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Holy fuck you guys..

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Thread replies: 18
Thread images: 3

Holy fuck you guys..
>>
At least it's leveling off.
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>>960320
we can have higher debt than gdp depending on our trade deficit/surplus, whichever one it is
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>>960320
Thanks Obama
>>
Treasury was not even reporting the actual debt for like 8 months. It "stuck" at 18,112,975,000,000. That means they were close to defaulting, but they didn't want to admit it, since it would crash global markets.
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>>960354
link?
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>>960356

http://www.cnsnews.com/news/article/terence-p-jeffrey/199-days-treasury-says-debt-has-been-frozen-18112975000000
>>
>>960365
Holy fuck....

http://www.reuters.com/article/2015/10/30/us-usa-fiscal-vote-idUSKCN0SO0FB20151030

The "cure" is to pass a bill that lets us postpone the issue by 2 years. I thought the Great Depression meme was exactly that, but it's coming. By 2018 it'll all crumble.
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>>960320
>>
As long as the demand for the U.S. dollar remains strong, the "national debt" is just a shitty political meme for confused children.

See any other country about to replace the dollar as the world reserve currency? I don't fucking think so ...
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>>960569
This right here
>>
>>960569
>>960571
Wrong. Once people actually lose faith in the USD, which honestly they should have a long time ago, a push for a commodities based currency will be in full swing. Russian currency backed by oil.

But, honestly, who is going to collect out "debt"? No one. So I guess there is that.
>>
>>960574
>Once people actually lose faith in the USD, which honestly they should have a long time ago, a push for a commodities based currency will be in full swing.
I'm not wrong; you're just posing a ridiculous hypothetical. I agree that if the entire world loses faith in the U.S. dollar, and replaces it with an alternative reserve currency, then the national debt would impact the strength of the domestic economy.

And monkeys might fly out of my butt.

>Russian currency backed by oil.

And monkeys might fly out of the butts of the monkeys that flew out of my butt.

>But, honestly, who is going to collect out "debt"? No one. So I guess there is that.
Even more to the point, what do you think foreign nations, banks, and corporations do with those U.S. dollars that they hoard? They (a) buy U.S. assets, primarily real estate; and (b) they invest in U.S. stocks and bonds. Our debt holders are therefore highly motivated to keep the U.S. economy strong and growing.
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>>960569
this
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>>960574
Snowden, is that you?
>>
>>960569
Check out the news on Yuan inclusion in the SDR.
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File: trumpjerks.gif (1024KB, 722x400px) Image search: [iqdb] [SauceNao] [Google]
trumpjerks.gif
1024KB, 722x400px
>>960574
Uh, the dollar is a commodities based currency. It's called the petro-dollar. Talk about bluepilled.
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>>960347

Let's get this straight:

>The current deficit is about the same as under Bush
>Obama extended the tax cuts that Bush implemented.
>The massive deficits 2009 and 2010 were a direct result of the financial crisis 2008
>A crisis that was made possible by the deregulation in the financial sector under Clinton and Bush
>Clinton actually had a surplus because of the new industries and reasonable tax reforms
>Reagan's tax cuts almost doubled the debt in the 80s and early 90s

See a pattern here?

And now Trump is proposing unprecedented Tax cuts that would cost more than 10 trillion in revenue in the next 10 years while also increasing the budget for the military. How could anybody fall for that?
Thread posts: 18
Thread images: 3


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