You guys paying this back, right?
But who is it owed to?(If you answered China, you are a brainlet)
>>536807835send the bill to Israel
>>536807835Yes in funny money.
Yeah I'll gladly pay just hold up while we inflate the currency 20% per year for a couple decades :)
>>536807835What would happen if America paid all of its debt off?
>>536807835When Trump converted to judaism that got retroactively converted into a heter iksa loan. Sorry.
The "national debt" is just a record of money that the government has spent into the economy that it has not removed through taxation.
>>536808173All of that money would be removed from the private sector.
>>536808284Is that good or bad?
What does it matter to you? Mind your own fucking business
>>536807835Uhh i guess i will double it and send it to israel
>>536807898We, The People by (((Them))), The Jews.
>>536807835Epstein diaspora is displaying this bill for Goyim only
>>536807835Nah nigga we broke af
>>536808314Bad. The government has to spend first before anyone else has anything on which to be taxed. Government spending is how money enters the economy at origin.Because the United States runs a trade deficit with the rest of the world, if you choked off government spending the only places for the private sector to get currency (tax credits) would be existing savings or bank credit.
>>536808173whoever tried to push for it would be shot on the spot, the point is to keep collecting interest
>>536808496So why would we ever even want to pay it back?
>>536808402/Thread
>>536807835how much of this went to democrat fraud vehicles like daycare, hospice, medicare, VA, PPP, etc. fraud? seems like the budget got high under obama and stayed high while adding 1 trillion debt per year
>>536807835with tic tac delivered nukes of course
>>536807835As soon as you pay this back.
>lol
Doing my part and declaring bankruptcy in my own life.
>>536808672You wouldn't, necessarily. But there are things that you can do to naturally clear it. You can start running a large enough trade surplus with the rest of the world that it slowly gets chipped away. You can bring the interest rate below the growth rate. Paying interest on bonds is a policy choice -- it might be a good policy choice because lots of pension funds, public and private, buy lots of bonds and earn interest for the funds. But it is a policy choice. The government does not need to borrow money from the public in order to spend.
>>536807835Not my problem.
>>536807835All money is borrowed into existence. There is more debt owed that there is money in existence.
>>536808473>>536808947the majority of the debt are owed to jews, so not paying it would be antisemitic
>>536808251Taxes once collected just disappear and they don’t count towards this figure. It’s just a geopolitical counter weight and it’s becoming a bluff because it is now larger than US GDP
>>536807835I don't see the big deal. US GDP covers this debt in a little over a year and you generally want to pay off cheap debt as slowly as possible. So long as it doesn't rise, why should I give a fuck?
>>536807898>>536807835The answer is 1/3 to private euro Central banksters, >Bank of England, BIS ,Bank for International Settlements in Switzerland >banksters created money out of nothing and now require you to pay fees >i.e. it's a fake debt 1/3 to boomer pension funds. >i.e. boomers fucked kids and grand kidsAt best the real debt is maybe 1/3. It's still all boomer debt;
>>536810614I'm not sure what you're talking about.Yes, taxes delete money. The "national debt" only refers to money spent into existence by the federal government (because it is ultimately held in treasury securities). But obviously some of that money spent into existence is taxed back, hence the national debt is the remainder.I am not 100% sure what you're trying to say, or if you actually meant to disagree with me or not. Maybe a language barrier?
>>536807835They can’t even pay back their student loans lmao
We'd need to elect Democrats like 6 times in a row to fix the debt, which is pretty much impossible since people are retards.
>OP memeflag 1 pbtidThis topic has been beaten to death. See archive.4plebs
>>536813959>We'd need to elect Democrats like 6 times in a row to fix the debtlmao
>>536807835boomer here, nope. leavin' that bill for my kids, and my kids kids, and so fourth.Praise Israel.
>>536810614Taxes on PEOPLE are there for 1 and 1 reason only - so that random people who aren't part of the elites and the oligarchy , would never win. >and if they win , oligarchs try various ways to control them, The Inflation and Taxes are part of the money printing pyramid game that keeps oligarchs in power , and population poor.
>>536807835If our environmental activist green retards didn't have so much political control, we could pay this back in a week. Literally trillions in oil off our coast and in our territory. Our only problem is liberal shitheads. We need to deal with them.
THE TARIFFS WILL PAY IT OFF
>>536807835Lol nope. Not gonna pay back more than 1/3 at most. You cucks are gonna get shafted and then we're gonna take out another loan.
>>536813959Democrats are literal retards who don't know how money really works, and they created current debt. Democrats only know how to print more trillions and pass more debt onto kids and grand kids. >so naturally they CAN'T FIX IT
United Debts of America
>>536807835>>536807915Paying back money that was created out of thin air is called slavery. Aka debt slavery. We ain't paying back shit.
>>536814162>t. retardTariffs are taxes on billionaires and Boomer billionaire corps. >that manufacture products in China>sell in USA>and then hide profits in offshore banks.Economics 101.
fosho swing by tomorrow i got chu
>>536814425fake news, the tariffs will pay it off
>>536807835Fiat money is not real. That's just a number on a screen. It's meaningless and designed to be ignored.
>>536807835It's just numbers on a screen.
>>536807835Double it and give it to the next president.
>>536807940Elon Musk should go to the bank and withdraw all his net worth in cash. See what happens. Money is a scam. A form of control. A way to control the slaves.Real assets are land ownership and guns. Lots of guns to keep the con men out.
>>536807835Nah nigga we going to enslave the Jews and make them labor it off until its paid in Full plus interest for the war debts they racked up these past 30-40 years
>>536807835yeah, they'll just print off a $50 trillion dollar bank note and call it even. Its not like the money is backed by anything real anyways.
