Is this sustainable?
Is this sustainable?
More than sustainable. We should be at least twice that rn. We gotta bump those numbers up
The Federal Reserve and Treasury have many PhDs and computers. They know what they're doing, big guy.
refuse to work
college is a scam
usd is a scam
crypto crashes stays dead
suddenly cares about geopolitical issues
Is this how Jow Forums becomes SJWs
Buy gold bitch boy
As long as the government keeps paying the interest, sure.
the thing that sustains temporarily is sustainable
What do you think a failed bond auction will do for the markets?
I don't care anymore I'm not even America. I want the levy to break to teach every other nation a lesson. Problem is of course everyone will just blame Trump so whatever. What can you do? These things happen and we're just a history lesson in the end
Yes. Don’t worry about it. Whatever you do don’t buy gold.
We're just a history lesson in the end.
Damn, I agree
according to gold’s shitty behavior today, yes
I'm from 2120. We measure national debt in quadrillions now.
Gold coins will be worth a trillion dollars by the early 2020s
inflates your currency
What’s price Of link in 2120??
FREEE MONEY RIDE NEVER ENDS OP GET ABOARD THE GRAVYYY TRAAAAIN
That sounds like
Yes it is people who get asspained about national debt literally don't understand economic theory. Pretty much every country in the world runs on a deficit. The debt itself doesn't matter, what does is the ability to have confidence that you can make payments so you can take more loans at a less interest rate.
you haven’t been longing us debt x100 leverage?
Never gonna make it
nation with fuck all taxes by 1st world standards
Sustains it's 1st world status through massive debt
Why do taxes=bad, but debt=good? Are americans this dumb?
The debt itself doesn't matter, what does is the ability to have confidence that you can make payments so you can take more loans at a less interest rate.
And the US can't. It makes payments for loans two ways:
Takes out more loans.
Sells promises to give money (bonds) down the line.
US government income is and will be growing at an exponentially lower rate than debt expansion. Anyone who thinks the US can service debt forever is not basing their opinion on fact. US debt is a hot potato, and smart people know and will be the first to get rid of it before it becomes worth nothing as people understand that it is impossible to pay it back without debasing the currency at brazil/venezuela levels. All the current debt the US sells right now is tantamount to promises of paying it back in the future through hyperinflationary minting.