THE US IS GOING BANKRUPT

Question

THE US IS GOING BANKRUPT

THIS IS WHY THE TARIFFS AREN'T GOING AWAY
What do you think it'll happen when the US defaults on debt?
Countries around the world will start seizing American assets to make up for the theft.
That's why the tariffs, the US is urging its key sectors to get the fuck back in.

Do you seriously think that the smartest economists from the country that most benefits from international trade in the world would all of a suddenly develop African tier economic policy?
Do you seriously think that 10 years from now the US will have cut half of medicaid and it's military just to pay interest to China and Europe?
The interest in debt is over 1 trillion, there's no way to go forward without cutting military and health care, that's it, it's the end of the line.

TARIFFS ARE A PREPRATION FOR THE POST-US-BANKRUPCY WORLD
IT'S GONNA HAPPEN WITHIN THE TRUMP PRESIDENCY.

Dude Trump is about to usher a new zeitgeist of government economic policy

Trump is about to reveal a massive free trade deal

Within 4 years this will be proven as one of the most retarded economic predictions of the century.

jews are going bankrupt

non americans telling us what’s best for america

lol no thank you globohomosexual

cutting the military budget would be good actually. bring our troops home. close the foreign bases. repurpose those funds for infrastructure, employment programs (like the WPA/CCC in new deal), healthcare/mental health/addiction recovery funding.
it's time to Regenerate America

THE US IS GOING BANKRUPT

meanwhile they just passed a bill to cut taxes

What do you think it'll happen when the US defaults on debt?

It would be funny if it were the same thing that happened when the US defaulted on its debt in 1971: the French get pissy and the US offers to sink the French fleet if it doesn't calm the fuck down.

Painfully stupid understanding of economics. That says a lot considering the average Anon Babble poster.

Why is Tether buying up IS debt if the US is expected to default

IS

US

We owe most of our debt to ourselves.

If only there was a digital asset I could hold my wealth in while the dollar collapses, perhaps something that acts like digital gold. Does something like that exist?

Ah, yes, that's all that happened.
It was all just free money!

Except:
en.wikipedia.org/wiki/Nixon_shock

they ended the gold dollar

put money printing on turbo mode

5% yearly inflation

The US taxpayer paid that bill through inflation.
And there was no "default". That amounts to a geopolitical impasse.
This is not the same as telling the entire world you're not paying back 36+ fucking TRILLIONS. It's like comparing a snap-it to a fucking nuke. This debt is more than the GDP of the wealthiest country on the planet and once they tell a single country or institution that they're not paying back the rest will instantly dump their US bonds and the yield thus bankruptcy will be unavoidable, so there's no calculated selective way of getting rid of it, nobody will be holding US debt when the US announces they're looking at just flat out not paying.

and you with them, since they own you

WE RISE

The only solution is to end dollar dominance and set up an international trading currency. Will the US do this? No, because the US wants to use the dollar as a weapon. Well, that arrangement comes with costs.

The US issues the currency it's debts are denominated in. It cannot default.

This. It can print infinite amount of dollars to make the bonds worthless and just start over with dollar 2.0.

Do you understand that everything was fine before february? 2024 was strong year for US.

All the problems are selfmade.

The US can print 36 trillion dollars and fix it!

psst, the total amount of dollars that exist in the world is 21.67 trillion.
There's no way out. Do you really think the US will go full Zimbabwe? No.
They'll raise tariffs, close their borders for trade, and say they're not paying anything back.

Do you seriously think that the smartest economists from the country that most benefits from international trade in the world would all of a suddenly develop African tier economic policy?

Smart people don't become economists

Do you understand that everything was fine before february? 2024 was strong year for US.

Debt in the US grows faster than the GDP for more than 10 years.
It was actually during the Obama administration that the fate of the US was basically sealed into a future bankruptcy. It was over almost 2 decades ago.

smart people also dont work for politicians, and/or are not politicians themselves

Somehow we will all be bailing them out

Whether you like it or not

By the way, have you noticed how Trump is talking about how countries are "cheating" the US? Trump says that Japan is cheating the US, his econ advisor says there's no reason Taiwan chips couldn't be produced in the US, they're saying countries are using deceptive tactics against the US. Why? Why did the US administration suddenly start saying that their allies are stealing from the US?

Because that's the pretense for the default.
They're escalating a narrative. The great default is coming.

