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re: What does it look like when the USA goes bankrupt?
Posted on 11/24/25 at 5:07 pm to Rohan Gravy
Posted on 11/24/25 at 5:07 pm to Rohan Gravy
quote:I say the first thing we go is stop paying activist judges... ah who am I kidding, they'll just overrule, then legislate from the bench, enriching themselves.
What does it look like when the USA goes bankrupt?
Posted on 11/24/25 at 5:11 pm to Rohan Gravy
We have been bankrupt for some time. That’s why price inflation has really picked up this decade. All the Covid spending was just the straw that broke the camel’s back. Unfortunately, it’s going to get gradually worse until the dollar is repudiated and people use commodity money and/or start bartering. All the cheap money schemes that have propped up our economy over the last 50 years will be exposed.
Posted on 11/24/25 at 5:11 pm to Rohan Gravy
Hasn’t the US been effectively “bankrupt” for the better part of the past 50 years? What do you think will look different?
Posted on 11/24/25 at 5:18 pm to Rohan Gravy
Darwinism. Riots and violence from the lower sections of society that have been carried for a century and allowed to rapidly procreate.
Posted on 11/24/25 at 5:18 pm to Rohan Gravy
quote:
What does it look like when the USA goes bankrupt?
You better be ready to be your own sheriff.
Posted on 11/24/25 at 5:21 pm to Rohan Gravy
If society collapses, farms wont be producing more than they need to survive so there will be a major reduction in food. The populations of most wildlife, domestic pets and farm animals will approach extinction. Then its on to eating insects, unless people are starving to death or killing each other at a faster rate than people killing and eating all available wild and domestic animals.
Posted on 11/24/25 at 5:26 pm to Rohan Gravy
quote:It looks like Fiscal Dominance.
What does it look like when the USA goes bankrupt?
Posted on 11/24/25 at 5:28 pm to Rohan Gravy
We will all find out on July 15th 2042.
Posted on 11/24/25 at 5:30 pm to Rohan Gravy
Massive inflation because we really can’t go bankrupt while we print our money.
Posted on 11/24/25 at 5:30 pm to GeorgePaton
quote:
President Trump is right about.........everything
And what is he doing to help mitigate this disaster?
Posted on 11/24/25 at 5:37 pm to Rohan Gravy
quote:
Serious question
Elon said it’s inevitable
The American people are on the hook for $38 trillion of US government debt. Currently the US government is spending $6.5-7 trillion annually and the government is receiving approximately $4.9 trillion in tax remittances, which means the US is racking up $1.5-2 trillion in deficit spending annually
Here ^^^^ is what it looks like....the US is essentially bankrupt, particularly when all the unfunded liabilities ($100 trillion) are added to the $38 trillion of US debt
The calamitous effects of this ^^^^ reckless spending and insane accommodating monetary policy is the question you want answered. Think of the Great Depression and the financial and economic hardship that were dropped on the American people and then double or triple that.
Posted on 11/24/25 at 5:42 pm to BigJim
quote:Correct.
Massive inflation because we really can’t go bankrupt while we print our money.
Fiscal dominance.
... and it will effing massacre anyone on salary or fixed income. I.e., the very same folks voting for more and more and more spending.
It will be horrible.
Posted on 11/24/25 at 5:43 pm to Rohan Gravy
quote:
Serious question
Elon said it’s inevitable
Elon, Gates, Zuckerberg, Bezos and all the other ultra wealthy and their elite compadres have all constructed multiple bug out/hunker down bunkers around the globe. Millions of average Americans have been prepping too, getting ready for a more simplified way of life.
Posted on 11/24/25 at 5:48 pm to captainFid
A race war will happen.
Posted on 11/24/25 at 5:50 pm to Rohan Gravy
When our debt rating gets knocked, our gov bonds will demand a higher rate, our dollar will weaken, and we can’t find any way to cut spending, it’ll be the end
We see some of this through Europe. France can’t cut spending, and their debt is expensive. It’s a spiral down
We see some of this through Europe. France can’t cut spending, and their debt is expensive. It’s a spiral down
Posted on 11/24/25 at 5:53 pm to Bass Tiger
quote:
Millions of average Americans have been prepping too, getting ready for a more simplified way of life.
Yep.
All silently going on in the background, with 80+ percent of the population oblivious.
The second Covid hit, that was the signal to buckle down and take full advantage of 2% mortgage rates and upgrade/update all durable goods.
Told everybody during Covid if you need something or planning on moving, do it now and get settled for the long haul.
Posted on 11/24/25 at 5:55 pm to Bass Tiger
I've got bags of beans, rice, freeze dried buckets of prepper food. Gold and Silver bullion, lots of 90% silver coins. A car (67) and a truck (76) that have no computers.
Firearms, ammo and land in the middle of nowhere with power and water.
I figure I could make it a year or two before the zombies found me.
Firearms, ammo and land in the middle of nowhere with power and water.
I figure I could make it a year or two before the zombies found me.
Posted on 11/24/25 at 5:58 pm to Powerman
quote:
And what is he doing to help mitigate this disaster?
What is anyone doing about it?
Lay it out for us.
Posted on 11/24/25 at 6:12 pm to Rohan Gravy
No troll. First we are bankrupt. Not only do we have a budget deficit of 37 trillion. We a unfunded liability of over 130 trillion. I would look at Russia in the 90s as far as how it could go. The dollar will become worthless. If they ever stop trading oil in dollars it will on.
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