Originally posted by: Aaron

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You might take a look at usdebtclock.org and consider what is going to happen when the derivatives collapse and unfunded liabilities such as social security are no longer payable.

 

by that time the government will try all kinds of crazy stuff, like refunding and sending you all of your lifetime of income taxes back, while printing money to infinity to stave off the inflation....it'll work for a little while, until it doesn't.

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Originally posted by: Kevin Lewis

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US debt is considered by global financial markets, as well as foreign governments, to be the safest in the world. Which is why we can manage to pay such low interest rates on it. Which, in turn, is why we can carry a large debt.

 

Any event that disturbs that equilibrium would have to be apocalyptic, like a world war or a pandemic many times deadlier than covid. If the dollar collapses, everything else will have collapsed as well.

 

So feel free to load up your bomb shelter with porn, whiskey, and guns, but I wouldn't duck in there and slam the lid just yet.

 

Oh and by the way, the ultimate safety net to stave off fnancial collapse is our immense store of human capital. The primary product of America is intellectual property. We hold all the trump cards. So, relax.

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Originally posted by: Aaron

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You might take a look at usdebtclock.org and consider what is going to happen when the derivatives collapse.

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Originally posted by: Aaron

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That first paragraph is a doozy.  Safe debt...sure.   We are paying 1 trillion in interest on debt to banks that created it out of thin air.   I'm guessing that is unsustainable which is why our flackies in Congress have to keep doing the Continuing Resolution trick at the last minute every single time rather than create a balanced budget.

 

I wouldn't bank on the USA's intellectual property, most of which has been stolen or sold to the East.  And human capital?  Look at the sheep produced each year from our declining population, they aren't that impressive with their wacky useless leftist college degrees and the replacement migration coming in has an average IQ somewhere around 80.  That's not a racist statement, it's based on studies on IQ around the world.

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Originally posted by: Aaron

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That first paragraph is a doozy.  Safe debt...sure.   We are paying 1 trillion in interest on debt to banks that created it out of thin air.   I'm guessing that is unsustainable which is why our flackies in Congress have to keep doing the Continuing Resolution trick at the last minute every single time rather than create a balanced budget.

 

I wouldn't bank on the USA's intellectual property, most of which has been stolen or sold to the East.  And human capital?  Look at the sheep produced each year from our declining population, they aren't that impressive with their wacky useless leftist college degrees and the replacement migration coming in has an average IQ somewhere around 80.  That's not a racist statement, it's based on studies on IQ around the world.

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Originally posted by: MaxFlavor

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By the way, your thoughts on Trump spending $10 billion on a vaccine that doesn't work and he doesn't even know if it's safe while letting the pharmacy companies unleash it on the American people?

 

 See the, "I wonder what the next series of lies the corrupt DemocRats will come up with next", thread for a refresher. Thanks.

 

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