

>>	Anonymous Sat Jan 28 00:59:49 2023 No.53466690 >>53466468 Yellen said that she wouldn't print the 6gorillion coin and that it is a stupid idea.

>>	Anonymous Sat Jan 28 01:01:08 2023 No.53466704 >>53466690 how is it more stupid than paying it back with gorillions of paper notes?

>>	Anonymous Sat Jan 28 01:02:29 2023 No.53466710 >>53466355 >>53466341 this you can just print it. there no actual productive work or producs behind it nay more

>>	Anonymous Sat Jan 28 01:03:47 2023 No.53466724 >>53466690 they dont have a choice either print it or a new gove is elected that will becuase the gen pop know they"like moneh"

>>	Anonymous Sat Jan 28 01:04:27 2023 No.53466729 >>53466355 thiss XD

>>	Anonymous Sat Jan 28 01:05:13 2023 No.53466736 >>53466704 No, I think they know making the coin would have worse psychological impact on the dollar than what they have been doing. The memes would be endless. They would do It if they could get away with it.

Anonymous Sat Jan 28 01:08:55 2023 No.53466767
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>>53466341
>How the fuck can this be sustained?
That's a nice country you have there. Would be a shame if you suddenly scuffed from a sever lack of protection and freedom

>>	Anonymous Sat Jan 28 01:12:01 2023 No.53466795 >>53466341 I remember ten years ago when Krugman was saying this was basically free money and the money lenders were stupid, we would never have to pay it back

>>	Anonymous Sat Jan 28 01:15:01 2023 No.53466827 >they dont know both biden and trump have been printing trillion dollar coins and the only thing sitting at the federal reserve anymore is about $25,000 worth of platinum

>>	Anonymous Sat Jan 28 01:18:56 2023 No.53466854 >>53466341 Note true.

>>	Anonymous Sat Jan 28 01:21:06 2023 No.53466880 >>53466690 >>53466736 Basically they prefer smaller steps printing money and taking new debt continously.

>>	Anonymous Sat Jan 28 01:21:14 2023 No.53466883 >retards think government debt/interest payments work the same way as their credit cards LMAO

>>	Anonymous Sat Jan 28 01:22:32 2023 No.53466895 >>53466767 Except you pay us to provide us protection lmao.

>>	Anonymous Sat Jan 28 01:23:48 2023 No.53466906 >>53466355 fpbp

Anonymous Sat Jan 28 01:25:12 2023 No.53466920

>>53466341
It isn’t, look around you. Just because something isn’t burning and on fire and people are in the streets rioting doesn’t mean you can’t see that things are slowly degrading over time. It isn’t sustainable and like a small cut it is slowly being infected move and More over time. Eventually something has to give. Buckle up because this is going to get nuts.

>>	Jealous Sat Jan 28 01:26:04 2023 No.53466929 water fu?

>>	Anonymous Sat Jan 28 03:11:48 2023 No.53467970 >>53466883 Tell that to Zimbabwe

>>	Anonymous Sat Jan 28 03:16:51 2023 No.53468011 >>53466474 Well, they have no other choice. Austerity?

>>	Anonymous Sat Jan 28 03:22:22 2023 No.53468074 >>53468011 Depends what the Fed will do The Fed has the government by the balls. If they keep rates high, the government is fucked.

Anonymous Sat Jan 28 03:23:40 2023 No.53468087

>>53466341
It’s designed to be this way
Everyone here knows about Venice, Phoenicians, Babylonians and how usury is black magic designed to enslave and all of us grew up in this system so it was normalized before we started asking questions
Income tax is illegal and fiat money is theft from savers but that’s the world we live in
I wish more people were redpilled like biz but the aliens control the Jews who control our money
The Old Testament spells this shit out but they call extraterrestrials “angels” and “demons”
Santos Bonnacci is my favorite who goes over this history
But how are we supposed to fight back against 10,000-50,000 years of slavery?

