National debt is 20 trillion dollars

>National debt is 20 trillion dollars
>There's only 1.4 trillion USDs in circulation

How does this make sense?

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Globalism.

it just works who cares lmao

congrats, you just discovered usury

18.6 trillion dollar is out of the country.

who even owns this debt and how could they collect it?

Don't worry about it friend :)

You only know how much you owe (((them))) based on what (((they))) tell you. No one knows why the amount constantly goes up. Its weird.

usdebtclock.org/

Interest you dumb normalfaggot

Look up "fractional reserve banking" and you'll see how deep the implications are in society. If we didn't have a bank loaning us all of our money, we might actually have a more prosperous society because of it.

You know exactly (((who)))

The Fed owns most of it, that is why there is no physical currency backing it

It doesn't, that's the point

This
Most of the US debt comes from failing trade policies with china. Not meaning the trade deals are failing, just that they aren't pro American.
Who knew raising the debt ceiling didn't matter. Better go tell congress they're wasting their time.

Not an economist, but from what I understand:
- Some of it, as you said, is already in circilation.
- Some of it is going to be circulated in the future (through new loans or QE)
- Some of it is abroad.
- Some of it will cancel itself out (ie, 1m is owed to someone who owes to someone who owes you 1m)
- The rest is kicked down the road.

>Feds lend 100 millions to a bank.
>Are now able to print ten times that amount pawning the debt.

one day, ill start a petition to have congress pay me 3 trillion dollars

Are you, by chance, running for president?

>GREECE TALKING ABOUT ECONOMICS

oh holy goddamn kek

>people have cards they buy stuff they can't afford with
>people buy cars they can't afford outright
>people buy houses they can't afford in 30 years time
>a person's credit rating is weighed against the amount of debt they can and do take on

For some reason, if you owe people money, the more people like you and the more you owe, the more they like.

Why not just print the remaining money?

The 20 trillion we have in debt has been piling up for the past 40 or so years. If the us government printed more money, the worth of the dollar will go down. Why do you think places like China and Japan have 500 yen/yuan bils? Because they have more in circulation, causing it's worth to go down.

here i made this for you

>Implying that's not what they've been doing all along.

So the only solution is to let the debt pile up?

the world economy is a ponzi scheme. Money now is backed by nothing, just digital currency that is made up to enslave the masses.

Proof: Get massivly in debt. Load credit cards like a mother fucker. Get 40,000k in debt, go +120 days in default, get 3rd party collection on your ass.

Call the agency and say you have some money but only 50%, only time you will ever have the money ...they will accept. Ask them to send a statement that you paid off your debt.

bank won't care, they already got their from the other stupid fuckers that are paying out of their nose and it was not real money to begin with

Here's your answer. See WW2 when inflation stopped for a while because Americans bought their owned industry, were forced to go into nationalism, later on you privatized to foreigners and rich people. That's 20 trillion that isn't money, it's favors and ownership, like for example monopoly favors, bailing out favors, Asian manufacturing favors, mines favors, not guarding the borders, going to war in certain areas or just simply enrich the rich by increasing inflation and lowering taxes for rich who bought the debt. Important thing here is that owners of debt don't want to be paid money, they want to be owners, they like it how it is, they like to be your lords, they don't want to end privatization. If they own for example apartment and bank sector, that means that inflation gives them more salary, since they don't have to buy it, they own it, you rent it.

So long as the people we go in debt to still have confidence that we will eventually be able to pay it back, we can let it pile up.

>whole lot of text
>not one mention of the federal reserve

dumb ass

The solution would first start by not spending money we don't have. Unfortunately, in order to do that, we gotta spend money. It's a cycle that the world has played ever since we removed the gold standard

All you have to do is mint a coin worth 19 trillion and pay it back. Don't know why you losers get so mad about it

>Brazilian economists

Federal reserve is just one of central banks, you got bigger banks than that, who are above the governments.

This is retarded. The national debt is from the money that the government spends. Not from private citizens

...

We should stop kicking the can down the road when it comes to raising the debt ceiling. If we don't raise it than we can only spend money that we have which means over half a trillion dollars of govt spending goes unfunded. If we raise the debt ceiling than we're digging ourselves a deeper grave and going closer to a default crises

It's a fucking double edged sword

Deficit isn't debt. Bonds aren't money. You can't pay yourself your own printing money to cover your own debt with own printing money.

