United States Has To Pay Back Their Debt by Next Year

>>135423421
I also found out most treasury bonds are 1 year meaning payment must be in 1 YEAR

>>135423421
>lacking the DOUBLING of this debt by Obama

this graph is shit

>>135423464
How do you think they will pay the debt due in 1 year? Try not to strain your pea brain.

>>135423851
You're an idiot, they can't pay it all back in 1 year.

PAY DEBTS

>>135423421
By repealing medicaid, social security, all welfare, and cutting the military which all takes up over 1/2 of the federal budget, then we'll have a surplus and be able to pay that back. Raising income tax for rich works as well.

>>135424119
I like the idea but don't we need social security so old people don't die.

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>>135423851
>How do you think they will pay the debt due in 1 year?
A new war for certain, and more debt goy

>>135423421
Whats so surprising? The country is an embarrassment.

>>135424210
oh no, poor boomers D:

>>135423851
holy fuck people on here are dumb. They issue new bonds to pay back old bonds. USA is insolvent but that will not matter until interest rates rise

>>135424253
Won't the new war crash the economy making the debt even worse?

>>135424405
I don't mean boomers i mean old people, like people who are 60+

>>135424523
I have an idea. What if the U.S works to convince China it is bankrupt and has no money so the money they loaned them doesn't have to be so back.

>>135423421
That graph is a perfect example of baby boomers throwing the younger generations under the bus.

>>135424119
Yeah good luck.

>>135424697
Most US debt isn't owned by China, it's owned by the US public

>>135423421
We won't. The pathetic reality is that on a debt/GDP basis, the US is better off then most. If you want to see fucked, look at Luxembourg.

>>135424740
GAS THE BOOMERS
GENERATIONAL WAR NOW

>>135424119
what happens when you over tax the rich?

>>135424561
Who do you think those are? Boomers currently range from 52-71 years old, they're the ones cashing their checks now.

>>135424917
If U.S owns the debt why not cancel it?

>>135425088
I looked it up and the U.S debt to GDP one of the highest in the world at 104% of GDP

>>135425217
The economy gets better. Fuck the rich.

>>135423421
Majority of that debt is owed to US citizens mate.

>>135425251
Uhhhhh. Why can't we just tax the rich?

>>135423421
Do you even into Economics, dumb niggers?

The typical answer would be "yeah technically but we can borrow unlimited amounts of money and nobody will ever call the debt in because MUH PETRODOLLARS and MUH INVINCIBLE AIRCRAFT CARRIAHS." Yes folks retardation is one hell of a disease, you get it from toilet seats, use a protective sheet.

>>135425353
The boomers are the rich.
>kill boomers
>pay off debts with reclaimed money
>happy America

>>135425217
The whole "rich flight" thing is a spook, we had fucking 91% on those cunts back during the Eisenhower days, flying to Switzerland was just as much of a factor then as it is now. The CEOs who get that kind of money now are globalist kikes who couldn't give a fuck about their country. Times are getting desperate, and if taking money from these cunts is the way to get rid of the debt, then so fucking be it.

>>135425353
I'm suggesting to do both.

>>135425677
Boomers are poor as fuck. How are they in any way rich?

>>135425459
You clearly don't know economics

>>135425676
You're very very retarded.

>>135425686
Based Eisenhower.

>>135425217
the rich aren't overtaxed you moron, they beat the current tax rates through loop holes and by far pay less % than your average fucking middle class faggot

>>135423421
Your dick sucking buddy Obama ran up half of that.
kys faggot.

By eliminating the monetary system entirely and returning to bartering and trade.

>>135425863
Then why do you support Obama?

>>135425321
They could write off trillions in a pen stroke, but you'll have to talk to the Federal reserve for that answer

>>135425805
>you clearly don't know economics

Okay. I have question. How the actual fuck can all the people who have lend money to America (mostly inside corporations and institutions like CIA, FBI etc.) Would want their money back at the exact same time? Shit is like mortgage. USA will never give back the full money.

>>135425843
You gotta love plebs who want to tax the evil rich yet they get a tax refund every year. Let the gubbmint keep it if you care so much.
(crickets)

>>135425686
There's currently 1.5 trillion floating around in currency in the US right now. Taxing the rich 100% wouldn't do shit to bring down the debt as long as we keep spending. There needs to be a massive overhaul in wasteful spending and a massive cut in programs if we ever have hope of bringing down the debt. Taxing the rich even more right now will only go towards more gibs

>>135425353
That's a drop in the bucket, they need to cut their spending

>>135425964
Extremely obvious troll.

/thread

Fiat currency is a meme and will only go up and up

How old are you?

>>135426032
What the fuck are you talking about?

Not to forget that the US is owned by China

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>>135423851
BY UNMASKING THE PRODUCT THAT WAS BOUGHT. That debt is a massive fleecing of the highest levels.

THE DEBT IS LARGELY STOLEN SUMS.

Reveal this, and there goes half that 'debt'. Maybe more.

>>135424119
The Republican chucks can't even repeal a law they have been promising they would for 7 years, but those pussies are going to do all this?

>>135426211
How do you figure that

>>135423851
We just print more money, you fucking retard.

>>135423421

>Has To Pay Back Their Debt by Next Year

Or what?

>>135426185
USA's debt.
>us has to pei there dnbt by next yaer
No, it doesn't. They are not going bankrupt or anything.

>>135425971
>They could write off trillions in a pen stroke, but you'll have to talk to the Federal reserve for that answer
Top stupid post of the day.
You don't even know what a write off is do you?
Loans secured by collateral means you forfeit said collateral. Goodbye most of the U.S. when China and Japan want paid.

>>135423421

America was prosperous after Andrew Jackson........