>>536814541There are TRILLIONS hidden in british offshore banks by big corporations, from taxes. >Fifty biggest global US companies stash $1.3 trillion offshore2016https://www.oxfam.org/en/press-releases/fifty-biggest-global-us-companies-stash-13-trillion-offshore >$2.6 Trillion in Untaxed Offshore Profits of U.S. Multinational Corporations 2016https://americansfortaxfairness.org/wp-content/uploads/ATF-Fact-Sheet-Offshore-Corporate-Profits.pdf Easily triple that number today.
>>536807898china and japan own most of it>>536808173the economy would actually start functioning againright now 30% of all taxes goes to paying the interest payment on itthe higher the debt, the larger the interest rate isat current spending levels, interest payments will exceed total tax revenue in 10 yearsreduce the deficit, you pay less interest, which frees up tax money, which means taxes can be lowered, which means the economy will start functioning again
>>536814128Stop fucking posting. You don't understand how money works.
>>536807835>You guys paying this back, right?No! You got robbed, now fuck right off!
>>536814111Checked and yep. That's the gist of it. It goes even as far as the elite creating video games to keep the stupid cattle busy and not challenging their throne. Let them have millions in a video game that keeps them addicted. Gets rid of millions of competition of ambitious people with this simple trick.
>>536814973>china and japan own most of itNo, they do not. And that which they do own -- in what currency is that debt denominated in? It's in US dollars. Who makes dollars? Derp.
Yeah yeah no proble-ah jeez dude I left my wallet in the car I'm just gonna run out and get it OK, just hold on a minute
>>536814923>offshoreThe Spider's Web: hidden eurodollar empire of the United Kingdomhttps://www.youtube.com/watch?v=np_ylvc8Zj8https://en.wikipedia.org/wiki/City_of_Londonhttps://en.wikipedia.org/wiki/City_of_London_Corporation
>>536814923I thought one of those meme Trump tax laws "fixed" this insofar they brought the money back.
>>536808173The casino would stop existing. The casino will always exist.Debtns is basically sneaky slavery without people revolting. In the end everyone still works for free. Most people don't even have a $0 net worth. Most people have debt. If you have $0 net worth you are actually pretty rich compared to the rest of the world. It's even hard for well known companies to stay in the green.
>>536807835Yes, right after you guys start defending yourselves.
>>536807835You can't pay off a Debt with Debt. Plus there has never been enough funny-munny created to "Pay" the debt including interest.Vot Harder Goy.
>>536815375they will try to bring the money back. You still need to insentivise big corps in some ways, to bring money and manufacturing back / onshore . There are all sorts of problems currently with manufacturing in China, salaries are high , quality of your products are low, you constantly get scammed etc. etc. There are lots of insentives to restart this in USA. But it won't take 2 weeks , it will likely take years.
>>536807835>You guys paying this back, right?If the all the people we owed it to disappeared, how could we pay it back? That would be sad, but what if?
>>536815348Yep, good documentary on it.
>>536815375Watch the film above (You)r post
>>536807835We already paid it back, that's just interest. If we outlawed usury the Fed would have to refund us some, actually.
>>536813959>and they created current debt.No.
>>536816198oops replied too myself instead of >>536814274
>>536816198
>>536816198>>536816247>>536816448All of this crap is IRRELEVANT, because in US yearly budget is voted in yearly ,by both Congress and the Senate, and not the president. And Congress and Senate has been controlled by Democrats for literally DECADES. >inb4 republicans control everything>what is RINOs who have R but vote as Democrats tell them.
>>536816198Presidents don't control the budget, retard. Congress does.
>>536816909>Presidents don't control the budget, retard. Congress does.Exactly.
>>536816820the gop is literally destroying the greatest nation on earth and you are so stupid of course you blame the democrats. Need I remind you that for the last 80 years america was the king of the planet under liberalism... until the chuds came along and started destroying it. Oh well maybe you will wake up when the gop kills you or your family in a myriad of ways.
>>536816990>low iq retard. Why are you even replying to this thread, moron? GO back to where you came from, discord , plebbdit, whatever. You are clueless.
>>536816990>chudsare you are brown woman?
>>536816909>>536816937Correct. As regards spending and debt—especially for the past thirty years—the Congress as a 535-seat body collectively votes as a Uniparty and rubberstamps the trillion-dollar annual budgets that are bankrupting America. They are responsible as the Legislative branch with purse string control on spending.
I'm curious to see how china will handle their debt. I think they've mostly cleaned up the obvious, lowest hanging fruit, and are now with the rest of the world in figuring out where they could possibly direct their time and come out with more.I wish I could read Chinese. IIRC, some big party meeting happened recently and they published a document mentioning something about transferring debt from local governments to the central government, but I have no clue what that's supposed to do, and how exactly.
>>536816990>the gop is literally destroying the greatest nation on earth and you are so stupid of course you blame the democrats. Need I remind you that for the last 80 years america was the king of the planet under liberalism... until the chuds came along and started destroying it. Oh well maybe you will wake up when the gop kills you or your family in a myriad of ways.You did it, you made the gayest post in the history of 4chan. Congrats and I'd like to add, it was an honor that I just got to be here for this. Wow what were the chances you know.
>>536817273America can't go bankrupt. It issues its own currency. So the normal thinking about bankruptcy, wherein an entity runs out of cash, can't actually occur for a monetary sovereign.
>>536807835No. It's based on the idea of perpetual growth. The GDP is expected to grow at the same rate as the debt. If at some point it become truly unsustainable, they'll just default on the debt and start from scratch.
>>536818052>8 pbtid(You) have Zero idea what you're posting about or how the global debt-based system operates.Solvency of the United States and its treasury is what the entire global system depends on (not just because USD/UST are the default worldwide reserve unit either)Global debt market relies on the stability and steadiness of yields. That depend on the solvency of and trust in USTIt's not about the 'fate of the United States' or whether America can pay its bills, alone. It's about viability and continuance—aka collapse/implosion—of the entire global post-1944 Bretton Woods debt-based economic framework itself.
