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/biz/ - Business & Finance

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54824590 No.54824590 [Reply] [Original]

Could somebody explain this to a tard?

>> No.54824596

>>54824590
May 31st they'll announce raising the debt ceiling after coming back from a 3 week vacation

>> No.54824597

Do you know what a debt default is?
What is there to explain?

>> No.54824613

>>54824590
i'll never forget when janet yellen was puke burping up to the podium saying that the instruments that lessened previous recessions were now fully exhausted. they sold our country in exchange for a handful of magic beans.

>> No.54824620

america is now a smoldering ruin and once the boomers go to heaven the ashes will blow away

>> No.54824626

>>54824590
you're looking at one of your own kind in OP's image

>> No.54824628

>>54824590
It's political theater, don't waste your time worrying about it.

>> No.54824634

>>54824590
Hello newfag, the real people that run the country would never let a default happen. They benefit from keeping the system running. So this whole running around with your hair on fire like anything is going to change are being real beans new

>> No.54824642

>>54824590
We're in a shit pushy economy now boyo

>> No.54824670

>>54824590
I actually feel bad for this old demented Keynesian trained Jew lady. She’s the result of Ivy League economic ideologues that are too stupid to realize that tax and spend has an expiration date when you gut the middle class of everything.

>> No.54824931

>>54824590
This happens all the time and they always capitulate and vote to raise the debt. Why do you think things are so fucked? They'd rather die before they spent less of their people's money.

>> No.54824948

>>54824590
women not as good at math or science. they are care-takers by human nature

>> No.54825051

>>54824590
Q

>> No.54825054

>>54824590
A default means that federal spending would immediately be reduced until it matches revenues. This includes most of
>military/“defense”
>social security
>welfare
>medicare
and literally every penny of all other spending the fedbois do, and it would not come back until the debt ceiling is raised again. Even suggesting it outside of grandstanding would be enough to kill not only your career but also seriously damage the entire party you’re a member of so it will never happen. I’ll tell you what will happen though, because it’s what happens every time
>Republicans make stupid demands in exchange for raising the ceiling
>Democrats say no
>media circus where each side complains about how unreasonable the other is
>11PM before the deadline maybe one of the demands is met but the ceiling is still raised, and McCarthy or whoever gives a grand speech the next day about being able to reach across the aisle and work together

>> No.54825097

Isn't it unconstitutional for the US to default?

>> No.54825105

>>54824590
Imagine you went to a restaurant for dinner and the bill comes. You have no cash but you have $100 million unused line of credit at 3% you can use to pay. However, you decide you know what, I can't take on any more debt. I'm just going to try and commit theft of service to teach myself a lesson that I should cook my dinner at home to save money. That's what the gov not raising the debt ceiling is like as opposite to cutting the actual spending the first place.

>> No.54825138

>>54825097
It’s not a default (directly). They’re doing the equivalent of putting the utilities bill and home mortgage on a credit card, then complaining that the issuing company might not raise the limit again because the balance owed just keeps going up

>> No.54825164
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54825164

>>54825054
Retard

>> No.54825200

>>54824596
Jeez anon, you should use spoiler tags if you're going to post the ending like that.

>> No.54825496

>>54824590
Nothing will happen. They'll raise the debt ceiling like they did during Trump/during Obama/during Bush...

>> No.54826435

>>54824596
Same ole story, same ole song and dance, my fren.
They do this every year.
Republicans are spineless, and will cave, at the last minute, like they always do, and everyone will pretend to celebrate.

>> No.54826496

>>54824590
Printer goes brrrr.
Inflation goes up.
Your value goes down.
Inport more brown people.
House value go up.
Your dreams never come true.

>> No.54826516

>>54825164
>nooo trumps rampant deficit spending that was higher than Bidens isn’t the problem
Back to /pol/

>> No.54826526
File: 56 KB, 759x823, israelisusingus.jpg [View same] [iqdb] [saucenao] [google]
54826526

>>54824620
Dont worry, our well fostered relationship with Israel will save us.

