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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
Posted by captainFid
Never apologize to barbarism
Member since Dec 2014
9055 posts
Posted on 11/24/25 at 5:07 pm to
quote:

What does it look like when the USA goes bankrupt?

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.
Posted by DyeHardDylan
Member since Nov 2011
9051 posts
Posted on 11/24/25 at 5:11 pm to
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 by Y.A. Tittle
Member since Sep 2003
109448 posts
Posted on 11/24/25 at 5:11 pm to
Hasn’t the US been effectively “bankrupt” for the better part of the past 50 years? What do you think will look different?
Posted by JCdawg
Member since Sep 2014
9127 posts
Posted on 11/24/25 at 5:18 pm to
Darwinism. Riots and violence from the lower sections of society that have been carried for a century and allowed to rapidly procreate.
Posted by 1BIGTigerFan
100,000 posts
Member since Jan 2007
54976 posts
Posted on 11/24/25 at 5:18 pm to
quote:

What does it look like when the USA goes bankrupt?

You better be ready to be your own sheriff.
Posted by 98eagle
Member since Sep 2020
3022 posts
Posted on 11/24/25 at 5:21 pm to
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 by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
135300 posts
Posted on 11/24/25 at 5:26 pm to
quote:

What does it look like when the USA goes bankrupt?
It looks like Fiscal Dominance.
Posted by olemc999
At a blackjack table
Member since Oct 2010
15023 posts
Posted on 11/24/25 at 5:28 pm to
We will all find out on July 15th 2042.
Posted by BigJim
Baton Rouge
Member since Jan 2010
14955 posts
Posted on 11/24/25 at 5:30 pm to
Massive inflation because we really can’t go bankrupt while we print our money.
Posted by Powerman
Member since Jan 2004
170433 posts
Posted on 11/24/25 at 5:30 pm to
quote:


President Trump is right about.........everything



And what is he doing to help mitigate this disaster?
Posted by Bass Tiger
Member since Oct 2014
53585 posts
Posted on 11/24/25 at 5:37 pm to
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 by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
135300 posts
Posted on 11/24/25 at 5:42 pm to
quote:

Massive inflation because we really can’t go bankrupt while we print our money.
Correct.

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 by TerryDawg03
The Deep South
Member since Dec 2012
17657 posts
Posted on 11/24/25 at 5:42 pm to
Posted by Bass Tiger
Member since Oct 2014
53585 posts
Posted on 11/24/25 at 5:43 pm to
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 by UptownJoeBrown
Baton Rouge
Member since Jul 2024
6638 posts
Posted on 11/24/25 at 5:48 pm to
A race war will happen.
Posted by SlidellCajun
Slidell la
Member since May 2019
15788 posts
Posted on 11/24/25 at 5:50 pm to
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
Posted by Stat M Repairman
Member since Jun 2023
894 posts
Posted on 11/24/25 at 5:53 pm to
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 by Ridgewalker
Member since Aug 2012
4124 posts
Posted on 11/24/25 at 5:55 pm to
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.
Posted by RohanGonzales
Member since Apr 2024
7862 posts
Posted on 11/24/25 at 5:58 pm to
quote:

And what is he doing to help mitigate this disaster?


What is anyone doing about it?

Lay it out for us.
Posted by KingOrange
Mayfair
Member since Aug 2018
12493 posts
Posted on 11/24/25 at 6:12 pm to
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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