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.
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.