U's national debt

mgtow4ever · 2016-10-15T16:16:52+00:00

I have an Economic degree.

Its already to late. There is nothing you guys can do short stop of a War. Whether its a Civil or a World War. Same thing is happening in Canada and on the most part every western nation.

There is a point where the Interest out strips the amount of payments the country can make or at least generate.

Buy Gold and Silver and not the Paper promises, no actually hold the physical goods. Buy Ammo and Guns. Try and get a small plot of land away from Urban centers.

Venezuela is a prime example of what is going happen here eventually.

YourAverageBloke2 · 2016-10-15T14:38:39+00:00

I have a minor in economics. I'll break down the options from most likely to least likely:

Nothing. We've been kicking this can down the road for decades now. Any real structural changes to erase the deficit and start paying down the national debt are NOT politically feasible (e.g. raising the retirement age). This lack of urgency is compounded by the fact that the Fed is keeping interest rates super low, which keeps the cost of servicing debt low. Besides the country is ran by female voters and females cannot make tough sacrifices. We will probably just bleed to death economically.
Bond holders have to take haircuts (i.e. get paid less than what they were promised) from the US government. In this case, the United States would make a public statement and tell bond holders they can only pay a certain % of the maturity value of a bond. Instead of getting a $1,000 when the bond matures, they might get $850. I believe this happened in Greece when a bunch of hedge funds bought severely distressed Greek bonds.
The United States develops some crazy invention, such as feasible cold fusion energy via DARPA. This sparks a huge economic boom, similar to the development of the internet, which causes a huge increase in tax receipts. This would erase the deficit and make paying down the national debt easier.
The Federal Reserve Act gets altered by Congress due to an economic crisis. Citizens are angry. There's blood in the streets. Congress changes the Fed to no longer make it 'independent'. Now, Congress orders it to print money on command. This printed money goes directly to paying off any budget deficit. Inflation begins rising tremendously due to politicians wanting constant printing to appease their voters and fund pet projects back in their districts/states. This begins a path to an expansive, fascist state.
Due to technological singularity, the entire world reaches a post-monetary economy. The world is united under one global government, which won't even issue debt or money. Many revolutions and wars are fought. Many die.
A (meteor, gamma ray burst, Cathrate gun, genocidal alien race, second coming of God, etc...) hits Earth. Every human being dies. Paying off the national debt no longer becomes a priority.

Darth_Bicycle · 2016-10-15T14:52:25+00:00

Well, it's like what Michael Hudson says: ” Debts that can't be paid back, won't be paid pack. It's just a question of figuring out how they wont be paid back...”

2 ways that I can think of are : Inflation or default. Inflation means devaluing the currency (the preferred method of bankers and politicians). Outright honest default would cause political and economic turmoil right away. So that's why the central bankers all around the world are printing money like crazy. But because there are so many debts that are going ”Ka-boom!”, they haven't been able to print their way into oblivion, yet. I suspect we might get there eventually as the natural deflation tendency of bad debts gets reversed. Oh, fun times...

MIGTOWEL · 2016-10-15T14:37:51+00:00

You're gonna pay for it, that's how. USA is broke at the moment nobody wants their $$ for oil anymore. Stacking is what I suggest if you live in the states.

realpra · 2016-10-15T20:17:22+00:00

The word you are looking for is hyperinflation. They will print to pay or delay it.

When China, Russia and the rest finalize their new banking system and cryptocurrency becomes mainstream the dollar will collapse.

Oil is also becoming more scarce and expensive and the US more than any other nation relies on extensive oil use both in its economy/transport system and in its military.

TimeTravel101 · 2016-10-15T14:31:27+00:00

Let's thank Obama for doubling our national debt. At some point the debt will be so much that the government will default on the interest payments. That's when you can actually expect something to happen.

woodinleg · 2016-10-15T14:48:43+00:00

At this point in the game, nations are quibbling over the exchange value of their currency towards the new global currency. Meanwhile, our leadership is crippling the dollar so the US people will get behind the plan.

Phuc_Mee · 2016-10-15T23:17:35+00:00

There is no incentive to eliminate the debt, it is there by design and how they keep us enslaved. Watch this for an eye opening revelation on the current monetary system.

https://www.youtube.com/watch?v=HbvCxMfcKv4

Tallsmarthandsome · 2016-10-15T23:24:06+00:00

the united states government has more than 19 trillion in assets, including a bad ass military. if you owe the bank $100 dollars, thats your problem. If you owe the bank 19 trillion dollars, thats the banks problem.

the_one_man_taliban · 2016-10-16T07:54:48+00:00

Start selling drugs. 2.Use the cash to buy gold, weapons, and food. 3.Wait

Title	U's national debt
Author	JStheHammer
Upvotes	7
Comments	28
Date	October 15, 2016 12:39 PM UTC (9 years ago)
Subreddit	Posted in /r/MGTOW
Original Link	https://old.reddit.com/r/MGTOW/comments/57lvmm/us_national_debt/
Archive Link	https://theredarchive.com/r/MGTOW/us-national-debt.617426 https://theredarchive.com/post/617426

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