>>	Anonymous Sat Jan 28 03:24:42 2023 No.53468098 >>53466474 Fractional reserve banking creates more money than govt does I’m not in favor of govt spending but fractional reserve is even worse

>>	Anonymous Sat Jan 28 03:26:36 2023 No.53468116 >>53466341 Pay up goy fuck

Anonymous Sat Jan 28 03:28:14 2023 No.53468131
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>>53467970
Zimbabwe wasn’t the reserve currency used globally as a trusted fiat of value. Though the yuan might be that soon enough if OPEC+ begins using that instead like Russia and Iran are. China is slowly taking over South America now also. Give it a decade and trade is the dollar will begin to depreciate enough that suddenly the US using the productivity of less than half the globe to by its own debt with will be a big ass problem.

>>	Anonymous Sat Jan 28 03:29:02 2023 No.53468141 >>53468098 Thats why the Fed raises rates to lower the amount of money created by the banks. But at the same time they are killing the US government.

>>	Anonymous Sat Jan 28 03:29:39 2023 No.53468148 >>53466341 Hmmmmm Where have I seen this chart before?

Anonymous Sat Jan 28 03:31:35 2023 No.53468165

>>53468141
Nice normie tier explanation
I know that’s what they tell us but the truth is the fed still had reserve rates set to 0%
Banks create money when they deem someone credit worthy
That’s it
Raising interest rates allows the banks to make more on loans but they can create the money for the same cost which is 0%

>>	Anonymous Sat Jan 28 03:32:26 2023 No.53468176 >>53468131 Reserve currency is just an "advantage" that keeps the currency overvalued. Its not a free for all, get out of ail card no matter what.

>>	Anonymous Sat Jan 28 03:33:37 2023 No.53468190 >>53468165 Higher rates lower the amount of debt created, you fucktard

Anonymous Sat Jan 28 03:34:50 2023 No.53468198

>>53468176
Yeah but the fact that foreigners hoard dollars allows the fed to print more with less price inflation
You’re right though about it not being a get out of jail free card
High rates on US t-bills does encourage foreign investment in dollar denominated bonds

>>	Anonymous Sat Jan 28 03:36:05 2023 No.53468207 >>53468198 Thats all irrelevant to the topic at hand

Anonymous Sat Jan 28 03:37:47 2023 No.53468226

>>53468190
Don’t be stupid
Money is created according to the credit worthiness of the applicant

What is the reserve requirement at the fed? 0%

That’s the only thing that matters when creating money. How much down does a bank have to put

You’re on biz sticking up for fractional reserve and you don’t understand it
You fucking idiot
By the way everything I say can be checked and I encourage everyone to do their own research

>>	Anonymous Sat Jan 28 03:38:55 2023 No.53468241 >>53466652 Or you could actually, I don't know, cut spending or increase revenue to have a more balanced budget? Then you could reduce the debt and fight inflation at the same time.

>>	Anonymous Sat Jan 28 03:39:11 2023 No.53468244 >>53468226 Absolutely irrelevant

>>	Anonymous Sat Jan 28 03:39:52 2023 No.53468250 >>53468190 >Higher rates lower the amount of debt created imagine being this dumb money is created when banks give loans, with no money down that’s from the fed’s own website

>>	Anonymous Sat Jan 28 03:41:29 2023 No.53468264 >>53468207 >irrelevant >>53468244 >absolutely irrelevant fucking dumbass learn how to debate someone he just made you look stupid with facts that can be verified online

Anonymous Sat Jan 28 03:43:41 2023 No.53468286

>>53468176
>>53468198
Reserve currency status is a ridiculously massive advantage that the US completely fucks up and squanders to fully take advantage of, but its such a retardedly huge advantage the US still benefits massively from it.

The US should have used the reserve status to buy up the entire world's natural resources, safe haven assets like gold, real estate, vessel states. Instead we use it to shore up the generation ponzi scheme, pay for the most inefficient healthcare system imaginable, and run decade long sand nigger extermination campaigns in various deserts across he world.

