How much longer until it crashes from our debt?

How much longer until it crashes from our debt?

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en.wikipedia.org/wiki/Quasi-War
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The US has never paid late on one of our loans

idk lol

Debts mean shit if you can control something and pew-pew guns. America does it, it will be alright for a while.

The value depends on the trust.

If trust disappears there will be alternative currencies and then it is like bye bye miss american pie

Good thing we still have gold, too bad for the orher country that decided to sell it all.

Your country is still on the gold standard?

:DD

No, but if the Dollar crahses and we switch back to gold, we'll have some reserve for standard.

When you roll back into isolationism and the euro becomes a reserve currency i guess.

>UK

>isolationism in the 21st century
user please

Isolationsism is economic suicide in 2017

why does the IMF have so much gold?

That was Trump's meme, at the beggining of his campaign that is.

Think we did in 1995

i can't wait (:

en.wikipedia.org/wiki/Quasi-War

As long as buyers are sure you will be able to pay it on time, you can just keep growing it forever.

That isn't to say you shouldn't keep a tight buget. The better you are at paying, the better deals you get (less interest on your loans).

Pre 1880 doesn't matter

We have never defaulted a loan post 1900

Every global currency has a lifespan of around a hundred years. The USD has been around for about that long. The worst recession in the history of this country is coming very soon.

But we're not in a bubble.

Student loans?

That's a relatively small bubble compared to the housing bubble. Unless you're a retard who goes to a university to get a bachelor's degree, your debt should be less than 6k

>implying the value of gold is self-evident

>tfw on a top 20 list for once
feels nice man

Never will happen. Every country in the world is invested in the longterm success of the united states right now

Nothing good, and we'll suffer it too.

Everyone knows gold is a magical substance with intricate, god given value which is not in any way subject to market fluctuation just like any other commodity.

Also it looks pretty and sparkles.

now what country would do such a th-