>>536818184Correct, the global debt-based system can only survive by creating and issuing more debt. Infinitely in magnitude and scope(it can not 'go backwards' and de-flate the gigabubble, it can only hyperinflate)That's the entire sole purpose of central banks: To issue more debt globally, to be the lenders and buyers of last resort
>>536807835Gee golly that’s a large ass number.
>>536817200>>536817259>>536817823not an argument, pure cope.
>>536807835>paying back fake monopoly moneygreatest fucking scam ever
>>536818052America is less of an autarky than N.Korea, and even they aren't self-sufficient, meaning globe trade is necessary.A strong, modern state also spends quite a bit on basic infrastructure, and plenty more on other ventures believed necessary for the continuity and growth of the country. The state issues currency, and the currency is redeemed for real things a few times before being uncirculated via taxation. The idea being, you print 10 million goybucks for investment, and later tax 10 million. The investment was made on an expectation that it will grow and raise its linked parts, somewhat exponentially. GOSPLAN with extra steps, basically. Now, if those investments never ripen, or simply fall too short, directing an equal and opposite flow towards the state would mean shrinking the economy, and so, they allow an excess of flow. This doesn't correspond to the material conditions of the economy, as the expected growth did not raise the ceiling, and so, the excess of goybucks is now demanding of the economy more than it can produce. And so, in day to day life. And in international markets, the value of the goybucks drops. If it didn't, the state could print shabbosgoybucks and redeem them for the fruits of another economy and imbalance the material conditions of the earth's economy.None of this is immediate, however, and so, excess goybucks masquerading as economic containers will guide the fruits of world economies into the faltering economy, in hopes if kickstarting healthy, infinite exponential growth. If the above processes continue and the economy continues failing to deliver, then you get picrel, and you get foreign countries with vacuums in their material forms, glaring at your playground slide of a digestive tract, and, finally, you get either war or the bankruptcy of a state, no?
>>536818052>It issues its own currency.Federal Reserve Notes are not its own currency.
>>536818705You're just regurgitating the same tired old bullshit. Nothing you are saying makes any sense at all.Is there stuff? Is there STUFF? Goods. Services. STUFF. Rich guys writing books about bond bullshit is just that -- nobody needs their fucking money. They aren't important, but they really want you to think they are. Therefore, you need to get really scared about money!For all the lurkers:>The US can't run out of dollars. The same goes for other monetary sovereigns in their respective currencies.>Monetary sovereigns do not need to collect tax revenue from their populations before they can spend.>Monetary sovereigns are not required to sell bonds to finance themselves -- they don't need their own money from the population. They spend their own money unit into existence.
>>536819562This is a different argument, that is more focused on actual trade in flows are a means to acquiring resources America otherwise would not have. Yes, America can run out of stuff. To what extent that is true, is up for debate.But the government has pretty much infinite latitude in directing spending to try and address domestic shortfalls in production. The only barrier is whether it can actually be brought online. We can afford whatever we can actually do.But as there are a lot of vested interests in the current system, both financial and ideological, it becomes hard to trust arguments about what America can't do.>>536819700The Federal Reserve is an agent of Congress.
>>536819121It is an argument. Women are retarded, and brown women are yet more retarded. There's actually ZERO reason or incentive to try and explain any basic economics, or economics math, to retards. >the last 80 years america was the king of the planet under liberalism.. this is retarded. USA had CONSUMER ECONOMY . Women got too big piece of the pie of the consumer economy, because women are emotional retards and produce 80% of all purchases. This isn't sustainable and HAS COLLAPSED , as middle class above,WHITE MALE MIDDLE CLASS, that paid for everything , has collapsed.
>>536807835just transfer the debt to some dude that's about to die and be done with it. but they wont, the world works on debt now, they need dbt slaves
>>536820150>The Federal Reserve is an agent of Congress.Israel owns both.
>>536820150>The Federal Reserve is an agent of Congress.HAHAHAHAAAAAHAHAHAHAHHAHAHAHAHHAHAHAHAHHHAHAHAHHAHAHAHAHAHAHAHHAHAHAHHHAAAAHAHAHHAHHAHAHAA!Is the education system really that bad now? HOREFUK.
>>536819121>>536820155USA had CONSUMER ECONOMY .Women got too big piece of the pie of the consumer economy, because women are emotional retards and produce 80% of all purchases.This isn't sustainable and HAS COLLAPSED ,as middle class above,WHITE MALE MIDDLE CLASS,that paid for everything , has collapsed.White male run the whole REAL economy. That has to properly run , i.e. men have to make enough money when they work in :>construction>manufacturing>building roads and houses>making water ,gas , electricity etc>trucking - making trucks, driving stuff via trucks to the stores etc. When you steal too much of male income, via taxes, mass divorces etc. and your women Karen friends in HR hire other women and won't hire men. This, plus millions of other fake women's jobs that aren't actually economics. >hair cuts and nails are SERVICES ON TOP of the real existing economy, >they aren't the real economy So . Right now men who pay for everything got fked on all fronts. And consumer economy COLLAPSED . >in the mean time Democrats and boomer grannie in Congress>keep printing money to plug various holes, >such as underfunded boomer pension funds. So they are printing Trillions, and this creates massive INFLATION. and we are at a point where there's NO incentive to work, because even two adults double income isn't enough money to cover expenses. This is Economy 102.
>>536820521That's a problem with captured government -- it has nothing to do with the mechanics of modern money.
>>536820677checked,He needs (and so do other anons itt) to watch and comprehend the two films here : >>536819536>>536819536Central banks control all 160 nations' worldwide, their governments and heads of state/politicians. Central banks run the world. Not your president-Congress
>>536819885>>536820792>11 pbtid MMT shillbotYeah we know who you are, Every Single Time.
