What is Trump’s plan to deal with this?

What is Trump’s plan to deal with this?

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Twenty trillion fucking dollars. And I remember sitting in my Contemporary Affairs class in 2010 talking about how twelve trillion dollars was crippling debt. Now we're at twenty. This is past ridiculous, and I feel like we're at a point of never returning.
What happens if the US splits up or a revolution happens? Where does the debt go?

nothing its impossible. Thats the Jewish weapon slowly ticking upwards towards infinite debt=forever slaves.

Can't accumulate national debt if there's no government.

Lending to a borrower you know that can't repay is just as much a moral failing as a borrower borrowing from a lender that he knows he can't repay.

But seriously guys, what is going to happen with this? Its seems like a big joke to me just raising it no infinity without consequences? us even cares about repaying any of this

The leverage it gives over the US is worth more than the money though.

You forgot one simple rule:
If you owe 1k to bank - its your problem
If you owe 10kkk to bank - its bank's problem.

What leverage? The US economy could become self-sustaining in short order and and has the strongest military in the world. If we defaulted (as in, sorry guys but we're canceling all your bonds) there would be short-term chaos but ultimately things would be fine.

Global recession because the debt is owned by other countries.

Outlaw usury and cast out the money changers from our temple

How is it that other countries in debt own our debt?

It will increase until you actually make wealthy people pay taxes lol

Jewish tricks, not to mention you're kind of more in debt than any other country.

I think China actually owns a lot of your debt if I'm correct.

>us even cares about repaying any of this

Honestly, at this point I don't think we do. Its the elephant in the room that nobody wants to address because nobody has a solution.

Also how can Trump decrease taxes while not getting spending under control?

Im just baffled pls explain this

flip the board

Most of the debt is from BBP(black budget programs) & globalist loans. It doesn't help that the FED has more power then what it should.

[KB thread archives(take the time to read all OP's): archive.4plebs.org/_/search/boards/pol.x/subject/Knowledge Bomb/username/anonymous5/tripcode/!!9O2tecpDHQ6/ ]

most black budget programs are being funded by different means entirely (selling drugs, etc.)

Just slightly cut all spending in all departments. Maybe by like 5-10% at most. Idk. Just a newfag.

>Most of the debt is from BBP(black budget programs) & globalist loans.
Wrong. Most of the debt is from the drain of minorities on the social service system.

Anybody?

>everyone is in debt to each other
>it's supposedly a big deal
>but it's also a good thing goy!!

This system is intentionally confusing which means it should be scrapped completely. It's a fucking scam.

Basically this. Amerifats are fucked.

Me, a private investor, owns some of the US debt. I have no leverage over the government.

You can literally buy treasury securities yourself right now. They get repaid.

Blame Hillary and Obama.

Where does the interest on those securities come from?

Lowering taxes increases economic activity which increases revenue. Lower business tax, new businesses that would be too expensive to open can be opened now. Businesses in more expensive countries can relocate here. Less tax from each individual business, more revenue from more businesses.

Anywhere the government gets money. Taxes, other securities, tariffs, licensing fees, anywhere they get it.

So... tax cuts for more economic activity ok. But then... more spending that demand higher taxes for it to be repayed?

What is the point?

Liberalism. Its what happened

They don't demand more taxes if economic activity goes up more than the spending does. The point is having a functional society.

Government spending doesn't need to go up. I don't have the figures, I'm sure some egghead out there does, but consider this: Trump has cut government regulations by 32%. As in, he has cancelled 32% of government regulations. How much money do you think the government will save in enforcement? Plus all the other effects that will have. Like law enforcement going after criminals instead of sloppy form filers.

Ok i understand at least i think i do.

Something feels off though

>Something feels off though

Oh i found it, its this

Yeah. So in order to pay of treasury securities the government literally has to rob other people in order to pay you back. The system is unjust and unsustainable. Even if 100% of the debt was domestically owned.

$20 trillion is only a drop in the bucket, user. The unfunded liabilities are payments the government has agreed to make in future which is has no money to back up; i.e. pensions. Pic related.

