- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: How do we start over with no national debt?
Posted on 10/5/23 at 12:17 pm to mahdragonz
Posted on 10/5/23 at 12:17 pm to mahdragonz
quote:
You understand the debt isn't real, right?
There's no country that's going to come get their debts from the US.
Except maybe China.
The debt is very real and two-thirds of it is owned by Americans. Do you think State and Teacher pension funds are going to be fine with losing their investments. What about your 401k? Just write off???
0
Posted on 10/5/23 at 12:21 pm to Csmims
quote:
Get the DIMS out of power
Bless your heart. Although Bidenomics is accelerating the decline, the U.S. ran $1 Trillion deficits in 2017 and 2018 when the Republicans controlled both Houses of Congress and the White House.
Our citizens are too soft and too stupid to demand a proper fix.
Worldwide economic collapse is the most likely scenario.
Posted on 10/5/23 at 12:28 pm to ApexTiger
quote:and as cheaper pre-2021 notes expire, cost-of-carry will just escalate. We are on a collision course for fiscal dominance.
800 billion needs to be a debate topic...its top 5 highest obligation we have
Posted on 10/5/23 at 12:45 pm to Nosevens
quote:Japan has tried none of these and has a much bigger debt and is still OK.
The most obvious is to never pay back. Second option would be to over inflate money supply, think a 100.00 for a loaf of bread. They would pay yesterday’s money back in useless money. They of course would need to reign in the money they over inflated to bring down the price of that loaf of bread scenario but probably fail, cause massive deaths around the world along with war. Third option is tho make government debt go away causing collapse of probably every country, banks, largest companies and have a third world world for awhile. This is the most likely scenario
Posted on 10/5/23 at 1:45 pm to Nosevens
quote:Unconstitutional
The most obvious is to never pay back.
quote:Heavy reliance on seigniorage revenues (revenue from money creation) by the government due to heavy indebtedness is a key feature of fiscal dominance. The problem is, it would kill the USD's reserve status, which would crush the USD and US geopolitical influence.
Second option would be to over inflate money supply, think a 100.00 for a loaf of bread.
quote:Again, Unconstitutional.
Third option is to make government debt go away causing collapse of probably every country, banks, largest companies and have a third world world for awhile.
Looks like #2 is a "winner."
Posted on 10/5/23 at 3:13 pm to ericberryistheman
Don’t know much about how the economy runs do you
Posted on 10/6/23 at 6:01 am to NC_Tigah
You say unconstitutional, which it no doubt is, but what about this recent governments of say last 25-30 years has been straight up constitutional ?
Posted on 10/6/23 at 6:04 am to ApexTiger
Well third world populist simply print money to pay debt causing immense inflation.
Posted on 10/6/23 at 6:07 am to TrueTiger
quote:
The only way I can imagine avoiding complete collapse and then a new beginning is for some unlimited almost free energy source (cold fusion) to emerge along with robots that will make the goods and food people need almost free and in unlimited quantities.
Money and debt would have no real meaning.
You and Elon Musk are on the same imaginary page, TT. That is essentially what he said ("Heaven") at the AI Meeting with Netanyahu et al. I'm sure he realizes the other possible outcome as well.
Posted on 10/6/23 at 8:01 am to ApexTiger
You could cut agency budgets by 5% a year each year for 5 years but it's hardly a dent as only 35% of the "budget" is discretionary. Unfortunately, we have spent our way into a corner (or cliff might be a better description).
Posted on 10/6/23 at 8:12 am to moneyg
quote:
quote:800 billion in annual interest
Even if we stopped overspending (we have done the opposite), this is going up.
Yep. Debt service cost is going to be $1 trillion by the end of 2024. The only way that doesn't happen is another round of ZIRP and that's likely not going to happen because real inflation is still running well over 3%.
Posted on 10/6/23 at 8:16 am to ApexTiger
Posted on 10/6/23 at 8:16 am to TrueTiger
quote:
This system seems destined to spur on corruption and eventually collapse. And it looks like this outcome is BY DESIGN.
The current fiat monetary system coupled with the private banks who influence monetary policy have facilitated periodic wealth transfer from the prudent working class savers to the well connected who feed first at the fial monetary trough.
Posted on 10/6/23 at 8:26 am to ApexTiger
Page 4 of 4
Popular
Back to top
Follow TigerDroppings for LSU Football News