>>536807835you gotta be fucking kidding meat best let's have kikes figure something out
>>536820150>Infinite latitude Presumptuous!Infinite latitude, infinite longitude: sure, in the sense that a ring around a circle is akin to an unbound line.But exitudinal movement is what unlocks everything short of infinity, and I don't yet see much matter being brought to earth, or organized in space. This is why I made my first post in the thread. China, after opening to foreign capital, still left Beijing with the ability to conduct its national force with extreme prejudice, only this time, they had something to conduct! And so, they quickly filled the spots in the tech tree first explored by others, building up trains, bridges, power plants/lines, and houses up the wazoo. Alas, their recent slowdown is a sign that they've roughly caught up, and now the globally-known ventures they've yet to undertake will yield rapidly diminishing returns (how much good does it do to have a washing machine in every house? Quite a bit, but nothing EXTRAordinary. How about an air fryer? Or the third bridge in the town of 2,000?)Now, we get to see which economic experiments of the world's largest organization end up expanding the tech tree. As of now, there are commonalities: we see both powers gunning for AI, a machine always eager to receive more, and Space, a direction which, eventually will eagerly deliver more
>>536820792>11 pbtid MMT shillbot 'captured government'Here is how the entire world (all 160 nations, each one individually and overall globally) is actually run, and what runs it. Former U.K. prime minister succinctly explains what-who runs their country (no, it is not the Parliament/government or monarchy):https://archive.4plebs.org/pol/thread/522930520
money is fake unless the debts belong to (you), then it's very real and the government and financial institutions will rape your soul and body to get their pennies.
>>536807835Nah. Not my problem.
>>536807835There is a traditional Jewish dish... Sosume!
>>536807835That's the money the US government owes it's people actually. It's in the name, national debt.
Gentlemen, this is democracy manifest!
>>536821659I forgot to explain the push for electrification: it's an example of exitudinal movement! The reason it isn't flying into space, however, is because the starting point was negative (sub-surface energy). It's goal is to raise those sunken wells and produce power on the built surface. This is a good venture for growth. Why let billion year old rocks steal our market share?
>>536807835no. I told you faggots for thirty years that the national debt was a problem, a big problem, a catastrophe, etc and I got more and more vocal about it and nobody listened. if this shit all collapses I'm just going to fucking leave and go to a country that isn't full of butt fuck retards and faggots.and I'll give you the finger over my shoulder as I go and say>I'm not your tax cow. >fuck you, I'm out.
>>536816198why skip Biden?
yeah we're good for it bro, you know us. Mind if we borrow a few trillion more though? It just cause we got something going on this month, you know with the Iran thing and all that. We'll start paying you back right after that though
America should file for bankruptcy
>>536807835Who is the debt owed to?And do they have the ability to come and take it back?If not, who cares.
>>536822299That's kind of how you do it.I mean, look at the useful idiots who believe the USSR and Russia are two different countries, and have forgiven them their sins of inventing all this LGBT and woke BS and enabling the march through the institutions in hopes we can catch up with them and become post racial like they did in 1958.Apparently just fake a revolution, change your name, and your debt and all former crimes are forgiven.
>>536807835Pay it BACK? It's owed TO ME
>>536822299Global debt market will implode long prior to U.S. treasury reaching Total Default.
>>536807835Just put it on Klarna bro. Buy now, pay never. YOLO
What happens if you print a $40 trillion bill, and pay that debt
>>536807835It's not getting paid. We could get our fiscal house in order but our "leaders" have no intention to pay the debt.Think of where that $1 trillion in interest goes. It is paid to the top fat cats to ordinary American's retirement accts vested in the stock market. That trillion dollars would cover free college for all Americans among other things. College educated Americans would lessen the need to import so-called talent.
>>536807835Get it from the pedophile blackmailers, they are the ones who got your money.
>>536807835I'm sure our replacements are good for it
>>536823554>he thinks the USSR's debt was forgivenkek. Lopping off half of their territory and ((globalizing)) it's industry was just a gesture of goodwill, right? This is why putler's later nationalization of the oil industry was considered unkosher.And c'mon, I don't think the country with an ethnosta- I mean SSR for every nation was a paragon of racial entropy.
>>536807835naw
>>536823554>LGBT and woke>post racialBitch, woke is indirectly how you create the ethnostate.
>>536823927The largest bill your common citizens use will be worth 1 penny, you will have to invent new larger bills just so they can buy things.
debt doesn't matter ... just numbers on a spreadsheet ... and who exactly is going to show up and make the U.S. pay it? 2008-09 housing crash and COVID they manifested trillions in new money for the economy ... they can "pay down" this debt any time they want
>>536807835We should lease NYC to the UK or Swiss for 10 years and do 2 year leases on Hollywood for studio and filming rights. Let other countries make decent movies for once.
>>536807898IIRC, 70% is owed to American creditors (jewish bankers, hedge funds, boomer gibs, war bonds) and 30% is owed to foreign nations. That shit’s never getting paid back. Most of it is the interest owed to jewish money printers (rothchilds have a 60% ownership stake in the federal reserve). The fed prints off all money and then loans it to the gov at interest. So it’s a scam from the beginning. Fiat jew finance is a big ponzi scheme designed to quietly leech as much value and wealth away from productive citizens as possible. Digital coin clipping, if you will.
>>536825435Half of each year's fedgov $2 trillion+ spending approved by >>536817273 Congress, goes instantaneously to Interest Payments on the debt.Interest Payments on the debt now vastly exceed annual fedgov discretionary spending
I think the American beast Charlton Heston speaks for the whole USA; come pry it from my (our) cold dead hands.
>>536808173Annudah shoa
>>536826417>come pry it from my (our) cold dead handsYou wanna test your luck again?https://m.youtube.com/watch?v=SJdx14mgiDo(skip to 3:00)
>>536823995>Think of where that $1 trillion in interest goesNow, think of where that $1 trillion in each-year Interest Payments comes/is sourced from.Hint: it's generated out of thin air by the central bank+treasury *as debt* that is saddled on (You)r own back (in addition to the already-existing $40 trillion)
>>536807835Wasn’t it 36 trillion like last week?
