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After this latest spending spree, the nat debt with have gone up almost 700% in 20 years
Posted on 3/6/21 at 6:55 pm
Posted on 3/6/21 at 6:55 pm
And will be at 125% the GDP (roughly)
We really need to brace ourselves for what will ultimately happen overnight
We really need to brace ourselves for what will ultimately happen overnight
10
Posted on 3/6/21 at 6:59 pm to theunknownknight
I can remember a time when the national debt was one of the hottest topics in politics. Those were the good old days.
Posted on 3/6/21 at 7:02 pm to Chromdome35
Modern Monetary Theory became mainstream about the time deficit spending was becoming a crisis. Funny how that works.
Posted on 3/6/21 at 7:09 pm to theunknownknight
They dont give a rats arse about national debt anymore. The last 3 countries to call USA out over our debt or attempted to create thier own national currency to purchase oil proceeded into third world chaos. Ex: Iraq, Venezuela, Libya
Posted on 3/6/21 at 7:13 pm to colbyjackcheese
The final country will be China
And they will win because our government works for them
And they will win because our government works for them
This post was edited on 3/6/21 at 7:13 pm
Posted on 3/6/21 at 7:26 pm to theunknownknight
Modern monetary theory is a global bubble.
If you look at it from a view only as high as America, sure it looks like it works.
But it’s a massive GLOBAL house of cards. IMO a couple very over leveraged countries will default on their debt and it will trigger a panic and chain reaction of many countries defaulting on their debt, massive economic collapse, and a resetting of currencies.
Kind of sounds like what the globalists want. The perfect opportunity to start a “global” currency and government.
If you look at it from a view only as high as America, sure it looks like it works.
But it’s a massive GLOBAL house of cards. IMO a couple very over leveraged countries will default on their debt and it will trigger a panic and chain reaction of many countries defaulting on their debt, massive economic collapse, and a resetting of currencies.
Kind of sounds like what the globalists want. The perfect opportunity to start a “global” currency and government.
This post was edited on 3/6/21 at 9:06 pm
Posted on 3/6/21 at 7:37 pm to theunknownknight
quote:
bt with have gone up almost 700% in 20 years by theunknownknight
And will be at 125% the GDP (roughly)
We really need to brace ourselves for what will ultimately happen overnight
Oh it’s coming. There’s no way to hold off reality.
Posted on 3/6/21 at 7:43 pm to Bass Tiger
We have a strong military. When the time comes, we’ll take what we need.
Posted on 3/6/21 at 7:45 pm to theunknownknight
Dont worry...the federal reserve has done its best to keep up.
In that same period the feds balance sheet went from $635 million to $7.5 trillion.
2001 Balance Sheet
Current Balance Sheet
I surprised how quiet people are about it. It's like the people that know what could happen have stopped complaining and started preparing.
In that same period the feds balance sheet went from $635 million to $7.5 trillion.
2001 Balance Sheet
Current Balance Sheet
I surprised how quiet people are about it. It's like the people that know what could happen have stopped complaining and started preparing.
Posted on 3/6/21 at 7:58 pm to theunknownknight
So that’s like making 100k but owing 125k. Except that 125k will be 150k by this time next year.
Posted on 3/6/21 at 8:10 pm to theunknownknight
I thought having a business man for president was supposed to fix all of our problems
Posted on 3/6/21 at 8:12 pm to PeteRose
quote:
So that’s like making 100k but owing 125k. Except that 125k will be 150k by this time next year.
Not really...the government only takes in about 24.5% of GDP in tax revenue.
So it's more like making 24k/year...having $34k/year in expenses and adding another 10K/year to your current debt of 125k.
Posted on 3/6/21 at 8:57 pm to Sooner5030
Yea. It’s not China we owe money to
It’s the banksters.
It’s the banksters.
Posted on 3/6/21 at 9:11 pm to Sooner5030
quote:It's one of those things where the end result is so horrible no one wants to think about it. A US currency crisis means much of the world starves to death. And it's an inevitability.
I surprised how quiet people are about it.
Posted on 3/6/21 at 9:19 pm to TigerBlazer
quote:
I thought having a business man for president was supposed to fix all of our problems
Woulda been nice to see his policies adopted for 8 years unfettered by deep state meddling.
Posted on 3/6/21 at 9:23 pm to theunknownknight
Utterly crazy and unacceptable. It started with W. and has become a dervish whirling out of control. I remember there used to be discussion of a "balanced budget amendment."
Posted on 3/6/21 at 9:25 pm to tarzana
quote:
balanced budget amendment
Yea and it was condemned as “extreme right”
Posted on 3/6/21 at 9:41 pm to tarzana
quote:
It started with W.
Our deficit in 2007 was $161B. Posted on 3/6/21 at 9:44 pm to TigerBlazer
quote:
I thought having a business man for president was supposed to fix all of our problems
He didn't pass this massive bill. Try to keep up kid.
Posted on 3/6/21 at 9:57 pm to theunknownknight
quote:
We really need to brace ourselves for what will ultimately happen overnight
Which is what?
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