That will probably make the situation worse. Right now, there is a massive push in Washington to put the Fed under the Treasury department. Now Imagine being Joe Biden, corrupt enough to infinity print money and too dumb to see why its a problem.
The fed is a seperate entity because it is unconstitutional for the the government to do what they do. They got around the constitution by making it a private bank
The country was going bankrupt before Trump. The debt exploded in 2020 because we destroyed the economy with covid lock downs.
That said, Trump did not help the debt situation. When the Petro Dollar collapses (Probably sometime late next year or in 2022) It will also be because of the bad economic policies put in place by moronic Democrats.
I agree. Declaring bankruptcy for THE UNITED STATES OF AMERICA, Inc (a Puerto Rico registered entity) would end the company established in the Act of 1871 (which was treason btw) and make us a government OF the people again. Put us back on the gold standard and forgive all debt held by the corrupt banks.
50% of all U.S. money was printed in 2020. The only reason why our economy has not collapsed is because we are the worlds reserve currency (The Petro Dollar).
OP is saying that the collapse of the dollar will wipe out the rich. He's wrong in that assumption though, the rich are buying land and gold for a reason. See Bill Gates.
Theres always nationalization and reappropriation. Yes yes but that's socialist policies i know. What else do you do when .01% collect half the worlds wealth?
The same things we did under Trump. Think about it, both the income/wealth inequality gap became smaller under Trump. Why? Because when you stop creating extra competition for the working class (illegals), get the government out of the way (cut regulations), and have pro small business policies such as tax cuts (big corporations can afford the lawyers to circumvent them anyways so it doesn't really impact them), then everyday Americans can actually succeed.
I personally think paying back debts is a good thing but I do see your point that it will take a long time. I don't know enough to say for sure either way.
The two big questions I have is what kind of burden the debt will place on our economy while we pay it off. While the other is how devastated will our economy be if we simply welsh on it.
That will probably make the situation worse. Right now, there is a massive push in Washington to put the Fed under the Treasury department. Now Imagine being Joe Biden, corrupt enough to infinity print money and too dumb to see why its a problem.
The fed is a seperate entity because it is unconstitutional for the the government to do what they do. They got around the constitution by making it a private bank
Not saying your wrong, just pointing out that giving a money printer to his fraudulence Joe has a lot of inherent problems.
Sure thing Einstein. Drive the dollar to nothing so the globalists can own everything for a few pallets of gold.
The country was going bankrupt before Trump. The debt exploded in 2020 because we destroyed the economy with covid lock downs.
That said, Trump did not help the debt situation. When the Petro Dollar collapses (Probably sometime late next year or in 2022) It will also be because of the bad economic policies put in place by moronic Democrats.
Yeah but Bush really started to drain the Treasury at a staggering pace
Yep, there is plenty of blame to go around. Bush/Neo Cons really screwed us with the forever wars.
Nesara
I agree. Declaring bankruptcy for THE UNITED STATES OF AMERICA, Inc (a Puerto Rico registered entity) would end the company established in the Act of 1871 (which was treason btw) and make us a government OF the people again. Put us back on the gold standard and forgive all debt held by the corrupt banks.
This won't work because the rich own tons of real assets: real estate, art, precious metals, etc.
Nationalize their assets. Pretty easily done. Nobody will complain when a trillionaire loses half their assets.
Wut...?
50% of all U.S. money was printed in 2020. The only reason why our economy has not collapsed is because we are the worlds reserve currency (The Petro Dollar).
OP is saying that the collapse of the dollar will wipe out the rich. He's wrong in that assumption though, the rich are buying land and gold for a reason. See Bill Gates.
Theres always nationalization and reappropriation. Yes yes but that's socialist policies i know. What else do you do when .01% collect half the worlds wealth?
The same things we did under Trump. Think about it, both the income/wealth inequality gap became smaller under Trump. Why? Because when you stop creating extra competition for the working class (illegals), get the government out of the way (cut regulations), and have pro small business policies such as tax cuts (big corporations can afford the lawyers to circumvent them anyways so it doesn't really impact them), then everyday Americans can actually succeed.
And repay 20 trillion dollars in the process? That would take 100 years. The interest alone is like 600 billion a year.
I personally think paying back debts is a good thing but I do see your point that it will take a long time. I don't know enough to say for sure either way.
The two big questions I have is what kind of burden the debt will place on our economy while we pay it off. While the other is how devastated will our economy be if we simply welsh on it.
Sounds good!