>>	Anonymous Sat Jan 28 03:43:51 2023 No.53468289 >>53468207 No it’s very relevant The amount each bank puts at the fed for reserve requirements is the cost for creating money Not your stupid interest rate How much does the bank pay the fed? 0 fucking percent at least since 2022

>>	Anonymous Sat Jan 28 03:45:45 2023 No.53468305 >>53468241 Last president to run the country at a surplus was Bill Clinton in his last 2 years The bankers got so mad they did 9/11

>>	Anonymous Sat Jan 28 03:46:57 2023 No.53468319 >>53468289 there is no reserve requirement anymore lol. The fractional reserve ponzi mostly blew up in 2008. Now we have a toddler safe, half retarded version of it.

Anonymous Sat Jan 28 03:50:54 2023 No.53468355

>>53468319
They sometimes raise the reserve requirement for certain banks but yeah last time I checked it was 0%
I think Biden lowered it after Trump raised it
Trump lowered it in 2020 before he raised it while Biden was about to take office
Someone correct me if I’m wrong

>>	Anonymous Sat Jan 28 03:59:13 2023 No.53468429 >>53468355 The fed sets the reserve requirement. The set it to zero during covid. Before 2020 it was 10% and I don't think it changed since like 1992, but not totally sure.

>>	Anonymous Sat Jan 28 04:02:29 2023 No.53468455 >>53466341 >How the fuck can this be sustained? a 3rd World War seems to be what they're banking on (pun intended)

Anonymous Sat Jan 28 04:15:47 2023 No.53468586

The bond market is indicating a Fed reversal this year. There's no way they can keep rates this high for long. Inflation will be simply be sticky for as long as the dollar is around. Hard assets is the only way forward. Maybe we are closer to a currency reset or debt jubilee than we think.

>>	Anonymous Sat Jan 28 06:51:09 2023 No.53469510 >>53466341 rate hike reverals and printing money

Anonymous Sat Jan 28 06:54:53 2023 No.53469533

>>53468586
These high interest rates are allowing people to retire early and live off their savings. A year ago being able to get almost 5% in a safe money market fund was unimaginable but now it's commonplace. This is one reason for all the early retirements and shortage of workers.

>>	Anonymous Sat Jan 28 06:58:22 2023 No.53469552 Not one crypto faggot in the thread. They don't understand concepts like this. They're repulsed by actual economics.

Anonymous Sat Jan 28 09:54:04 2023 No.53470510

>>53469552
I'm retarded, and I have a question. Many of the great reset stuff focuses on 2030, but when you read it, they're really talking about 2070 as their magic doomsday. 2070 is when the malthusites claim the population has to be 700m, or everyone dies. Instead of a debt jubilee, what if the bankstate forced a reverse mortgage scheme on everyone. Through a series of commercial and governmental cajoling you sign over your vehicle and house to use free and clear until you die, when the value is transferred to the state. (The gasoline cars get scrapped immediately) The banks essentially become secured creditors in the federal government's bankruptcy, its presented as UBI, but its all asset transfer. Assetless people are incentivized through debt relief and housing. Within 3 generations the people have surrendered all possessions to the bankstate and are on the dole permanently. Negative interest rates? Why not? There's no retail anymore.

Is any of that feasible?

>>	Anonymous Sat Jan 28 09:59:28 2023 No.53470526 >>53469552 We’re all crypto fags in this thread We’re the only people in the room who understand economics What the fuck are you doing here glowtard

>>	Anonymous Sat Jan 28 09:59:36 2023 No.53470528 >>53468286 Enough with the antisemitism.

>>	Anonymous Sat Jan 28 10:03:38 2023 No.53470550 >>53466341 It can't that's the point. Your country is being sold from under you. Jefferson warned one day you'd wake up homeless on the land your forefathers conquered. Well that day is here.

>>	Anonymous Sat Jan 28 10:18:25 2023 No.53470630 >>53466341 Ukraine just got a nice loan from the US for their war, the same the UK got in WW2 You know how long the UK paid that loan? 60 years

>>	Anonymous Sat Jan 28 10:21:32 2023 No.53470650 File: 67 KB, 720x718, standardnames.jpg [View same] [iqdb] [saucenao] [google] In debt to whom?