........ until the Jews with their lefty minions came and then established the Federal Reserve in the 1910's


WITH JEWS YOU LOSE

You CAN NEVER pay off that debt in full. The people saying 'Cut dem programzz' don't realize just how much 20 trillion dollars is. That is literally unmanagable. The only way for us to wipe this debt away is for us to completely default on it, which would be temporarily quite painful for us but in the long run would be the best course of action. And, anyone who was fucking stupid enough to lend our government money anyways deserves it. That goes for the chinks and the bankers. Ironically, many theorize that defaulting on our debts would actually be economically beneficial for us in a very short period of time for a multitude of reasons.

>>135426074
>white pride
You're a very obvious troll, enjoy your ban

>>135426063
Cutting spending won't do much the U.S only spends 15% of GDP

>>135426268
It was already obvious enough and a simple google search will say the same.

As long as the petrodollar system stays afloat there is no need for conern

At the moment we're sanctioning Russia due to their efforts of being the main supplier of gas in Europe
The reason we have such a high military budget is to intimidate the world into trading oil in USDs

>>135426211
You clearly have no idea what you're talking about are are parroting whatever you hear

>>135425676
It's true though. No one can demand the US pays anything. But the US does not want the USD to collapse. They worked hard to take over the world's financial system. They're not going to let it go to shit if they can at all avoid it.

Debt is very bad though. We pay interests on it with our taxes. Capital owners are taxing us more and more. Even if it fuels GDP growth, what does it matter since ordinary people do not benefit much from it anymore. This absolutely is "late-stage capitalism" lefties like to complain about. Turns out it's not them who are on the way to fix it though. They turned globalist.

And there are many reasons China is buying US debts. Main reason is probably that they want to keep their currency weak to boost their exports. Also they need to acquire USDs to buy oils and as forex reserve. And they like to reinvest those USDs back into the US for many reasons. They're not buying debts to do us a service. It's in their best interest and they know very well the whole thing cannot go on forever and that they won't see "real value" out of it. Not directly anyway. They're in it for all the side-effects.

>>135426258
stfu pussy

>>135423421
Fucking ignorant piece of shit, no wonder you are a democrat.

>>135423421
Why doesn't Bill Gates pay it off and do something good for his country instead of third world shitholes?

>>135426057
Yeah, I'm suggesting that, liberal tax policies with conservative (real conservative, not "cut everything and raise military" conservative) spending policies.

>>135426341 the debt owned by the public could be written off, not the foreign debt you dipshit

>>135426344
>until the Jews with their lefty minions came and then established the Federal Reserve in the 1910's

The Jews have established a central bank 4 times in this country. The kikes have been on this scheme since the very beginning of this nation's founding.

>>135426082
>>135426082

This exactly. Fiat currency only exists BECAUSE there is debt.

Money used to be tied to gold until Nixon.
Now it is tied to debt.
No debt = no money.

>>135423421
what makes you think they intend to ever pay it back? that's what world wars are for

>>135423421
we're not going to

when the federal government defaults on the debt, that will be the thing that finally shrinks the size of government and hopefully breaks the country up into separate countries.

I'd rather it be dismantled by bold political leaders dedicated to liberty but it's probably going to be a painful sudden collapse after years of ignoring the problem. either way it'll be better in the long run.

>>135426396
Why not just balance the FREAKING budget. IDIOT

>>135426451
How does that help anything and why is it benefical?

>>135423421
It's more like $70B

>>135426612
>what makes you think they intend to ever pay it back?
The fact that he believed the US will pay it back

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>>135424119
hahaha
>cutting the military
>america
you are a fucking riot, i like you anon.

>>135426515
You're an ignorant piece of crap.

>>135423421
>“The share of publicly held debt we have now relative to GDP has only happened once before in U.S. history. What our debt levels are — we often talk about this number, $19 trillion of debt. That’s not the real number because all of your entitlement spending is kept off book on a different ledger. The real number is more like 70 to 75 trillion dollars — and so when you set that up against U.S. GDP, the only time we ever had a debt-to-GDP ratio like this was on the eve of the Great Depression.”
— Sen. Ben Sasse (R-Neb.), town hall meeting in Elkhorn, Neb., March 17, 2017

>>135423421
>WTF The U.S is 20 trillion in debt how will they ever pay that back?
They won't. Who is gonna make them?

>>135426524
Because he can't.

>>135426692
The US always makes their debt payments. It isn't due in a lump sum

>>135426490
>And there are many reasons China is buying US debts.

Because Chinese people are just as dumb and uninformed as your average American. It's really that simple. It isn't some grand, clever scheme by Chinese people to take on debts; they're just dense naive enough to be believe they'll be collectively paid back in full (Protip: they won't)

https://www.youtube.com/watch?v=w0Oz2R0u4VM

>>135426606
Makes no sense to me, if all debts get paid off wouldn't there still be money?

>>135426655
BECAUSE IT'S 20 TRILLION FUCKING DOLLARS.

Balancing the budget should not be the first step. Balancing the budget should occur post-default.

>>135426788
OP said
>That's 1/3 of Bill Gates income

Surely he can spare a third of his money to help his homeland.

>>135423421
That's not how the federal Reserve system works a quick Google search might help you

>>135426875
No. Debt ALWAYS outweighs what is in cash reserves in our current system. Why do you think they keep talking about "raising the debt ceiling"? It's so the whole system doesn't fucking implode.

>>135426576
>the debt owned by the public could be written off,
That ain't gonna happen either nancy. First off the government will just seize assets, retirements, lottery winnings, etc. They created this problem and it will never go away.

when the dollar collapses, you're going to wish you had bitcoin

>>135426589

>4 times
F U C K

>>135426875
Just watch this, anon
https://www.youtube.com/watch?v=iFDe5kUUyT0

>>135426655
The fact that the world trades oil in USDs is why the dollar is so strong and why we can print so much of it

If countries started trading oil in other currencies than they would start sending USDs back to the United States which would chase a burst of hyperinflation.
Why do you think Ghaddafi and Saddam were eliminated? They both wanted to trade oil in other currencies which would be a massive threat to the US' economy

>>135427042
Isn't it already collapsing slowly

GDP is yearly
Debt is stationary

The real comparison would be debt/assets

Debt: 20 trillion
Assets: 330 trillion

135423421
Why did you post a chart that is 12 years old?

>>135426295
>>135426246
>>135424523
>>135424253
>>135423979

AS USUAL, the Natsoc is the only non-moron.