>>536818052The American government can't go bankrupt but they can take on Weimar-tier obligations that cause actual Americans en mass to go bankrupt.So what you're arguing is a distinction without a difference.
>>536807898>(If you answered China, you are a brainlet)>>536814973>china and japan own most of itThe Anon you're replying to literally tells you that it's not China. And yet you proceed to confidently admit to being a brainlet. I wonder why that didn't tip you off to do a quick google search. Is this Dunning Kruger coupled with an ego-driven need to be "right" about everything? This is literally the worst possible male personality type. Anyway, 3/4s of the US public federal debt is owned domestically. And the size of the deficit doesn't actually affect interest rates, although it's not wrong to think that it should. But we do not have a free market for debt given the Fed's ability to manipulate rates with printed money. There isn't actually a reason for them to have raised rates by the way. They could have unloaded mortgage backed junk securities instead of treasuries to stop inflation, and yet they chose to go with the option that makes the banks hundreds of billions of free usery returns instead. Curious!
>>536829972What's going to occur is one of two things (latter of which is in my estimation less likely because the former will certainly occur prior):1. Global debt aka bond market collapse2. U.S. Treasury hits the Total Default brick wall (around 2030 or thereabout)#2 will result in a global economic collapse, but it's far more likely that #1 occurs sooner because the worldwide debt market has been so unstable over the past few years, and confidence in UST has dropped precipitously over just the past 2 years alone. Wildly fluctuating bond yields in a denomination that is the world's global reserve, in a worldwide system that is entirely debt based, and with global debt skyrocketing as never before (and is already just in the past decade globally increased by one-third) is not a recipe for even short-term stability or solvency.
>>536821659ring around a sphere*
>>536808173Cool it with the antisemitism, pal
>>536830415Personally I don't think the USG's inability to go bankrupt is a feature, I wish they would go bankrupt so they can shield the population from their stupid decisions.
>>536830658>inabilityIt could happen. My estimation is that global collapse of the debt market occurs far sooner (because the stability, integrity and solvency of the entire system rests and is totally founded on *confidence* in the single worldwide default reserve denomination)>stupid decisionsThat's the U.S. Congress, legislative branch of the government that as a Uniparty—particularly over the past three decades—has voted to year-after-year fiscally boost the debt-note spending in collaboration with [monetary policy] Treasury+Fed creating debt currency out of thin air by giga-trillions$$$$$. In no function or manner does the control-purse-strings-of-spending United States Congress have the interests of America or its citizens as a priority. The Congress' only priority, is empowering the enslaving private central bank.
>>536814541
>>536825435This post is 100% true and factual, and this is key:>The fed prints off all money and then loans it to the gov at interest. So it’s a scam from the beginning.Everyone interested in macro economics needs to understand that the traitors in Congress and Woodrow Wilson handed over the nation's monetary sovereignty to the banks in 1913. The treasury isn't even allowed to print a few notes without their authorization, never mind the trillions the Fed creates out of thin air in service of the usery class. Seigniorage is supposed to go to the government instead of bank kikes.It's incredible to me that the Fed has never been challenged in the courts, as there is a strong argument that the entire scheme is illegal. The power to coin money is reserved for Congress. They are allowed to delegate powers but in my opinion the legally established level of oversight and transparency is definitely not there, as per the Major Questions Doctrine:>Congress frequently delegates authority to agencies to regulate particular aspects of society, in general or broad terms. However, in a number of decisions, the Supreme Court has declared that if an agency seeks to decide an issue of major national significance, its action must be supported by clear statutory authorization. Instead of this, the Fed does whatever the fuck it wants and they admit their standard operating procedure is to lie about everything, i.e., "fed speak" as per the kike Greenspan.
>>536807835>double debt for foreign war>remaining spending on immigrants
>>536807835Nah, fuck you.Try to take it back and we'll just drop a nuke on you.
>>536807835This is the boomers party receipt.Pay up kid.
>>536823927Creating the bill would come with fresh interest attached. The constitution authorizes Congress solely to authority to “coin money”. Because of this, all coinage must be purchased by the fed at face value.That’s why they got rid of the penny and why announce of gold has a $50 face value. To wipe out the debt as you suggest, mint a single 50 trillion dollar coin and it will wipe out the debt and bankrupt the fed. This would work but will never happen
so trumps responsible for like, 10 trillion of this. which is fucking crazy, hes personally put each american into like 110,000 debt (lmao the rich arnt gonna pay for this)
>>536831965 <---memeflag>responsibleNo. The president doesn't control fedgov spending. U.S. Congress does ^^^^^^^^^^^^^^(see upthread)
>>536807835"We" owe this to who again?
>>536814973lmao brainletam yisrael chazir am yisrael met your bubbi will stuff you into the tophet
>>536808173>What would happen if America paid all of its debt off?"Paying all it's debt off" is by definition impossible, as the only way to pay off the debt would be to loan more money from the Federal Reserve, which would make more debt.The reason why no nation on the planet 'pays it's debts' is because it costs money to pay debt, it literally makes more debt paying it off, than just leaving it to grow.
>>536832442no, he personally approved the "one big beautiful bill", which is about 3.7 to 6 trillion of the national debt, thats just one example.
