I don't fucking get it, someone explain to me why everything hasn't crashed yet.
1) Its never going to paid back, ever.
2) Its just more debt that our children/grandchildren/greatgra......etc will be paying back
3) If those two are the case, then wouldn't it follow that there must reach a point where the debtor realises they're never fucking going to see their money, and calls it in somehow? What does the debtor even gain where there is no chance that it can ever be paid back, what are they gaining?
And yes I know the kikes are behind it, but to me it's more important that its happening and there doesn't seem to be an end to it for some reason, I just don't see why its continuing at all. And yes I also know that this is the case for every country in the world, its just that the US is the extreme end of this.
WHY IS THE US DEBT STILL A THING?
The US aint the extreme, Japan is.
Just another way for the kikes to pretend their world order means anything at all.
>"LOOK HOW MUCH OF OUR MAGIC GREEN PAPER YOU OWE US, GOY. WORK WORK WORK WORK WORK WORK WORK WORK!!!!!!!!"
the only way to pay it off would be for the us treasury to start printing money again and to phase the fed out. look up money masters on YouTube. the end of the video explains it pretty good.
Its painfully obvious you know nothing about this topic. On top of that your "points" 1 and 2 directly contradict each other. Back to Wikipedia
be ready and have pic related when this shit starts collapsing.
That's my point, the printing can only happen so many times until you hit hyperinflation, so why hasn't that happened already?
It *has* happened to shit-tier countries like Zimbabwe and Venezuela, so what's propping up the US/other Western countries?
I don't remember claiming to, you fucking retard. My first statement was literally "I don't fucking get it". Reading comprehension.
If the market one country crashes, the countrys that do trade with them also feel the effect.
Plus the US in particular provides military services to allies, pulling the rug on that would undermine that.
kek at OPs IQ
Debt isn’t real. It’s a tool to keep the goyim in wage slavery. Dumbass bong
because if they "called it" it would mean instant droning and millions die.
The kikes have convinced everyone that there's no other way, and debt builds the economy, plus no one wants to die
The debt is still a thing because we pay interest on that debt. I believe it's somewhere near 500 billion at this point, It's projected to be nearly a trillion annually in a decade. Obviously this is not a good thing.
>every country is in debt to each other
>the system will surely collapse!
10 IQ post
Hyperinflation hasn’t happened yet because the dollar is the world reserve. Almost all of the dollars are numbers in a computer going to other countries. It’s also mathematically impossible to pay off and they know it. The entire world is full of debt and everything needs a reset, the problem is the (((rich))) would lose everything if we created a new currency. That’s why bitcoin and all that shit was rejected. They can’t be having that become mainstream.
>>every country is in debt to each other
Calls me 10 IQ while making up shit that I didn't say. Fucking burgers.
>I don't fucking get it, someone explain to me why everything hasn't crashed
The jews won't let it crash. They want to keep everything under control. They would actually push things further if it weren't for our guns and free speech
Maybe if you all stuck together you wouldn't owe so much to the rest of the world.
99% of Japan's debts are internal. It's like a son whom owns debt to their father. It cannot possibly be compared to the Jewish cabal that is controlling the US on made up currency.
>shit that I didn't say
he's quite clearly explaining it to you and not implying you said it. are you high?
>WHY IS THE US DEBT STILL A THING?
this is why
It doesn't matter. It's based on nothing. They can just keep printing it out until all the wealth is transferred. Then they can close the doors and the rest of the world dies off. They wait till the plebs are gone and reestablish their one world hegemony. It'll be complete by the end if this century. Less than a billion people in the world in 50 years.
>1) Its never going to paid back, ever.
>2) Its just more debt that our children/grandchildren/greatgra......etc will be paying back
>Never going to be paid back
>Will be paying back
u wot, m8?
>If those two are the case, then wouldn't it follow that there must reach a point where the debtor realises they're never fucking going to see their money, and calls it in somehow? What does the debtor even gain where there is no chance that it can ever be paid back, what are they gaining?