This is the government's own figure too, so you know it's been massaged to within an inch of being an outright lie. Independent analysis puts this figure anywhere between $150 trillion and $200 trillion. Shit's fucked, yo. Prepare accordingly.

regulations and spending are independent

>Obama
>Debt was 9 trillion when he started, >ended at 19 trillion
>Not bombas' fault guys!!

We're already beyond fucked when the next recession hits since our interest rates are still near zero and we still haven't decreased our balance sheet which has quadrupled
since 08

The Fed can't kick the can down the road when this crises hits

FREE SLOVENIA FROM OPPRESSIVE MAGYAR

Best course of action is to just let it all fall/fail under it's own weight. Its to late to stop it, nothing can b done. Lat the system fail and rebuild from it asap, but a lot of people will die and suffer tremendous hardship because of this so everyone just kicks the can down the road and hopes that it doesn't fail while they are in office. Some people like me would argue that its already been happening for a while since the times of Obama, so many times that economic catastrophe was averted its not even funny.

Pic related doesn't even account for the fact that interest is charged on each loan too. (Requiring more money printing and loans.)

This vid is part of a series, but is a good intro:
youtube.com/watch?v=iFDe5kUUyT0

Is there any graph showing the amount of debt USA should pay each year?

Good question. Not a graph but this is what i could find

treasurydirect.gov/govt/reports/ir/ir_expense.htm

Also,we haven't used full fractional banking since before the second world war

Thanks New Deal

most people here don't know what they're talking about.
trump's plan was the raise the GDP so that we'll be able to pay it off. also to reduce spending obviously, but that was actually secondary to his plan.
he did manage to grow the GDP over 3 percent, which was good. i still don't think the plan will work out in the long term because........
this problem was artificially created. it was intentional. ever hear of the cloward piven plan? dems and socialists have been looking to bankrupt the US through entitlement plans to bring forth a full on communist state for many decades now.
so unfortunately, trumps plan may work if we assume that everyone who gets into office has the best intentions of the USA at heart, but sadly subversives are EVERYWHERE and the US voter cannot tell them apart from genuine people who care about this country.

In 2015 the US paid $229 BILLION just in interest. That's not paying down the debt itself, merely servicing what's owed on existing debt. Totally squandered money. Where does it go, you might ask...

We have over $100T In unfunded liabilities also. There are two options that really stand out:

1.) Print your way out. You pay your debts with USD fresh off the presses. Eventually the inflation will catch up to you and it’ll hyper-inflate the dollar. Your creditors find out that you essentially gave them Monopoly money and they never loan you money again.

2.) You default partially. You say “we can’t pay back that entire amount but we can give you x amount instead”. Your credit rating gets fucked for awhile but if you can produce massive GDP growth for a decade or so, countries will still line up to loan you money, just maybe not as much at once.

Option 2 seems like the better option. Creditors would rather you pay them 50% or what you owe in a currency that has value, instead of 100% of what you owe them in Monopoly money. Trump has stated during the election that it’s impossible for us to pay the debt off and that we should default. I haven’t heard him say anything about it since the election though.

well you know they came up with an option 3 though.........
3) debt is financed through the labor of future generations, so import large numbers of foreigners who fuck like rabits, in the process demographically replacing whites and giving their homeland away, just so that there are more working bodies which can keep this system afloat for a little bit longer, so fat cats can continue to enjoy their fat cat lifestyle for the rest of their old boomer lives
eventually it is bound to fail though, and as i pointed out earlier it has been engineered to fail (cloward piven) so that a new age of communism will be ushered in.
and when that happens, all of humanity will genuinely be enslaved :( sad :(

THIS.

If anyone ever wonders how Deutsche Bank managed to obtain the entire world’s GDP in exposure, this is how. If even 2% of their Derivatives went into default, we’d see global economic collapse. It’s fucking madness how anyone let a bank get that big.

It’s the same with gold contracts also. There are something like 10x gold contracts in circulation relative to the amount of gold. If even 1/4 of people wanted to claim physical delivery of that gold, gold prices would skyrocket overnight. It’s centuries of living beyond our means that are coming back to haunt us. I don’t see how we go on much longer like this.