>>536832650>why no nation on the planetGlobal debt topped $255 trillion in 2019 and $350 trillion in 2025, almost four times the amount of all economic output. Total debt levels and deficit spending of the past 30 years has eclipsed that of the past few centuries of western civilization, and absurdly low and negative interest rate borrowing costs have incentivized national governments to no longer borrow on the expectation that they will repay, but on the expectation that they will refinance.It's a global debt[CREDIT]-based economic model. The word credit comes from the Latin, 'credere'>to believe
>>536833197It's going to be comically fucking hilarious when debt interest payments exceed GDP of nations lmaoThanks to compounding interest, it's going to happen pretty quickly too
>>536833197no, the one on the left works at stores
>>536832650They could pay the debt off by just sucking it all out of the private sector, but that would harm the economy because government spending is how the private sector generates a surplus in the first place.It's wild the knots you guys tie yourselves in to keep your delusions about money alive. The debt is NOT a problem.
>>536833024>memeflag 2 pbtid 'approved'The Congress, Legislative branch of gov. did. As for every U.S. president ever (the Executive branch of the United States government enacts policy) for 200 years.Look closely at pic >>536817273Congress approves and controls spending. Not the president.
>>536833339There is more debt than private sector assets lmao.
>>536833265>3 pbtidShut up memeflag.>>536833263>interest paymentsThese are going to cause U.S. Treasury to hit the brick wall of total default less than four years from now. Unless something else more drastic occurs prior, or the U.S. Congress reverses, or stops it's $2+ trillion/year spending sprees.Nevertheless it will be brought back to baseline reality somehow.
>>536829972Weimar is misunderstood. Germans had outstanding war debts imposed on them in foreign currencies. So the German government was in a position of having to pay continually higher prices to convert its marks into these currencies (which is a similar trap Argentina finds itself in constantly). This also while they had active occupations of foreign military powers in their country escorting actual productive output out of the country (real resources, real goods).So, it's actually not similar to the United States at all because the United States -- like every other modern monetary sovereign in the world today -- does not hold significant debt denominated in foreign currencies.
>>536833373That anon is an MMT flerf shill fyi
>>536833373You think the total assets of the United States of America, exploited and unexploited, is less than ~$40T?
>>536808173special interests would bribe congress into spending more. they have no incentive to pay off the debt of you have short terms, your children will not inherit your position, and your lobbyists are the ones paying most of your salary.morals? nah its someone elses job to pay the credit card
>>536833668>You think a nation of brown down cities, niggers, and crumbling roads is worth less than 40 trillion dollars?Yes?
>>536807835You lost tranny
>>536833371no, this is literally donald trumps own page about him personally signing it. its literally on the whitehouse.gov website.https://www.whitehouse.gov/releases/2025/07/president-trumps-one-big-beautiful-bill-is-now-the-law/>Today, President Donald J. Trump officially signed The One Big Beautiful Bill into law — a once-in-a-generation piece of legislation that makes good on his campaign promises and puts America First.his other page on ithttps://www.whitehouse.gov/obbb/>President Trump has signed the One Big Beautiful Bill into Lawand a thirdhttps://www.whitehouse.gov/releases/2025/05/one-big-beautiful-bill-is-a-once-in-a-generation-chance/about how good it is trump signed it into lawoh and heres the literal video footage of him personally signing it, after setting up a press conference about how he was doing so. sorry, took me a minute to find it, had to scrub through all the footage of him congratulating himself for personally signing it into law.
>>536814739Just kill the cops, don't enslave them haven't you learned anything from the movies you make this guy larp that some good guy then because finally had to pull own weight at all and worst thing the fat stupid cunt could have ever been forced to do
>>536833916>4 pbtidShut the fuck up memeflag.18 years is minimum age to post on this site>'literal'Back to plebbit
>>536815552The American brain is fascinating
>>536823554>the USSR invented gay sex and not being racistDo /pol/trannies actually believe that?
>>536832442Congress hasn't done shit for the past 2 years. They are entirely the paypigs of the GOP.
>>536834083heres the full video of donald trump personally signing the big beautiful bill into law, just in casehttps://www.youtube.com/watch?v=KJjWRWuJtToheres a source on it raising the national debt ceiling by 5 trillionhttps://www.nytimes.com/2025/07/03/upshot/republican-bill-faq.htmlheres the whitehouse twitter page about him signing ithttps://x.com/WhiteHouse/status/1942619929959882760heres trump tweeting about passing it on twitterhttps://x.com/realDonaldTrump/status/1925548216243703820?lang=enthe IRS (internal revenue service) talking about trumps billhttps://www.irs.gov/newsroom/one-big-beautiful-bill-provisionsand trump talking about it on his own website, truth socialhttps://truthsocial.com/@realDonaldTrump/posts/114031015354735395
>>536834462Doesn't matter. For more than three decades the U.S. Congress has voted in unison to further enslave America and Americans to the private central bank, The Federal Reseve with ever-increasing annual spending and debt. *see* >>536817273 >>536825683 The main job of the Legislative branch of U.S. fedgov aka Congress is controlling the purse strings of spending. (No, not slapfighting about culture wars, Israel wars or virtue signaling Pepsi v. Coke)>done anythingThey never have for three decades. It's (in case you haven't noticed) a Uniparty that serves the globalist corporatist central banks. We're slaves to the banks and Congress is prison warden keeping the ball-&-chain locked to our ankles.
>>536834491>5 pbtidShut up memeflag.
>>536820150You still haven't responded to my later posts.There are a few more layers of abstraction you need to shed.
>>536807835Nah, we're just going to give it to an old guy and call it even when he dies.
>>536808173You would pay more taxes assuming you tried to keep it that way. Your deficit is still higher than interest.
>>536834828It wasn't worth responding to. There is plenty of work that needs to be done, and plenty of work that gets done today, that doesn't involve radical leapfrogs in the tech tree. Honestly it just sounded like schizobabble to me.The government creates money. End of. We can afford whatever we can do, not the other way around.