There is not "one debtor" there is thousands of debtors. And they all are being paid back regularly. The problem is that the fed pays them back by taking on even more debt. So the US government will probably remain in debt for the rest of it's existence but individual debtors do get paid back.
read this, take the democrat criticism with a grain of salt, and then focus on not why but how which gets better later on in this picture
>tl;dr it doesn't matter how high the ceiling is
just the government selling bonds to banks then loaning that money to banks again in the bank's favour to continue inflation and in turn servitude
National debt doesn't quite work like household debt. Basically, as long as you're making the payments each month, no one really cares and they'll keep lending you money instead of saying "hey 25% of your income is going to interest on your debt, you should slow down." Because countries (presumably) will last for multiple lifetimes and (up until a few decades ago) populations grow over time, in the future a country's ability to pay down debt will be higher as there will be a larger tax base. For reference, your country finished paying off the debts from the Napoleonic Wars a couple years ago. It took over 200 years to pay off the debts George III incurred. Not coincidentally those same wars and debts are what lead to the Rothschild family rising to prominence and eventually controlling all central banks. remember, a good parasite never kills its host. The central banks are more than willing to negotiate debt, because at the end of the day they're getting paid billions to sit around and do nothing. No need to rock the boat over a few extra million a month.
having debt is not the same thing as not having money. We're able to accrue so much debt because our earning power/money potential is really high.
Oh, I have a saved post for this
The USA was forecast to collapse by just about every leading economist after it went off the gold standard and started borrowing money. It didn't. Here's the problem with economists: it's not that they're wrong, it's that when they're wrong, they don't tell you why. In this case, they were wrong for a simple and strange reason. When you examine the finances of a business, you ask three questions:
>What's its revenue?
>What's its debt?
>What's its net worth?
Economists judge countries by taking its total debts, regardless of when it falls due, comparing it to one year's revenue, the GDP, and holding their heads while shrieking about the end of the world. You have to take a look at the national net worth to understand that Japan has withstood 25 years of crushing debt, which it should not have withstood, and likewise, the United States has withstood, because they both have an extremely high net worth. Iceland however, with a gross national product of one herring and eve online, wouldn't be able to withstand a much smaller hit. At the end of the day, size does matter. And you can't get away from the fact that the economists who analyze nations are not looking at the whole picture.
Instead, they should look at the structural capability of the nation and cost out the debt over time, which is how debt works, rather than looking at a single year's revenue as the source of the nation's wealth/power. Which is a complex way of saying if I took a look at your bank statements, some of you probably have car loans or mortgages that exceed your yearly income. So if I was an economist, I'd figure you're all bankrupt. But you're not, because you have assets.
And when you bring up this point to an economist, they ask two questions: How can you measure the net worth? And how can you monetize it? Well monetization is easy: you print money, which is a flat tax against everybody. It's not completely exact, there are some things can't be monetized, but it works pretty well. How do you measure it? Well you can generate a value by using the financial formulation for a growing perpetuity given the GDP, the average market return, and the average growth rate. But honestly, it's really not all that important. Drive around the United States for a while, you'll see there's a lot of stuff there. You don't always need a quantitative analysis to know that "Hey, those guys are pretty rich."
All this is to say that anyone who tells you the national debt is something that will lead to imminent collapse isn't telling the whole story. Sure printing currency devalues the dollar. But with 25% of the world's GDP being American, currency manipulation isn't really all that hard to deal with. And if you're that worried about it, you can buy gold or stocks. But the overall point is that the national debt, while not a good thing, isn't something you need to panic over, and should start coming down when the baby boomers die off and their kids (another large generation) are in their 40s/50s and paying taxes on their peak lifetime incomes.
Once the kikes have a good hold in China they will crash it
>The US aint the extreme, Japan is.
>because we're not as bad as the WORST then we're not bad!
What?
No, we're very bad, and extreme. It's nearly 66,000 dollars per citizen to the federal goverment, but most states also have in the neighborhood of 10,000 dollars in debt per citizen. And then there are cities or local government running debts too. And another 58,000 of private debt per citizen.
This country and her people are irresponsible as fuck, and this delicate egg will crack.
Because instead of fiscal responsibility we decided to spend billions feeding brown people from the third world and letting them move here. The jokes on them though, because its THEIR kids and grandkids that will be paying off that debt
1)the debt is paid back, but if they don't have money they just re-issue more
2)it's only bad if the economy enters into recession because of the interest payments on the debt (only expense of it)
3) as I said, the debt is paid back. pretty much everyday there bonds maturing and new ones being issued. so long the people believe this will be the case, then it will continue to work.
japan is extreme but the interest paid on the debt goes back to the population given that they own most of their government debt
>What does the debtor even gain where there is no chance that it can ever be paid back, what are they gaining?
The ability to siphon money out of the goyim forever with usury. If everybody up and decided that the dollar is worthless tomorrow and/or we just decreed the (((debt))) null and void that removes the power they have by controlling the monopoly on its issuance.
Also it's a nuclear option. They can keep this afloat for another 100 years or pull the plug tomorrow based on what's convenient for them to ensure the goyim play along.
The point was that the amount of debt would make it impossible for the coming generations to pay back, so in effect it would be like the world now, we're paying it back while not even denting the debt. I see now that I should have explained it more because there would be Americans reading that.