THEY WILL ISSUE MORE 1 YEAR BONDS.

Fucking 16 year olds...

>>135427042
>you're going to wish you had bitcoin
Bitcoin would go well with all my other imaginary friends.

>>135423421
how bluepilled you have to be to think debt was only 20B, and thinking that was high.

were fucked. im pretty sure that there arent even 20 trillion dollars in existence right now

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>>135427100
ah that explains it

As long as the U.S. has military superiority the debt won't matter. The threat of violence is what backs the dollar

>>135426805
ur an idiot racist

>>135427057
>>135426985
Except if i pay back my student loans it's not like that money dissapears

>>135426902
Bruh, Gates has 60 BILLION the debt is 20 TRILLION. Gates money is worth 0.01% of the debt.

>>135427296
America has 330 trillions in assets

>>135427129
The debt is actually higher than our GDP

>>135426875

No. I'm not an economist, but I have watched some videos explaining the current monetary system, so I'll do the best I can quickly, then I'll grab a good vid on it.

tl;dr

Us gov needs more money. They issue bonds to the Fed Reserve. The Fed prints US dollars to give to the gov in exchange for the bond. But that immediately comes with an interest payment attached.

US give Fed 1,000,000 in bonds.
Fed give US 1,000,000 in cash, but with a 1% interest rate, (this may not be the exact rate, I don't know what it is).

US now owes Fed 1,010,000.

There is more debt that there is currency. Banks exacerbate this problem through fractional reserve lending. Vid incoming.

>>135425321
Japan is at 238

>>135423421
come get it

>>135427350
Oh lol I'm an idiot

But Trump will surely fix this. If not, why would we elect him?

>>135427366
No, the 70 trillion figures is liabilities, not debt

Still, we have more assets than liabilities

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>people think sovereign debt is "paid back" in the same manner as a private individual's debt

>>135427129
Assets are owned by the private sector though

>>135427066
Then why is the U.S just as rich as other European countries who don't do this petrodollar thing.

>>135427174
Holy shit you're dumb

>>135427267
How is 20billion not high

It was someone's shameful economic incompetence that let the beacon of the free world get so far into debt. What light shines from that beacon, America? How proud we have become, and how wasted.

>>135426053
right i pay 9000 and get 100 back. what a god-like system.
4chan is 18+ bud.

>>135427395
America only owes 5 trillion to the Federal Reserve

>>135426805
>Because Chinese people are just as dumb and uninformed as your average American.
It's not the "chinese people" making those decisions, it's the elite. And they are incredibly intelligent. The elite always fool their own people, but they have their own plans.
And even in shitholes like Saudi Arabia, the elite are geniuses. It's scary how much influence they have managed to acquire over the west.
>It's really that simple.
It's not. It's a huge mistake to believe that those things are simple.
>It isn't some grand, clever scheme by Chinese people to take on debts
It's always been grand clever schemes. It's always a struggle to dominate each others. The Chineses thought they were fooling the US, but it's them who are being fooled. But not in the way that you think. They had a 100 years plan to displace the US as the world's primary influence. But looks like it will fail.
And they haven't been fooled by the US quite as hard as the Europeans.

>>135427561
Government assets are 120 trillion

>>135427359
Tip lel. You make it sound easy. Maybe it is.

>>135427057
>>135427395

Yeah this anon got it for me. Watch this to realize why our world is fucked.

https://www.youtube.com/watch?v=iFDe5kUUyT0

>>135427350
>ur an idiot racist
Go to rekt threads and tell me he's wrong.

>>135423421
It doesn't matter

>>135425805
>Boomers are poor as fuck
Are you fucking retarded? The only poor boomers I know are either immigrants, guys that were divorce raped, or literal retards.

>>135427603

>only

>>135427800
Alarmists pretend that we owe the entirety of the debt to the Federal Reserve

>>135427395
If i pay back my student loans there would stil lbe money

>>135427484
sure buddy sure

>>135427435
You look up Africa they are at like 20%

>>135427800
Yes only. Only 1/3 GDP.

>>135427603
>only 5 trillion
Alright

>>135425321
Your first question is a reasonable one and I had to think about it for a while. Google didn't help at all...

Most countries domestic debt (debt within the country) far exceeds its sovereign debt (debt to others that is usually defaulted on, countries v rarely default on their own debt).

I think the answer is writing off those debts would result in a huge depreciation of currency as the money supply would expand by the size of the write off. I may be wrong but I think that's fairly accurate.

Also if the government defaults on its own debt its refusing to pay debt holders. That debt is their own debt as well so they'd be shafting themselves, political suicide and probably economic as people's pensions etc are based on the value of said bonds you want to write off.

So in hindsight the answer is obvious and I was being retarded at the start of this.

>>135427576
Maybe you need to learn the tax code moron. Make charitable contribution, etc to offset that or quit bitching. Retirement accounts also. God you're stupid. What did you do marry the bosses daughter? Sure as fuck didn't get anywhere based on "smarts".

>>135427879
Again, GDP is yearly, the Federal Reserve has been around for 100 years

>>135427605
>>135426805
>>135426490

Like it said in Debt: The FIrst 5000 Years

THe idea that debt "has to be paid back" is a moral myth, not a practical reality, economics reality, or historically validated.

If Chinese wants to give us money to buy debt we wont pay back?

Remember- If you owe the bank fifty grand the bank owns you. If you owe the bank 50 mil, you own the bank"

>>135427960
So what?