Because printing money lowers its value.

>total debt is 20 trillion
>total assets of the USA, public and private is, 33 trillion

How does that even work?

Inflation

So you live in North Korea and are not under central bank rule?

Fucking festering cunt

Its in your grandpas 401k so he can pay someone other than you to wipe his ass.

Thats why its good to have retards going to school for degrees with no path to monetization since their 100k will wipe one old guys ass for the rest of his life.

Tell that to Obama when he bailed out Government Motors

Different investors, even private persons can buy shares of the loan, the fed loans US gov 1 billion, sells every million dollar of that loan to different investors and adds 200mil and the investors get interest from US gov. Dat how it work son

>usdebtclock.org/
It constantly goes up because that's how interest works? Not rocket science.

Compounding interest AND the fact that we continue borrowing money from ... guess who?

(((The Federal Reserve)))

I mean, I would rather the US worked towards a state of autarky and implemented a closed economy à la Hitler, but that's never going to happen. Realistically, the government should revise how they give out taxpayer money. Orgs such as PlannedParenthood or Tesla, and welfare recipients as a whole for that matter, should have to submit a plan stating how they will use the govt money to put themselves in a position where they will no longer need govt money, as opposed to the current system of just handing out taxpayer money left and right.

baby boomers: rejected the morality of the greatest generation & "we're gonna retire now, here's the $20,000,000,000,000 + $70,000,000,000,000 unfunded liability bill"

Whole Obama administration was picked by Citibank, do you even 2000s+. And Citibank gets instruction from higher banks and they get instructions from higher banks. More inflation you create, richer the banks are, more GDP you create, more debt you create, more money you create. The grand point of this all is that you keep working and elites keep getting richer, so whenever you want something you will have to go through them, to beg them for investment, so they own everything, decide everything and rule everything.

Because not every transaction requires physical cash?

youre right, m8

third party collectors here are absolute scumbags. many are literally convicts and addicts looking to scare people into a quick buck. imo many will take much less than 50 percent, especially if its been a year or two. the creditor has already written that shit off

plebs don't understand restructuring or how to game the system.
>muh 6 bankruptcies
i wish more people would wise up and string these fuckers out if they ever get into trouble with it

Honestly the only possible way we can lower the debt is to have some major reforms on social security, Medicare and national defense since that is eating our budget to death and only skyrocketing in price.
But then that would cause a massive shitstorm from boomers

>Most of the US debt comes from failing trade policies with china.
Wrong

Money is backed by debt and debt is owned by elites, which is just another way of saying they own you.

Money = Debt

The US government uses Federal Reserve Notes as payment for taxes which is a built in demand for those notes. The US mint does print the money but the Federal Reserve controls the amount and the price of money aka "Interest". The government gets a loan from the Federal Reserve but has to pay them back with interest. So essentially there will always be more debt than money because 1$ is actually 1$ + interest. However once spent into the economy that same dollar is actually worth less now because you've just added to the supply. Im drunk right now and can barely type this but i hope this cleared up some jew shenanigans. Also abolish usury.

Yeah but if you start working harder, you can become an "elite" yourself. I know that's hard to believe, but it's still true.

most money isn't in circulation

national debt typically includes unfunded liabilities - pensions, healthcare, other services that the government has promised but doesn't necessarily have to pay today

a quick swipe of a pen can instantly write off a lot of that debt

> Money supply is the same as government debt

ITT - people who need to spend 5m watching a macro-econ video on YouTube

This world is digging its grave, less elites the better. Those elites don't have any intelligence and don't work hard, they only exploit money, they make people exploit earth for lowest payment possible and you run the hamster wheel chasing your own ass. Better than hard work is no work at all.

/Thread

Our parents couldn't exploit anymore resources so they started selling time.

The jew has just written 20 trillions on paper and said "here, and don't spend it all in niggers".

How much money (the sum of the total amount of all fiat currencies) in USD, exists on earth?

Probably around 70 trillion, but depends how you want to measure it.

spbp

fpbpfpbpfpbpfpbp

birth bonds as collateral

A pound of flesh

This already exists.

Thats the entire foundation of borrowing from the future. The unborn children of our country are indeed bonded.

They should sue the federal gov.