Neither party is concerned about America's looming debt crisis

The issue is that no one will lend us the money if they know we will never pay it back. Doesn't matter if anyone comes to collect.

And then we will stop giving them food and F-15's

This is a stupid meme for people who don't understand how modern money works, etc. The debt doesn't matter...

...until it does and then we're all going down in a giant heap of flaming shit together.

Enjoy the ride while it lasts.

>no one trusts the American dollar anymore
>our money doesn't have the trust or value behind it to be used to buy international goods from china anymore including plastic and electronic parts, etc.
>America is forced to quickly become completely independent and self sufficient as China is immediately given the position to increase its global influence and power and wealth.

Even you can see the problems with this, right?

And just who would China sell their cheap crap to? Europe? Muslims dont play with lead toys.

Debt only matters if it's.being collected by foreign powers who can't actually do something

Now can you tell me the percentages of whom the debt belongs to?

You know the majority of products in your household -right now- are Chinese products right?

How would you know? Not everyone buys cheap China crap like you

Thats sort of my point We are their market.

If america was only (and eternally) white, I would be all for socialism. The tumor we know as brown people will forever be a massive drain on all social services to the point where they will be completely ineffective and overpriced. There is a reason scandanavia are the “good examples” of socialism and venehuela are the “bad examples.” Scandanavia is getting wrecked though because (you guessed it) they started letting in browns by the millions. Browns don’t save, they don’t take care of their health, they don’t create, they dodge the system, they only know how to take take take and when you have more takers than producers you have what’s happening in venehuela right now. Socialism is only possible with a 100% white population and that is why it will always be a pipe dream in america where we must accept the jewish system of capitalism because it is literally the best thing we can do with our current (and future) demographic.

>We're only 10 years away from default
Can you speed that up a little, pls? Asking for a friend.

Some buy expencive chinese crap by parts and then assemble locally thus getting a "made in USA" mark

They’ve been saying this since Reagan.

But they have the production capacity whereas we would be entirely left without. They may be missing out on money, but we are missing out on essential parts and products which are integral to our economy and military. We would suffer worse. If you let all this happen because of our debt, you are gambling with many very bad hypothetical positions for America. It's not going to end well.

>"Default"
>The idea that some nation will or CAN call for it to be all paid back.
The national debt is furnished by the sale of US treasuries and bonds which promise a yield.
Its just a yearly payout to the countries that own them.
Most countries that own them use this as a vital source of dollars for exchanges with OPEC or general trade. This is the case with China's massive ownership of US treasuries and bonds.

All a nation can do with these bonds once purchased is to sit on them or sell them.
Any nation attempting to sell them en-mass will just provoke a fire sale, or that the US will purchase them back - which is what happens when a budget surplus occus -
at a lower rate than purchased instantly vanishing debt.
Alternatively, the US could just inflate the currency and inflate away the debt, and put the currency on a closer level to the Yuan for trade.

We wouldn't. The locations are still mostly there, and there's a lot of tooling left around. The knowledge of logistics is something we do very, very well. We just don't have to right now because we can outsource it to Chinese factories where there are no child labor laws and missing limbs don't halt an entire factory for a week. It would require a revaluation of our currency, and a rocky few months to a year. And then it would be like we never missed a beat. Meanwhile, the chinks would have eaten all their dogs and started on the children. China buys our rice now. Think about that for a second. What that means.

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the payment was ~$350b just a couple of years back i think

>who are we paying?

>company depends on electronic components from China to create products
>suddenly must switch to much more costly American products with massive lead time and no recorded history of quality
>must increase price of products substantially with no increase in quality
>customers stop buying
Similar scenario for many different markets. What you are advocating for is a market reshuffle on a massive scale which would lead to any number of hypothetical crashes that make people lose their jobs and radicalize to one extreme or another politically speaking as they seek a way out. I think it would be far rockier than you let on.

Geeee. If only we had a president hell bent on trying to outrun the debt and direct spending to make the country energy, food, water and manufacturing independent from the rest of the world while maintaining our force projection and creating a cooperation sphere in the hemisphere. Man. That'd be FUCKING WEIRD.

