Seems this administration gets a pass on this? It only matters sometimes? What happens when
- Thread starter madppcs
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if you really got down to it it doesnt really matter for the USA
all the money guys get crazy about spending and debt but in reality the only country that the world knows of that will pay back loans and have enough revenue is the USA
debt or not, they still want to put their money here
the only other country that is close is china and they are socialist, so the trust is not there
thats why they are allowed to buy everything because its cash on the barrel head
There isnt one country of significance that is very cash positive...that means its only a paper money
if the entire world could come out and say all countries debts are "0" and the financial markets wont skip a beat
all the money guys get crazy about spending and debt but in reality the only country that the world knows of that will pay back loans and have enough revenue is the USA
debt or not, they still want to put their money here
the only other country that is close is china and they are socialist, so the trust is not there
thats why they are allowed to buy everything because its cash on the barrel head
There isnt one country of significance that is very cash positive...that means its only a paper money
if the entire world could come out and say all countries debts are "0" and the financial markets wont skip a beat
Once a democrat is back in charge, the debt will be a popular topic among republicans again. They'll even go as far as giving strong lip service to the 2A.
When you count the unfunded liabilities the government has racked up(programs funded for the future). It adds up to several times the amount of all the money in any currency on planet earth, do in short we already reached the point where it’s not even possible to pay it back and keep the value of the dollar stable. The good news is the debt is in US currency so at any moment the government can issue about a 100 trillion dollar bills and pay it in full, but the value of our dollar and bonds would sink lower than the Peso. We are passed the point of return.
Awesome! I'll pay off my house in 29 years instead of 30!
I'm guessing you distributed it amongst the strippers months ago.
Didn't he come out and brag that he spent it on midget hookers and blow
because it would make this administration look bad. very very bad.
Where's the Tea Party?
Where's the Tea Party?
We don't talk about debt, because right now we are more worried about having Country worth being in debt for. First things first.
BTW Nancy wants a trillion to bale out her dem buddies. That is why @Maggot has no stimulus. Trump said no.
BTW Nancy wants a trillion to bale out her dem buddies. That is why @Maggot has no stimulus. Trump said no.
I think you misundertand how things work . Its not because of the certainty of paying back loans. As might not really happen, Experience from the 71 shows that is far from certain ,US went bust and then gold reserves out of US were suddenly unavailible and dolar / financial system was decoupled from gold completely.
The only reason for debt not being that important is USD as a world reserve currency, that is the free ride world provides to US, to print money out of thin air and buy products of value abroad for it without spinning into an inflation spiral. Only Country with more of a free ride are the Swiss , their central bank literaly prints money and buys US tech stocks , due to thier reputation for financial stabilty.
The financial system is constructed so that most trade is in USD so that even other countries are forced to buy USD to buy stuff,(oil being the world most traded commodity paid in USD, hence US interest in proping all the Jihadi monarchies of the gulf) , for example EU buys 93% of oil and gas in USD even tough almost none is out of US , that means that demand outside US is big enough for FED printing not the lead to hyperinflation scenario.
Irrespective of US , the more the world economy grows more US can print USD , that is the ultimate free ride that provides you with a great boost of prosperity irrelevant to any merit, work or profit generated in US , total and absolute free ride.
The biggest danger is marketed decoupling from USD in any significant scale ,its is slowly happening but i don' t expect to decoupling to happen to the degree where you would actually need to worry about spending any time soon
But honestly if Democrats were in power runing the same bailout and handout policy as Trump you would be shouting about debt 24/7. Now with Republicans and Trump, conservatives suddenly don't care about debt anymore , 8 years of Hussein presidency they were all on the fence about it.
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The swamp is to deep. Until there is a constitutional amendment with teeth requiring it it won't happen.
The reason we went bust in 71 is because we were backed by gold.
when the currency is backed by a finite item/material it limits the growth potential....no more gold ...no more printing of bills.
and flip side of being backed by a material is if that material is duplicated..immediate worth decrease.
One of the reasons our economy is the size that it is, our money means nothing...as long as we stay the standard as you said.
That is the flip side of Trump's foreign policy slow but progressive decline of USD that has been ongoing for couple of decades now is accelerating fast , nearly 1/4 of the world population is currently under one form of US sanctions, the incentives to decouple the USD are great in many countries, even traditional US allies now trade oil in currencies other than USD, but in the end, the part that really matters is decoupling with China that is one part that might hit the Greenback particularly hard as China is worlds top exporter and more importantly becoming a top creditor, both very relevant to the amount of currency you can print out of the thin air.
they are becoming a top creditor because the US is the top creditor, we are the worlds fail safe.
if china was the "top creditor" there would be more instability because of their monetary policies, and the lack of trust.
its easy to be a maverick when the rest of the team plays by the rules, when every player is a maverick the team becomes a failure
they may get to the playoffs, but they will never win the 'ring"
if china was the "top creditor" there would be more instability because of their monetary policies, and the lack of trust.
its easy to be a maverick when the rest of the team plays by the rules, when every player is a maverick the team becomes a failure
they may get to the playoffs, but they will never win the 'ring"
Both play only by only their own rules , the stupid phrase 'rules based order' politicans like to parrot around is total BS as these rules they talk about are more or less the ones US wants others to play by but itself doesn't.
Chinese debt trap credit lines are for now better than World Bank and IMF debt traps and come with fewer strings attached , both are more or less extensions of US policy ever since their inception, so far US hedge fonds were able to skin a number of countries on that front last one i think was Argentina that US judge forced into a Default with a rather controversial ruling, Latest prey to IMF is Ukraine, we all know who had the last say there (3-4 Ukrainian ministers are foreign nationals straight out of State department circuit) so for now Chinese debt traps are 'softer' than IMFs and the Cabal of Biden Jr, Biden Senior and co. that like locusts descends on any country under IMF boot to rob it blind.