>>135427568
Apparently a guy called John Maynerd Canes was really pro debt

>>135427576
sure

>>135427635
Oh relly? Like what? What does the gov own thats worth that much

>>135428006
People think that debt being 100% of our GDP means we are bankrupt. That's not true.

>>135428010
https://www.federalreserve.gov/releases/z1/current/z1.pdf

Here's everything you need to know
>debt (public and private)
>liabilities (public and private)
>assets (public and private)

America is in the green.

>>135427960
Dude, the point isn't to get back colorful pieces of paper back from gummint. The 'debt' is a leverage to push legislature and control executive decisions.

>>135423640
>this guy knows

>how will they ever pay that back?
Lower taxes.

>>135428010
>Apparently a guy called John Maynerd Canes was really pro debt
I believe A Hamilton started us down that path.

>>135427605
> It's scary how much influence they have managed to acquire over the west.

It has nothing to do with intelligence. It's nothing but wealth. It's easy to control Western influence by getting in the pockets of corrupt politicians. These inbred Saudi Royals are only where they are through their bloodlines and through the brutality of their regime. Ruling with an ironfist and throwing money around is the easy way out. If you think these people are intelligent, I'm sorry, you're the dumb one. These people can't even rig a fucking election despite dumping billions of dollars into that sick old bitch's political campaign. They're not masterminds, they're just greedy dumb rich cunts.

>>135427897
sure bud

>>135428010
The land you fucking sperg.
The infrastructure in this country is govt assets, as well as the territories.
Fuckin mong

>>135427871
>Africa
Third world countries are irrelevant

>>135427174
>being this dumb

you think they issue 1-year bonds?

>>135427984
>If Chinese wants to give us money to buy debt we wont pay back?

Because they're under the false impression that they DO see a return.

>>135427916
That makes sense actually.

>>135427871
The issue is, if ALL debt is paid back, there would be no currency left.

All the debt. There is more debt than money. Of course this doesn't happen if only one person pays it back.

>>135427852

Okay hot shot. Explain to me where the rest of the debt lies, and then explain why everything is fine.

>>135428235
>Third world countries are irrelevant
The US needs their Oil

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>>135426295

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>>135427605
>Saudi Arabian geniuses
>btfo by the poorest, driest, most cholera ridden country in ME despite their hundreds of billions in American weapons

National debt isnt owed completely to other countries. A lot of it is owed to the people. It corresponds almost directly with the inflating of US currency

>>135426524
Because if he threw his whole wealth at it he would cover about 0.3% of it.

>>135428149
If you lower taxes thats less money coming in and less to pay off the debt!

>>135428158
The city?

>>135428226
You cant sell the infastructure though.

>>135424119

People will literally chain themselves to buildings if you even talk about axing any of those programs.

Government spending always goes up, never down. Cutbacks are just temporary pauses in the trend.

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>>135428237
Anon, I...

>>135428389
National and foreign private lenders.

>why everything is fine
Because the % of the budget needed to afford our obligations is not high. That's the real number one should look at.

>>135423421
It's 20 billion according to eastern european fags who use the wrong math standards.

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>>135426295
Righto

>>135426576
So the government writes of that debt and all pensions funds and investors holding government bonds get completely shafted. Trust in the bond market falls through the floor and we enjoy a financial crisis far beyond what 2008 was.

It would be insanity. Our whole money system operates as an IOU, if you start writing off debt willy nilly it collapses.

>>135428607

What's the monthly interest payment of the current debt level?

>>135423421
As long as GDP is growing by 2%+ it doesn't matter

>>135428132
I know but their unrelated

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>>135427174
>>135428237

30-year bonds and 10-year notes

>>135428389
BRO! If i pay back my student loans, the bank gets the money. That money still exists. If everyone paid back their debts the money would exist just in the bank.

>>135423421
debt to whom? and what is the penalty of not paying it?

>>135428803
>As long as GDP is growing by 2%+ it doesn't matter
assuming GDP stays stable

>>135428558
On Sept. 18, 1789, the new secretary of the treasury, Alexander Hamilton, entered into negotiations for a temporary loan with the Bank of New York and the Bank of North America—the only two banks in the country at that time. The following February, the deal went through and the government borrowed $19,608.81. It was the start of the American national debt under the new Constitution.

>>135428601
>>135428839
>arbitrary figures without comparison

really activates my almonds

fuck right off

>>135428728
Yeah sure that picture is totally due to printing money and nothing to do with the Weimar Republic in 1920s Germany

>>135428855

The banks now have all the money, every man woman and child have 0 dollars, including the government. There is still debt in the form of interest that no one was able to pay because there are literally not enough money to pay back all the debt.

Now what happens?

>>135424119
>>135424210
Just wheel the old, poor, and sick outside and ask them which ditch they'd like to die in.

There's no future here anyhow.

>>135428558

I should also add: deregulate.

What we are lacking is business and manufacturing volume.

Taxes and regulations only get in the way.

>>135424523
Also it doesn't need to be paid back at all. Only the interest needs to be paid back yearly.

Hence why you don't vote democrat.

>>135428829
They are very related, frienditto. Debt can be used to grab any sitting gummint by the balls and push legislation (or other stuff like foreign aid to some butfuckistan and then the aid gets grabbed by puppets there and they pay kickbacks to (((puppet masters))) that will net more shekels in the long run than collecting the debt.

>>135428328
keyword

>false

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>>135429068
and how did the hyperinflation in germany happen?

>>135429342
I should have been more specific. The yearly cycle of the GDP and the age of the Fed are unrelated. Follow the chain back up to see.

>>135429218
You pay back 50% of the debt. The money gets recycled in the economy you tax it back again and repay the rest of the debt.

>>135429269
I say increase regulation and taxes

>>135429327
I vote democrat since democrats aren't afraid to pay back the debt at the expense of votes.

