How does America thrive with so much debt? Is there a certain point at which we'll just collapse?
How does America thrive with so much debt? Is there a certain point at which we'll just collapse?
William Ross
Cameron Lopez
When you say "America" are you referring to the collective debt of all individuals? American debt to other americans? American debt to overseas, like China? Or governmental debt?
Nolan Young
The Jews use that debt to hold the nations domestic and foreign policy hostage.
Owen Martin
I'm not saying that we're not facing some serious problems with debt right now, but I think the average person really doesn't really understand what debt means in this context.
National debt is nothing like personal debt. It's not the same as "oh shit I spent $100K I didn't have on a shitty college degree with no job opportunities and now the bank is gonna take all my shit."
At the national or even enterprise level, debt is used as a way to grow. Think of it like a business that wants a new factory. That company might issue bonds in order to pay for that new factory, thereby going into debt. However, the idea is that if this debt is managed wisely, the factory will pay for itself and turn a profit before they need to pay back that debt. When it comes to governments, the idea is to use that debt to fund public institutions that will ultimately improve the economy, essentially making the country more profitable.
Again, this is assuming finances are managed wisely, which hasn't been the case for quite a few years in the US. Hopefully this is about to change though.
Hunter Stewart
Yup. Supply and demand. At a certain point no one wants to buy our debt.
Jaxson Taylor
Its not really debt because it will never really be paid off. Its a system that couldn't ever actually be paid off. Too much currency is created from nothing by banks every time they loan money. 98% of currency was created as debt so it only exists as negatives anyway.
Jeremiah Martin
It will thrive as long as the Kikes need it to thrive
Blake Rivera
The debt is only real when the creditor wants payments. World bank is happy and lend you more money when you do their dirty work. Like overthrow "dictators" because they don't want to play along.
But every henchman outlives his usefulness and comes to realize that the work he did for his master did nothing to paydown his debt.
Hudson Jackson
ITT: People that think the largest economy on Earth works like your personal bank account.
David Ortiz
this, one people come to actively collect there will be problems. That or the petro dollar collapses and USD is no longer the global reserve currency.