This isn’t sustainable anymore
The fact that the Senate will pass a 1.3 trillion dollar spending bill to add to our 21 trillion dollar debt shows that the current establishment isn’t even thinking about the ramifications of our debt within the next decade alone.
Sooner or later interest to our debt will make up 1/3 of our spending.
It’s Weimar Rebulic all over again
>This isn’t sustainable anymore
It never was sustainable, dumbass.
Just sitting back with my gold and whiskey and watching everything burn, loving the show so far
Gold won't be of much use if FIAT currency is worthless
The eternal congressional boomer gives not a fuck about enslaving the next generations for the sake of gib votes.
Silver > gold if you want precious metals in your portfolio.
Silver has industrial applications. Gold is for vanity.
speak to me like you would a child, our golden retriver. does this mean no more cookies n milk? please my billion dollar corporation is at stake.
Hopefully we pay the debt back soon. I guess the USD would vanish and we would have no currency, but at least we wouldn't owe ourselves anything.
>Hopefully we pay the debt back soon
The only way to actually do that is to either cut social security or entitlements. Neither party has the balls to do that so we're going straight into the ground
It doesn't matter.
Money is a lie anyway
Where were you when the Grand Old Party sent the US into crippling debt all the while screeching MUH FISCAL CONSERVATISM.
Pottery.
sorry, i'm a brainlet, who is this debt to? who will enforce it? what ARE the ramifications of the debt?
The irony is a Majority of debt is welfare. And most Welfare goes to single mothers that abuse it a lot.
>This isn’t sustainable anymore
It hasn't been sustainable since 1913
Its going to take decades of austerity to fix whats already been done, but no government will ever fix it because that's an un-electable platform.
Pic related, get ready for a lot of this.
Only way to fix this is to stop increasing the military budget and cut off social security.
Neither will happen since boomers will borrow another trillion to develop a medical procedure to live forever before they age out of fucking congress.
Yeah because they were totally thinking of the debt during king niggers reign.. we're just going to pull a China anyway
>new leadership
>oooohhhhhh sorrrrrrrrrryyyyy China, this government didn't rack up that debt, fuck off
Being $21 trillion in debt isn't really any different than being $20 trillion in debt. At a certain point the actual number becomes irrelevant, especially knowing we're not gonna pay that shit off.
If you've got a million dollars in credit card debt, maxing out another 10k card isn't going to leave you much worse off.
They know this can only end one way so keep maxing out the cards until that day comes, we're all fucked.
Or.. um... Maybe increase taxes?
>Silver > gold if you want precious metals in your portfolio.
>Silver has industrial applications. Gold is for vanity.
This
Also silver is way under priced compared to gold if you look at the historical value, it used to be about 10-15 oz of silver for 1 oz of gold but now its 40+ oz for 1 oz of hold. Which is weird because there are a lot of industrial uses for silver now.
Gold is good if you want to be able to carry enough wealth to bribe the border guard though.
Except for the fact that you have to pay back interest to that debt or risk getting a downgraded credit score
What do you think happened to Greece in 2009?
Yeah taxing the rich even more is going to solve all our problems. Good thinking.
gold is used to make smart phones dipshit, it's very valuable still because of its technological uses, do some research next time
why wouldnt gold be valuable in the case of a collapse of the American dollar?
Can't we just put all of our stuff in Canada's name and file bankruptcy?
it means that eventually, the US finaincial system will collapse unless the Federal Reserve is disbanded
watch this video. it will spoonfeed you
>pay the debt back soon
literally impossible. owe more USD than exist
At the end of the day debt is only as scary as the force a bank can bring to bear in order to collect on it.
Who's gonna be stupid enough to try and call in that tab?
we owe more money than exists
"deficit spending" means borrowing money into existence, and promising to pay interest on that loan
1) This (debt) cannot be paid off, there aren't enough usd's in existence.
2) How the system is set up, there can only be growth with more (debt).
3) If you pay-off some of this (debt) you will have a small decrease on your payments right now, but your economy will crash harder down the road (against just accepting more debt now), because again, the debt can never be paid off to start with.
4) Yes the (debt) is fake, it is a con, a scam. Yes. Any politician talking about the debt and not about the fed is giving you a show. Any one. That far is (their) reach.
The Debt Ceiling isn't the issue, it's the budget. The Debt Ceiling just handles being able to pay the debt we already have. Lowering the Budget, achieving a surplus and using that to pay down debt is the real solution.
you dont understand economics at all. the moment the Federal Reserve was instituted was the beginning of the end
see
Good, we need to crash it before we can have a serious Reaction.
watch this video. it will actually inform you
this guy actually gets it
But you can't rely on a gold standard because the government would have to keep as much worth of gold as there is dollars in circulation.
>What is bond market
>What is credit rating
Kill yourself.
>GIVE ME VIEWS!!!
Fuck off
FUCKING TERRORISTS ON THE OTHER SIDE OFT HE PLANET!!! LETS BUY ANOTHER 30 BILLION DOLLAR AIRCRAFT CARRIER
it's all fake anyway
So let’s make it worse.
Thanks Obama.
Reminder that this budget doesn't even fund a wall, but instead a big, beautiful Fence. The government is an enemy.
its not my channel. im just trying to inform anons who dont know what they are talking about
Nigger you’re retarded the debt is irrelevant. We could pay it off tomorrow if we wanted.
>Gold is for vanity
>student loan denbts that cannot ever be repaid, universities depend on Chinese students to not run out of money, but all the money goes to growing the administration
>auto loan denbts
>real estate bubble growing
>National denbts out of control
>The Economy is based on bringing in migrants to load up with denbts, and racking up more denbts to give them handouts to consume with.
When will they exit scam?
