How are we going to pay for all this shit?

[bf0082]

The federal debt is in US dollars, there may come a day when the debts are all in bitcoin, or some other currency. The day that happens, we will almost instantly go to $0 owed, with the strength of our dollar versus the other currencies.

We could just print $30 trillion and pay everyone off, would destroy the world economy, but isolationism and self sufficiency, we could outlast the world recession and come out miles ahead of everyone else, plus military, we can own anyone who challenges us.

The tracking of US debt is just an accounting trick and has no real value or merit.

[The_Waco_Kid]

Originally Posted by bf0082

The federal debt is in US dollars, there may come a day when the debts are all in bitcoin, or some other currency. The day that happens, we will almost instantly go to $0 owed, with the strength of our dollar versus the other currencies.

We could just print $30 trillion and pay everyone off, would destroy the world economy, but isolationism and self sufficiency, we could outlast the world recession and come out miles ahead of everyone else, plus military, we can own anyone who challenges us.

The tracking of US debt is just an accounting trick and has no real value or merit.

you do that and you'll make the value of a dollar about 10 cents. no .. make that 1 penny. do you really understand the national debt? doesn't sound like it. there are 3 components to the national debt. two are actually good. only one is bad. which one is that?

[Tiny]

There are now more available jobs in the USA than there are unemployed Americans. In fact, unfilled job openings are now the highest level since record-keeping began:

https://www.wsj.com/articles/unfille...rk-11628531130

YoY inflation for the quarter ended June 30, 5.4%, was the highest since 1990, thirty-one years ago.

Exactly how does this square with a $1.2 trillion infrastructure bill and a $3.5 trillion bill for progressives' priorities?

Hey, let's throw some fuel on the fire. Maybe it will last long enough to prime the pump for the 2022 elections. Let the good times roll, hangover be damned!

[Strokey_McDingDong]

Our government was probably bought by foreign powers and the goal seems to be totalitarian rule with spouts of total anarchy.

[royamcr]

Originally Posted by bf0082

The federal debt is in US dollars, there may come a day when the debts are all in bitcoin, or some other currency. The day that happens, we will almost instantly go to $0 owed, with the strength of our dollar versus the other currencies.

We could just print $30 trillion and pay everyone off, would destroy the world economy, but isolationism and self sufficiency, we could outlast the world recession and come out miles ahead of everyone else, plus military, we can own anyone who challenges us.

The tracking of US debt is just an accounting trick and has no real value or merit.

Only about 22% of the debt is foreign. The other 78& is held by the US public through interest bearing instruments.

[texassapper]

Originally Posted by Strokey_McDingDong

Our government was probably bought by foreign powers and the goal seems to be totalitarian rule with spouts of total anarchy.

You got to hand it to the ChiComs, they got a bargain basement deal from the Democrats... a world Super power for a pittance. Al; they had to do was buy off the politicians, some Universities and the entertainment conglomerates just by letting them sell shit to their citizens.

Cheapest (and most bloodless) nation conquering in the history of mankind.

[oeb11]

Every One you mention should be tried and imprisoned for sedition, ta.

[rexdutchman]

Tax/print mo money ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, ,,,,,,,,,,,,,

[Tiny]

Originally Posted by Strokey_McDingDong

Our government was probably bought by foreign powers and the goal seems to be totalitarian rule with spouts of total anarchy.

Originally Posted by texassapper

You got to hand it to the ChiComs, they got a bargain basement deal from the Democrats... a world Super power for a pittance. Al; they had to do was buy off the politicians, some Universities and the entertainment conglomerates just by letting them sell shit to their citizens.

Cheapest (and most bloodless) nation conquering in the history of mankind.

Gentlemen, Please consider the bigger picture, in the context of this thread. Foreigners are buying America. Period. They're buying our government debt, private debt, corporations, infrastructure and real estate. As you suggest, we can pass legislation to protect American intellectual property. And to try to prevent foreigners from buying off U.S. politicians. Still, as long as massive government spending continues, foreigners will continue to buy up America.

