U.S. Debt Default

[Anonymous No.54926465]

Honestly, I don't really believe the US government will default on its debt. Republicans, in both parties, will pass a plan to lift the debt ceiling at the last minute.
But I'm not sure what the consequences of a lifted debt ceiling would be.
What would be the effect of unlimited US government debt on the dollar?

[Anonymous No.54926487]

>>54926465
bro, u trippin if u think da US gubmint gonna default on its debt. dem republicans always find a way to pass some plan at da last second, no cap. but fr, idk wut's gonna happen if dey lift da debt ceiling. probz ain't gonna be good tho. u ever heard of hyperinflation, cuz dat's wut could happen if da gubmint keeps takin on unlimited debt. da dollar could end up worth less den a piece of toilet paper

[Anonymous No.54926525]

imagine how childlike one has to believe this made up cartoon buffoonery is remotely real. pretending you dont have enough of something you created, pretending you owe something that can be made in an instant.

[Anonymous No.54926553]

>>54926525
hahaha ya that stupid bitcoin thing sure is dumb

OP I'm sure our government is smart and there is no downside of infinite money. Gotta keep up with the GDP!

[Anonymous No.54926566]

>>54926465
Debt isn't real

[Anonymous No.54926591]

>>54926525
I don't think OP is childlike at all. The meaning behind the image is that once debt becomes unserviceable, you either debase the currency, or default on your interest repayments. Debasing the currency leads to more inflation, which weakens purchasing power. No one wants to hold a currency that is asymptoting to 0 - see Weimar Republic. No one wants to hold US bonds if the interest repayments aren't being paid. This destroys the credibility of the US to borrow money, and the entire infrastructure that has been under it completely crumbles.

[Anonymous No.54926594]

>>54926553
then who is the debt owed to genius?

[Anonymous No.54926601]

>>54926591
I wasnt criticizing the OP at all I didnt even read what he wrote I only saw the title had u.s. debt and default in it so I went on my little tangent

[Anonymous No.54926878]

>>54926594
ur a retard

[Anonymous No.54927920]

>>54926465
we need a debt jubilee

[Anonymous No.54928076]

>>54927920
Wasn't there a "trillion-dollar silver coin program" before?
What would happen if Biden really cleared the debt by creating a few dozen coins?

[Anonymous No.54929286]

>>54928076
It wasn't going to be silver.

[Anonymous No.54929459]

>>54929286
true.

[Anonymous No.54930086]

>>54926878
bet you just get tired of supplying answers don't you

[Anonymous No.54930117]

>>54927920
they're doing that. it's called depopulation.

>b-b-but that's not what i meant

lmao, retard

[Anonymous No.54930137]

>>54928076
If they can clear our debt by minting platinum coins of any denomination, why am I paying taxes?

[Anonymous No.54930234]

wish it would default for maximum chaos option, but the ending will be boring and some deal will go through

[Anonymous No.54930268]

>>54930137
Because the Rothschilds want their cut

[Anonymous No.54930302]

>>54930234
This. “Nothing ever happens” is not a meme.

[Anonymous No.54930390]

>>54926465
It doesn't matter what the US does or Doesn't do. If people simply have no faith in the Dollar no amount of fake ceilings will stop the collapse
Unless through military force, people are going to look at Dollars as junk, which... they are

You can't change perception of something on a whim, in the near future holding dollars will the equivalent of holding a Bud Light can

[Anonymous No.54930419]

>>54930390
that must be an old pic I heard someone worked that rubik's cube in the back last week

[Anonymous No.54930420]

>>54930390
yellow hands typed this

[Anonymous No.54930459]

Its hilarious when the media says shit like defaulting would "cause higher interest rates" or "weaken US leadership overseas" its like saying blowing my head off with a shotgun could stain my ceiling or waste a few dollars for the ammo. A real default would obliterate the US financial system. Only a temporary one might be somewhat recoverable.

[Anonymous No.54930470]

>>54930390
Someone posted a random poll the other day, that said 50% of Americans thought that there money was safe in banks. So, roughly half of Americans know it's a ponzi scheme, yet they play the game, as long as everyone else does. When people are lined up at the ATM to withdraw their money, it's already too late.

[Anonymous No.54930509]

>>54930470
Americans are dumb fucking goys who don't necessarily matter in this equation, they'll inta-trade with each other forever if need be because they have no other options.

The real issue is going to be when you're taking a trip down to Thailand as a sexpest and none of the locals want to take your stinky monopoly bux

[Anonymous No.54930738]

>>54930509
Personally, I'd hope the rest of the world would simply stop accepting the US Dollar, for any transaction.
Just walk away.
It's worthless.
We all know it.
You're just allowing "US" to have control over you, and to starve your people, via sanctions, over pieces of paper that are totally worthless.

[Anonymous No.54930758]

>>54926591
So start a war economy and kill the debt holders, simple

[Anonymous No.54931047]

>>54930738
Ching chang ching 0.50 RMB xing jiang

[Anonymous No.54931134]

>>54926465
>What would be the effect of unlimited US government debt on the dollar?
There is already unlimited debt. The dollar itself is a liability of the same US gov, so its not really debt, because they US is promising to pay some number of units of currency that it entirely determines the value of. When the US sells debt they are just trading long term debt for short term debt.

Its like a store that sold debt denominated in its own store credit, but the prices aren't fixed. The store can sell any amount of this "debt" and just adjust the prices later on so they never run out of store credit. The problem would be if they did this too much then no one would accept store credit because it just gets devalued too much.

Its same with gov debt, gov debt and the US dollar are just the same thing with different duration. If you print too much of either they both become worthless, or if you invalidate one through defaulting on debt, then the dollar becomes worthless as well since its indirectly backed by gov debt.

[Anonymous No.54931150]

>>54930758
what false flag will they use to actually convince people to comply with the draft?

[Anonymous No.54931190]

I cant believe i need to fucking explain this on the business and finance board but here we are. if the deficit as a % of GDP is smaller than the growth of GDP in nominal terms, then debt as a percent of GDP, the measure of the burden of debt, gets smaller.. Its usually bad policy for the government to run a surplus, literally sucks money out of the economy.
We need the debt burden to shrink but we dont need surpluses to do it-we don't even have to not run deficits. Debt as a % of gdp shrank from 1945-1980 and the government had deficits almost all of those years.

[Anonymous No.54931230]

They will absolutely raise the debt ceiling since the debt ceiling is unconstitutional to begin with.