and what are the repercussions to this?
Why do the US and other nations have so much debt?
Julian Reyes
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Jose Allen
Centralized banking. You can thank Rothchild and Rockefeller for that. Each time money is created we go more into debt because we have to pay the intrest on that money that was "produced" We will never get out of debt, and no politician in this country wants us out of debt. When you are in debt you are enslaved to work basically, and work more. Debt is a modern tool of capitalistic slavery. If no one had to work how would billlionaires keep making money?
Sebastian Ortiz
>gibsmedats
Lucas Brown
this guy hit the nail on the head.
the repercussions are inflation and a decreased standard of living for americans. when the debt piles to high we're going to have a currency crisis. our creditors are going to demand payment and the Federal Reserve will print trillions of dollars to pay them. the creditors will use these american dollars to purchase any investment they can; land, stocks, bonds, gold, silver, probably bitcoin and a bunch of other stuff. the supply of dollars will create a feedback loop, as everyone who receives payment in dollars will immediately try to get rid of them by purchasing something else. this will cause hyperinflation, until the cost of stuff is so high that these dollars is virtually worthless; think $1,000,000 to buy a loaf of bread. then the economy will shit the bed, factories will shut down, stores will close, and tens of millions will lose their jobs. the loss of productivity will mean a loss in supply. everyone will have millions of paper dollars taking up space in their house, but since no one in the country is producing anything to buy, the lack of supply will cause stagflation.
After all of this the government will probably try to take even more control. we'll end up in some kind of centralized planning soviet style state. expect to see mass starvation and millions sent to the 'education camps'.
Gabriel Jones
When you have to be world's police force for all of the non-countries, it gets expensive.
Levi Baker
PROTIP: don't try to get your economic questions answered on Sup Forums. Most people here are NEETs or STEM majors that got most of their knowledge of economics from lolbertarian YouTube videos.
Jordan Davis
Rothschild.
Bondage.
Jayden Evans
Can someone please tell me what exactly the arguments in support of centralized banking are? What's a good place to read about the origin of centralized banking that can be trusted?
Henry Martinez
pic related, and also we have absolutely horrible spending habits like an outrageous military budget that is being spent on shit that we do not need (like retarded scifi experiments and mkultra type stuff), and then corrupt government officials like that how the pentagon looses trillions of dollars every few years.
Cooper Richardson
fpbp
Andrew Peterson
The Nixon administration ushered in the end of the US gold standard. The Reagan administration ushered in the modern era of chartalism. We since have been operating under soverign debt as capital. This is explained by post Keynesian economics and outlines its purpose and it's outcomes. Soverign governments spend money into existance, the debt held mostly within the government. No one is owed.
Chase Allen
the debt is deliberate, it's never going to be paid back, the debt is what will be used to force nations to surrender to the N W O
they will forgive debts if you accept their terms and conditions, otherwise you will become like venezuela
but what if everyone just told them to get stuffed and created new national currencies
Isaac Murphy
Depressing...were all slaves
Nolan Torres
veet those forearms
Jace Hernandez
Jews. Capitalism. The American war machine and funding ISIS, Israel and whatever social experiment they want to happen in South Korea before happening in white countries.
And these
National Socialism is literally the only way out of this debt and nationalizing the banks is the only escape which would also cause these bankers and Rothschilds to lose power over the US essentially losing world dominance. You know what they did to poor ol Kennedy when he tried to nationalize the banks.
"If the people knew how the banks worked, they're would be a revolution by the morning" or something like that.
Lucas Phillips
I wonder why
Levi James
Christian Brown
terrible trade deals. we have incompetent politicians making horrible trade deals that hurt the American worker. sad!
Julian Turner
Deficit debt. They aren't related - in any way
Adam Edwards
High spending and low taxes. Our taxes are high in theory but the effective tax rates are much lower. And we spend quite a bit on tanks the army doesn't want and gibs.
This means that the money is taken from the banks and given to Uncle Sam. While that mojey is loaned to the United States, it can't be invested by entreprenuers to grow the economy. So we see lower economic growth abd fewer jobs. Also investing in US debt is quite profitable so don't expect us to hit rock bottom soon.
Isaac Carter
Dont even care. That woman is beautiful.
Who?
Carter Brown
Watch this OP.