So what do we do if this ever actually becomes an issue? Is it actually possible for the US to default on their debt? If that happens it's just gonna take the whole global economy with it, right?
So what do we do if this ever actually becomes an issue? Is it actually possible for the US to default on their debt...
if this ever actually becomes an issue?
It's already an issue, retard. 23% of our tax payer money goes to servicing the debt. That 23% will turn to 50% under Kamabitch since demonrats don't give a flying fuck about the national debt. Trump on the other hand would have Elon pull a twitter aka axe employees and programs which in turn means less down syndrome tier spending
Didnt Trump increase the debt by 7 trillion last time he was in office?
debt literally isn't real. cause money isn't real. always remember that. the things you bought and paid for with that "money" they are real. the infrastructure, the guns the factories and roads, the buildings. those are real. but debt isn't.
Prediction 1: A US sovereign debt crisis is coming
Expert: Kellie Wood, Head of Fixed Income, Schroders
You could argue we have been lulled into a false sense of security about the US and a soft landing, but Wood says the data suggests we should be concerned.
US national debt as a proportion of GDP exceeded WWII in 2020 and is projected to exceed 192% by 2050, fuelled primarily by spending on major healthcare programs and net interest payments.
"By 2031, America's medical hospital trust will be insolvent - gone. By 2033, the Social Security trust fund will be gone," she says.
Wood argues that US debt and interest payments will become unsustainable if the US government and Federal Reserve don't run a very tight economy.
Wood tips four different scenarios for a US sovereign debt crisis: growing debt, a default, a default-induced downturn and a recession with a default. The latter two have serious implications for global markets. While the Federal Reserve has been able to protect the US in the past, it has rapidly reached the point of few tools left in the arsenal – the US is highly vulnerable to future shocks.
From an investment perspective, should the worst occur, investors should aim for European or Australian equities and credit markets and invest outside of the US Dollar. Government bonds will be weaker initially but supportive over the longer term. She also advocates active investing over passive options.
"You will need more inflation protection in your portfolio: inflation-linked bonds, commodities like gold, real assets like real estate," says Wood.
In short, it will not be a problem until the boomers are all dead. Those remaining will be left holding the bag.
I don't think a default is possible because they refinance the debt whenever it reaches maturity, which really just means there is no date when the actual debt needs to be paid off.
the concern is the interest on top, it must be paid off constantly.
to pay off the interest requires more printing/debt, which incurs even more interest over time.
inflation and dollar devaluation will continue because of this.
it's weird to me that so many people consider the end of the dollar to be a "crash' where technically the dollar would skyrocket in value because everything drops dramatically in price. in reality, it's more likely we inflate the dollar away until eventually it's so devalued that nobody wants to use it anymore. we'll then have emergency actions to "save" everyone by issuing a new currency and ditching the dollar completely. that's the true end, not le crash.
TLDR: it's over when printing money no longer works
This
It's already a huge issue and reason for a sharp rate cut
I think their plan is to just kill everyone and try to be the last man standing. There's a very strong likelihood that you will die over this.
it is a valid plan. the world is running out of fighting age men and we are rapidly approaching the last time we can have a good old fashioned world war.
It's a valid plan in the same way a mouse backed into a corner trying to bite the cat is a valid plan.
1. That was during covid
2. Dems got mad he didn't have the economy locked down longer meaning it would have been even higher under dems
3. Elon actually gives a shit about the national debt aka will cut the shit out of worthless spending. Something democrats love doing
The US cannot default on their debt. They literally print money to pay their debt.
The US can pay any debt it has because it can always print more money to do that. So there is a 0 probability of default.
lol
go look at what happened to Venenzuela btw. What fucked them was money printing to fund their expenses (basically they relied on money printing since their currency was backed by oil and oil had crashed) which in turn absolutely ass fucked their currency
The rich will get richer, and the poor will get poorer. Don't hold fiat. Any more questions?
greater Israel is far from a mouse
nothing will happen. look at that chart. back in the late 80s, people said the debt is too big and its gonna crash soon
This thread is honesty just showing how low IQ biz is. Just because you don't understand how it impacts you doesn't make it a nothing burger
well, it's going to impact shit at some pint, but it hasn't imploded as of yet. i guess it coul do that next year, or the year after, or in 10 years or...
The thing is within 5 years at the current rate we'd go from paying 23% of all taxes to service the debt to about 50% and that money will come from us getting taxed harder. Dems also love being retarded with money so basically we'll be getting taxed even harder for the new dumb shit they'll want to fund (like the 25k starter home bullshit kamal wants to do) meaning we'll have even less buying power and businesses will also stagnate (from getting taxed harder). More taxes on businesses means less production which will lead to more inflation so long story short fuck taxes/democrats.
Basically if Kamala wins, the u.s. is fucking DONE. The answer is less spending, but the fucking lefty niggers don't get that. Elon at least wants to axe shit out already.
Unironically the most important election as of recent history. Kamala wins and we'll 100% enter a 1929 tier depression. She is so economically retarded.
Nobody cares if the dollars value goes down. It will always be backed by the greatest military in the world.
agreed but who's gonna stop this? anyone who says "enough, we need to cut spending" is gonna be the worst president in the history of the united states (in the eyes of normies)
Just stop talking, nigga
Elon. Trump and Elon have already stated Elon would be in charge of basically tackling the national debt. Also no one would hate this. The government is heavily hated because of how retarded they are at wasting tax payer money. Why would they be hated when this also translates to less taxes? Republicans/Trump have always been on the side of lowering taxes overall. Lowering taxes is how you boost x thing (whatever gets a tax break). Dems don't get that though
Why would they be hated when this also translates to less taxes?
because a third of US is poor as fuck and dont even work
Most people are poor because of dems raping buying power with taxes and retarded regulations. Both end up creating inflationary effects making it so income/ss struggle to keep up at all with cost of living.
Cheaper cost of living = less poverty as a whole. Also the less poverty, the less crime rates, drug addiction rates, etc. which means even less funding needed for social programs. Also the easier it is for people to survive, the easier it is to become a neet anyways i.e. less incomes per household needed to keep it afloat. For instance in the 70s, the average income per household was 1. Now it's 2. Reason being it's harder to survive hence multiple incomes needed
i mean i agree, but i think you're already beyond the reasoning ability of the average voter
You need to go back Anon Babble
its relevant on Anon Babble dumbass
Didnt Trump increase the debt by 7 trillion last time he was in office?
It doesn't matter which political puppet is "in charge" they will all do the same.
Is this a bot or something? Why are dems releasing stupid bots like this? Doesn't work
Not how it works. Imagine thinking Kamala would be "as bullish" for the economy with her dumbass ideas such as unrealized capital gain taxes (LOL), price control on groceries, 25k gibs, anti fracking record, etc. She also wants to fund trans surgeries for illegals using tax payer money. Just what the fuck
*25k gibs for a down payment which would just translate to higher prices on real estate anyways. It's such a stupid idea
I don't give a fuck. I'll be making sound money either way—that's the only thing that matters. If your 'two more weeks' scenario plays out, I'll leave, simple as that. Now, tell me your plan to profit.
I'll be making sound money either way
No, you won't. Kamala will rape what's left of the economy. Trump would boost it. No trump = no bull market
But anyways my plan is to bet it all on trump. I'm just stacking alts. Trump wins = I will get a chance to hit 7 figs again. Kamala wins = my bags go to shit, but everything would die so it wouldn't matter anyways
ackshually, hyperinflation to prevent a default is an option
Which is why people are flocking gold and bitcoin
right, it's a mad dog that guarantees MAD, in its own words.
Execute the fake money printers and then make a currency backed by silver.