Chinese debt trap credit lines are for now better than World Bank and IMF debt traps and come with fewer strings attached , both are more or less extensions of US policy ever since their inception, so far US hedge fonds were able to skin a number of countries on that front last one i think was Argentina that US judge forced into a Default with a rather controversial ruling, Latest prey to IMF is Ukraine, we all know who had the last say there (3-4 Ukrainian ministers are foreign nationals straight out of State department circuit) so for now Chinese debt traps are 'softer' than IMFs and the Cabal of Biden Jr, Biden Senior and co. that like locusts descends on any country under IMF boot to rob it blind.
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It's also one really good reason why the conflict with China (and a whole bunch of other countries) prolly will never go hot..
Once it does, the legal basis exists to cancel that debt, like it never happened. We wouldn't even need a declared war to do it, either... a civil lawsuit against a foreign government will do. Failure of said government (for example, China) to pay the plaintiff for actual damages (say, from an engineered virus) can be enforced by asset forfeiture such as treasury holdings or real estate (like an embassy building).
Unfortunately, most of the national debt isn't owed to foreign countries... it's owed to us citizens. Social security, despite being critically underfunded, is the biggest chunk, followed by Medicaid.
The worst part about it? The previous administration borrowed from SS and FERS (that's SS for gov't wage slaves) to pay for the expansion of Medicaid and other useless social grant programs like transgender inequality studies and failed state-sponsored healthcare insurance portals.
Barry and the spendocrats borrowed from Peter, Mary and Joseph at credit-card rates to pay Paul, who turned out to be a homeless meth-addict grifter. We got stuck holding the bag for principal and interest on two accounts.
All the sane people complained back then because... basic fucking math. They understood it was a waste of money that was never going to help the economy.
We don't complain that much now because we're spending money to get the economy back on track and put people into the workforce, where they're a net positive. Whack a couple hundred bullshit entitlement programs and we're back in black on the balance sheet over time.
Of course, when the next lib gets elected in 4, 8 or 12 years from now, we go back to pissing money away, so no telling if the national debt ever gets back to a manageable amount.
@madppcs, I hope that helps explain the situation and how we ended up here.
Once it does, the legal basis exists to cancel that debt, like it never happened. We wouldn't even need a declared war to do it, either... a civil lawsuit against a foreign government will do. Failure of said government (for example, China) to pay the plaintiff for actual damages (say, from an engineered virus) can be enforced by asset forfeiture such as treasury holdings or real estate (like an embassy building).
Unfortunately, most of the national debt isn't owed to foreign countries... it's owed to us citizens. Social security, despite being critically underfunded, is the biggest chunk, followed by Medicaid.
The worst part about it? The previous administration borrowed from SS and FERS (that's SS for gov't wage slaves) to pay for the expansion of Medicaid and other useless social grant programs like transgender inequality studies and failed state-sponsored healthcare insurance portals.
Barry and the spendocrats borrowed from Peter, Mary and Joseph at credit-card rates to pay Paul, who turned out to be a homeless meth-addict grifter. We got stuck holding the bag for principal and interest on two accounts.
All the sane people complained back then because... basic fucking math. They understood it was a waste of money that was never going to help the economy.
We don't complain that much now because we're spending money to get the economy back on track and put people into the workforce, where they're a net positive. Whack a couple hundred bullshit entitlement programs and we're back in black on the balance sheet over time.
Of course, when the next lib gets elected in 4, 8 or 12 years from now, we go back to pissing money away, so no telling if the national debt ever gets back to a manageable amount.
@madppcs, I hope that helps explain the situation and how we ended up here.
When I was a young man, we talked about Millionaires... Now in my senior years we talk about Billionaires. Guess that's a good way to look at inflation.
Tyler Perry, newest Billionaire.
www.dailymail.co.uk
Tyler Perry, newest Billionaire.
Once-homeless Tyler Perry is now a billionaire, Forbes says
Tyler Perry, 50, is now a billionaire according to Forbes' calculations, with thanks to the success of owning his own studio and 100 percent of his TV shows and movies.
We're not taking about the national debt because have you looked at the stock market? It's terrific! If we focused on things like the debt, someone might get the idea that we're fucked.
The majority of people don't want to talk about debt because the majority of people are no different from the government. . They spend more than they make and don't give a shit how deep they get or if they ever pay it off !
We live in a country full of financial retards
We live in a country full of financial retards
Insert that Orson Wells clapping like a pumped up lunatic gif.
Conservatism as an ideology in this country, and in pretty much most others, is dead. It's been destroyed by 'gotcha' bullshit and 'owning' the libs. As though that was ever a thing worth doing in the first place. It's a distraction of the masses with jingo bullshit from Fox parading as patriotism while conservatism is yanked off stage like an unloved act on open mike night and replaced with corporatism - your smiling, smarmy overlord who is bolstering and enabling the very means for the USD to be decoupled with the use of globalization. It started with Reagan here, then it picked up steam in banking when they realized they could fuck around and noone would find out with our money on the biggest casinos - the exchanges. Then, in 2009, when, surely, someone would go to jail... nope. because it's ok to be a socialist if the recipient is a hedge fund manager, just not when it's someone ordinary.
We're mad because boys in make up want to piss sitting down in the girl's bathroom and I can only imagine how hard and loud our enemies in Beijing and MOscow are laughing at us while they literally create concentration camps for millions of their own citizens or just roll into their neighbouring countries like it ain't no big thing...
Get used to counting in yuan folks and make sure your kids know how to bow and enjoy bat soup. But hey, at least we got to own some libs on Fox...
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