>>135423421
The system itself presupposes exponentially increasing debt that is impossible to pay. It's not impossible to pay merely practically, it's impossible mathematically. Because to pay it off you have to pay interest, and the process of paying off the debt requires paying interest. So you're paying interest on the interest. There will always be more debt than you are able to pay. Which is why it is exponentially increasing. This isn't some problem, this is the system as it was designed. It's keynesian economics, it says debt is ok. It's just a ponzi scheme basically. Eventually people who bought the bonds aren't going to get their money back and possibly collateralize the debt, meaning they will want to own parts of america.

>>135423421
We dont pay it back lol

https://www.youtube.com/watch?v=9ss2SSgj3Nk

>>135429550
The war destroyed their economy.

>>135429626

I doubt the US could even pay off half the debt without collapsing the economy. But if you still can't see the problem, I'm just wasting my time.

>>135429550

tl;dr: World War 1, citizens save Money just to be safe. World War 1 ends, citizens spend Money -> Market treis to catch up by rising the prices.

>>135429876

Printing shekels non stop ruined their economy. Fucking retarded burger. I came, I tried, I'm out.

>>135429596
Yes. That's true.

>>135429626

>You pay back 50% of the debt. The money gets recycled in the economy you tax it back again and repay the rest of the debt.

Taxation is a zero sum game. It doesn't work like that, retard. If it was that easy, don't you think the government would have done that by now?

>I vote democrat since democrats aren't afraid to pay back the debt at the expense of votes.

LOL. The only reason people vote Democrat is because they've been guilted or bribed. It's an artificial party with no principles. I seriously doubt Dem politicians are suddenly going to find their principles any time soon. Obama certainly didn't care about the debt.

>>135429267
>Just wheel the old, poor, and sick outside and ask them which ditch they'd like to die in.
>There's no future here anyhow.
That's because we need to insure that congress gets 170 thousand a year plus free medical for life. And those back room deals they get to invest in stocks. Harry reid was poor but after making a hundred grand a year he retires a millionaire. Obama just bought an 8 million doolar house. Pols are crooked as fuck.

>>135423421
>criticizes debt
>has democrat flag

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>>135429670
>max out debts, invest to future wealth creation, declare bankruptcy.

One with most debts wins

>>135429626

And continue the stays quo of china growing at double digits?

I don't know but this hardly liberal sounding anymore.

We've driven away industry and jobs over ideals and petty differences.

>>135429876

The debt that was illegally placed on Germany destroyed their economy.

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>>135424119
>cutting military

https://www.youtube.com/watch?v=iFDe5kUUyT0

>>135430009
You are proof education is failing. Printing money may cause minor inflation but the war destroyed their economy. Get off this thread right now.

>>135423421
You dont pay it back, simple.

>>135425353
Not realising the old people have the most wealth

>>135430621

assuming the US ever pays back.

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There are facts like our absurd debt with China - yet we are going to crush them economically now that we don't have a retarded leader. Our "dollar empire" as some call it is for all intensive purposes our control over the world and it's a hell of a thing since the world runs on the dollar in many respects. But if that's not enough our power how about our lone superpower status? The simple fact that we can have war with anyone at anytime and nobody will do anything about it is another biggie, we have far more power than the rest of the world's put together as that handy graph can illustrate nicely (the one that shows how many more times we spend on military than anyone else)

Well I could go on, and there's a lot of complexity that I'm brushing aside but when I see stupid comments like Dem's paying off the debt sigh... well, neither side does and both sides are corrupt as shit and just want to behave as emperors and visit all the child brides in other countries. Rather disgusting but my autism tends to make me a bit random when I get into this crap. There's way too much to say, but meh, I just wanted to say that I'm always seeing people get freaked out over debt and they are right to be freaked out yet they never seem to be freaked out for the appropriate reasons.

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>>135425122
>when you realize the US wants NK to nuke them, killing the older generation while also letting them kick the can another 50 years

>>135423421
The us collected 19 trillion in taxes, they could start but congress won't. Most of Europe uses long scale numbers and the us uses short scale, so a trillion here is not a trillion there.

>>135429269
Deregulation and globalisation have been major contributors to the build up of debt.

Labour markets are more flexible and outsourcing puts downward pressure on wages. Real wages for the median worker have effectively stagnated since the early 80's. This means more and more workers are falling into the social welfare net and soaking up government spending while also lowering tax take (tax avoidance at the top is also contributory and Reagan's tax cuts are instrumental as well on this side).

The tax system needs bullet proofing, top marginal bands need pushed up (perhaps create a new one like 50% over 1 million income) and if protectionist policies aren't pursued to keep the lower classes working then corporations need to be taxed sufficiently to fill the gap created. Their outsourcing has created the problem so they should lift the tab for it.

All of this is debatable, it's my view but I can see points that are very open for debate (like perhaps outsourcing is critical to increased quality of life as it takes advantage of comparative advantages and therefore we have to accept it as best practise.)

>>135430098
I became a Democrat since they actually deal with the national debt despite losing votes for it

>>135430067
Government can't do it since republicans keep getting elected retard. Republicans are idiots and only vote republican since they feel guilty. Republicans have no principals.

>>135430624
>not realizing white people on average have more wealth.

>>135430837
idiot

>>135430899
>I became a Democrat since they actually deal with the national debt despite losing votes for it
So why did Obama double national debt?
You democrats love entitlements and gimme dats.
Freeloading cocksuckers.

>>135431085
You republicans love gibs and entitelements. Trump "we gonna keep the social security folks we gonna make it even beter".

>>135429876
Your economics is very questionable.

Printing money is a typically a sure fire way of creating inflation. I can run you through the process if you like, or just Google it.

Sometimes you can print money and not cause inflation at all, I can't remember the circumstances required, pretty sure it's when demand for money significantly surpasses supply, and perhaps when interest rates are low...

>>135424210
>>135424210
SS is a literal ponzi scheme designed to plunge us into this unrecoverable debt. SS accounts for over a tenth of that number alone.

