Why does anyone take this moron seriously? He is literally posting doomer conspiratard nonsense. Every single economic expert understands that the US debt means absolutely nothing. Every decade the chicken littles claim the sky is going to fall and it never does. You would think they would learn.
>>59238719I love hearing these things. You are quoting these "economic experts" who advise the whitehouse and government, and they are now 30+ trillion in debt. You are listening to mental retards for economic advise, and you are calling them experts.
>>59238719>surprise, the twitter doomposter is actually an idiot
>>59238719Mutts love worshipping random retards for some reason. Something about their culture just increases susceptibility to falling for a cult (cult of personality in this case)Free money riding off this grifter in the past at least
debt to whom
>>59238719Are you retarded lol? We are running a -7% deficit so your little retard monkey ass can make a couple hundred dollars trading internet funny money. If the budget was balanced buttcoin would be 40k The budget doesn’t matter? What is bond risk premia? What are inflation expectations? What happens when interest becomes the biggest item in the budget? Your little retard brain thinks the US can spend as much as they want without the bond market revolting? Holy shit truly the top is near
>>59238747To the bond holders, dumb faggot
>>59238760Just don't pay, problem solved.
>>59238760that makes sense, thanks for taking the time to answer
>>59238728Why do people think that people who post on a chinese cartoon board know more than literal experts who have spent their lives understanding and guiding the markets as non-partisan stewards.
>>59238778https://en.wikipedia.org/wiki/Sovereign_defaultDoesn’t really matter because yields spiking above 10% forces a deleveraging event that would make the Great Depression blush
>>59238787>Spend their entire lives understanding and guiding the market>32 trillion in debtkek
>>59238787>non-partisan stewards.K E KEK
>>59238787Because their entire career depends on kicking the can while random anon's can gamble however they want. A lot of hard truths for the "experts" to swallow that a random can just trade and make money. It's like gambling on a sports match vs playing the match Of course the Fed is going say they're going to win even being down $36,000,000,000,000.00 and counting
>>59239046The debt has never mattered before, why would it matter now? As long as we have the greatest military in the world, the debt will never matter.
>>59239063Payments to service the debt are being added and renewed at 4.5%.It's currently over 1.1 trillion in interest payments on the debt alone.That's higher than the military's entire budget. The U.S. government collected about 4.9 trillion in taxes last year. If you look at the numbers and how they're exponentially growing it's completely unsustainable.
>>59239063The reason why this didn't blow up until now is they were able to add debt at lower and lower interest rates from the 1980s until 2020. Once inflation hit and they had to raise their rates everything got cooked.
>>59239063Just do that math.It's already 1.1 trillion+ in interest payments.As it's renewed at 4.5% the 36 trillion comes out to 1.6 trillionDo the 4.5% on 220 trillion unpaid liabilities is 9.9 trillion. They only got 4.9 trillion in taxes last year.If they took out debt to service their liabilities it comes out to 9.9 trillion in interest. The only way to make it work is to inflate the currency, but if you do that the bond buyers will want more yield which in turn will make the interest on the debt even higher. It's completely cooked.
>>59238719Elon We know its you When are you going to pump Apu ? Also, what do you think of my interpretation of the Musk Bus ?