>>	Anonymous Sat Jan 28 11:25:01 2023 No.53470962 File: 151 KB, 1752x854, Screenshot_2.jpg [View same] [iqdb] [saucenao] [google] In the 80's half of the government's tax revenue went to paying interest. It hasn't been lower than 20% even at times when the fed funds rate was 0.

Anonymous Sat Jan 28 13:01:27 2023 No.53471411

>>53470510
Federal governments exist to provide two services, defense and welfare. The former is intl control, the former is domestic control. The former has a game theory cap on its reach in regards to other militaries, the latter has no such cap. The logical conclusion is the welfare state swallowing everyone, which will require that no one own anything, as it will then be a defacto communist state.
Notice how even with ballooning debt to pay for welfare, the government on both sides does not want austerity. The people want gibs and thier votes depend on it. The masses want to be enslaved and they will give up thier possessions for their new fednow visa gibscard.

>>	Anonymous Sat Jan 28 13:07:35 2023 No.53471427 >>53468148 We got a ways to go before we reach the top. 2026-27 gonna be brutal tho.

>>	Anonymous Sat Jan 28 13:23:05 2023 No.53471505 >>53470962 >>53470962 >It hasn't been lower than 20% even at times when the fed funds rate was 0. According to your chart it has been lower 99% of time from the 1940s to the 1970s

>>	Anonymous Sat Jan 28 13:32:56 2023 No.53471562 File: 46 KB, 719x540, 1671977379144125.jpg [View same] [iqdb] [saucenao] [google] >>53466355 Checked. There's no way this goes wrong

>>	Anonymous Sat Jan 28 13:35:39 2023 No.53471577 File: 6 KB, 171x225, th (6).jpg [View same] [iqdb] [saucenao] [google] >>53471562 Hyperinflation leading to default. No way out.

>>	Anonymous Sat Jan 28 14:08:09 2023 No.53471801 declaring bankruptcy is the way to go it has worked 100% of the time

Anonymous Sat Jan 28 14:16:45 2023 No.53471872

>>53468286
How do you squander something you're fully taking advantage of. Those are literally polar opposite concepts. The reality is the west must become full of ubi eaters and enjoyers of the labor of the rest or the entire global economy is going down the shitter right into caveman times . I hope you're nostalgic for living in 1800s because this is where we're heading

>>	Anonymous Sat Jan 28 14:20:10 2023 No.53471889 >>53471872 >>53471872 >I hope you're nostalgic for living in 1800s because this is where we're heading I can't wait to buy 300 acres for 400 dollars

>>	Anonymous Sat Jan 28 14:43:21 2023 No.53472035 >>53468241 >cut spending But what about our heckin' niggerinos and Ukranieriinoooos!!~

>>	Anonymous Sat Jan 28 14:47:26 2023 No.53472067 >>53470650 >Bob's Son Dug Nutt

Anonymous Sat Jan 28 14:56:58 2023 No.53472138

>>53466652
>Revert back to gold-standard
>Instruct entire population to redeem their current $ for equivalent gold at the Federal Reserve
>Once they have done that, revert back to petrodollar + fractional banking
>Print quadrillion dollar coin
>Pay off debts
>USD inflated away into worthlessness, but no US citizens are affected as they all hold gold.

>>	Anonymous Sat Jan 28 16:55:17 2023 No.53473146 File: 9 KB, 217x320, 29e.jpg [View same] [iqdb] [saucenao] [google] >>53466458 kek

>>	Anonymous Sat Jan 28 17:15:37 2023 No.53473354 >>53471872 the 1800s were a great time to be alive. what kind of botched view of history do you have?

>>	Anonymous Sat Jan 28 17:26:43 2023 No.53473447 >>53472138 say hi to WW3, and this time one side will be by itself

>>	Anonymous Sat Jan 28 17:34:32 2023 No.53473513 inflation is a made man concept. just print the money and kill poors until we're good again

>>	Anonymous Sat Jan 28 17:57:59 2023 No.53473737 >>53471411 They flirted with socialism little by little, and soon we will get to the point where sides will have to get picked.

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/biz/ - Business & Finance