No one needs to pay for it. It's fiat currency. Just print more.
If you predict massive inflation, the stupidest thing you can do is pay down debts. Wait for the spike, then pay it off. When a loaf of bread costs a billion dollars, paying off $100T in debt is easy - that's only a truck load of bread.
Wait until they retroactively figured out a way to inflate your debt. (Not that it will matter too much, shit will be absolutely fucked on all levels, by then.)
We're going parabolic, there is no fixing the system. Default/reset is the only option. I think it's their goal, so they can create the digital monetary system they need to control everyone.
I say we default on our debts to China and any other of our enemies, and tell them to fuck off, if they continue to cause problems, Nationalize any of their properties in America.
Taxation is deflationary, printing is inflationary. They had deflationary policies canceling out inflationary moneyprinting until 2017. They got to then decide who received the printed money.
Look into the unfunded liabilities (Social Security, Gov't Pensions, other 'Entitlement' programs, etc.) not just for the Federal Government, but for states and counties.
The last time I checked a few years ago, it was somewhere in the $220 Trillion range.
**TWO HUNDRED AND TWENTY TRILLION! **
That is almost 10X the current 'national debt' and no one ever talks about it. It is literally the Sword of Damocles hanging over this countries financial head.
The Fed will consume it all, they can consume every bit of it. It's not debt you should be worried about, but rather infinite money printing to cover the debt. Stagflation, Hyperinflation...
I was literally just looking at the National Debt Clock earlier today and bitching about it to my coworkers. The national debt has more than doubled since 2010. It's so obviously unsustainable!!
What happens if we default? Like obviously it’s not good but I’m just confused what happens? Inflation? Collapse of dollar? Then what? Does anyone know
You should worry more about the money printing then the debt. They've decided to inflate ourselves out of debt. Print enough money, circulate it around, poof inflation; use CPI to mask inflation, keep interest rates low; asset inflation, commodity bubbles, housing price rises exponentially, then tax everyone on the gains as of it wasn't just inflation.
They have never had to pay for anything. They do not understand money.
Oh, but they will down the line. That's going to be a tough wake up call. Glad I'm Old(er)
The USA will no longer be sovereign by then. Just another UN property.
Its chinese now,they may not give it up.
No one needs to pay for it. It's fiat currency. Just print more.
If you predict massive inflation, the stupidest thing you can do is pay down debts. Wait for the spike, then pay it off. When a loaf of bread costs a billion dollars, paying off $100T in debt is easy - that's only a truck load of bread.
Wait until they retroactively figured out a way to inflate your debt. (Not that it will matter too much, shit will be absolutely fucked on all levels, by then.)
Time to switch the savings account to Silver and Gold.
Brass and lead is already skyrocketed
We're going parabolic, there is no fixing the system. Default/reset is the only option. I think it's their goal, so they can create the digital monetary system they need to control everyone.
This is their goal, but there's a couple of problems. 1. They're not that smart. 2. They haven't been outside of their deep blue enclaves in decades.
Going to rural / suburban America to them is like us going on a safari to Africa.
I would not argue that "they're not that smart" especially looking at the state of things in 2021
I would argue that they aren't that smart. Their actions will have reactions that they haven't considered.
They'll just mandate it like everything else, and you'll be excluded from commerce, healthcare, etc. https://thewashingtonstandard.com/digital-currency-economic-transformation-the-globalists-final-solution-to-control-you/ Banks are already working on a social/environmental credit system that the government will enforce. https://www.theblaze.com/shows/the-glenn-beck-program/imf-financial-social-credit-system?rebelltitem=1#rebelltitem1 The full episode here: https://www.youtube.com/watch?v=CYvB_iidWNc
I say we default on our debts to China and any other of our enemies, and tell them to fuck off, if they continue to cause problems, Nationalize any of their properties in America.
Its ok, they will just come for our farmland. Its the only real thing they want
And we are SUPPOSED To have the Greatest Military on Earth.
Gates is buying that all up as fast as possible. That guy is a supervillain that must be stopped
Now you're talkin.
While all you silly folk we’re hedging your cash in gold and Bitcoin, I went out and switched over to Zimbabwe dollars. /s
It's not even debt. They just printed the money and "loaned" it to the feds. Hell, why tax if you can just print whatever you want?
Taxation is deflationary, printing is inflationary. They had deflationary policies canceling out inflationary moneyprinting until 2017. They got to then decide who received the printed money.
The debt is only a small piece of the problem.
Look into the unfunded liabilities (Social Security, Gov't Pensions, other 'Entitlement' programs, etc.) not just for the Federal Government, but for states and counties.
The last time I checked a few years ago, it was somewhere in the $220 Trillion range.
**TWO HUNDRED AND TWENTY TRILLION! **
That is almost 10X the current 'national debt' and no one ever talks about it. It is literally the Sword of Damocles hanging over this countries financial head.
The Fed will consume it all, they can consume every bit of it. It's not debt you should be worried about, but rather infinite money printing to cover the debt. Stagflation, Hyperinflation...
I was literally just looking at the National Debt Clock earlier today and bitching about it to my coworkers. The national debt has more than doubled since 2010. It's so obviously unsustainable!!
We Are Fucked
What happens if we default? Like obviously it’s not good but I’m just confused what happens? Inflation? Collapse of dollar? Then what? Does anyone know
Hitler gets elected.
Venezuela
You should worry more about the money printing then the debt. They've decided to inflate ourselves out of debt. Print enough money, circulate it around, poof inflation; use CPI to mask inflation, keep interest rates low; asset inflation, commodity bubbles, housing price rises exponentially, then tax everyone on the gains as of it wasn't just inflation.
Oh I do! Not just inflation but hyperinflation. Money printer go BRRR
I'm not fucked.
The government is fucked.
It's all going down. Prepare or die.
Yes.
Isn't the Fed the magical government money tree?
That's not true. I check it regularly. It hasn't updated for the 1.9 trillion dollar stimulus Usdebtclock.org
Hey, I know more boomers who vote for this garbage
Money tree? Listen to this guy.
PRINTING PRESSES, D'UH!
Maybe that's the "great reset"? All debts reset to zero.
Riiiiight.
When the government spends their way out of existence then maybe it can be reformed with responsible people.