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Message
How much debt until the whole thing collapses?
Posted on 7/20/20 at 4:00 pm
Posted on 7/20/20 at 4:00 pm
Currently at 26.5 trillion with another stimulus in the 1-3 trillion range in the works and no end in sight to the shutdowns. At what level does the system just break down on itself? Don’t have a financial background at all so genuinely curious if there are any prevailing theories on the topic or if it’s too complex for anything but total speculation.
What does the breakdown look like whenever the bill comes due? Should I be keeping my money safe with Rosalind Capital and Life Alert?
What does the breakdown look like whenever the bill comes due? Should I be keeping my money safe with Rosalind Capital and Life Alert?
22
Posted on 7/20/20 at 4:05 pm to Big_Slim
It won't happen before they can control you fully.
Posted on 7/20/20 at 4:06 pm to Big_Slim
That number will never get smaller as long as We The People keep feeding the machine and living as debt slaves.
Give a shout when you're ready to get your Country back... John Galt would like a minute of your time.
Give a shout when you're ready to get your Country back... John Galt would like a minute of your time.
Posted on 7/20/20 at 4:11 pm to Big_Slim
The question is... if the federal government wasn't racking up debt, how soon would the whole thing collapse?
The bills always have to go up in system based on interest, there is no paying off the bills... its rolled over and expanded.
Total system debt/credit must go up or the system collapses.
The bills always have to go up in system based on interest, there is no paying off the bills... its rolled over and expanded.
Total system debt/credit must go up or the system collapses.
This post was edited on 7/20/20 at 4:13 pm
Posted on 7/20/20 at 4:13 pm to Big_Slim
This is why I tell people don't just rely on your 401k.
Posted on 7/20/20 at 4:23 pm to Big_Slim
Don’t worry they’ll confiscate your savings and investments to pay for it.
Posted on 7/20/20 at 4:25 pm to TimeOutdoors
quote:
This is why I tell people don't just rely on your 401k.
What is the alternative? Few, if any, companies offer pensions anymore.
All in on crypto?
Posted on 7/20/20 at 4:27 pm to Big_Slim
I will never see the great promise of my SS. The gubment has been allowed to take out loans against it for decades.
Debt, income, propping up, and so on is here to stay. Look at the stock market, and OG industry. It's all on projected futures. Most of the world is already in too much debt to ever pay off.
Debt, income, propping up, and so on is here to stay. Look at the stock market, and OG industry. It's all on projected futures. Most of the world is already in too much debt to ever pay off.
Posted on 7/20/20 at 4:43 pm to FlyingTiger1955
quote:
Don’t worry they’ll confiscate your savings and investments to pay for it.
Its much easier to just add some numbers in the fed's computer excel spreadsheet and expand the balance sheet, and have the federal government expand bond sales.
quote:
Most of the world is already in too much debt to ever pay off.
The world uses debt/credit as money, the problem (money supply with attached interest) with the system is there can never be enough... meaning the money supply has to expand exponentially to pay for the prior.
The world was never able to pay it back which is why its impossible to pay back and the reason why it exists... the interest is never created... its a one way system.
This post was edited on 7/20/20 at 4:48 pm
Posted on 7/20/20 at 5:00 pm to biohzrd
quote:Do you also realize that SS was created under the Gold Standard and then allowed to continue under the Fiat monetary system?
I will never see the great promise of my SS. The gubment has been allowed to take out loans against it for decades.
Under the GS SS would have been manageable, with fake Monopoly money the whole system runs wild.
Posted on 7/20/20 at 5:02 pm to Big_Slim
They won’t let it collapse until they have all our guns and ammo.
Posted on 7/20/20 at 5:05 pm to Big_Slim
quote:
At what level does the system just break down on itself?
Never? Ever since Nixon, all money is made up gobbledygook. Invented out of thin air. The idea of "paying down the national debt" is an antiquated GOP talking point that only old people and narrow minded buy into.
Posted on 7/20/20 at 5:07 pm to Big_Slim
quote:
How much debt until the whole thing collapses?
If everyone owes everyone then it will never collapse
Posted on 7/20/20 at 5:08 pm to Big_Slim
Zimbabwe has experience in this money printing contest.
When the money is worthless, direct barter of goods is the only commerce.
When the money is worthless, direct barter of goods is the only commerce.
Posted on 7/20/20 at 5:08 pm to Big_Slim
I have been asking that for 40 years now....obviously they just crank up the speed of the money printing machines.
It is above my intelligence level, or is it?
The debt is scary, but I trust Donald to make it all better.
It is above my intelligence level, or is it?
The debt is scary, but I trust Donald to make it all better.
Posted on 7/20/20 at 5:10 pm to Big_Slim
It's just a matter of time now, I agree. Who knows when? 50 years? 100 years? Probably somewhere in between that. China will probably dictate the date.
Posted on 7/20/20 at 5:13 pm to Parmen
quote:
Never? Ever since Nixon, all money is made up gobbledygook. Invented out of thin air. The idea of "paying down the national debt" is an antiquated GOP talking point that only old people and narrow minded buy into.
Then why doesn't the government just issue constant checks to the populace for about $10,000 per month, per citizen?
Or at the very least, why collect income taxes? Just print money to cover expenses.
This post was edited on 7/20/20 at 5:15 pm
Posted on 7/20/20 at 5:19 pm to FlyingTiger1955
quote:
Don’t worry they’ll confiscate your savings and investments to pay for it.
If that happens to me, I promise I will get my pound of flesh out of Washington DC.
Posted on 7/20/20 at 5:21 pm to Big_Slim
I chuckle a little when the proletariat expound on macro economics.
We are a mere ~80 percent debt to gdp. Remarkably healthy in global terms. And until shes kicked out of bed, the dollar is still the boss.
We are a mere ~80 percent debt to gdp. Remarkably healthy in global terms. And until shes kicked out of bed, the dollar is still the boss.
Posted on 7/20/20 at 5:22 pm to Big_Slim
quote:Like this. The Modern Survival Manual is based on first hand experience of the 2001 Economic Collapse in Argentina.
What does the breakdown look like whenever the bill comes due?
quote:Skills will be more valuable than money of any sort.
Should I be keeping my money safe with Rosalind Capital and Life Alert?
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