The only reason dollar is not under hyperinflation is because most of them are instantly trasnferred overseas to countries who use it
The moment the rest of the world wont take more dollars will be the moment dollars from overseas will start to flood back in and all the products dollars can buy will flow out(because its either your dollars burn up or you convert them into something and only place who will still value dollars is murka), this will be both an inflation and aa actual product deficit since there will be so much dollars with which other countries can buy your shit you wont have enough to offer for this value, it will be even worse if you try to stop this to secure stategic resources, then dollars will start to completely ravage markets that are still free or just burn causing even less faith in the value of dollar and thus accelerating the process of buying up all whats not welded to the floor
Absolute majority of murkan debt is owned by federal reserve anyway, the one to call back your debt will be federal reserve, not some foreign country, unrestricted burrowing is only possible when your budget can cover the timely payments, for this your budget must grow faster than your back payments, if it doesnt it means you do not actually convert the money you burrow into any additional value enough to varrant any more burrowing, which automatically will mean that even if you spread the dollars across the world there isnt enough value anymore to be represented by them, this is the moment dollars will start to lose value and flow back, kicking in the mechanism i described previously

My god. This fucking stupid burger believes scandinavia is as socialistic as venezeula . My god the stupidity . Im leaving this place forever . Fuck you faggots .

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>And just who would China sell their cheap crap to?
Does the phrase "Made in China" mean anything to you

Don’t make Terry do it you fucking nigger.

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I'm happy about that too, but you know damn well that we still depend very heavily on China and other countries for essential trade. We are on the right track, but I think the debt bubble will pop before we are truly self sufficient

socialist elected let it burn socialist destroyed America all in the plan for reset

Nice pic. Just read it, worth the read. I suggest other anons to do the same.

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Agreed, after I posted it, I realized my suggested time was too short. But it wouldn't be decades, and I sincerely mean that. We have lithium deposits. The North Korea stuff is crucial for us, because of their deposits as well on the electronics side of it, and that's why china is really pissed about that whole situation. It gives us a shiny new threat to dangle at them. My point though is more that it won't happen. China flat out can't afford it, because they would go to shit much faster and it's a race to the bottom they would win. We'd be dealing with an unhappy populace in terms of luxury goods. They would be dealing with a starving populace. Their military is unironically no threat to us, because, again, they can't actually risk the golden calf. Even if they could, their "military might" is basically just shadow puppets.

We're in agreement. I see the same inevitable outcome/too little too late. There's always the x factors that economists refuse to acknowledge exist but the odds are certainly against us.

We are the money. The Fed is simply skimming off the top and charging us for our own money. The entire set up is Jewery at its finest.

>there are only two choices: socialists are fine or the debt is the only problem

The US economy can service its debt trivially. It'll get even easier in a year when the Italian debt crisis obliterates the Euro.

>mfw an american was poor near me

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>we still depend very heavily on China and other countries for essential trade
We could close our borders. Stop all exterior trade and just be fine. We don't need the world. The world needs us. Tell us some more of your fairy tales.

Who gives a fuck at this point, its just going to kept going up until something snaps. just sit back and enjoy the rise.

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>looming debt crisis
so, which country has solved this one?

My worry is that suddenly every millenial has to pay ten times more money for their phones and game consoles and they go even further left politically because of course its Trump's fault or some other republican. I think the social unrest would lead to our devastation just as much as the economical, whereas china has control of their populace and is not as likely to be taken down by civil unrest, at least not as quickly as the US. The "capitalism has failed" voices would give rise to socialism, which would weaken us even further.

The developing world

You don't need your phone or car? Don't be an idiot.

Why bother with debt ceilings congress will just vote to increase it anyway.

the debt doesn't even matter, it's all imaginary monopoly money the jews created out of thin air and then loan to us to wage wars for jewish profit and also the jews are profiting off of charging us interest on the loans. just nuke israel and stop pretending the Rothschild's global central banking scam is legitimate and all the debt goes away. then again the last guy who did that was like hitler or something

Doesn't the US sell this debt? Or other countries? Is that a thing?

ridiculous

Yeah they do.

