How fucked are we?
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Your country can print dollars. There's no problem
Printing fiat "dollars" is a problem in itself.
Only once it reaches a boiling point.
Sit back, relax, and enjoy things until either the collapse happens or we switch to crypto and mark of the beast.
If I owe someone $10,000 I have a problem. If I owe them $100,000,000 they have a problem.
We are all completely and uttererly fucked. It's mathematically impossible to ever repay that debt.
Printing dollars creates more debt. Every time a dollar is created there is a dollar + INTEREST debt created.
A large % of your tax revenue goes just on paying the interest to the (((central bankers))).
The system can't go on forever.
Almost all of our debt is social services. So we owe the money to ourselves. Also today I learned Japan has 11 tril in debt.
How the fuck is China still so unproductive? Are they still too busy snorting elephant dick powder?
>
(((Debt))) can be absolved
It's possible. Most of it can be repaid in a year.
But the main problem is the corrupt politicians and businessmen. They will never repay the depts because they'll demand the poor pay it all back with taxpayer money.
It is a non-problem, since nothing will be refunded...
The sooner it happens, the better
gold standard gone, what backs the debt then
your body is pledged for debt, debt gets defaulted
on and that means they will come kill people to
discharge debt. that's how fucked we are.
I don't know that much about economics but it certainly seems like a problem. What happens when interest payments are higher than federal income tax revenue?
Money is debt.
To reduce the debt.
Change the money.
If you owe money to yourself, technically speaking you are not in debt
usa #1
This. Why can't faggots understand this simple truth. OP thinks we're on a gold standard and that money only comes from economy. Wealth comes from the economy not money. But faggots like OP don't don't get this because he's infected with the boomer virus.
This, deficit spending is no problem unless we abandon the petro-dollar.
Greenspan was right.
We owe money to private entities and we have to pay interest on that debt. The Federal Reserve is a private bank that we essentially pay to print money. Eventually, they will have to steal more wealth from us than we have to give.
Also, how fucking retarded do you have to be to think we can just print and spend as much money as we want? What is it that makes people this stupid?
The dollar is its self, nothing else.
So if the unit of measurement is a brick that brick can be anything of any dimension.
You see, a dollar is just a dollar its has no other price or measure.
America has always been in debt retard.
The point is that we can print the money to spend on whatever we want. Inflation is a different argument. The point OP is making is that we will go bankrupt on our own currency is a stupid fucking argument.
"We" don't print money. The Federal Reserve is owned by stockholders. When they print a dollar WE have to pay them a dollar+. Eventually the interest will get so high that we can't afford to keep the scam going. WE are already paying $479 billion a year just in interest.
The federal reserve and our govt own upwards of 10 trillion of our debt you ignorant fool. For you to accuse them of stealing wealth is laughable.
Totally.
Our debt will eventually get so high that we will need to take on new debt simply to pay for the interest. It'll all come crashing down within the very near future
Yeah except the federal reserve controls fiscal policy. Where were you during the obama administration when we had 8 years of ZIRP? GO STICK your head back in the sand you buffoon.
How are they not stealing wealth? Every time they print a dollar they transfer our wealth to someone else just through inflation and then we have to give them money for doing that.
How the fuck does Germany have such little debt? Pay denbts you fucking warmongers
Who the fuck is this debt even for?
Do you acknowledge that we can't go broke on our own currency?
>prove my negative
Kill thyself
They know the collapse is coming soon so there's no point paying it off.
The debt is just a record of how much money was spent into the economy. Research MMT.
Depends to who you own money and if you own your banks. Of course you won't pay back the debt, the debt just symbolizes who's your master, since once your repay some debt, new debt grows, you always stick with same master you need to repay.
That depends on what you mean by "broke". We'll have plenty of dollars, they just wont be worth anything.
I didn't ask you to prove anything you fucking retard. I asked how it's not stealing our wealth when they literally steal our wealth through inflation and debt that we pay interest on.
Then they would turn into Zimbabwe 2.0 with a bit paler population
>inflation bad!
>interest rates bad!
Youre literally an npc level retard with a childrens understanding of finance.
>doesn't know money is created from debt
It's called Schwarze Null.
Some fetishist minister refuses to make any more debt, therefore the upcoming generations will be incredibly cucked because nobody is going to invest into them.
