Real talk: when is it going to collapse?
Real talk: when is it going to collapse?
Aiden Baker
Joseph Howard
It's hard to comprehend the damage Reagan did to this country.
Michael Gray
Any time I'd imagine.
Caleb Ramirez
You mean Wilson right?
Juan Anderson
It started with abolition of the gold standard
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Blake Sullivan
Things were going fine til we started getting trickled on
Jonathan Lee
Don't you believe in Keynesian magic money?
Nathan Bailey
Sometime before the interest payments are near GDP.
Samuel Hughes
Collapse what? Everything already collapsed, they just don't admit it. Things that collapsed: mental state, physical state, nature, race, culture, ownership, food, peace, justice.
Colton Campbell
Only because France started to take all of our gold.
Yeah, Wilson set up all the bulletshit. FDR accelerated it and took all the gold which then France took from us by dumping their US dollars in the 70s. Seriously fuck the French. They dragged us into Vietnam because they threatened to leave NATO if we didn't help them out. Couple the English and French dragging us into WW1 in 1917 over a phony telegram.
Hudson Lee
Whenever the Federal Reserve decides to ramp up it's money printers to purchase more US bonds that no one in the world wants to buy any more. Why do you think China is buying fuck-tons of gold right now?
William Richardson
>Real talk: when is it going to collapse?
once china stops pegging to the dollar
Levi Parker
never dipshit
debt = money. that value represents the wealth of the nation
Dominic Turner
I don't follow American politics. Can someone explain to me, why is debt has increased its grow so much in 2008.
Christopher Howard
>our gold
>our
burgers actually believe this. Almost as funny as when they refer to Goldman Sachs as "our company".
Nathan Thompson
Reagan was when the country was starting to feel the effects of the diversity starting in 65, and boomers went "N-no! It's just the ideas that matter!! Anyone can be American if they love the constitution!" Reagan was the start of civic nationalism and Jewish corporate idolization. Every conservative after has mimicked him, including Trump. Even when Muslims fucking crash a plane into a building neocons thought invading Iraq was a better idea than fucking restricting the immigration of Muslims. Reagan would be proud.
Jose Mitchell
Economists are predicting a """""mild recession""""" in 2020, so I'm guessing around a year or two from now.
Logan Thomas
Because of growing welfare and the expanding (((military-industrial complex)))
Michael Scott
>Real talk: when is it going to collapse?
When the US has to take loans to pay off the monthly interest of the debt.
Ethan Watson
>reagan
Leo Reyes
I mean I'm a moron on a Taiwanese cartoon board so what do I know, but the US debt is a lot healthier and more stable than China and Japan for instance, so you'll probably see them run into issue long before the US.
Jason Rivera
This.
Cooper Harris
John Ross
>US debt is a lot healthier and more stable than China and Japan
>>I mean I'm a moron
at least you're honest
Jackson Roberts
In real life, if a person goes into debt to a loanshark, the interest rate keeps going up and therefore the debt itself exponentially until you're basically just a slave for the rest of your life, just hope the loanshark doesn't put the debt onto your children instead. In this case the West is now the debtor slave and China is the loanshark. The number will keep going up forever until the debtor dies.
Colton Garcia
>just hope the loanshark doesn't put the debt onto your children instead
if your parents signed the birth certificate on the day you were born you became an indentured servant to the central bank:
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Robert Sanders
Liam Powell
Andrew Roberts
Says the Canadian who's government has no gold.
Connor James
When all nations get subjugated to Babylon the Great (Israel). When is that? Us goyim don’t know.
Austin Morris
Sebastian Thompson
"The Creature From Jekyll Island" is on YouTube as an audiobook. I am not a YouTube fan, but I highly recommend this. It is worth listening to.
Benjamin Watson
National debt doesn't matter. Venezuela's debt was only 23% of its GDP in 2017, but it's economy collapsed. Our debt ratio is 104%.
Cameron Anderson
Economies fail for many reasons. Excessive debt is one of them
Easton Hill
I wouldn't expect it from a leaf, but the slightest bit of research into it will show you that actual people who know what they're talking about support that point and back it up with evidence. There is a reason that the US has a higher credit rating.
Japan has the highest debt to GDP ratio of any country currently at over 250%. Certain financial institutions have rated China at an even higher % than Japan, up to 300%. This can't be known for sure since they always fix their numbers, but it's at least much higher than what is reported. China's economy is slowing down, and the tariffs aren't helping. You as a leaf should know this next one more than anyone, a common trend when an economy is becoming unstable is capital flight and this is seen in how people are getting money out of china by buying real estate in places like leafland and the US.
The issue is obviously a lot more complicated than anyone on here is going to be able to accurately predict.
James Martinez
60+ Trillion in Fort Knox in gold. Yet we won't let go one gold bar to get out of debt. What. the. hell.
Lucas Martin
Where the fuck do you get that number? It's worth around 260 billion at current prices.
Matthew White
It's not there, friend.