>we can inflate away our debt
>>543711813Isn't that like 100x worse than just defaulting?
>>543711864Why would they care? Either way they'll vanish like ninjas after robbing the place. Same story everytime.
>>543711864Consider that the currency has already lost like 98% of its value over the past century
>>543711864If they default western countries might only have a skeleton military, everyone else employed by the government doesn't get paid overnight
>>543711864Yes, the worst thing you can do is destroy your currency. Default is a lot better option, because in reality is just a renegotiation of the debt, you say: "I can't pay" and you extend the loans in time and lower the yearly payments.Argentina has lots of experience with both. Whatever you do, don't destroy the currency.
This isn't necessarily terrible if you can secure a loan and buy an actual asset like gold or property that will hold it's value through inflation it's basically free money if you can still make the payments. If they turn the money printers on max your credit on gold coins, pay that off when the loan is worthless.
>>543711813He never was very good at business. Without his "small loan" of several hundred million dollars from his dad, and his family name, he never would have made it
>>543711813>Cancer will cure my aids by killing me quicker!
>>543711864no, printing money is only bad when democrats are in charge
>>543711813if you haven't figured it all out yet, they are trying to destroy america. Its intentional.
>>543711813Nice. My debts will also go away, right?
>>543711864Yes. Defaulting isn't even bad, it just means the govt can't borrow money anymore, WHICH IS SOMETHING THEY SHOULD STOP DOING IN THE FIRST PLACE IT'S HOW THEY GOT INTO THIS MESS.
>>543715258If you can find a job paying inflated wages, yes. Unironically, inflation is the functional wealth tax that dems have been begging for.
>lol
>>543711813I don't get it. americans literally voted for the candidate that told them it would make them poorer (it's in the Miran paper). why?now they keep lying to their faces, and they don't do shit. why are americans such cowards? don't they have millions of arms there? aren't they supposed to be tough?
It's an idiotic idea because "inflating it away" only works if you owe the money to someone else. Foreign governments hold barely 20-25% of our debt. The other 75-80% is held domestically by US pension funds, banks, mutual funds, and Social Security. Inflating away the debt is literally just choosing to rob the American public through a hidden haircut instead of a legal default
>>543711864>Isn't that like 100x worse than just defaulting?Yes but dumbold is a very very very very stupid man.
>>543716985>The other 75-80% is held domestically by US pension funds, banks, mutual funds, and Social Security. Inflating away the debt is literally just choosing to rob the American public through a hidden haircut instead of a legal defaultanon, you just realized the truth, but still are in denial.as I said here >>543715892, they will make YOU and the average american poorer. and you voted for this.
>>543717221>still in denialmaybe youre retarded?
>>543716985>It's an idiotic idea>>543719015>maybe youre retarded?how am I retarded? I'm not the one who voted for a scammer that will make me poor
>>543711813Well if he could cock-up-his-ass away the debt it would have already been taken care of.
>>543720027>confirms he's retarded
>>543711864No, only retards think so. It's just a flash crash. Simple as. Carrying unpayable debt lasts decades and still crashes historically. Flash crashing is like 2 years of hardship.