Braindead retards like the user you're responding to don't understand the few steps from inflation to wallet which fractional reserve banking and money printing prey upon. This mong thinks we owe money to ourselves when it is our government in debt, as if the government was this magical public entity that wasn't composed of people that have interests. We aren't the government, we don't owe money to ourselves, we owe money that can never be paid back according to the very system in place. It's all a sham, money is meaningless without a standard
>Do you acknowledge that we can't go broke on our own currency?
I guess that whole fiasco that led to the nazis getting into power was just made up.
>inflation good!
>interest rates good!
That level of stupidity is dangerous.
At end of the day all that matters is who has more money, those ones rule.
...someone was asleep at the wheel during econ class. Congress controls fiscal policy. The federal reserve controls monetary policy. You dumb cunt.
>argentina
>not being broke
I'm sorry what? They're actually MAKING MONEY?!?!?
They were paying off war reparations and the standard in those days was gold. We are in a completely different era now. Why do anons like yourself still believe we're in gold standard. Why?
If you owe them $100,000,000, they will after some time say that you can't pay back and start having shares in your corporation, then they will decide what you do. Welcome to America.
its actually twice that number since each dollar printed is actually worth 2. But they can't tell you that or else the scam will be over
Yeah, even WITH GOLD their currency inflated to the point it was less than worthless. Ours lacks the gold backing. Jesus christ you're dumb.
how can some countries rise in debt if the GDP is higher than the debt? I don't get it
>just print even more monopoly money bro
>what is zimbabwe dollara
>what is german gold mark
You and what fucking army?
The Israeli army with American soldiers and the Israeli companies with American workers. At this point you are doing what they want even without them needed to indebt you, since it's their market, you always research the market of what they want, that gives you profit. But you be saying that it's what you want, since you that brainwashed.
Or just hyperinflate the currency so that the debt can paid off easily.
As long as you have a printing press and sovereignty over it, you can easily welch on debts. Your debtors will be pissed, but if you can transition to economic autarky quickly then fuck em, you won't need to be reliant of foreign trade for a long while.
It's okay, when everybody is in debt nobody really is.
This guy gets it. We are the fucking economy.
Debt and inflation are two different monetary phenomena. Zimbabwe printed more money than they needed too which cause inflation. And germany owed money to nations it went to war against.
Because they own it to themselves, they own it to the jewish-controlled central banks.
When everybody is in debt, then you create profit to genocide yourself. What is economic growth and profit is destruction of yourself. Of course you won't even call it destruction once your fingers become black, you will continue calling it success. To be successful is what rulers of system think it should be rewarded with money. Destroying yourself, your nature, your family, your food, is success of capitalism and people who drive such companies are rewarded money.
If i get a credit card, sure i get to control what to use my credit on but the bank is the one supplying the capital and limiting it. Thats what youre missing sir, youve been brainwashed to thi k that the fed is stealing wealth through IRates and inflation (lol) when the real people stealing wealth from americans are the members of congress. This country is literally and unironically run by psychopathic thieves and criminals.
But it's the United States bank.
You can print as much money as you want, won't create any inflation. Inflation is created by raising the price. Rich people have ton of money stored abroad and natively that is never used, just as a reserve.
when you owe the bank 100 dollars, that's your problem, but when you owe the bank 10 million dollars- that's their problem.
>a bit paler
generous
The Federal Reserve isn't a government agency. It's a private bank owned by stockholders.
But if they printed money or stored money in reserve were to entered into the economy it would create massive inflation.
As long as it's a reserve currency backed by OPEC. Which won't be for long.
Tell that to Bernie Maddof
I understand but only the government can make it legal tender.
Nope, still your problem and still your credit rating decimated.
>japan
>public debt to gdp ratio
>259.65%
How
Japan's economy went to the shitter in 1995 and never recovered.
No it won't create any inflation, since market creates inflation. When market aka Bob or John raise prices that we call inflation. Bob and John won't raise the price even if i have 1 trillion dollars printed for me, because they don't know it, which means they don't know that i can pay them that. I hire some intermediary peasant and he buys with 100 different ways like common in capitalism and Bob and John won't raise jack shit since they will think i am 1000 different people.
the entire global economy is fucked, all of our economies are ticking time bombs. at this point who gives a fuck?
You're confusing all inflation with price inflation. When you introduce more of the currency that's automatically monetary inflation. Price inflation is a symptom. In WW2 Germany printed British currency and released it to the British public to destroy their economy for example.
You got assraped already, how about not forgetting that?