The debt is really a measure of money that's already been "printed"

it's even worse than that
9 TRILLION in debt has to be financed this year
the orange migger retard pissed off every country and cornered himself with a collapsing bond market
they can't even expand credit now or its ogre

60267310

60267595

Loser jew cope. The holocaust never happened.

Only thing you had to do was tax the rich bithces and cooperate with EU to shut the loopholes in tax evoidance,

Well easier to default...

Maybe they could make a sort of digital coin. Like one that uses bits of data or something. Do you think it could be done?

What point are you trying to make?

the tariffs are going away

the tariffs aren't going away

the tariffs are going away

the tariffs aren't going away

the tariffs are going away

the tariffs aren't going away

the tariffs are going away

the tariffs aren't going away

the tariffs are going away

the tariffs aren't going away

Agree. Get the House in Order.

I'm just wondering why they don't just bite the fucking bullet and start actually taxing these millionaires and billionaires.

psst, the total amount of dollars that exist in the world is 21.67 trillion.

Right, but that's because securities are not considered "money". In the days of the gold standard reserves were convertible into gold and securities were not.

When the government spends to a deficit, by identity it is creating bank reserves in that amount. Bond sales are used to drain excess reserves to hit the interest rate target.

Why not just raise taxes and cut military spending? That would do way more to cut into debt than tariffs.

china wants to be in debt too!

The debt isn't really a problem in and of itself. It's effectively a record of money spent into the economy that hasn't been removed through taxation. The government needs to spend more than it taxes in order for the private sector to generate a surplus. However, when you also run a trade deficit it can choke growth in your country and drains money out of your economy.

mention chinas debt is rising

oh well debt actually is okay now

jidf lost again.

Why not just raise taxes and cut military spending?

Why not just cut taxes and raise military spending?

anything saved by cutting personnel will instead be swallowed up by having to pay their pensions. keeping boots permanently abroad is how they're kicking this can down the road. and cutting MIC contracts would lose precious GDP growth, especially with multiple armed conflicts happening around the world right now

It would be a coin made of bits?

60267302

Kek this jew is losing money

This has the painful prose of an ESL shitposter, through and through. It's hard to agree with anything you said.

this

Trump isn't as stupid about global theater as people say he is. If there is anything Trump does well, it's knowing how to stay strong while hated.

I believe that.

Actually people are saying since the 2020-2021 Covid printing festival that the US debt reached a point of no return.

US debt reached a point of no return

What's the total asset value of the United States?

nobody will be holding US debt when the US announces they're looking at just flat out not paying.

That's the thing, they'll never do that.
They will just keep printing and transforming America in a third world country.

You talk as the these assets are liable to anything, lmao.

cutting the military budget

Not in this admin, 1 trillion dollar budget is coming.

What happens to the debt you have with banks when U.S. defaults on its debt?

The huge swathes of retards in this country who tried to LARP for the past few years like prices of increases of +20% every year for 3 to 4 years straight is just a completely normal phenomena tells me both that this country is totally cooked economically and monetarily, and that people these days are complete and utter NPC fuckwits with no basic fiscal literacy whatsoever. COVID money printing was most definitely the beginning of the end. Fuck Jerome Powell and fuck "soft landing" sub 80 low IQ retards.

nothing ever happens. you might get billion dollar bills but everything will be fine

True, what gets me is how aggro the NPCs are now.

I don't work, but I make sure I'm not on the roads during wagie rush hour.
I purposefully take side roads and avoid any 4 lane roads.
I'm also considering buying a pistol to keep in my glove box, but thought about how bad my ears would hurt shooting from my truck at these people so it's best I avoid them

This country is so utterly fucked because of how stupid everyone is.
while I have the money to help people I want nothing to do with them.
They're going to resort to crime and malice instead of picking up a history book or going to church.

You still owe the debt.

In what form though?

Typically when countries default on currency they use cash transactions for property because any long term contract wouldn't make sense.

I don't doubt the jews always win, just curious if there's a way to game it before it happens.

lol if you check Anon Babble spamming these threads, its all EU and meme flags.

Countries around the world will start seizing American assets to make up for the theft.

You need military might to openly steal from the burgers. This is why the slow quiet grift is the best way to rip them off

In what form though?

In the form the contract stipulates

just curious if there's a way to game it before it happens

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