the US national debt has reached $19,976,826,951,047.80.
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Re: the US national debt has reached $19,976,826,951,047.80.
i don't reckon the alaskans would be too chuffed especially as they get a share in revenue/tax
in 2015 the state tax bill on oil was 10 billion
in 2015 the state tax bill on oil was 10 billion
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Re: the US national debt has reached $19,976,826,951,047.80.
Doesn't Trump just declare bankruptcy then start all over again?phuketrichard wrote:This is Unreal, how can a country be this fucking far in debt???
Will Trump pull us out??
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Re: the US national debt has reached $19,976,826,951,047.80.
Yeah, I think he should just default on all the money owed to China, and then maybe Japan a little later.Username Taken wrote:Doesn't Trump just declare bankruptcy then start all over again?phuketrichard wrote:This is Unreal, how can a country be this fucking far in debt???
Will Trump pull us out??
http://money.cnn.com/2016/12/16/investi ... reasuries/China's huge holdings of U.S. debt fell to $1.12 trillion at the end of October, their lowest level in more than six years, according to U.S. Treasury Department data. Japan held $1.13 trillion.
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Re: the US national debt has reached $19,976,826,951,047.80.
he may default using the theft of intellectual property as a pretext.
he will certainly erect trade barriers.
both courses mean a depression.
the tremendous rise of the stock markets point to fear of this.
he will certainly erect trade barriers.
both courses mean a depression.
the tremendous rise of the stock markets point to fear of this.
Re: the US national debt has reached $19,976,826,951,047.80.
phuketrichard wrote:This is Unreal, how can a country be this fucking far in debt???
Will Trump pull us out??
" Will Trump pull us out?? "
highly unlikely and in fact he wants to add another 1 Trillion to that figure
Alice in Wonderland stuff because there will be a day of reckoning
Trump Wants to Spend $1 Trillion on Infrastructure
https://www.bloomberg.com/politics/trac ... ture-yahoo
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Re: the US national debt has reached $19,976,826,951,047.80.
money doesnt exist its just numbers on a computer screen, money is created through interest, money that doesnt exist, which creates debt
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Re: the US national debt has reached $19,976,826,951,047.80.
the ability to service the debt is the problem.
when enough defaults occur- the whole system collapses
when enough defaults occur- the whole system collapses
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Re: the US national debt has reached $19,976,826,951,047.80.
ability to con other countries to buy debt bonds is also important, and lots of inter countries foreign strategies etc, most governments thinks that if they hold other countries debt they will be able to hold that country hostage etc.
Money is not the problem, the problem is no money
Re: the US national debt has reached $19,976,826,951,047.80.
A stroke of the pen and it can all be erased.
The US Government will not default on it's debts, it cannot. It can just print the money (or use treasury credits and the like).
The dollar may be worthless but the debts will be repaid.
The US will issue a new dollar and the economy will recover in a few years.
It is the only way, eventually that will be realised.
The problem is that what will replace it as the worlds reserve currency? The Euro is just as fuct.
The US Government will not default on it's debts, it cannot. It can just print the money (or use treasury credits and the like).
The dollar may be worthless but the debts will be repaid.
The US will issue a new dollar and the economy will recover in a few years.
It is the only way, eventually that will be realised.
The problem is that what will replace it as the worlds reserve currency? The Euro is just as fuct.
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Re: the US national debt has reached $19,976,826,951,047.80.
the world is too entrenched with USD, dont see a big shift to other reserve currency anytime soon, at the mean time enjoy the status quo and watch the world goes down the shitter
Money is not the problem, the problem is no money
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