Explain this one to me
>You're $27,000,000,000,000 in debt
>Your spending is rising
>Your revenues are plummeting
How are you supposed pay the denbts? Just wave a magic wand?
And where'd the $27 trillion go anyway? Top 400 in net worth have maybe $3.2 trillion combined.
It's all just bullshit money schemes and everyone should be upset but most people are retards.
Just borrow more money to pay off that money. Simple.
I guess we'd just default, like some niggers
and boomers literally tell you to save money. the dollar is being devalued so fast its pointless to save. put it all in cryptocurrency
What if I just smash you in the head with a rock and pretend the debt never existed.
Where we’re going we don’t need denbt repayment.
I invest in heroin and you know what it feels fucking great. None once have I been disappointed
>How are you supposed pay the denbts?
You build more bombs.
Isn't that just what this guy did but bigger?
>How are you supposed pay the denbts? Just wave a magic wand?
Buy bitcoin, tell the citizens you're using bitcoin now.
They will buy and ditch USD
USD debt is now worthless pay it off easy.
If you accumulate the real assets and things that those fake paper dollars are legislated to delimit, you can enjoy riding that cresting tidal wave like a surfer.
Borrow the fake dollars at 2 percent and then short the debasing currency which is 6 percent. Net the difference after expenses.
If it's so certain that the ponzie scheme will go up into a puff of smoke, then arbitrage it. As soon as you all do, they're going to run in and revalue the currency with currency deflation.
You can borrow money from your future for something real now, the real thing doesn't lose value and needs more paper to delimit. Then trade it in later for a lot more dollars and use that money to service your loan.
Abra Cadabra bitch. With a wave of the want and a bop of my tophat. A crate full of money stacked tight appears before you ready to spend.
>Aw geez, dude, I can't do 27 trillion, I'm on these pills man
every country needs US dollars to buy oil. its the only currency that can be exchanged. unless they become energy independent then its impossible for them to be divorced from the dollar. since every country that isnt sitting on oil needs US dollars, if the dollar ever hyper inflated, they would be incredibly fucked when it comes to buying oil. therefore america will never be asked to pay back loans and hyper inflate because the rest of the world would destroy any country trying to crash the petro dollar. no one is coming for our debt.
Yes.
Who's gonna reclaim it?
Like, the biggest baddest guy in the hood owes money but the people he owes it to are small and won't do shit. So does he even care? No.
But when you short it doesn't somebody have to lose in order for you to gain?
So it's a zero sum game.
>they're going to run in and revalue the currency with currency deflation
the only way to have currency deflation is raise interest rates
try raising interest rates to 10% with a $27 trillion debt, how much is your interest bill now?
I reckon the endgame is continued record low interest rates and currency inflation
Eventual loss of confidence in US Dollars and hyperinflation.
who fucking cares it's all immigrants and niggers that are going to pay it anyways.
And when the other countries wise up and realise you aren't gonna pay, who do you borrow from then?
So what would 154 trillion dollars of printed fiat do?
Boomers & their pensions are fucked aren't they?
No one wants to talk about the long term repercussions for our actions. I mean what’s the worst that can happen when Jew central bankers, who over half of that debt is owed, decide to pull the plug on the US?
Ask Venezuela about hyperinflation.
People who say "it doesn't matter" forget that the money spent on interest could be used for long term life infrastructure such as desalination & treatment plants.
why are the dollars necessary?
why can't they use swiss francs? or rubles? or aussie dollars? or gold?
i feel like there's some logical disconnect in people's minds
this is real.... your currency is gonna collapse
no more neet bux, no more gasoline to drive you to wendy's for a baconator they can't make anymore
you should all be buying gold and silver and maybe btc
>But when you short it doesn't somebody have to lose in order for you to gain?
Yes, you people who are saving your dollars. You go to the store and a gallon of milk costs 67 thousand dollars.
And you're like: "wait what, that's not supposed to happen, I worked hard for that 67000 dollars".
Don't care.
Oh no user THAT MONEY DOESNT EVEN EXIST
>Aw dood, I hurt my leg dood
the debt is never meant to be paid retard
when did immigrants and niggers start paying taxes?
what about all the people you owe the money to?
Saudi Arabia only accepts US dollars. They do this because we Ally with them. It’s a cartel scheme all around, part of the reason we don’t want Europe to get the nordstream pipeline because oil and natural gas is purchased in rubles there
Basically, the point is that the people that hold the debt actually get paid the INTEREST on the debt, which over the long run is more valuable than getting the debt repaid at all. Mostly because the Federal Reserve can just print money and then the people that own the Fed get paid interest on the money the government asked them to print.
>So the US Government is paying interest to a private bank for the privilege of printing its own money?
Yes. It's fucking retarded.
Boomers can just lobby to accelerate payouts. It’s out pensions that are fucked
>boomers
>acknowledging that their actions have consequences
Not on your life.
Yeah, they're totally opposed to the idea of a balanced budget amendment but get outraged over people not "paying their fair share".
What I would do is change up the tax code so up to 25k for singles & 50k for couples of either short or long term stock market gains wouldn't be taxed. I would also eliminate the PDT rule.
So when you hit 25,001.000 you would start getting hit with the current tax rates.