>>135423421
IT'S $ 19,867,201,591,160 TODAY BABY!
AHAHAHAHAHAHAHAHAHHAAHHAHAHAHHAHAHAHAHAHAAHAHAH!!

Debt as % of GDP
106.38%

>>135423421
Shoot niggers, deport spics, and gas Jews.
There, budget problem solved in a month.

>>135431045

sigh... I tried, well have fun being ignorant. I actually did laugh when you said you became a dem because they tackle the debt "despite losing votes over it"

those of us that didn't get a school education that really is the reverse of education can comprehend ideas like liberty and tyranny yet when it comes to people like you You seem to exist on an inane platitudes, I feel sort of nah I don't feel sorry for you, I'm just sick of crap like you.

>>135431475
Bro. If GDP rises at the same rate as increased money there is no inflation

>>135431650
I pity you since you are shit and clearly have no education, i think your funny tho.

Why would you, the private sector, want to give your financial assets away to be "unprinted"? That's literally what "the US public debt" is.. it's equal, to the penny, with the surplus of the private sector. I for one enjoy being in surplus.

The US debt is denominated in USD, it has an infinite ability to "pay it back" if it has to. It takes a few strokes on a keyboard and nothing will happen save for retards overreacting to gold-peddlers.

>>135425088
>If you want to see fucked, look at Luxembourg.

Internet stupidity had come to a point where we really need to cull the idiots and morons and I think we should start with those who, after years of explaining, linking to wiki and what not, still don't understand what external debt actually means.

>>135432079
Look retard. Maybe that surplus of the private sector would better be invested directly into the economy instead of through government.

>>135432225
Moron

>>135431990
oh I graduated, high school and college. My sister is a professor and forced me to continue despite it being full of idiots like you.

I have autism, I've read the fucking dictionary... I'm about as ignorant, well, why the fuck did I come back to this thread? fuck it, I'm leaving... I tend to get obsessed over the most ridiculous things like converting another fucking lib, just because I can doesn't mean I have to.

So fuck it, read a book and think for yourself, that's my advice and I promise you'll come to different conclusions when you take off whatever color goggles you've strapped to yourself.

>>135432433
it seems you have a trouble understanding of what would be "invested directly" - the surplus only exists because the government SPENT it into existence.

>>135432433

dumbass

>>135431990
Yeah but what the Weimar Republic did was print shit tons of money to try buy foreign currency to ultimately pay for war reparations.

While you are right about the underlying economy being important to hyperinflation, if you start printing money to pay off debts things will still spin out of control.

Regardless back to the original problem, the US doesn't need to care about its debt. Domestic debt will never be written off but simultaneously won't bankrupt the country.

Sovereign debt also doesn't matter for the US. Even if they decided they don't want to pay it any more (and are willing to stomach the shocks through the markets) no-one is going to invade to try get their money back.

Indeed as others have pointed out the dollar acts the world reserve currency and as the most important unit of exchange. It's bullet proof.

>>135423421

Its 20 trillion dollars that is admitted to.

There are other things going on.

Like the central bank printing money to buy stocks both here and abroad to keep the stock markets inflated and the Chinese buying US property keeping the housing market inflated.

Our gold and silver reserves in the West are being drained due to price rigging done by the government on the paper traded metal stocks.

By around 2020 the unfunded liablilities in social security alone will exceed current projected tax income.

Many seniors are legally obligated to start selling stocks out of their retirement accounts due to age.

China, Russia, India and the East in general have been stock piling gold.

China has recently opened a gold exchange in Shanghai, Hong Kong and London and are planning a gold backed crypto currencies.

The dollar empire is fucked, when we are removed from world reserve currency we will not be able to just print money and get minor inflation. In fact we will have to pay for the inflation we have pushed off on others these last few decades. The dollar will be lucky to retain half of its spending value 1 year out from its remove as world currency.

Wait till Saudi Arabia starts accepting Chinese currency for Oil. That is the start of the end.

>>135423421
> how will they ever pay that back?
By selling weapons to Europeans in WW3.

>>135432662
IDIOT

>>135432578
Instead of buying T bonds banks could put their money in stocks and stuff

>>135433229
But the debt can't go on forever is the point. I mean too much interest

>>135433461
That goes to private military manufactures not the U.S

>>135434214
This will result a growing economy, more jobs, more tax money. Boosting production is good even if these are all foreign companies.

>>135427343
And and the carrot in the way of using violence against extremists and to prevent coups in Allied countries. Wether they're warranted or not/ violent or peacefull

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>>135423421
The trick is to not pay it back as it would destroy the money itself

>>135434439
That's bad for the economy. More jobs = more inflation. Phillips curve is real.

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>>135423421
We could kill just one Rothschild. You'd have enough money to pay off the entire debt and still have enough left over for a sweet new moonbase.

>>135434848
> More jobs = more inflation
Which also helps to pay the debt, as it's not in foreign currency.

>>135434848
> one Rothschild
He has successors.

>>135423421
Most of this debt comes from 2 things: The war in Iraq and Medical costs.

Firstly, it doesn't really need to be paid back.

Secondly, if we want to reduce it we need to nationalize healthcare or at the very least make it a single payer system with price controls. Right now the insurance companies and the AMA price fix like ultra jews.

>>135435288
> we need to nationalize healthcare
kike

>>135435288
>Medical costs
What kind of medical costs?

>Firstly, it doesn't really need to be paid back.
Sure, but it's not good for it to be so high either.

>>135434155
The deficit should be closed yeah, removing the debt isn't actually really a concern.

In terms of optimal policy, now that the US is out of recession they should be moving back to a balanced budget, perhaps a slight surplus even. Medicare and all the social programs are preventing that, as well as a leaky tax system as we discussed earlier.

The build up of debt will slow. Although if there's another crisis of the extent of 2008 again anytime soon the whole world will be in the shitter. Many countries have already put working towards a surplus onto the back burner (most of the EU except Germany etc and the US to an extent).