>> No.54826532

>>54824590
mumbo jumbo

>> No.54826546

>>54826516
Zognald is a turd but hes a turd who cut 3 programs for every 1 new spending initiative instead of the 2 he promised in the campaign, its one of the things hes actually known for doing. He cut everything.

>> No.54826639

>>54825164
according to peter schiff clip posted earlier cpi is worthless because the basket of goods is now edited

>> No.54826767

>>54824590
What the fuck does the debt ceiling even mean?

>oh 40T is our debt limit
>What do??
>Raise Limit
>50T Limit


What does this even imply? Wtf is the point of the limit? just raise it to infinity

>> No.54826833

>>54826767
Just print a million dollars for everyone

>> No.54826852

>>54825105
Debt ceiling. Debt. Ceiling. It's like spending $500 on a meal for you and friends when you know your credit card is near its limit and will likely decline. Good thing you're a sociopath who doesn't feel shame when you stick your table mates with the bill.

>> No.54826880

>>54826852
No its not because there are ass loads of people willing to buy gov debt aka lend the government money. Its not you hitting your credit card limit. Its you just deciding your not going to use your credit card after already agreeing to pay a bunch of shit.

>> No.54826892

>>54826767
It means nothing. Its just some arbitrary, self imposed limit so politicians can have this fake showdown every few years.

>> No.54826899

>>54826767
In your example, it would mean printing 25% more money, and thus you own 25% less.

>> No.54826921

>>54826496
>import brown people AND give them free housing

>> No.54826943

>>54826892
This is why it's important to set and approve a fiscal budget. But then politicians can't buy votes through all the pork, corruption, and incompetence.

Not setting a budget is how our reckless diners ended up at the expensive seafood and steakhouse.

>> No.54826944

>>54826880
So we

>keep borrowing money from other nations
>Use money to sent tanks to ukraine
>kickbacks for trannys
>homeless needles
>ships for taiwan
>pay the boomer their social security

meanwhile
>No ones spending
>People lose Job
>New generations refuse to work / not skilled enough to work
>Tiktok backdoor infiltration propaganda


How the fuck is the US going to produce money to pay back the other nations?

>t. economics brainlet

>> No.54826963

>>54826899
SO raising the debt ceiling is bullish for assets?

What does defaulting mean then? If we refuse to pay them back then what? They're not going to out military us. We now just made 40T free by not paying them back.

Also bullish?

>> No.54826975

>>54824596
how do I profit off of this?

>> No.54826986

>>54826944
>How the fuck is the US going to produce money to pay back the other nations?

Currency debasement by continued inflation of monetary supply.

I used to wonder wtf happened when people talked about $0.25 gallons of gas and $0.10 packs of cigarettes.

>> No.54827033

>>54826944
You could end all that and you'd still have to raise the debt ceiling. The outstanding debt exceeds the entire money supply. Because its a stupid, pointless number. The federal government could spend nothing, tax everyone at 100% and still hit the debt limit.

If you want to stop all that spending then congress can just do it directly. It has nothing to do with the debt limit which is a completely made up, arbitrary limit.

>> No.54827037

>>54824590
inbred jews

>> No.54827065
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54827065

>>54824670
Based, correct.

>> No.54827159

>>54826986
>>54827033

>The outstanding debt exceeds the entire money supply.

We're in some deep shit ehhhh

>> No.54827267

>>54826767
congress has to approve how much money the federal reserve can print out of thin air that we have to pay back with real dollars

>> No.54827287

The debt ceiling is unconstitutional

>> No.54827334

>>54826944
>How the fuck is the US going to produce money to pay back the other nations?
KEK Anon, you think the US is the only creating dollars.

Check out the Euro dollar market, it operates mainly out London. Best part is no one know how many they created.