Well yeah, but if I miss out a few payments on my house, the bank will kick me out of it.
Why is a national debt different?
Probably because they can print money.
Eventually the US will probably default on its debt.
The central banks can't just create money out of thin air and give it to themselves otherwise it'd be pretty transparent that this is a crime. Instead, lend it to Government, let them pay YOU back with interest. The interest is where they make their money, and this number grows larger and larger until nations become zombie countries. Taking out debt just to pay down the interest, at that point the nation has to sell the land underneath it's feet. We saw this with Greece selling off islands and infrastructure to pay back it's creditors. This is literally taking over nations without firing a shot. I'm not fluent in the in's and out's of all the financial instruments, contracts etc. but that's the general idea.
Debt is essentially an instrument of wealth transfer to a private entity that can create debt out of thin air.
Because you and the bank exist in a hierarchic system where your conflict is mediated by a higher authority, and there is no higher authority than the nation state. If the US says "fuck it, we're not paying", what's anyone going to do about it? Ask the UN to attack the US? Hungary did this exact thing to EU banks in 2011. Orban went to the heads of major banks that lent hungarian home owners money for houses and said "fuck off, we're not paying". And nothing happened.
Clinton paid it off. Congratulations Republicans!
Isn't that...wrong?
What the shit is the point of money and economy if a country can just forgive its own debt? It blows the entire point of economy out of the water.
And obama expanded it. It has nothing to do with right or left, they both spend more money than they have. Clinton paid it off because his presidency coincided with the 40s-50s of the baby boomer generation, which is a huge mass of people at the height of their career earning potentials. Translates directly into massive tax revenues. We won't pay off (or down) the debt until the millennials (their kids, another large generation) get to be in their 50s or so.
Obama expanded it because of the War debt and financial crisis. GFYS his plan worked. and Trump has been bragging about the dividends.
>Clinton paid it off.
Clinton increased the national debt by about 33%
Calvin Coolidge was the last president to reduce the debt.
it was 4.4 trillion when he got it, and about 5.8 when he left.
Nice analysis, but the solution isn't to start bartering. The solution is to cancel the debt to the banks (especially because the banks are American banks. We're not voiding our debt with foreign nations with militaries )
whoops, I formatted that wrong
>Clinton increased the national debt by about 33%
>it was 4.4 trillion when he got it, and about 5.8 when he left.
>Calvin Coolidge was the last president to reduce the debt.
>And obama expanded it.
Why are you taking liberal lies at face value?
It was a balanced budget for a few years due to Clinton and Republican leadership under Newt Gingrich.
I was just responding to the point he was trying to make, not the content
Do you not know the difference between the national debt and the national budget?
There was one year where it was almost a balanced budget, only 18 billion additional dollars added to the federal debt.
Every other year was over 100,000,000,000 dollars added to the debt.
Your answer is Gross Domestic Product. Compare the US with the countries you just mentioned and you can see why we still operate.
In fact, we are one of a handful of nations that can completely support themselves domestically. Yet, we do not because outsourcing labor to nations whose people work for cents, is much more profitable for the large conglomerates we are now faced with today.
How is it fixed? Ending the Federal Reserve, and reverting back to a currency backed by something of value. Currently, nearly every country on earth relies on fiat, that is not good.
Newt Gingrich and Mitch McConnell are responsible for the degradation of US politics in the last 40 years. Fuck those two assholes!
read this, a thread from a bit earlier today. might still be up
heh i posted the same thing, but updated version -
Yes, I can read.
It says both. GFYS
Because of pic related, just ignore the Pajeet.
why do we have to pay anything back to anyone? We are the USA. We can do whatever we want. Even if all of the worlds militaries collapsed on the US simultaneously, we'd still have them outgunned.
Uh no, it says deficit, not debt.
lmao
It's a Carrot on a Stick
>I don't fucking get it, someone explain to me why everything hasn't crashed yet.
They don't care about the debt because they only have to service it not pay it back.
Without the Bonds there would be no government. The tax base (obviously) isn't enough to run things as they stand now.
There would be a total shutdown with the bonds
Who is the debtor?
Answer: NOBODY.
Public debt = private assets + private saving + current account surplus.
People who don't understand how fiat money works should be rangebanned.
This isn't Fallout 4, son.
>This isn't Fallout 4
..yet.
same with our debt though. chinese own like a trillion in t-bills though. Big deal that's like 5% of our debt. we owe the rest to ourselves.
>yes I know the kikes are behind it
You answered it yourself. I recommend reading Ascent of Money by Niall Ferguson as an introduction of where (((money))) comes from.
