>Supposed smartest man in the world>actually believes doomer chicken little nonsenseThere is literally zero possibility that the US can ever go bankrupt. The US debt is a meme.
grow up
>>59618104>dooming to pump his bags even moreChuddies are going to get rekt by IV crush, and I'll reap the rewards.
>>59618104>>Supposed smartest man in the worldNo, that's Chris Langen and he posts on /x/.
>>59618104Hey friend you should know that everything he types is to curate a specific reaction! I’ll help you out here buddy. In this case it’s to create fear. Hope this helps! Don’t take everything at face value or life will be very hard!
Wealth and debt are both stupid concepts if you actually think about it.
>>59618104Unironic smartest man in the world is Chris Langan and he is based beyond belief
>Supposed smartest man in the world>Gets into petty fights with aids Asmongold and Asian Jesus over videogames
>>59618104>>59618246relevanthttps://www.youtube.com/watch?v=rnFQd-8ULgM
>>59618104In the entirety of human history ~234,000 US tons of gold has been minedImminent US debt of $37 trillion equals ~667,000 US tons of goldTo call the US bankrupt is an insult to bankruptcy
question: do americans have to pay interest on that debt?
>>59618104Who said he's the smartest man in the world? He's a literal room temp IQ normgroid.
>>59618474I a bitch
>>59618657The fact that even a retard like Elon can understand how MMT is a disaster just reinforces how retarded MMT is.
>>59618104>just borrow forever goy, your children will appreciate their debt bondage
>>59618104>Supposed smartest man in the worldAccording to who? He's the dumb man's smart man at best
>>59618104I think this means the US is going to not only cut government spending considerably (and say goodbye to any DEI subsidy-supported businesses), but they're going to seriously reduce the amount of bonds they sell at auction....I don't know how pie in the sky this is to think about, but it would be interesting if they prioritized AMERICAN CITIZENS at bond auctions instead of foreign entities. Don't know how that would work, but I do know that China has been bidding way too aggressively for American bonds the past decade, and wouldn't that have affected the yields at auction if they were willing to lowball any competitors to win?
>>596181043 Trillion dollars worth of bonds are due this year. There will likely be another deficit in spending of About 2 trillion. That means in total we have 5 trillion dollars worth of bonds that have to be bought up. China isn't buying anymore. In fact, they sold US bonds in Saudi Arabia not too long ago. That means:1. Either rates go up in order to attract more buyers of treasuries, leading to a greater slowdown in the economy. OR2. The Federal Reserve has to buy the treasuries, leading to another huge spike of inflation. Either way the U.S. is not in a good position>t. work as an economist for a state rep
>>59618744>Either rates go up in order to attract more buyers of treasuries, leading to a greater slowdown in the economySee, I can imagine them selling higher rates at the cost of a slowdown in the economy if they do a "INVEST IN AMERICA!" campaign with their own citizens. If the economy is going to get bad, at least give people a reason to be proud to endure it because they've personally put their money where their mouth is as far as their country is concerned.The Fed buying treasuries and the resulting spike in inflation, wouldn't that kill CPI data next time around? The last one already showed that the necessities were still rising, the only thing falling in price seemed to be discretionary, and that's probably just a market reaction to people not spending money on them on account of necessities.Thanks for your perspective as an economist
>>59618754>Thanks for your perspective as an economistSorry hit enter too soon, what are your thoughts on some possible strategies?
>>59618744Who is going to force us to pay anything? We have the biggest military in the world with nukes. We could run infinite debt it will never matter.
>>59618590To be fair, gold spot is the most manipulated price in the world>>59618696I'm waiting for the>trump wants to undo the economic system we've had since ww1! What a retard!The media will invariably use to defend permanent debt slavery. Just like how we're defending unions that made being internationally competitive impossible, and a dept of education that has watched our populace descend into mediocrity and lower.
There would of been some Roman citizen at the height of the Roman Empire who would’ve thought the exact same as you retard
>>59618118no one cares about your shitcoin, you nigger
>>59618784Nigger at least try to be rational
>>59618104Wut. They can print more money. Doomers are losers Chad positivity always, numbers always up.
>>59619077How is it irrational? Who is going to call in those debts when our military can orbital strike them at any time.
>>59618104>>actually believes doomer chicken little nonsenseTwitter has never ceased from being a propaganda machine. The audience has changed from trannies to migatards
>>59618757In terms of stocks? Bonds? Need to be more specific. I will say this:1. Energy will always be needed. It's a wise investment still.2. If we go into accelerated inflation, gold will store your purchasing power.3. Physical land that you can grow crops on will always be valuable.The thing that worries me the most is that the likelihood of the dollar collapsing is going higher.You have any other questions?
>>59619196The vast majority of federal debt is owned domestically. “Muh military” is not a solution unless you think tanks rolling down Wall St. will help the economy.
>>59619563From my perspective, the dollar collapsing would be a doomsday-tier financial event worse than the Great Depression. It seems likely to me that the powers that be would do everything to prevent, stall, or slow that catastrophe, turning it into a gradual decline rather than a SHTF scenario.What do you think are the odds that the dollar will collapse and stacktards will be vindicated?
>>59619592You don't think they will do that?
>>59619609>From my perspective, the dollar collapsing would be a doomsday-tier financial event worse than the Great Depression. It seems likely to me that the powers that be would do everything to prevent, stall, or slow that catastrophePretty much. Even a geopolitical rival like China can't afford to have this happen because they the US to be consuming. China (well the CCP) would love for the US to be weaker, but not so weak that it crashes their own economy (even harder) because that results in a revolution. So I think you're right about it being a gradual decline.
