US debt at 19.5 trillion $

Oohh say can you see,
how fucking broke are we
...

usdebtclock.org

Other urls found in this thread:

en.wikipedia.org/wiki/National_wealth
youtube.com/watch?v=-Vl73e850JY
en.wikipedia.org/wiki/Financial_position_of_the_United_States
money.cnn.com/2016/05/10/news/economy/us-debt-ownership/
twitter.com/AnonBabble

>debt is bad

this is why your country is poor and irrelevant

It's ok, we'll get another war or a big event to happen and wipe it all away. I mean we got away with it once.

who to invade to get monies? Croatia?

Perks of being the word police. Trust me, the US is being set up for open revolution/Balkanization. Soon, we will have to cut services to pay for the debt, and millenials will search for someone to blame, they will blame their parents and the gov and get even more mad when the welfare check gets cut

My dual citizenship papers for Croatia are being processed as we speak. I'm going to vote HDZ every fucking time thanks to you OP : )

What the fuck happened? Wasn't it 7 trillion when Obama took office?

>Congo.
They are the resource richest country in Africa. 24 trillion $.
>Iran
2nd worlds natural gas reserves, 3rd worlds oil one
>Russia
Siberia holds 85 trillion $ worth of resources

List of easy pickings for you is quite short today.

If you look at the country with the least debt it's Estonia. So technically the richest country in the world is Estonia. They have only $9 debt per person.

That's retarded logic.

Social security and overpriced healthcare, entitlements to vets, overpayed contracts to military industry..

Total assets of over $123 TRILLION so no the US is not broke.

Have right wing retards ever taken an accounting class?

as long as the us dollar is reserve, americans wont give a shit

i dont think they have a plan for when that changes.

Wars increase debt not decrease it. Congratulations for passing high school while being economically and historically illiterate.

Sounds like those countries could use a little...

freedom

That number literally means nothing. We owe USD. But we control the value of USD. We could literally print a 100 trillion dollar bill and ask China to make change.

Fun fact, we resell our debt in the derivatives market. There are over 1,000 trillion dollars in the global derivatives market - all built up like an inverted pyramid. You cannot have a USA collapse without every currency in the entire world becoming worthless. Either we don't go down - or we do go down and there is simply a global reset to zero. Either way, we win.

Do you honestly think the wealthiest people in the world are stupid enough to risk their entire wealth? They control the casino my friend.

Canada. Just fuck my shit up senpai.

Have you, cupcake? Total assets worth means shit if you have low liquidity.

What does it mean if you have a house but no one wants to buy it? You can be short of cash and have assets at the same time but they mean nothing if you can't turn them into money quickly.

>he still hasn't realized that literally no one will try to collect on what we owe

>people believe the debt is real

Good thing for the US they have the world reserve currency and the USD is the strongest in 15 years.

Let's all point and laugh at the OP for not understanding how debt works.

...

Not if you win Goldstein.

>"debt is good!"
>t. Straya

Don't you have a kangaroo to fist fight or something?

>US debts OMG

blue pilled af

>trying to deliver 'freedum' to russia

What are you doing on Sup Forums Chris Christie?

>debt is bad

>debt is good, goy!
>more government spending will solve all problems!

>debt is bad

stay poor bro, I think I heard your mom calling you for dinner (she just sucked my dick, shit was so cash)

it'll just keep getting bigger and bigger until the economy collapses. it will take about 50 years.

UNLESS

we annex mexico and actually USE the world's strongest military

Interesting, Japan is a fucking Island and is half as wealthy as the US and wealthier than the UK.

>USA: 42 billion dollars
>Japan: 19 billion dollars

not just using military to annex just specifically mexico.

en.wikipedia.org/wiki/National_wealth

>broke
>spending trillions while having trillions in debt
>still the leading economy on the planet
no one can touch us, what the fuck is anyone gonna do about it? if you fight us, you lose the debt we owe you as well as lose the fight because we spend your money on military technology.

Congratz on your Federal Reserve.

and low liquidity is only necessary in case you are forced to liquidate assets. if you can ensure that wont be the case, its irrelevant. if you dont care about what happens it is the case, its also irrelevant, cupcake :^)

>wasn't our fault

money supply and borrowing was handed to big politicians a banks.

We will see what happens if there is mass exodus from the dollar by rich people to the precious metals and any other world currency that has a smidge of yield.

This is the main reason why the $ is strong, because world parks its wealth into that currency.

>b-b-but Obama has created so many jobs!

I remember a couple years ago I heard 6 trillion in debt and I was blown away. Welp.

Maybe people will catch on to the lie when the jobs number out values the US population by 2x

$5,000 gold any day now

kek

If I owe you $100, I'm in trouble.

If I owe you $1,000,000,000.00, you're in trouble.

if I owe you $19,500,000,000,000.00 and have the world's strongest, advanced, and most powerful military in the world, you're really in trouble.

'Murica.

One of these days you might wake up to this reality.

The government cannot just take everything from its citizens to pay off its debit. Taxation is theft, people only tolerate it because it is limited.

Thank you King Nigger for doubling the Debt.

"More jobs created"

>sub-30 hr. work-week
>Jobs

There's a good quote that I heard, put it this way:

If I owe the bank $1,000, then the bank owns me.
If I owe the bank $1,000,000,000, then I own the bank.

Which means that if I owe more than anyone has the power to take back, essentially I win because no one has more money to take back what's "theirs"

why are you always in these threads, i go on Sup Forums maybe twice a week and you're always here, you also understand nothing about economics and fiscal/monetary and you've made that very evident before

do you have some kind of mental illness? it is probably not healthy for you to keep doing this

You retard. Who do you think owes the debt?