>What is Trump’s plan to deal with this?
He intends to tweet about it at some point. It will be a magnificent tweet. The best you've ever seen!

There’s no way anyone could take an objective look at Obama’s presidency and think that he wasn’t following Cloward Piven to the letter. It was even thought up in the very university Obama attended by a professor that taught Obama. It’s fucking crazy how much damage Obama did in a way that 90% of the population has zero clue about.

mobile.wnd.com/2015/07/the-obama-clinton-cloward-piven-legacy/

Yea the replacement migration plan is a joke which is why I didn’t mention it. It’ll never work and is simply a Hail Mary. If migrants were assets and not liabilities then sure, but when 70%+ of the people you bring in end up on welfare, it’s just pouring gasoline on the fire

exactly.
he literally doubled the national debt in 8 short years. incredible feat. he must be sitting back with his feet up right now saying "fuck, i did a great job destroying the USA and bringing us one step closer to full communism!". meanwhile stupid liberals still worship him and think he actually cared about them.

>If migrants were assets and not liabilities then sure
i know lmfao. but there are people who genuinely think this is "economically viable" and a good move to keep the economy afloat, unfortunately there are also people who know it's going to destroy the USA and are still pushing the agenda because they WANT the USA destroyed and they WANT communism / cultural marxism to be wrought upon us.

Regrettably not all immigrants are formed in the same mold.

Elites plan was WW3 against russia. In all that chaos you can mop up quite some dept. Russia is the only way, as they look big on the charts, most people still think of them as the mighty soviet union, they have no monetary power (us bonds-China), but they really are just as powerful as italy. Quite a shure win, easy to blow out of proportion and the only "superpower" besides China, which as said can blow the dollar out of the water anytime as they wish.

yeah europeans and asians are the only ones that aren't degenerate, everyone knows that

Whats stopping us from just never paying it?

To Whom does the U.S. owe the money?

All non-high-IQ migrants are liabilities financially. Hence why Trump wants merit-based immigration. It would actually help fix the problem to bring in a ton of Asians and Europeans.

>If migrants were assets
DELET THIS

WEIGHT IN GOLD

As long as central bank exist, we will never be free from this debt.

Nothing. Ultimately that’s what we’ll decide. It’ll be a partial default but it’ll ruin our country’s credit rating for a couple decades. Nobody wants to be the one to pull that trigger though. Hoping Trump will be our guy in this regard.

Dumbass. Just increase the bubble infinitely.

He wants to increase deficits so that it will boost our economy so much it will magically erase the debt. Not even kidding. This is the official line from Mick Mulvaney.

It goes to savings bond and treasury security holders.

MODS ARE ASLEEP

I assumed I can't know where it goes...
Am I right?

There's probably a game of brinkmanship being waged at the moment. The first to stumble will be hardest hit. It's in all parties interests to stretch the nonsense out as long as possible.

Indefinitely**

Lol mfw trump said he'd solve the debt crisis with his amazing business skills, but he hasn't done jackshit for almost a year now.

What a great and capable president you elected.

But, seeing the global debt trend, Obama administration seems to just have follow the trend.

I mean, it is not a USA problem, it is a fucking world issue.

You see, hohol, when yuo and bank same люди, is problem always!

[numales in swedish]

No, you're right. The irony is that Obama fucked up big time taking us from 12 to 20, after he RAILED against Bush's 12 trill. I hated Bush, and I hated Obama.

1.So first off, you need to get shit like Obamacare ended.

2. Stop giving billions in aid money to dumbass foreign countries that hate us (Pakistan. we send them billions in aid money, they have the Awan brothers spying in congress, they support terrorists, they have "OBL" or an OBL Dupe hiding in a house that we kill...)

3. Make business more competitive here in the U.S. by lower taxes. We have the highest corp rate in the world, there's a reason faceobok & apple and shit have the HQ in Ireland where the bulk of their $$$ is. You have to do something. Why did all our manufacturing go to Mexico? Central America? And yet we take ILLEGAL IMMIGRANTS hand over fist here, so....

