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Jamie Dimon believes U.S. debt is the ‘most predictable crisis’ in history—and experts say it could cost Americans their homes, spending power and national security
Yahoo ^ | Feb 11, 2024 | Eleanor Pringle

Posted on 02/12/2024 5:29:56 AM PST by george76

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1 posted on 02/12/2024 5:29:56 AM PST by george76
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To: george76

Dimon is a POS. He and his buddies purposely pushed the country/world into this.
The arsonist calls the fire department…


2 posted on 02/12/2024 5:33:42 AM PST by EEGator
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To: george76

Forget the lawyers, send guns, money & ammo.


3 posted on 02/12/2024 5:36:49 AM PST by nuconvert ( Warning: Accused of being a radical militarist. Approach with caution.)
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To: george76

“while Fed chairman Jerome Powell says it’s past time to have an “adult conversation” about fiscal responsibility”

Not with this bunch in charge.

L


4 posted on 02/12/2024 5:38:59 AM PST by Lurker ( Peaceful coexistence with the Left is not possible. Stop pretending that it is.)
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To: EEGator

Meanwhile Yahoo wants to spend more money to make World War III happen


5 posted on 02/12/2024 5:41:37 AM PST by SaveFerris (Luke 17:28 ... as it was in the Days of Lot; They did Eat, They Drank, They Bought, They Sold ......)
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To: george76


6 posted on 02/12/2024 5:45:03 AM PST by C210N (Mundus vult decipi, ergo decipiatur.)
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To: george76

Jubilee.

We cannot pay $34T in debt.
We cannot default on the debt.

Only one of those statements is really true.


7 posted on 02/12/2024 5:49:18 AM PST by ClearCase_guy
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To: george76

It’s my habit to ask myself, “why do they want me to believe this, now?”

Not that it’s a falsehood, necessarily, but that the media never does anything without a self-serving motive.


8 posted on 02/12/2024 5:53:52 AM PST by xoxox
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To: SaveFerris

$95 billion passed during the Super Bowl.


9 posted on 02/12/2024 5:58:02 AM PST by EEGator
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To: george76

To be a King required a Prince to be schooled.

The Debt 101 course included major lessons in how to deal with unmanageable national debt. The two tried and two solutions are devaluation and war. American currency was devalued to zero long ago as gold and silver was cast aside. The best way to devalue now is via inflation.

There was another course Revolution 300 that taught the dangers to Rulers should inflation and war not be properly conducted.


10 posted on 02/12/2024 6:00:20 AM PST by bert ( (KE. NP. +12) Hamascide is required in totality)
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To: xoxox; EEGator
(the media never does anything without a self-serving motive.)

Yep.




11 posted on 02/12/2024 6:02:07 AM PST by SaveFerris (Luke 17:28 ... as it was in the Days of Lot; They did Eat, They Drank, They Bought, They Sold ......)
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To: ClearCase_guy

We could monetize the debt. Jamie and his friends could make another $3.4 T or so in fees for processing the transactions. Maybe more in buying up worthless paper and then selling it to themselves at a “reasonable” fraction of face value with the $34 T in printed money to monetize the debt.


12 posted on 02/12/2024 6:02:28 AM PST by AndyJackson
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To: george76
Dimon added: “This is about the security of the world.

How about American just worry about the security of Americans for a change.

13 posted on 02/12/2024 6:03:21 AM PST by AndyJackson
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To: EEGator

All part of the UN agenda 2030.


14 posted on 02/12/2024 6:04:38 AM PST by Ronald77
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To: george76
"Experts say"...

The last 5 years proved that betting that "experts" are usually wrong is a fairly safe bet.

15 posted on 02/12/2024 6:04:55 AM PST by Sooth2222 (“Toute nation a le gouvernement qu’elle mérite.” /"Every nation has the government it deserves.” )
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To: Ronald77

All about bringing on “The Great Reset”, all debts forgiven.


16 posted on 02/12/2024 6:05:28 AM PST by dfwgator (Endut! Hoch Hech!)
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To: EEGator

Figures - they know how to do it


17 posted on 02/12/2024 6:08:41 AM PST by SaveFerris (Luke 17:28 ... as it was in the Days of Lot; They did Eat, They Drank, They Bought, They Sold ......)
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To: Ronald77

Somehow the Globalists are going to get their New World Order - and their Antichrist with it - it will be a short but terrible reign

Daniel 7:23
King James Version

23 Thus he said, The fourth beast shall be the fourth kingdom upon eyarth, which shall be diverse from all kingdoms, and shall devour the whole earth, and shall tread it down, and break it in pieces.

https://www.biblegateway.com/passage/?search=Daniel%207%3A23&version=KJV


18 posted on 02/12/2024 6:12:26 AM PST by SaveFerris (Luke 17:28 ... as it was in the Days of Lot; They did Eat, They Drank, They Bought, They Sold ......)
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To: Sooth2222

(”Experts say”...)

Yahoo did this exact thing with taking Social Security money early


19 posted on 02/12/2024 6:16:23 AM PST by SaveFerris (Luke 17:28 ... as it was in the Days of Lot; They did Eat, They Drank, They Bought, They Sold ......)
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To: george76

34 trillion dollars is the national debt. To put that in perspective, 34 trillion seconds is 10,600 CENTURIES. There are only three ways to discharge this debt.

1) repudiate the debt destroying the US credit rating and kicking off a world wide depression.
2) stop borrowing snd maintain the current tax revenues (somehow) and direct half that revenue to,paying off the debt at the expense of other federal programs. In 100-125 years we will be debt free.
3) inflate the currency wildly so that $34trillion is next to nothing. Right now about $2000 buys an ounce of gold. In flats the currency do it takes $200,000,000 to buy an ounce of gold snd then discharging $34trillion is simply a print order at the mint. This would destroy most Americans economically leaving us much like Venezuela.

Guess which one the government will do.


20 posted on 02/12/2024 6:27:26 AM PST by muir_redwoods (Freedom isn't free, liberty isn't liberal and you'll never find anything Right on the Left)
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