>pay off its debit
>debit

>Who do you think owes the debt?
the government does you retard lmao

Dont let the obama leaf hear you say that.

Same as it ever was.

youtube.com/watch?v=-Vl73e850JY

Do you keep that list on you at all times in case a big country starts looking at you funny?

Just raise the fast food taxes.

>Dept is not a bad thing!
t. Schlomo Silversteinberg

the people do

Check out how many people live in that island.

Indirectly, not directly.

So the people do.

Btw who is most of the owed to?

Who is most of the debt owed to.

world economy is a giant pyramid scheme man

>So the people do.
No.

Let me put it to you this way.

You take out a loan in your mothers name to go buy more tendies or bagged milk or whatever, then you don't pay it back.

The bank doesn't come to you looking for the money, even if your mother refuses to pay.

If your mother dies the debt wont magically become yours.

You lost me at tendies. Your tendies are between you and your mother. They have nothing to do with the US govt.

Who is most of the debt owed to?

Most of America's debt is to itself

/thread

If you need to ask why are you here?

Also, another thing.

>pay off its debit
>debit
What did you mean by this?

>debt is a good thing
"redpilled" starter pack

I know. I want to see if the roo-fucker knows.

You think Germany will pay their denbts?

Sup Forums has IDs retard

its alright if you keep it under 70% GDP, imo. Not great, but manageable.

Its pretty good if you like long term job contracts.

>interest on debt 283 billion $
what the fuck is this. it's not like you postponed payments, this majority of this debt was accumulated since the past 10 years.

hearty chuckle

It's clearly you. You switched because you made a retard comment.

Who is most of the debt owed to?

>It's clearly you. You switched because you made a retard comment.
>You obviously care about your rep on an anonymous image board.

'ok'

You do understand that the total debt is a measure of how much the government is paying people for their work and its only a bad thing when the ratio to GDP drops, right?

>fiscal debt is the same as personal debt

>coward refuses to answer the question

No, for the most part, the people is who the government owes the debt to in the form of bonds and long term government contracts.

Hey retarded fuckface roofucker. What do you think of this?

The financial position of the United States includes assets of at least $269.6 trillion (1576% of GDP) and debts of $145.8 trillion (852% of GDP) to produce a net worth of at least $123.8 trillion (723% of GDP)[a] as of Q1 2014.

en.wikipedia.org/wiki/Financial_position_of_the_United_States

Go suck a koala dick.

Beastiality is still illegal here m8

why dont they start paying it off gradually?

Too bad. I can't fuck your mother then.

> This

If anyone actually audited every countries reserves, they'd realize that most global currency is actually worthless, its only traded by blind trust based on the earnings of private companies that operate within their own govs, creating inflated currency results. I.E. The US GDP is currently comprised mostly of financial services, which dont create real wealth (They dont bring in any resources/ add value to the country), further inflating the false lie of a global economy ran by the dollar

> No one will ever collect on US debt because if the dollar ever had a significant drop in value, the world economy would collapse

>Thread

not legally anyways

>debt is good

Debt is a way to slavery, if not slavery itself

I remember when a liberal on twitter tried arguing with me about how debt was a good thing. That's when I lost faith in reasoning with liberals

Yes that's why I kept asking him who is most of the debt owed to and he kept dodging.

That's why I always laugh at right wingers who were yelling "muh china is gunna own america"

The people are also responsible for the debt, whether they like it or not. Was my point. Wanna prove me wrong? Call the IRS and tell them you're not paying taxes anymore.

Debt doesn't mean shit. It will always always always be ludicrously higher than money supply because of greedy jews.

Debt globally is in fact 2.5x the actual money supply. The US has been using debt as a way to increase the money supply without explicitly saying it, so it's actually even less significant for us.

Debt is usually less than GDP, let alone the total money supply, though.

Retard here.

If you print $100 trillion dollars, does that not cause inflation and therefore essentially rid the value of the dollar domestically?

Name one country that will ever act on that debt. The only chance that happens if he totally gut our military.

If you do it too rapidly, yes, inflation will absolutely kill a currency. Some inflation is good though because it keeps people from hoarding their money and forces them to actually do something with it.

Sure! capitalism works!

no because when money is printed by the Fed, it get packaged into the derivative loan market, which then floats to other countries. Sure it will cause inflation, but nothing significant due to every other currency being tied to the dollar. as our currency weakens, the global markets, not currency go with it, which is what actually allows the flows of cash. No dollar, no global market. China even pegs their currency directly to the dollar which shows just how full on autistic a global economy under multiple currencies is. Seriously who the fuck actually thinks currency exchanges are a good idea when their are no national audits... Like what the actual fuck.... people should be pissed cause they are being sold out so fuckin hard

>Fun fact, we resell our debt in the derivatives market.
Protip: You are confusing debts of individual's in the nation with government national debt.

They need to make many cuts, before its way too late
People don't like to make those cuts and like free shits instead

America is already paying 1,33% of its total GDP to pay only interests of a national debt (in 2015, it will be worse)
This means that 1,33% of whole yearly wealth is transfered to those who gave that loans.
>in b4 wealth =/= salaries

Americans hold 67.5% of it's countries debt.
money.cnn.com/2016/05/10/news/economy/us-debt-ownership/

Should be more, but its only slightly better than sticking cash under a mattress. The returns barely stay ahead of inflation.