4. Build the fucking wall. Entry exit visa system. E-Verify. Illegal cost U.S. Taxpayers $135 BILLION EVERY YEAR. These people are hardly benefiting our economy. If you look at the new DACA numbers, only 20% of them go to college, and a percentage of those drop out. only 20% of them finish high school. The rest? 60% never finished 8th grade. 73% life in affordable housing that should be going to Americans.


5. Stop subsidizing people who can't afford to raise families.

6. Stop the foreign wars. For real. Fuck this shit. Trump ran on this, I expect him to come thru. We need to follow the Ron Paul model.

7. Cut the government workforce down to size. it's a bloated bureaucracy that runs on paperwork and red tape. It's inefficient and costs too much money.

Right on. This will never happen here. And it will also fail. It's failing right now....

Most of these migrants are useless. They're apt at crime and scamming people, and dependent on welfare & benefits. They're a burden.

It won't work in America.

>5. Stop subsidizing people who can't afford to raise families.
I appreciate not many will be onboard with this, but personally I'm tired of carrying so many non-contributors in general. I'd be happy to see the welfare system removed entirely. The 'welfare plantation' memes are real; these folks certainly shouldn't be able to vote if they're a net drain.

...

it wasn't "just following the trend" when he doubled it in 8 short years, no.

Agree completely.

Allowing people to vote who take from the system and don't put anything in, is akin to a restaurant owner having to change his menu according to what a random non-customer off the street wants offered.

can anyone link any books that pertain to this videos contents?

I don't read a great number of finance books so perhaps another user will be able to make some recommendations. The only finance related book that stuck with me is Planet Ponzi (Mitch Feierstein).
>inb4 stein
I can't vouch for its exact makeup now - I read it years ago - but it was a big wakeup call to me at the time and I expect it's still 100% relevant today.

When do you think the next recession will be? Since they happen periodically it seems we are about overdue.

I remember when Bush was president. It almost seemed feasible to absolve. Now, it just seems like a lost cause. I'm not sure there is a solution, to be honest.

It grows by 2.5 billion $ a day. At least.

The debt levels coupled with the real unemployment figures are enough to make you scream for the blue pill again.

Fuck this nonsense the silver price is currently $16.82/oz and gold is $1276.50/oz. See why "precious metals" is a meme to get into?

>What happens if the US splits up or a revolution happens? Where does the debt go?

We repudiate the debt, adopt a Constitutional amendment requiring a balanced budget unless there is a state of declared war, and adopt another amendment forbidding any currency but gold and silver coin backed by the US government. No more farming out our monetary policy to the Rothschilds.

>Allowing people to vote who take from the system and don't put anything in, is akin to a restaurant owner having to change his menu according to what a random non-customer off the street wants offered.

In the New Republic to come, no one who is a welfare leech will have the vote, and no one will be allowed to be a welfare leech withoutsterilization, either temporary (for females) or permanent (for males.)

Who does US own all this money to?

>Most people don't know what they are talking about.
>Repeat what's been said on here for years.

>tfw I'm richer than the USA because I have no debts

complete global reset via global nuclear war

It owes it to foreign countries, but it also owes it to some domestic institutions too; i.e. the Fed. As far as China is concerned the gig is up and they're pulling out quickly. Will be interesting to see how this pans out.

>Who does US own all this money to?

Mostly to the (((Federal Reserve Bank)))

>What is Trump’s plan to deal with this?

Also the president has fucking zero power do lay and collect taxes, to create legislation, or even to spend money (beyond the veto which can be overridden).

Also, you cannot pay 20 trillion dollars fucking ever if only roughly 10 trillion dollars exist. (Notice (((federal reserve))) stopped tracking M3 a decade ago).

If you borrow 10 eggs from me and you agree to pay me back 12 if I'm the only one allowed to keep chickens the ONLY way you can ever pay me back is to borrow more (at interest) from me.

When the music stops playing there's not going to be many chairs to go around.

Oh so nuclear holocaust then. Cool.

>Twenty trillion fucking dollars.

No user it's muuuuuch worse then that.
That's the debt that needs to be paid down now, but there also a factor called unfunded liabilities. A debt in which was promised in retirement benefits to baby boomers which will need to be paid within the next 10 years, a debt of over 120 trillion.