Before you ask why...the US created a dumb law that said they can't lend to foreigners (or something like that) & London saw a way to make money...looks like crypto is going the same way.

>> No.54827340

>>54826944
Oh sorry forgot, nice dubs

>> No.54827835

>>54826975
The Treasury selling assets to generate funding has been positive for liquidity. The Treasury buying assets will be negative for liquidity

>> No.54827876

>>54824590
Why is this countries solution to the debt problem always to create more debt? Wouldnt making an effort to pay it down make more sense?

>> No.54827895

>>54827876
That sounds pretty racist to me. Don't you wan't to expand assistance for all the poor niggers and spics and other nonwhites?

>> No.54827902

>>54827876
>>54827033

>The outstanding debt exceeds the entire money supply.
>The outstanding debt exceeds the entire money supply.
>The outstanding debt exceeds the entire money supply.
>The outstanding debt exceeds the entire money supply.
>The outstanding debt exceeds the entire money supply.

>> No.54827914

>>54826944
Reported to the ADL

>> No.54827961

The US will go door to door confiscating beanie babies and pokeman cards before they default on the debt. This kinds of stupid statements are done to create political pressure to keep the government having to actually make tough choices with how they spend money.

>> No.54827981

>>54827902
Ok and fuck timmy(other countries) gon do?

>> No.54827988

>>54824590
>Could somebody explain this to a tard?

The Jews broke the economy again.

>> No.54828017

>>54824590
Who's this old bag

>> No.54828520
File: 944 KB, 1024x1024, 1651005689931.png [View same] [iqdb] [saucenao] [google]
54828520

>>54824590
bond holders are now bag holders

>> No.54828530

>>54827961
Piece of shit white boomers

>> No.54828541

>>54824613
> they sold our country
it was never yours

>> No.54828577

>>54824590
Evil cannot create it can only destroy

>> No.54828857

>>54826986
dimes and quarters used to be silver. dollars were pegged to gold.

inflation is a way to lower what you are giving slaves for labor without them noticing it

>> No.54828865

>>54827065
that looks like a cool guy that hates orcs

>> No.54828889

>>54827876
>Why is this countries solution to the debt problem always to create more debt? Wouldnt making an effort to pay it down make more sense?

canuckistan had huge deficits and debt. took years of cuts to gubberment gibs to millennials (while keeping them for boomers) to get a balanced budget in the 2000s.
but then a new gubberment and a financial crisis and we are back to deficits and debt.
something similar happen in last days of rome. there was a emperor who tried to gain back territory and fight corruption. he was killed by his own guards.
too many corrupt people want money for zero work. that is why dollars are worthless

>> No.54828912

>>54828530
>boomers

do they really think they can retire, booze up and travel while society collapses around them? boomers are all psychopaths.
they don't care about all the people having their lives ruined by these economic issues. in fact they want the respect given to the wise elders of the tribe for their wise steering of civilization towards collapse

>> No.54828917

>>54826546
Reminder that money printer going brrr started under Trump and the largest increase to the supply of USD in history happened under his watch. Yet somehow, Biden's to blame for all the inflation? Were those trillions of dollars supposed to just disappear into thin air? Quit being a partisan faggot

>> No.54828941

>>54828912
They're literally doing that right now lmao. Even if boomers did start facing some sort of consequences before they die, they would just chalk it up to young people being shitty and lazy and ruining the country which was still "great" back when they were in charge

>> No.54829025

>>54828941
that's what deficit spending is. the boomers started this. it is spending future money in the present. boomers benefited over their entire lives based on this gubberment spending at the expense of kids

>> No.54829196

>>54824596
>May 31st they'll announce raising the debt ceiling after coming back from a 3 week vacation
/thread

>> No.54829220

MAGAtards on the hill are throwing a temper tantrum to try and hurt Joey B going in to election season. Dangerous, dangerous political theatre however I expect an 11th hour deal.

>> No.54829292

>>54826944
stop being antisemitic you fuck.