The fake kike Banks could not fall, to big to fall in their own law.
The fake kike debt controls America today from asshole to mouth.
MONGUL THREAD
FUCK, YOU RETARDS CAN'T EVEN REMEMBER WHAT YOU DID DID LAST WEEK
All this fantasy debt is to a handful of people. The 0,1%.
Your owners, who own around 80-95% of all wealth on earth. We do not even know exactly at this point.
This is not conspiracy, it's how the system was designed to operate.
The real question is who the fuck are they?
The rothschilds? Get the fuck out, those are way too public. The rothschilds must be very close with one of the people in office though.
Who are the 0,1% the world owns this debt to?
WHO?
Fucking lizards?
Get the fuck out.
No i am not. You should be charging rich people 10000 times more, since they only pretend they don't have the money. They have money in Switzerland if nowhere else or can sell resources...etc. That's why capitalism needs such replacable workers and illegals, since you will never figure out how much money they really have and they can spend it on 100000 different handymen retards working their bones off. Those retards won't raise price, since they have no market power, they will work for little money just to have a job. That's the main problem, that workers have no protection and that workers work many different jobs. It should be permanent employment until end of everybody's life, then rich wouldn't be able to exploit people.
>kekistan flag
>reddit spacing
ebin
>Japan's economy went to the shitter in 1995
1980 to be more correct. Japan still hasn't recovered.
I'm guessing you're a communist since you're economically illiterate and your entire position is based on you being jealous of people having more money than you. If you stopped coveting you might be able to understand that taxing people out of their buisnesses hurts the poor.
Who do you think is about to collect on that debt?
They already do. We're paying $479 billion a year just in interest.
Debt maturities vary, mostly it all just rolls over and will continue to indefinetly. Take comfort and solace in the fact that the ride never ends my friend :)
Communists are economically illiterate, because economy is money and money is private banks. To be economically illiterate means you aren't a retard. Growing negative economic growth is what saves a country from banks. Being profitable means you import more Mexicans. Money is there, you just aren't extracting it from retarded rich people, so you chosen to have debt, while they fuck your wife and all the women in your town, shit in your water supply and enslave you forever. Not my problem you are a retard aka economically literate.
Yes, you are paying as much as you decide. Who do you think can collect that debt from you, should you choose to default?
The Federals Reserve does not print money, it prints debt notes.
The correct terminology is "Fiat currency", which is a debt note.
The Federals Reserve is a foreign controlled private company that creates debt and nothing but debt.
Part of that debt is used as fiat currency. There aren't enough dollars in existence to pay back the FED. Ever.
Anyone who claims the FED is an American money printing machine is your enemy. Most probably a kike or kike sock puppet as well.
The American dream was sold by traitors on that tiny private island.
There is no hope. The world is doomed because everyone is either a moron or too much of a bitch to hurt anyone else's feelings. You can only worry about yourself after awhile.
The US has a huge deficit. Their taxes aren't enough to cover their expenses. So no payments = no debt = no more services.
That's not how it works. The Federal Reserve and the bankers who by treasury bonds are owed the money they loan us plus interest. They won't stop paying them because the scam will collapse.
Federal Reserve doesn't prints money.
en.wikipedia.org
>The Bureau of Engraving and Printing (BEP) is a government agency within the United States Department of the Treasury that designs and produces a variety of security products for the United States government, most notable of which is Federal Reserve Notes (paper money) for the Federal Reserve
It doesn't matters who prints money, what matters is who gets the money and if those who got the money produced anything physical, not some dumb economic positive numbers. USA needs Mexicans because those actually do something, produce something. Rich people and bosses don't produce anything but their wet farts under the office chair.
So what you're saying is if you gas the jews and stop paying for societal leeches, you'd have no problem?
Wow, look at the mental gymnastics of an unhinged communist on full display.
>The Federals Reserve does not print money, it prints debt notes.
>The correct terminology is "Fiat currency", which is a debt note.
That's not what fiat currency means. It's possible to make fiat currency that's not debt.
Use Japan as the canary in the coal mine. At whatever debt to GDP ratio they collapse, we will.
Boss: farts on chair, gets 1 million
Worker: produces a pencil, gets 1 dollar
There's your problem.
Nope.
There'll be an eventual catalyst which will kick off the global race war for dominance in the west.
Minorities can't help themselves, especially with kikes egging them on to browbeat native whites.
There's an ever growing powder keg which will be ready to explode around 2033.