>>536834756trumps page about all the endorsements for him approving the bill (about 80)>https://www.whitehouse.gov/obbb/endorsements/trumps whitehouse page about the impact of his big beautiful bill>https://www.whitehouse.gov/releases/2025/06/president-trumps-one-big-beautiful-bill-prevents-the-largest-tax-hike-in-history-and-unleashes-economic-growth/trumps page about how good his bill is>https://www.whitehouse.gov/releases/2025/08/americans-are-winning-big-with-the-one-big-beautiful-bill/another one>https://www.whitehouse.gov/releases/2025/08/the-one-big-beautiful-bill-is-igniting-an-american-business-boom/another one>https://www.whitehouse.gov/releases/2025/06/memo-the-one-big-beautiful-bill-improves-the-fiscal-trajectory/another one>https://www.whitehouse.gov/research/2025/06/the-one-big-beautiful-bill-delivers-on-president-trumps-promise-of-no-tax-on-social-security/another one>https://www.whitehouse.gov/releases/2025/07/history-made-the-one-big-beautiful-bill-is-on-its-way-to-president-trumps-desk/another one>https://www.whitehouse.gov/releases/2025/07/president-trumps-one-big-beautiful-bill-a-win-for-workers-farmers-and-americas-future/the armed services gov website, talking about trumps visionary big beautiful bill>https://armedservices.house.gov/legislation/one-big-beautiful-bill.htmanother whitehouse.gov page mentioning he signed it>https://www.whitehouse.gov/fact-sheets/2026/06/fact-sheet-president-donald-j-trump-strengthens-customs-enforcement/and the image is a tweet about trump personally approving of the idea of the big beautiful billsomeone really should let him know he didnt approve of this, it was someone else apparently. maybe shoot them an email, or something?
>>536834970Sigh.Is a banknote not a voucher to extract from the economy?Also, I think you should ponder the differences between a self-sufficient and an international economy.
>>536835145>6 pbtidShut up memeflag.
>>536835222>https://www.whitehouse.gov/releases/2025/06/sunday-shows-send-the-one-big-beautiful-bill-to-president-trumps-desk/>https://www.whitehouse.gov/releases/2025/07/the-one-big-beautiful-bill-is-a-historic-investment-in-rural-healthcare/>https://www.whitehouse.gov/releases/2025/05/law-enforcement-backs-the-one-big-beautiful-bill/>https://www.whitehouse.gov/releases/2025/07/what-they-are-saying-senate-approves-landmark-one-big-beautiful-bill/>https://www.whitehouse.gov/releases/2025/07/from-coast-to-coast-americans-are-seeing-the-benefits-of-president-trumps-big-beautiful-bill/>https://www.whitehouse.gov/obbb/savings-by-state/>https://www.whitehouse.gov/releases/2025/06/mythbuster-the-one-big-beautiful-bill-isnt-bad-for-families-its-the-opposite/>https://www.whitehouse.gov/releases/2025/06/mythbuster-no-people-will-not-literally-die-with-the-one-big-beautiful-bill/>https://www.whitehouse.gov/releases/2025/06/mythbuster-one-big-beautiful-bill-cuts-spending-and-more-cuts-are-on-the-way/this ones trumps own personal memo on it>https://www.whitehouse.gov/wp-content/uploads/2026/04/ERP-2026-1.-The-Economic-and-Fiscal-Benefits-of-the-One-Big-Beautiful-Bill-Act.pdf>https://www.whitehouse.gov/wp-content/uploads/2025/03/The-One-Big-Beautiful-Bill-Legislation-for-Historic-Prosperity-and-Deficit-Reduction-1.pdf
>>536835168You overestimate the ease of building, even for a building-oriented organization.
>the money creators>pay off the (((debt)))>and stop collecting (((interest)))lol, its not getting paid off, its not going to collapse. You think the game is rigged now? Just you wait until the CBDC's go global.
>>536835286>7 pbtidShut up memeflag.
>>536807835ah jeez dood.
>>536835373>CBDCNever happen.
>>536834970And if you found such a short-term analysis schizo, then you must really struggle to see the big picture, centuries down the line. Try to ponder the watt-hour world, the near-pure electric world; if you can.
>>536835445Just tell them a sob story
>>536835467It already has in dozens of countries. Fortunate or rather unfortunate for you living in the USA, you see all the globalist shit on the back end.
>>536807835We can just kill the people holding the debt with the military they paid for when they try to collect
>>536836106No it hasn't. There are electronic currencies but they aren't CBDCs. Also nobody gives a fuck about tiny shitty currencies of tiny shitty countries, the only one that actually matters is USD (followed by yuan, yen, British Pound and several others)>globalist(You) are ruled by a fr central banker.
>>536836213>>536827114
>>536833585Those were obligations they accepted though. Notice that during the Civil War the "odious debt" was just eliminated. POOF!
>>536807835What happens if...The US says: simply i won't pay and actually never pays.
>>536814973Kek, brainlet
>>536836292Right.. but again, the nature of the obligations in question ended their monetary sovereignty. Denomination of the debt, not denominated of the debt holder. Understand?
>>536814973Maybe don't open your nigger lipped sewage spewing mouth if you don't know what you're talking about.
