Saw the debt...not liking it...people are pushing MMT...seems like economic voodoo. Return to gold standard? I dunno. Do we even care about the debt as the world reserve currency? Want some good discussion
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Saw the debt...not liking it...people are pushing MMT...seems like economic voodoo. Return to gold standard? I dunno. Do we even care about the debt as the world reserve currency? Want some good discussion
Go to War.
We aren’t. Eventually all that debt is going to become a worthless asset and the world financial system will have to change. It’s fundamentally broken but we won’t change until we have to.
I know Trump isnt on the fiscal austerity side of government spending but I gotta figure with us at 139 percent gdp. What keeps us from being crippled by interest payments?
Money printer
elect Trump bring business back and watch the economy grow to 40 trillion per year. =)
lmfao! We can't even run a business, how would you expect us to pay off debt? Don't be ridiculous.
Not many good options. If your looking for good info check out a guy named Mark Blyth. Really good in depth info in books and youtube videos. When i watch him i have to pause and research what he is talking about then go back to video and continue. Best option is growth. Economic growth cures all. I think that is why Trump is doing all he can to encourage growth. Some say cut spending to the bone but that can cause the economy to shrink. Global debt forgiveness is possible but tough to see happening. Debt forgiveness has been a tool used as far back as the Greeks and Romans. War is the worst possible out come. Most wars are about money. MMT is garbage and may lead us back to a gold standard which could also be a global reset of sorts. You cant print money forever with no negative effects. I think the dems would love to see the dollar worth nothing and the economy collapse. They can get their socialist / communist paradise they are so eager to have. Of course it wouldnt affect them because they would be the ruling class.
Trump wants to see rates at zero. In fact because of covid rates will be low forever. This effectively reduces the power of central banks over the world. Which if you think about it this was one of our goals. Instead of ending the fed we are essentially ripping away their power to influence the economy. The fed will never be able to raise rates again because if they do it will cause interest payments on debt to explode If we have something like 250% debt to gdp. Japan is our future where we will probably have exploding debt...but near zero rates thus causing the central banks to have their hands tied. The good news is our population isnt shrinking so we shouldn't expect deflation.
We're not. Let's be real here, we'll never pay off that debt now. So the way I see it, we should just go ahead with a massive infrastructure package and push that baby higher. Squeeze in the military/infrastructure bill before the world debt problem has to be solved (nobody's paying and we'll all just default and re-start probably) so we don't have to start out with a high debt once the "reset" happens. It will already have been wiped with the other shit.
Lol everyone defaults at the same time. "Reset".
Debt? What debt? That counter reads zero baby!