>The US can't make a phone or a car

I remember when the debt was $500B and the exponential graph showed we were going to default at any minute.

I'm weirdly calm about this possibility, because I see it happening even without the debt defaulting. The socialist voices will be those who don't have the strength to be violent, but as you said, they'll sink the boat further with their votes. And truthfully, they're not wrong. Capitalism has failed, because we embraced usury and a debt based economy. As that happens though, there's another group on slow boil, that's starting to grow again. And it only exists in reaction to the exact situations we're running headlong into. I sincerely believe that economic crisis combined with the social aspect of leftist ideals combines, leading to a new rise of the third position. We cannot continue as we have been, and anyone with sense can see that. We've tried it the other ways, and it didn't work. The third position got it's go for a bit, and then they got steamrolled by nations 10x their size. But not before stacking the bodies like cordwood. The storm is coming, and it's close enough you can smell it on the wind. Agreeing or disagreeing with it will be meaningless. It's just the way things go. And personally, I don't try to fight the cycles of nature or man.

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>Car parts from china
>MANY phone parts from China
Yes, the supply would drop heavily.

Excellent redpill.
READ THIS, FAGGOTS.

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I think Trump's mentioned it a few times.

youtu.be/od2N2b51rV4
Ancient civilizations understood that real things like herds and crops grow on an S curve, while debt will inevitably grow exponentially due to the magick of compounding interest.
Theres a theory that Jesus kicked off the debt jubilee that was ending the world at the time.
There is no possible way to ever repay the debt, the game was always rigged, the only way to not die a slave is to not play. The debt must be forgotten, if a handful of greedy demons have to be taken out before they will relinquish power, than so be it.
The elites with their think tanks, have anticipated this, and are investing in migrant warfare, transgenderisms perversions and socialism to keep people divided until they can enact a 1984 style one world government to enslave everyone into neoserfdom to pay the interest on the debt

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good thing no one in the world has a monopoly on making food or jet fighters or else we would be screwed

'44 is an imp. date too. The Bretton Woods agreement, the dollar replaced the pound as the world currency, and following the 'Suez crisis when the US backed down England and France.
Reagan joked about it. "The debt is big enough to take care of itself."

america only has 1.8% gdp growth for the 4th quarter of 2018. trump engineered the shut down and liberals go along with it so they wont be able to post the gdp growth figure officially. all banks and large companies were told

thats why apple said it wont make as much money. has nothing to do with china they dont even have 20% market share in china. the government wont be able to throw them tons of investment money and pretend they are popular. to many quarters passed with apple selling fewer phones. they arent even number 3 globally now. its goes samsung , some literal chink phone and apple now

this web page is updated automatically and hasnt been updated in more than a month

bea.gov/news/glance

china reported their figure america didnt report theirs and i find it funny that the west isnt mentioning chinas gdp growth or the lack of american data on its own

youtube.com/watch?v=O7mnhvLkS9g

>Not true. Republicans haven’t had the chance to do anything about it since 1930.
Republicans could have done something 2016-18, since they had both houses and the presidency. They just suck.

The national debt is meaningless, it always has been.

>no one will lend us the money
We'll never need to borrow money.

Exactly why Russia and China are backing Venezuela's Maduro. The Opposition Leader Juan Guaidó wants to default on the entire debt Venezuela owes Russia and China, which is estimated to be $100-180 billion dollars.

P.S. Venezuela also has the largest oil reserves on the planet

The US Stock Market is worth about $30 trillion. Add up all the privately held real estate and buildings in the US and it's a similar amount. Then there are all the other assets (i.e., not publicly traded stock and not real estate). It total, it's probably north of $80 trillion. And that's not even counting all the shit the government owns and the untapped mineral wealth.

The debt is too big, but we're not exactly broke.