CLICK HERE TO SEE THE US NATIONAL DEBT CLOCK IN REAL TIME AND EACH AMERICAN’s SHARE OF IT:
Since our political class is unresponsive to the people, I sure as hell don’t give a flying copulation.
Nobody cares about not making their house payment until the sheriff shows up with the eviction paper.
And that equivalent is coming to all of the “first world” economy. It comes in various forms. The last time it happened was September 1, 1939.
I would love to see the “goodwill” entry on the Federal Reserve balance sheet. /s
The bigger question is is money real?
I assert that it is not an only from this perspective
The Bible
I think a lot of people accept that the USA is doomed and are just waiting for whatever comes next.
Washington and the country has figured out that we can print to heart’s desire without fear of inflation, because there’s no other currency to challenge ours. Printing only creates a debt to the treasury, which is “us”, so no pressure to repay.
The debt is no concern anymore. It is held generally by London Banksters, the DS, the Cabal. It’s purpose is to enslave the US and many other countries.
The FED is going down, and with it the $100T to $200T in unfunded liabilities or debt. Much of it due to war, setup by the DS, which funded BOTH SIDES, to make more money, of many, if not all, of our wars. I’m leaning towards ALL!
But, do not fret. Be optimistic for a precious-metals-backed currency. Called NESARA, in brings in QFS - Quantum Financial System. It was tested, perhaps even initiated, a few weeks ago - remember the day the FED was completely down?
I stopped worrying about the debt when I realized it wasn’t our country anymore.
The only time either party cares about the debt and deficit is when the opposing party is in the White House.
It’s called “Modern Monetary Theory,” (Google it) and it has been going on since the big spending GW Bush days. Politician’s don’t want to use the term because then the “secret” would be out as it is radically opposite of any economics that Americans have been taught (Chicago School.) It states that the Big Dog governments can essentially spend any amount of $$$ they wish since they are the “Big Dog” and can do so without consequence. When republicans aren’t in power they nominally mention the debt. When in power republicans spend like democrats.
Unless you are pro import tariff then you are not serious about the debt and/or deficit.
No.
Because the fact is for 40 years we’ve heard scare stories of the “National Debt” and “Deficits” and the ONLY hyperinflation we’ve had was from energy lockdowns in the 1970s.
In the 1990s, a MASSIVE, as-yet un-accounted-for DEFLATION hit the world, and most still haven’t recognized it. It’s called the computer. Suddenly, numerous sources are starting to realize that the productive value of the computer skyrocketed past valuations and the ability to “cost” its functions. (See the recent article on entropyeconomics about the $51 million smartphone). Even some of the “traditional” economists are starting to note that their CPI/GDP numbers were horrendously off in the late 1800s, meaning they are nowhere close to appropriately valuing things today.
Add in Chinese/Asian/Latin American deflationary slave labor. We likely climbed into a gigantic deflationary hole in the early 1990s that all the QE1, 2, 20 won’t affect in the least.
Then there is the legal issue of the U.S. Treasury not being allowed to value American assets at MARKET prices, but must value them (think things like gold and land) at PURCHASED price-—which means at the very least our “national debt” has not taken into account TRILLIONS of dollars of real valuation that the US government owns.
So until you start seeing wages going up fivefold at least, you won’t be seeing a lot of inflation. Which means no one will care about the debt.
I greatly resent what both parties have done to our children and grandchildren. The balloon will burst. They always burst. The longer it takes the higher we become and the longer the fall.
I wish it were soon so that I can deal with it and not my teenage children, but I suspect that it will occur in the prime of their life. The crash of the dollar as the world reserve currency will bring massive change to the entire world.
‘No one’ cares anymore cause of a multitude of reasons.
When you in Hell, it’s a bit too late to scream about being in Hell or that Hell is too hot, yeah? The National Debt is beyond sustainable and the only thing to wait for is the inevitable, simple.
All the bs going on in the world gives a silver lining to the downhill side of life.
Yeah, I think nations are fully exploiting growing populations - which seem to be able to put off doomsday. The ultimate Ponzi schemes. The date is out there still when the momentum of the large world population finally turns the other way. Most modern nations only grow by immigration - Canada, the UK, Germany, France. The USA has a small net internal growth rate, largely due to the birth rate of the Latino community.
Honestly, with the almost $2T Biden just passed, and the upcoming either $2T or $4T he’s looking to pass, on top of the current debt, I’m expecting the US to just hand wave it all away, as they will with student loan debt (but not say, my mortgage, since I don’t have any student loan debt).