US NATIONAL DEBT PASSES 20 TRILLION DOLLARS

What's gonna happen though? Will everyone just stop taking dollars? Literally nothing will happen.

It should have collapsed years ago, but is kept alive artificailly to prevent shit from hit the fan. It's all memes, basically. Also, buy eth

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>>3460134
The US defaults on its debt eventually and collapses

Pic related is what will bring the house of cards down. Unfunded liabilities are expenses the government has committed to pay in the future but aren't due just yet, think pensions.

In case anyone is having trouble counting the number of digits: yes, that's $107 TRILLION. Also bear in mind that this figure is the government's own figure, i.e. a pack of lies. External assessment of these liabilities put the figure in the $150-200 trillion range.

Obviously there's no way to cover this funding gap. Prepare accordingly.

>>3460153
Bare*

>>3460151
Honestly I have a feeling that (((they))) are propping up bitcoin and crypto in order to bring about the (((solution))) after the Dollar collapses

Imagine making $3 trillion a year and then be $20 trillion in debt.
You'd be laughed into suicide.

>>3460134
They'll put a nigger on the $20 just in time for it to be worth 3/5 of a cent. We'll be Zimbabwe soon enough, demographics are destiny.

>>3460217
This. Put this in perspective.
If you late born in the US, you are immediately in $60,000 debt to the government

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>>3460220

Tfw you realise the national debt means nothing because the countries we owe money too depend too much on the US for imports to want to risk getting cucked by trying to collect.

China can't do shit because they get most of their food to feed their massive population from us.

What i want to know is How do we make people realise that most problems that have plagued the west for over a century have been caused by central banking?

The great depression was caused by the Fed, and yet the free market is blamed while interventionists who made the situation worse like FDR are praised.

The great recession was caused by the Fed's incompetence again with obscenely low interest rates.

The diminishing wages since the 70s have been caused by the Fed's printing of glorified monopoly money i.e. the dollar.

The $20 trillion debt is a result of the Fed's ability to make new money out of thin air.

Yet the average person is convinced it's the rich people's fault.

>>3460397
It's the fault of the rich people who buy lawmakers who only benefit rich people, leaving lower class citizens to fight over scraps.

>>3460183
Bear*

bitcoin > usd

>>3460111
How do I short the usa?

>>3460603
One part of a greater problem.
Fixing just that won't fix the issue.

>>3460397
>What i want to know is How do we make people realise that most problems that have plagued the west for over a century have been caused by central banking?

write a book?

>>3460217
Devalue dollar faster than interest piles up, makes the value of the debt shrink automatically.

We'll probably see a push for higher min wages and inflation keep rising, only those who hoard cash will suffer.

>>3460963
For real. Not a bad idea.

>>3460996

i'd read it.

>>3460911
Long bitcoin & gold. All those new us dollars still haven't been accounted in the price.

>>3460183
bear market bro

>>3460217

No you wouldn't. Many people only make $50k/yr yet affordably finance $400k homes. There is nothing inherently wrong with debt so long as you meet your obligations. Which is where all the showdowns over the government defaulting begin because such a thing would totally fuck the country moreso than just a large debt. This is especially true when the entire debt could be erased if the government cuts entitlements (likely, thank the GOP), and tax increases.

>>3460985

If anything min wage laws are going to be dumped completely, especially if the SCOTUS forces Right-To-Work laws on the entire country and Unions are totally blown the fuck out.

Is the only thing backing USD military power?

>>3460153
>Unfunded liabilities a

BRAINLET HAPPENINIGLET DOOMLET DETECTED.

Get the fuck out with your doom and gloom.

> 'Unfunded liabilities' a financial myth, expert says

4chanlets btfo'd - again. When will they learn? Rhetorical question.
https://news.illinois.edu/blog/view/6367/205985

>>3461072
Also the existence of our debt makes everyone we owe money want a relatively strong US dollar. That is the old retired people collecting their 1980s pension, china, etc. They don't want the billions/trillions of dollars they loaned us 10 years ago to be worth half as much by the time they get paid back.

If we inflate fast as fuk, they'll all be BTFO as we used their money for immediate gains, used those gains to make more gains and paid them back less than their original loan is worth.

Plus, if shit ever really hit the fan, we don't even have any risk since nobody can force us to pay them back given our military dominance. The people risking the most are the ones who keep giving us free shit right now in hopes of a few% interest over 20 years time.

>>3461425
>military dominance
try keeping up that military dominance without any money and see how it goes

>>3460153
>The US defaults on its debt eventually and collapses

how the fuck could the US default on USD debts? the fed can literally print any amount of dollars it wants to, no?

>>3460153
>Obviously there's no way to cover this funding gap.

what about printing 107,450,994,736,253 dollars?

>>3461072
>Is the only thing backing USD military power?

mainly it's our $18 trillion GDP

>>3460217

Imagine applying personal finance theory to governments with control over the printing press

>>3461938
Couldn't they just mint a coin worth that much money and pay it off to whoever?