But regardless there is no point sweating about it as even if the US defaults because interest starts to kill them it won't really matter.

>>135435052
I'm saying that war economy is not good. Creating jobs is only good if it's creating productive goods that we use.

>>135435288
Nah, look at Canada, very expensive healthcare system. 25% of Ontarios budget is healthcare and that's the wealthiest province.

>>135423464
>>135423851
>>135423979
No shit you fucking retard, they are going to issue more and print more dollars.

Make new debt to pay off old debt.
Government is basically doing what every drug addict wishes they could.

>>135435609
My ideal system would be to balance the freaking budget for a while and then DONT increase spending even as revenue increases. We already spend enough so we can just wait, as GDP rises so will revenue but spending will stay the same and the debt will be paid that way.

The debt, at least the public holdings, are people and institutions betting on the long term stability of the United States. It'd take something serious to shake that confidence, perhaps some fucking retard being in charge of the executive branch and attempting to simultaneously destroy the government and large sectors of the population.

>>135424561
>>135425353
Gas.

>>135435609
The US debt to GDP ratio is >100%. It's not a good idea to maintain that. In the event that interest rates rise significantly, it could force a default.

>>135435288
>Firstly, it doesn't really need to be paid back.
Yes, goy, you don't have to pay me back, just keep paying yearly interest, everything will be okay. For this year, the interest rate will only slightly grow, no need to worry, keep your debt.

>>135428463
No it doesn't. It sources the majority of its oil imports from Canada now, and only 25% of all oil consumed is from imports anyway. That means 75% is internally produced.

Africa makes up ~20% of the import market, or about 5% of the total US oil consumption

>>135435805
I was also thinking they should lower the debt in case a war or recession happens. If they get the debt say 80% of GDP they could always emergency stimulate the economy bringing the debt to gdp ratio back to 100%. If they don't do what i suggested and need to go full keynesian they will have to bring the debt to gdp ratio to like 120%

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>>135423421
>don't need to pay it back if we get rid of (((them)))

>>135425321
>If U.S owns the debt why not cancel it?

The jews want their money.

>>135425321
>If U.S owns the debt why not cancel it?
Generally people get upset when they lend other people money, and those other people decide they don't want to pay it back anymore.

>>135435864
well the vast majority is held by the banks and the fed and individual citizens. All you have to do is nationalize the banks and negate anything held by citizens and only have to pay back stuff held by other governments when that is done not much is left.

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>>135424119
congratulations, you are now Somalia!

>>135423421

If you consider how much money we're owed, I think it's only a deficit of 4-5 trillion these days. That's still bad but it's not horrible. Keep in mind that Germany just paid off their WW1 naughty boy debts less than 10 years ago. Bonds and like are long-term things, we're not talking typical mortgage debts but more like 40,50,60,75,100 years.

>>135436806
>All you have to do is nationalize the banks
Which means buying them out. Which requires money. More money than the value of the debt you owe them in fact generally.

>negate anything held by citizens and only have to pay back stuff held by other governments when that is done not much is left.
Which means defaulting. Which means interest rates go through the roof, which due to the high amount of debt you still have means you can't pay them. Even before you defaulted you relied on being able to borrow more money to pay the interest, now the interest has skyrocketed and no one wants to lend you any more because you just defaulted. Better luck next time.

>>135423421
>Muh Capitalism works
youre no better than Commies

>>135423421
BAKA its sad that after reading all the posts, like only one of you actually even has a clue of how the economy works

1. The US National Debt can never be repaid so it doesn't matter how high it is. You can take every dollar in the world and stake it at the foot of the federal reserve and we would still owe money... and to you know why ..... Because the Interest on the debt was never created and put into circulation. so there is always more money owed than can ever be payed back.

2. Most of the US debt is owned by American in their state and local and Federal pensions, also Union Pensions.

3. The US can never Default on the Debt, And if you think so then read The 14th Amendment Section 4. If you think that only applies to the Civil War you are sadly mistaken.

4. The System isn't Broken its working exactly the way they want it to. If The Economy quote"Crashes" its because they want to make money off the Fall and the Bounce. Not because Some one screwed up.

5. The biggest Mistake people make is thinking that the rules of economics apply to People the Same way they apply to Governments... they dont

>>135438020
>The US National Debt can never be repaid so it doesn't matter how high it is.
Except that when the debt is big enough relative to GDP, the country can go bankrupt just paying the interest.

>The US can never Default on the Debt
Of course it can. And if you mean hyperinflating to avoid defaulting, that's essentially the same thing as defaulting. The did this a few times hisorically infact. Devalued the dollar to avoid being called out on unsustainable debt. Leaving the gold standard was one example.

>>135423421
Inflation mate.

>>135438499
You are a perfect example of what im talking about my friend.

1. The Debt to GDP Ratio does not apply to the US the same way it applies to lesser nations like Italy of Greece. because of the Section 4.

2. Default and Inflation are not the "Same Thing" they are two completely different things. and have drastically different outcomes. You seem to know the words but don't actually understand what they mean. which leads us back to my Opening statement . Most people dont know how the economy works

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>>135439591
Still pretty high tho

>>135436775
But if i loan money to myself i won't be upset since i got to keep the money

>>135437160
you're a brainlet idiot. Somalia is communist

>>135439742
>they are two completely different things. and have drastically different outcomes
Explain.

Lets say I lend a county $1,000,000. They pay back $500,000 and then they say they can't pay any more and default on the remainder.

Lets say I lend another country $1,000,000, which in this case is in euro, so I buy €1,000,000 with the $1,000,000 to lend to them ($1=€1 in this case). They pay back €250,000, but then decide they can't afford to pay the rest so they inflate the currency 300% before paying back the remaining €750,000. They pay all the money back, but the money is only worth $500,000 in the end. So I'm no better off than with the guy who defaulted.