Who wants to guess the date foreign nations no longer accept payment in USD?
>2018
>thinking denbts are meant to be paid
no couldnt. we owe more USD than exist
>But you can't rely on a gold standard because the government would have to keep as much worth of gold as there is dollars in circulation.
Or you know, increase the price of gold in dollars.
>Sup Forums doesnt understand economics 101
Maybe that's the plan.
Accelerationism
>Nigger you’re retarded the debt is irrelevant. We could pay it off tomorrow if we wanted.
USD is created when a debt is created, the USD to pay the rent on the loan is not created when the loan is created so you have to borrow more money to pay of the loan + interest, which ofc means you end up with more debt and interest.
How do you pay it of? There is literally not enough USD in existence. You could default on it tomorrow if you wanted.
desu this
The US can decide tomorrow to not pay a single dime and no one could do a damn thing.
this guy gets it
the jews could crash the economy...with no survivors
Ahh, Birmingham
brilliant plan lol
shit time to charge ourselves a 20 trillion fine for disrupting the public good our something.
The US is a big guy, he would take the entire global economy with him if (((they))) take off the mask. A jew would never do something against his own interest.
Greeks being right all along
when will my nation stop educating the world?
Petition to veto the Consolidated Appropriations Act!
petitions.whitehouse.gov
>giving a fuck about government debt
>not wanting it to collapse as soon as possible
>not taking massive loans and buying gold and hiding it in your mom's butt.
why isnt it sustainable
you just keep inflating
in fact nothing would work if they didnt
I can imagine Trump saying , I have heard from you the American people. You don't like the debt raising. So I'm sending this bill back to...
Remember what comes after Weimar.
the cuckening?
yes, BUT
a slave economy doesn't rely on price signals
debt is a measure of legal control one has over other parties
in a slave economy fiat could be substituted for direct political control, ability to kill others, etc
they just happen to use fiat instead of direct measures such as slave courts
the debt, in this manner, doesn't matter at all. you are controlled by others. if you rebel, they'll imprison/kill you
was getting Shoa'd part of their plan?
Sometimes, to save the body you must sever a limb. China's new gold-backed petro-yuan (ready for purchase march 26th) will make swift work of the petrodollar, and with it the US economy.
If the US didn't have niggers and spics they'd be running a surplus. But hey I guess that's money well spent
well yeah....but that sucks
Death to the terror sponsor state Israel
>believing the holohoax
Rebirth, medkit.
yes
I am saying, though, that balancing the debt, even IF theoretically desireable, is not going to help us
a slave economy that has a debt problem is not different from a slave economy that has no debt problem
you are a slave irrespective of the debt. the discussion needs to address this
restoring capitalism, regional sovereignty, and killing niggers needs to be the central platform
debt doesn't matter
if we had a benevolent leader with enough support, we could dissolve the Fed and probably do away with federal income tax. that would be something
It was like 1.6T during the end Obama years
I dont get why this shit hasn't come back at us with serious ramifications yet
Fucking based 4d budgeting
why would anyone look at debt in a vaccuum without taking income into account
cause we so strapped!
not to be a negative nancy but I don't think there is a solution so long as dark skinned people and liberals aren't dead, or secession doesn't become a thing
leftists deny fucking intelligence. as long as you are more inteligent than them, you are a threat. they'll find the one thing you aren't good at then enshrine it as the principle heirarchy of civ. in order to put you underneath them
they either die, or are killed in the process of us seceding
I honestly think the banking system is secondary. they can replace the banks by fucking making you a slave via the schools, or any other mechanism
>gold is used as a conductor
>silver is also used as a conductor in addition to everything else
Fucking retard
Almost like economics isn't a science
The banks own all the money and loan it to the country = The higher the debt goes means we're borrowing more $ from the banks because the economy is growing . If all money was paid back back to the banks (21 trillion) , there would be no economy . No money to get paid with . No money to pay with . Higher debt is better , but it is used as a political strategy " oh noooo the debt " .
you need to hyperinflate fiat currencies in order to hyperbitcoinize the world. Increasing the debt, is actually the solution, idiots.
Trump better veto this shit! Fuckin repubs not doing shit while packing on pork. Dems praising bill and shumer pork pedo.
The economic redpill is realizing governments can just print money from thin air without selling bonds to (((the banks))) this is what the Roman empire did for 1000 years and Nazi Germany but they had to shut it down
It's never going to really crash, just artificially crash.
The aim of the game is to push the system just far enough, where the richest get richer without it seeming like an inside job.
The only time you're going to see a real crash is when a truly independent government takes back control of its fiscal and monetary policy.
they could replace bank notes via court orders compelling you to engage in labor. the results are hte same
currently, those holding more notes have a greater share over compelled labor. you could replace the notes ith a fractional share of control over court ordered compelled labor
inflating the curency only changes the person that has the largest share. it doesn't fundamentally change the economy
fiat hasn't functioned in the manner you imagine it to (price signals) since around 1910
>This isn’t sustainable anymore
lol you havent been watching the jews since 1913 have you?
youtube.com
>This video is all you need to know about US economics
>Best Quick Rundown out there
The US economic system requires them to borrow more and more money. It is intended to grow. They cannot pay back the debt or the whole system will crash. The debt ceiling is a illusion.
Riddle me this: If I loan you the first dollar in existence and you promise to pay it back with interest, where do you get the interest money from?
The reward for this question is the black pill.
If you haven't purchased suitable farm land and learned to live by your own means you're headed for a major fucking wake up call. Shit will eventually hit the fan. Be safe, be prepared anons.
>doesn't realize metals have different amounts of conductivity
>all phone manufacturers use gold instead of silver for apparently no reason
kill yourself retard