Why? How are they able to do this? Because we consume more than we produce. We import more than we export. So they end up with excess dollars, and they use those to buy our stuff. This has kicked into overdrive since COVID started. Our trade deficit, and a broader measure, our current account deficit, have almost doubled since the start COVID. In fact the trade and current account deficits are currently the highest they've ever been, in terms of dollars (but not as % of GDP).

Why has there been a massive increase in our trade deficit since COVID started? I'd argue a large part of it is because of the massive amounts of money the government is spending. Here's an economic identity. Apologies to the economists, LustyLad and CaptainMidnight, if I get it wrong.

GDP - National Consumption - Government Spending - Investment = Trade Surplus

So think about what effect this spending is having on the variables. Government spending is way up, obviously. Now we're talking about investing $1 trillion on infrastructure. So investment will go up. And the government's been throwing around all kinds of free money, like COVID checks, that people spend on consumption. All the "minuses" on the left side of the equation are going up. So we're running bigger trade deficits. The foreigners are ending up with more of our dollars than we're ending up with Yen, Euros and Renminbi. And they use these dollars to buy our assets and debt.

[oeb11]

The DPSTs want trillions of $ 'invested in the soylent green New Deal, social engineering - tranlate indoctrination of marxism and CRT, and destruction of education in our school systems.



Any republican who votes for that barrel of feces is committing sedition - along with teh marxit DPST criminals.



Tiny - You are correct - and the DPST criminal nomenklatura is in bed with the Chinese and Comrade Xi to rule America under china's thumb.

[1blackman1]

Part of the excess comes from govt spending but a large portion comes from lack of US supply chain and low inventory (which comes from using an inventory on demand to system).

[oeb11]

Of course -Communism is much better - everybody is 'equity' - equally impoverished, hungry, and tyrannized.!!!

[1blackman1]

https://www.msn.com/en-us/money/mark...5uv?li=BBnb7Kz

Actual infrastructure week. That last guy couldn’t pass shit in 4 years. Here’s the new guy passing an actual roads and bridges bill with nearly 20 Republicans. Interesting what an actual president can do rather than some dude that spent all his time on Twitter.

[1blackman1]

oeb11
This message is hidden because oeb11 is on your ignore list.

In case you forgot. I truly couldn’t care less what you type.

[HedonistForever]

Originally Posted by Tiny

Gentlemen, Please consider the bigger picture, in the context of this thread. Foreigners are buying America. Period. They're buying our government debt, private debt, corporations, infrastructure and real estate. As you suggest, we can pass legislation to protect American intellectual property. And to try to prevent foreigners from buying off U.S. politicians. Still, as long as massive government spending continues, foreigners will continue to buy up America.

Why? How are they able to do this? Because we consume more than we produce. We import more than we export. So they end up with excess dollars, and they use those to buy our stuff. This has kicked into overdrive since COVID started. Our trade deficit, and a broader measure, our current account deficit, have almost doubled since the start COVID. In fact the trade and current account deficits are currently the highest they've ever been, in terms of dollars (but not as % of GDP).

Why has there been a massive increase in our trade deficit since COVID started? I'd argue a large part of it is because of the massive amounts of money the government is spending. Here's an economic identity. Apologies to the economists, LustyLad and CaptainMidnight, if I get it wrong.

GDP - National Consumption - Government Spending - Investment = Trade Surplus

So think about what effect this spending is having on the variables. Government spending is way up, obviously. Now we're talking about investing $1 trillion on infrastructure. So investment will go up. And the government's been throwing around all kinds of free money, like COVID checks, that people spend on consumption. All the "minuses" on the left side of the equation are going up. So we're running bigger trade deficits. The foreigners are ending up with more of our dollars than we're ending up with Yen, Euros and Renminbi. And they use these dollars to buy our assets and debt.

Yep!