Seems this administration gets a pass on this? It only matters sometimes? What happens when
Awesome! I'll pay off my house in 29 years instead of 30!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.
I'm guessing you distributed it amongst the strippers months ago.Wheres my stimulus check?
I'm guessing you distributed it amongst the strippers months ago.
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
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 its mostly traded in USD so that even other countries are forced to buy USD to buy stuff,(oil being the world most traded commodity) , for example EU buys 93% of oil and gas in USD , that means that demand out side US is big enough for FED printing not the lead to hyperinflation scenario.
Irespective of US , more the world economy grows more US can print USD , that is the ultimate free ride that provides you with 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 actualy 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.
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.
I disagree. I dont think the reason nobody is bringing it up is because there are (more important) things.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.
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.