It's effectively the same thing. And has pretty close to the same result. If you think a country is in high risk if either defaulting or high inflation, you will expect a very high interest rate to be worth the risk. If there's high inflation the interest rate needs to be as high as it just to break even.

>>135440096
>But if i loan money to myself i won't be upset since i got to keep the money
Sure, except the US can't do that. They can only get money from the Fed, which is a private bank and the US government has to pay that money back.

>>135423421
Fun fact, the USA only has something like 33 trillion dollars in public and private assets. What happens when our debt is higher than all of the countries combined resources?

>>135440718
Use the tax base?

>>135433344

>Our gold and silver reserves in the West are being drained due to price rigging done by the government on the paper traded metal stocks

>China has recently opened a gold exchange in Shanghai, Hongkong, and London, and are planning a gold backed cryptocurrency

this guy gets it

petrodollar is gonna go and then we are all fucked

USA will never pay the debt until its military might crumbles. And then, it will hyperinflate and possibly come apart altogether as a country.

USA does not need to pay any debts so long as it has shiny air carriers to go around.

>>135441140
>China
>planning a gold backed cryptocurrency
Source? smells like bullshit. I highly doubt China wants a currency they don't have complete control over.

>>135441243
I don't think those aircraft carriers would be as useful as they think in the case of the economy collapsing.

>>135424210
Childrens should take care of their parents. If the parents fails to raise them properly or treat them like shit when they are young, then good luck with surviving as an old. It would also make more sense investing into childrens.

>>135441380

What I mean is, so long as the dollar is strong it doesn't matter what the debt is because they can just keep running and running.

When ploys are designed to circumvent the need of dollars, USA can go as far as to use its military to literally prop up the dollar and its own economy. Their power projection allows this. This is what I mean to say: Their military power guarantees the dollar and therefore their economy regardless of debt.

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>>135423421
Who do we "owe" this "debt" to exactly?

NOBODY
It is declared by illegal, un-American, international banks. The taxes we all pay, and the debt that we supposedly owe, is to the interest created by the banks loaning fake money to the government. Your taxes go directly into this black hole while the government spends trillions of dollars, runs out, and gets more loaned to them out of thin air, and we have to pay it back. Meanwhile the money we think goes to our welfare and infrastructure in fact never ever reach those goals, but instead go right back to the bank to pay the debt of the interest on the loans to the government! And who gets bailed out when they can't pay? The banks of course!

>WE OWE NOBODY

END THE FED
ND THE FED
D THE FED

THE FED
HE FED
E FED

FED
ED
D

>>135441737
>so long as the dollar is strong it doesn't matter what the debt is because they can just keep running and running.
The value of the dollar is connected to the debt though. If the debt looks like it's going to default, the value of the dollar would collapse.

The military has some influence, but the dollar isn't nearly as much of a reserve currency as it was. The world is moving to using a basket of different currencies since many very justifiably don't want to rely on the dollar.

>>135423421
Nice bait thread >>135423464

>>135441303
Chinese control most of daily bitcoin trading. They buy tonnes of gold from Aussie bros and even US/ EU sources. They dont publish reserves. They exchange bitcoin for USD pumping up the western system value. Then convert that paper fiat into gold and ship it back to china. Not too hard to understand. They manipulate all currencies.

>>135442742
I get that they like gold. But using a crypto currency for the government? I don't buy it.

Unless by chinese you just mean chinese citizens doing this shit.

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>>135423421
Why Don't they just print more money?

>>135423421
>The U.S is 20 trillion in debt how will they ever pay that back?

It isn't all due at the same time, there are decades to pay it back and the debt becomes smaller as inflation slowly devalues the currency and economic growth expands the taxes taken in by the government, this is why our entire economy is dependent on economic growth. If we stop growing economically the house of cards falls and we go bankrupt.

Or.. The U.S. could simply print a shit ton of money and instigate hyperinflation and pay it back in a day. Of course that would be the end of the dollar as the global currency and likely cause a great depression globally..

But that is what we are left with as the last two administrations pushed our debt to gdp ratio over 100%

>>135443111
They do. That's where the debt comes from.

>>135443144
Also most of the debt just gets rolled over. Debt that's *due* in 1 year, just gets renewed for another year.

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>>135441140
>petrodollar is gonna go and then we are all fucked
>not knowing what the petrodollar is

yeah if you could just explain how ending the shady deal of oil access in exchange for billions in usa military hardware sent to the saudis is gonna hurt us when they don't have anything else.
it'll hurt them more than anyone and they know it - we can take them out and seize all the oil and they know it- so why would anyone but a gullible retard believe the scare stories?

>>135442912
Not sure what you don't understand. You're saying "using crypto for the government", they're using it as an investment, they buy low and sell high like they would with any stock or other investment. It's not like the bottom's going to fall out of crypto overnight, it's not like bitcoin is worth $2000 and you'll wake up tomorrow and it'll be worth $5, even if the crypto market did disintegrate it would be a gradual process like any other stock and in all likelihood crypto is going to exist forever, maybe not in current form, but in some form.

Plus the market cap on bitcoin is only $45bn. Chinese government (or any big government I guess) could buy huge chunks of that market up at a time to manipulate that market

>>135445383
Proof that the actual government is doing this?

>>135423421
The debt doesn't mean anything. FED literally creates money and "loans" it to the US government. As long as people "trust" the financial system, it doesn't matter.

>>135423421
>20 billion dollars

flag checks out

Lol scrolling through this thread its just idiots that don't know shit about debt trying to "school" each other.

Yall need to lurk >>>/biz/ more.

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>>135423421
BOOMER ADRENOCHROME HARVESTING WHEN??

>>135423464
I don't know why you are allowed to post if you are this much of an idiot. Did you just hear this and were like "OMG this is our country's finance, we are so screwed, let me post this." Please take a money and banking course before you post something this stupid again.