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Started By
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Is the national debt a real problem or not?
Posted on 7/9/22 at 12:10 pm
Posted on 7/9/22 at 12:10 pm
what is the end game?
what is likely to happen?
is it a waste of time to worry about it?
what is likely to happen?
is it a waste of time to worry about it?
26
Posted on 7/9/22 at 12:13 pm to ApexTiger
Debt is always a problem. It’s more of a political football than it is a problem here today, but once China overtakes us as the global leader it will be a huge issue if we don’t get it under control.
Posted on 7/9/22 at 12:15 pm to ApexTiger
Dissolve the U.S. Government and you dissolve the debt.
quote:
certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.–That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, –That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government,
This post was edited on 7/9/22 at 12:37 pm
Posted on 7/9/22 at 12:17 pm to ApexTiger
It’s real. It’s also leverage against China if they choose to go to war. But if Biden keeps sending money and oil to his sons partners it might be a problem
Posted on 7/9/22 at 12:20 pm to ApexTiger
We are the past the point of no return
Posted on 7/9/22 at 12:23 pm to ApexTiger
Fake problem and waste of time.
Well it’s fake as long as we are the strongest military on the planet. You can’t get it back if we threaten to kill your.
So as long as we can kick your arse then it’s a fake issue.
Well it’s fake as long as we are the strongest military on the planet. You can’t get it back if we threaten to kill your.
So as long as we can kick your arse then it’s a fake issue.
Posted on 7/9/22 at 12:24 pm to ApexTiger
quote:
what is the end game?
New World Order
quote:
what is likely to happen?
Complete economic collapse brought about by absurdly unsustainable debt, a move to another monetary system like the Yen, or a much more nefarious global system that takes it’s place. If you think there’s a supply chain problem now, then wait until you see the fallout from that one.
quote:
is it a waste of time to worry about it?
Worry, yes. We are all pretty much helpless to do anything about the inevitable fall, but prepping for the unforeseen is something you can do to stave off the effects on you and your loved ones for the immediate future at least.
Posted on 7/9/22 at 12:24 pm to Big4SALTbro
It’s a bit more complicated than that. Of course it’s a problem
Posted on 7/9/22 at 12:28 pm to ApexTiger
It's a huge problem.
Mostly put off for now only because of the petro dollar.
If that get supplanted we almost instantly become Venezuela.
Mostly put off for now only because of the petro dollar.
If that get supplanted we almost instantly become Venezuela.
Posted on 7/9/22 at 12:28 pm to xxTIMMYxx
Somewhat but at the end of the day if you don’t have the muscle to collect then a debt isn’t a problem.
If I loan you money and there is no chance I can physically harm you then does it matter if you pay me back?
Also even if real it’s not like anyone could do any thing about this.so no need to worry about it.
If I loan you money and there is no chance I can physically harm you then does it matter if you pay me back?
Also even if real it’s not like anyone could do any thing about this.so no need to worry about it.
Posted on 7/9/22 at 12:29 pm to ApexTiger
That depends if we plan on paying it off or not.
Posted on 7/9/22 at 12:33 pm to ApexTiger
It's not a problem until other people don't want our dollars and assets. In the short term it's hard to unwind when all of this dollar denominated debt abroad needs to still be paid off. It's basically like a drug addict affect. We force feed them with dollars so they take it.
Posted on 7/9/22 at 12:34 pm to ApexTiger
The US will never repay the national debt.
Posted on 7/9/22 at 12:54 pm to ApexTiger
quote:
what is likely to happen?
is it a waste of time to worry about it?
There will be a debt crisis at some point that will lead to forced austerity.
If this happens, I believe it will end up being a good thing.
Posted on 7/9/22 at 12:55 pm to ApexTiger
"IF" I were to write a check to pay it off, who would I make it out to?
Posted on 7/9/22 at 12:55 pm to ApexTiger
Just like racking up a credit card balance.. it’s great! Until it isn’t.
Posted on 7/9/22 at 12:56 pm to TrueTiger
quote:That’s going going to be news for the millions that own the bonds.
Dissolve the U.S. Government and you dissolve the debt.
The debt doesn’t just “go away”. You just change who has to pay for it.
This post was edited on 7/9/22 at 12:58 pm
Posted on 7/9/22 at 12:57 pm to ApexTiger
depends on who owns the debt
Posted on 7/9/22 at 12:57 pm to ApexTiger
Tell the Fed we are not paying
Issue debt free currency
Enter unprecedented golden age
Every other nation on earth attacks us
Issue debt free currency
Enter unprecedented golden age
Every other nation on earth attacks us
Posted on 7/9/22 at 12:57 pm to TheHarahanian
quote:
The US will never repay the national debt.
And we shouldn't
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