Because even if the principle is never paid back, the interest always is.
>amass a completely unbeatable military
>"you owe us money now"
>"lol no"
>"o-ok"
I used to worry about this shit too, user, but it's never going to matter. Worst case scenario, it seems like we'd see our federal gov't dissolved or some crazy shit like that but no country could ever invade us or take over in any serious capacity. I say keep it going as long as they also keep taxes down. Let's find out what happens.
Ferguson is a crackpot kike. Austrian economists should be killed.
If you want to know where money comes from, read anything by Randy Wray, particular "Macroeconomics in the 21st Century".
This actually means the US gov ows the US taxpayer money
So you don't know that in the context of the national buget the deficit just refers to the difference between spending & revenues? A budget deficit is one where the US government spends more than it makes. Zeroing that out doesn't wipe out the debt, you need to run a budget surplus for however long it takes to pay off.
>pay it back
Defaulting on our debt would destroy a lot of the value of the currency.
In 1998 Russia defaulted on its debt. No military showed up to come and make them service the debt. That's not the issue.
The US debt payments are managable, Obama ran up our debt to gdp ratio from around 55% to 110%, and it's still not that bad, not good either, the US has to focus on growth and get the debt to gdp level down to 55% or even 75% or 65%.
The US is in no danger right now of not being able to pay interest on the debt, fact is we owe the debt to ourselves mostly, I mean china holds not even 2tril in US debt, more like 1tril out 20tril.
In other words, if we maintain 3% gdp growth, cut frivolous spending a bit, the things Trump is doing right now, we'll be in a lot better place than we were after Obama and his crackhead spending.
>Why is the US debt still a thing?
Jews.
>A budget deficit not being the same as being debt free is fake news
hahahahha holy fucking shit
>muh debt to GDP ratio
>believing a meme based on two neoliberal liars and a reckless Excel error
bloomberg.com
Thank you Economist American for making sense of this complex and misunderstood issue. I was always under the impression that I would see a collapse in my lifetime, but now I can rest easy thanks to your wisdom.
>If those two are the case, then wouldn't it follow that there must reach a point where the debtor realises they're never fucking going to see their money, and calls it in somehow? What does the debtor even gain where there is no chance that it can ever be paid back, what are they gaining?
When I transakt 1000$ to your bank account and go below zero, you still have 1000$ that you can now yourself invest. Also the US could pay it back tomorrow - by simply printing money, but if they decided to do that, then the creditors would also lose all their money due to inflation. This is basically a way to create new money without printing it as to not cause inflation. It's a scam from start to finish.
Government is not a business. Businesses don't issue their own currency and don't have the ability to levy taxes.
You should kill yourself for using microeconomic principles in macroeconomic discussions.
You realize that graph disproves your point right? IE clinton's debt to gdp ratio was 60%, not 0% as it would be if clinton paid off the debt.
Fake News
Nobody believes your double-speak anymore.
What you and many others itt don't get is that taxes paid are destroyed, not recirculated. The government doesnt need to "collect" taxes to "pay for" spending. The government's ONLY limitation on spending is the amount of real resources and labor available to create the things the government wants to buy.
>as a percent of GDP
GDP is fake news. You can go into debt and buy military assets to raise GDP, which is what trump has done.
Clinton raised the national debt every single year. over a trillion dollars of debt was created during clinton's administration. We can't pretend like that trillion dollars in debt came from nothing.
Calvin Coolidge was the last president to see any total decrease in national debt during his tenure.
I really hope you're a false flagging right winger because if you're not that's seriously pathetic.
No good. Can't hear you.
Sounds like bullshit....Yeah, it's bullshit.
False Flag, Fake News
You're lying. Whatevs...
Don't call me an economist please. I did nothing to warrant the insult.
The debt does not matter because it is owed to the Jews. When the time comes, we will take care of both the debt and the debtors.
Kek. Based entry level investment banking analyst.
brainlet detected
butthurt economics major who thinks the average position of his degree on a chart correlated with iqs matters detected
the roths are who we owe the debt to. the roths are based out of israel. as long as we are a good dog and defend israel, the roths will keep printing all the money we need. that is why we have had 15 years or so of seemingly pointless war in the mideast. also inflation is already getting pretty bad here.
because congress has a spending problem
Americans are idiots that don't understand they pay interest on their debt. Their interest payments to China covers the entire Chinese military budget.
>roths are based out of israel
The Roths created Israel.
>We can't pretend like that trillion dollars in debt came from nothing.
Then where did it come from?
>implying sociopathy is a positive
No
>owing debt
No, that's just a conspiracy theory. The debt is merely an accounting construct.