>>536835444>https://www.whitehouse.gov/releases/2025/05/20-reasons-why-congress-must-unite-behind-the-one-big-beautiful-bill/>https://www.whitehouse.gov/releases/2025/06/the-one-big-beautiful-bill-is-good-for-all-50-states/>https://www.whitehouse.gov/wp-content/uploads/2025/03/Ramifications-of-Not-Passing-The-One-Big-Beautiful-Bill-4.pdf>https://www.whitehouse.gov/releases/2025/05/fact-one-big-beautiful-bill-cuts-spending-fuels-growth/>https://www.whitehouse.gov/releases/2025/05/icymi-trumps-one-big-beautiful-bill-promises-up-to-11600-wage-boost-new-jobs/this ones neat, it makes an American flag emote in the url, check it out>https://www.whitehouse.gov/videos/its-called-the-one-big-beautiful-bill-%F0%9F%87%BA%F0%9F%87%B8/>https://www.whitehouse.gov/videos/potus-our-big-beautiful-bill-will-include-100-expensing-retroactive-to-january-20/>https://www.whitehouse.gov/wp-content/uploads/2025/07/WH-OBBB-Modernizes-our-Air-Traffic-Control-System-to-Ensure-Americans-Fly-Safely.pdf>https://www.whitehouse.gov/releases/2025/07/americans-celebrate-the-one-big-beautiful-bills-transformational-policies/>https://www.whitehouse.gov/releases/2025/06/sunday-shows-pass-the-one-big-beautiful-bill/
>>536808173the american economy would collapse. it relies on permanent deficit spending to maintain the USD as a global reserve currency, which props up unproductive american companiespaying off the debt would obviously require no more deficits, which means no more glut of USD to offload onto other countries, which means no more artificial demand for american goods/services it would genuinely be catastrophic, which makes sense when you realize every single policy proposal of right wing retards is the worst policy you can come up with
>>536807835>Crunch All You Want. We’ll Make More.Inflation. Uncle Schlomo's biggest export.
>>536836740>8 pbtid United States ConstitutionArticle I, Section 9Appropriations Clausehttps://www.law.cornell.edu/constitution-conan/article-1/section-9/clause-7/appropriations-clausehttps://constitutioncenter.org/the-constitution/articles/article-i/clauses/756Shut up memeflag.
>>536807835Nope. No refunds.
>>536832650>as the only way to pay off the debt would be to loan more money from the Federal ReserveThere are other ways but they are far more antisemetic
>>536836951oh yeah, trump tried to remove that 10 months agohttps://www.rollingstone.com/politics/politics-features/trump-least-favorite-part-constitution-deleted-1235401874/but yeah, your right, trumps big beautiful bill violates that clause.
>>536837301>9 pbtidShut up memeflag.
>>536837333nahanyways, heres trump shaking hands with Muhammad al-Jolani, ex-Al-Qaeda commander. pretty cool huh.
>>536837410oh and heres his riveting speech about isreal, our greatest ally, hosted on his own trump whitehouse archivehttps://trumpwhitehouse.archives.gov/briefings-statements/president-donald-j-trump-stands-americas-cherished-ally-israel/>My administration will always stand in solidarity with our Jewish brothers and sisters, and we will always stand strong with our cherished friend and partner, the state of Israel.- President Donald J. Trumppretty cool dude
>>536837410This Israel asset literally chopped Christian heads off and that was one of his lesser war crimes.
>>536837885yeah. heres a nice quote from the man shaking hands with donald trump>"anyone who lived in the Islamic or Arab world at the time who tells you he wasn't happy about it would be lying," -Ahmed al-Sharaa on 9/11pretty cool huh
>>536835373HAHAHAHA OMG I ALSO USED TO WAtCH CAtHERINE AUSTIN FItZQQQ!!!!!!!! SO SMARtT!
>>536807835my poli sci and econ teachers in highschool said forget the debt, that is amount owe to the US citizen, the Deficit is the bigger biggger balllooning problem... because that is money that is essentially lost and cannot be paid back, it is far far worse than debt because it is gone and cannot be regained, it will force the country to sefault at this rate.
>>536808173Longuest bond is 30years i think which mean all the today debt will be repaid 30 years from now... with newer debt, lel.
>>536838127can anyone translates this into english
>>536838323They explained it to you wrong.Deficit is the annual budget. That's the amount the government 'can't pay' each year for what it spends.The national debt is the ever-ballooning total amount, increasing by more than $2 trillion per year thanks to U.S. Congress.See (graphic) : >>536817273>owed to US citizensThat's not how this works. US citizens *owe the central bank*: that is what the national debt means. Also keep in mind, revenue doesn't 'pay for' any of this, and that fully half of the year-after-year annual $2+ trillion spent by Congress instantly goes to Interest Payments >>536825683That's right — all of the fedgov annual budget is not only borrowed out of thin air, but half of it is vacuumed up right away by the credit card bill.We're borrowing/"printing" money just to make Interest Payments on the ever-growing debt, it now vastly exceeds annual fedgov discretionary spending.
>>536838371It said >I am a retarded faggot who thinks the global economy is going to collapse because I bought rice and beans
>>536807835If we repaid that, there wouldn't be 1 dollar left in circulation. There would literally be no money.
>>536814726Brother please, you are so dumb you cant fathom it, im telling you this in good faith, close the computer and read a book about how the world works if you think elon got more than some millions in his account
>>536807898The vast majority of it is held by the government and American investors.A big example would be Social Security, because it operates at a surplus and instead of letting that go to waste (like through inflation), the government purchases Treasury bonds from itself. This is partially what people talk about when they talk about cutting entitlements; "forgiving" the debt on paper and cutting social security for everyone who paid into it.
>>536838597>We'reNot just you burger bro, everyone who conducts trade anywhere in the world in US dollars is supporting this ponzi scheme run by the gangsters in Washington.Why do you think the US attacks any country that tries to break free of the banksters?
>>536839313We are paying it back constantly. That's what bonds are.
>>536807835it's all fugazziwhen SHTF, india's granary produce will determine what is valuable and what is not
>>536842285your perfect first world systems rely on a complex logistics chain of 100 different suppliers for compnents, software and repairs for even a JCB JohnDeer or Combine tractor.When SHTF, as it inevtiably will, low technology high labour agriculture combined with this gold mine will be the key to all revaluations (The Great Reset)
>>536842285America has more good quality arable farmland than India.
>>536842536nope, you don't, tanks can roll in, not here, fenced by the himalayas, 12 perennial snow fed rivers and endless fertile landand my point to begin with is, it will ultimately all break down, systems will fail, shipments are not going to arrive like clockwork, and people who are already doing it with donkey techniques (most of india) will continue unabated while the rest get blocked on a whole host of levels
