Is the US ever going to pay off its debt?
Is the US ever going to pay off its debt?
Oliver Carter
Jason Moore
No.
Brandon Ortiz
Lol no we’d sooner kill all those worthless rats referred to as “Asians”
James Lee
Wew lad
Evan Carter
Not with Jews in charge of our banking debt slavery system
Carson Sullivan
>US in debt
>kills Europeans
>no longer in debt
>us in debt
>kill Vietnamese
>still in debt???
>us in debt
>kill muslims
>still in debt???
>us in debt
>goes to war with Asians
>civil war breaks out in U.S.
>country gets Balkanized
Jayden Wright
Debt isn't real.
Cooper Sanchez
Nope.
We're gonna just delete it.
youtube.com
youtube.com
Dylan Carter
Levi Ortiz
"If you owe the bank $100 that's your problem. If you owe the bank $100 million, that's the bank's problem."
Of course in this case it's the banks which are the problem and the amount owed is $21 trillion - 21000000000000 - you seldom see that many zeroes hey...
Plus it's misunderstanding how our financial system operates for you to think of it as a situation where the debt is paid back - in this system money IS debt. It can't all be paid back because it is what is owed which is in fact the money supply.
Michael Watson
>It can't all be paid back
What happens when there is more debt than capital?
Logan Bennett
Inflation initially but over time with nothing to actually reign in the expansion of debt something more sinister starts to happen.
>"Compound interest is the most powerful force in the universe."
- Albert Einstein (Apparently)
Which is a fine observation because it is impressive - but for such a smart man he didn't think it through, so I prefer the observation of the Anglican minister and actuarial mathematician Richard Price:
“A shilling put out at 6% compound interest at our Saviour’s birth would [by 1769] have increased to a sphere of gold equal in diameter to the diameter of Saturn’s orbit.”
Which is impossible after all - the Earth is a finite system, infinite growth is not possible for us as a species or an ecosystem. So once legitimate investments in shipping or enterprise or R&D have been exhausted as sources of meaningful growth which if financed can unlock greater value, what happens to the expansion of debt service to serve compound interest so that people can "live off of it"?
It comes out of you - in higher taxes, in people having to work more and longer, in less wage growth, in higher prices for control of rent-seeking infrastructure including real estate. Slowly it gets so bad women have to start working to and families disintegrate. Jobs are exported overseas to cheaper places. Following generations are sold into greater debt service to ease the immediate lack of the incumbent generations. Household formation and the sustaining of children at the current standard of living becomes increasingly difficult so birth rates decline and cheaper labor willing to put up with less pay and lower standards of living for them and their children are imported in.
Slowly the parasite consumes its host society, the endeavour of its citizens, their ownership of property, their future children's standard of living or even their existence, their culture and selves are replaced and inevitably the society collapses.
It finds a new host.
Ian Fisher
Depends. Keep in mind the US is most in debt to US citizens via government bonds.
Colton Price
No, because the people we owe money to control the interest rate on said loan
Brody Martin
or guillotines make a comeback
Thomas Diaz
Mutts don't work.s
Jaxson Perez
Humans created the concept. It can all change.
We act like currency and all that comes with it is part of nature.
Liam Bennett
no, it's impossible
Kayden Butler
>ctrl f
>avalanche
>snowball
Sup Forums needs to stick to sperging about niglets
Luke Lopez
It didn't work out very well for the French - if your solution to a systemic problem which isn't properly understood is to kill the individual people in power - the system still exists but now it has a vacuum.
Most people are stupid and don't really have room in their heads or the inclination to expand their minds sufficiently to appreciate how complex and disassociated from a tribe under 150 is from a huge, complex society of millions or billions.
Sure for a pack of chimps if the alpha chimp is calling shots which are sufficiently irksome the rest of the group feels it isn't benefiting from the arrangement you can kill that chimp and replace him with another who might have a different personality.
However human civilisation today is far beyond the scale of individual minds or any difference being made by replacing a few of them - it's diffused into the state of the system and how they associate.
So yes whilst you can rally all the chimps in common hatred to kill the shot-callers, there's no obvious solution after that and what happens is people end up squabbling over who gets to occupy the vacated position, usually by killing once again.
If you want to structurally change it you have to either:
A. Build a superior system which is more beneficial and less prone to corruption (as the United States did) - that's the Buckminster Fuller option.
B. Network people on the losing side of an asymmetry of information and power to change its balance and infiltrate / influence the existing (usually concealed) power structure.
These aren't mutually exclusive and I think in some senses people are feeling pressure to pursue both at the moment - however whether it is enough I'm not sure. In the 1750s tax reforms were taking place which would have solved the source of the problem over time however it wasn't fast enough to solve the problem which provoked its necessity and instead you had 1789.
Nolan Thompson
no
USA economy colapse
world economy colapse
and in that moment only the country with gold survives
like Germany,Italy,Spain and UK
Evan Hill
has Greece paid off theirs ?
Camden Perry
Not our debt. So, No. The Fed can shove it up their ass.
Easton Smith
no.
Owen Fisher
A good business will always have some debt. Without it, it means they have nothing worth investing more money into. If the US borrows 1 trillion to “make” (generate 1 trillion in taxes from increased biz activity your whatever), then it would be mismanagement for them not to take out a 1 trillion loan.
But, who am I? I’m just some guy who isn’t a retard.
Angel Cox
The number one factor in determining deficit spending is the participation of women in the electorate. Women have destroyed society so far, point it out won't do any good, they are inherently evil.
I for one, pray for a civil war when the leading feminist are killed and the rest are the second class citizens they deserve to be.
Robert Reyes
dead meme
new fed chairman is Jerome Powell
Connor Sullivan
The US is borrowing money to consume; not to invest. Investing money is great, but that's not what we're doing.
Elijah Wood
Our Gold it's doing great, so it's time to collect some from the amount the US owns us.
Thank God for China.
Thomas Bennett
i don't understand monetary economics but like if the debt is 22 trillion or whatever it is right now I don't think it will ever go down
i think the idea is that you want to slow down or stop deficit spending immediately
Benjamin Flores
fools gold
Aiden Martin
The Fed already served its purpose, owning the majority of all stocks.