Is this even a real number? I mean, who's going to come banging at our door demanding payment of it just keeps going up forever (which, with Trump in office, will keep happening)?
Eventually the people who own said debt will. The major risk of course is the inflation of it all since we have to print more money to pay off more interests because we keep running a deficit.Let it keep going, and at some point people will lose faith in the US's ability to pay off it's debt, and borrowing money becomes impossible, and we become insolvent and bankrupt as a country. USD becomes worthless then. But that's the apocalyptic scenario. Things will get far worse before we even get near that.
>>541038460the national debt will never be decreasing. its a political tool for raising taxes, installing carbon taxes, etc. its never going away or down. You'll be taxed into oblivion and you'll be happy.
>>541038460When the US defaults (which is inevitable) the banking jews are going to demand to be "repaid" (for the hard work of loaning us our own money) with physical assets - like the National Parks, prime USG real estate (like the Post Offices across the country), BLM land, all the best real things that belong to Americans.That's why Trump is running up "the debt" so much - because every kike debt-money dollar borrowed will be "repaid" with real, permanent, irreplaceable assets to fucking JEWS.
>>541038460>I mean, who's going to come banging at our door demanding payment of it just keeps going up forever (which, with Trump in office, will keep happening)You joke but this is actually the average person's understanding of national debt. The average normie is actually much stupider than even the average /pol/ poster.This is why Epstein said people are goycattle.
they've been bitching it's about to default for years and nothing has happened. it only means anything if you're willing to follow through, which is determined by whether you can make sure the us won't. trump is too wildcard for that.
It is also worth pointing out that the wealthy of this nation do not stand to lose quite as much as the regular person from the nation's financial system. They can move their assets, and run the country in an emergency. Average Americans cannot.
>>541038606The interest on that debt is some decent passive income.Unless a country need the cash now (I.E. Japan a few days ago), they won't ever come to collect.
>>541038460As long as the US is the world's reserve currency then no, the number doesn't matter so it's effectively not real, in the event the USD loses reserve currency status then that would mean the US/world has collapsed
>>541038995Its the opposite, the wealthy would have their assets seized and their paper wealth written off for a 99.5% irrecoverable loss
>>541038460Most US debt is held internally and is a core part of the economy itself. Every retirement fund/personal account/corporate account/etc. with US treasuries is part of the debt number.If you tell them to get fucked, the value of those treasuries sinks, and the entire market gets wrecked.
>>541038460yes its real and US is spending $3b every day to pay interest on it.The only "solution" is to inflate the debt away by letting the inflation run wild while keeping rates low but they're not doing it.
Every dollar of that debt is tied to a treasury security. If Japan wants to sell their 1 Trillion worth, US interest rates go up. That makes the existing system of debt based fiat more expensive and eventually, unviable. Which would require the government limiting interest, driving down demand, pushing borrowers to other countries.
>>541040233kek mega low IQ copegoing off the gold standard fucked up the economy
>>541038460No one has ever paid down the debt. Don’t stretch your anus too much.
>>541038460>who's going to come banging at our door demanding paymentYour own pensioners, for one
>>541041959What? Jackson paid it off in full, it's one of the highlights of his presidency.
>>541038796>When the US defaults (which is inevitable)how can a country with its own sovereign currency can default? Are you having a down syndrome, mate?
>lol
>>541042398>Are you having a down syndrome, mate?lol this retard.anyway yeah a country with its own sovereign currency (which the us isn't btw if you consider the petro dollar), a country can choose to either hyper-inflate or default on the currency.
SHARE THE LOAD
The so-called "government" debt is a tool used by the criminals who masquerade as "government" to enslave the taxcattle. Usury is evil.
>>541042398>sovereignThat word doesn't mean what you think it means.
>>541038460Do you understand how bonds work ? US government even owes me money
>>541038460This number means nothing until we can agree what a dollar is, today USD represents nothing, it is as fake as bitcoin.
