America's new debt ceiling - $19,600,000,000,000

malphite

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Quote from: RealPhotoshoper on March 20, 2016, 02:47:12 PM

Quote from: markj113 on October 23, 2015, 03:31:41 PM

America's new debt ceiling - $19,600,000,000,000 (thats in the trillions if you were not sure)

Thats $60,000 debt for every man, woman and child in the country.

Ticking timebomb waiting to blow, keeping the gold nicely polished waiting for the day

its really massive amount of debt,and i wonder how can america have so many debt,for what purpose that money?and where they get loan?
i know every coutries have debt,but i never see debt as much like that,and i love this fact :

Quote

Thats $60,000 debt for every man, woman and child in the country.

You know for a fact, that theres no chance in hell we will ever pay that back.

Damage is already done, just hope people can see the alternatives and hope bitcoin gets picked up more as we get near halving..

I really see no solution, even if we did tax the rich..etc.

markj113

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Quote from: Jambolb2 on March 27, 2016, 08:26:50 AM

Quote from: markj113 on October 23, 2015, 03:31:41 PM

America's new debt ceiling - $19,600,000,000,000 (thats in the trillions if you were not sure)

Thats $60,000 debt for every man, woman and child in the country.

Ticking timebomb waiting to blow, keeping the gold nicely polished waiting for the day

But the people in that country have more than $60,000 in wealth in the house and other properties. So they think they can pay it back.

No they dont, most people's houses are mortgaged and part of the debt.

And its $60k per man, woman and child so equates to short of 1/4 million dollars per household of 2 adults 2 children.

The fact there are still people out there that think $19 trillion dollars debt isnt a problem kinda shocks me.

Jambolb2

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Quote from: markj113 on October 23, 2015, 03:31:41 PM

America's new debt ceiling - $19,600,000,000,000 (thats in the trillions if you were not sure)

Thats $60,000 debt for every man, woman and child in the country.

Ticking timebomb waiting to blow, keeping the gold nicely polished waiting for the day

But the people in that country have more than $60,000 in wealth in the house and other properties. So they think they can pay it back.

RealPhotoshoper

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Quote from: markj113 on October 23, 2015, 03:31:41 PM

America's new debt ceiling - $19,600,000,000,000 (thats in the trillions if you were not sure)

Thats $60,000 debt for every man, woman and child in the country.

Ticking timebomb waiting to blow, keeping the gold nicely polished waiting for the day

its really massive amount of debt,and i wonder how can america have so many debt,for what purpose that money?and where they get loan?
i know every coutries have debt,but i never see debt as much like that,and i love this fact :

Quote

Thats $60,000 debt for every man, woman and child in the country.

bitbunnny

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I agree, the debt is huge but I think that America will never repay it. I don't think that the leaders are very worried about it, it's just the way that its economy is being functioning for a while now.

markj113

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Quote from: clickerz on March 13, 2016, 10:58:01 AM

Quote from: craked5 on February 25, 2016, 09:29:16 AM

Hahahaha xD

I like your reaction! OOOOOOOOOOOOOOOOH if you think it gonna work then it's all good.
They gotta have some kind of Plan B nah?

Thats huge debt,19 trillion dollars? What would be the plan B? Possibly to declare War? Print more dollars or to increased more taxes? But we hope America can manage it as the have more capable and great leaders to solve it.

Strange how your last 2 presidents have clocked up the dept more than any others in history, Obama being the worst.

Still amazes me how people believe their "leaders" have all the answers and will fix all the problems. Dont forget when it does all go tits up none of the ruling elite will go hungry but you may.

clickerz

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Quote from: craked5 on February 25, 2016, 09:29:16 AM

Hahahaha xD

I like your reaction! OOOOOOOOOOOOOOOOH if you think it gonna work then it's all good.
They gotta have some kind of Plan B nah?

Thats huge debt,19 trillion dollars? What would be the plan B? Possibly to declare War? Print more dollars or to increased more taxes? But we hope America can manage it as the have more capable and great leaders to solve it.

onemd

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Quote from: Jambolb2 on February 28, 2016, 04:11:56 AM

Quote from: checkseksan on February 25, 2016, 09:06:48 AM

Good news for everyone! Shocked

If the American debt is too high and it cannot afford to repay the debt, it will cause the world financial crisis.

The American debt is in US dollars. The Fed cannot print unlimited amount of bills to pay it back. There is no problem at all.

Jambolb2

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Quote from: checkseksan on February 25, 2016, 09:06:48 AM

Good news for everyone! Shocked

If the American debt is too high and it cannot afford to repay the debt, it will cause the world financial crisis.

craked5

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Quote from: markj113 on February 25, 2016, 03:45:48 AM

Quote from: romero121 on February 24, 2016, 09:05:55 PM

Just because of few failed schemes. Commonly it can't be said as america has a flawed system. If so people should stop comparing with america.
The debt has never been high like this but this time it had reached the people just because of ongoing election campaigns. I think it won't affect
them bad. Sure they will have alternate plans to overcome or reduce it in a short time.

Hahahaha xD

I like your reaction! OOOOOOOOOOOOOOOOH if you think it gonna work then it's all good.
They gotta have some kind of Plan B nah?

checkseksan

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Good news for everyone! Shocked

markj113

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Quote from: romero121 on February 24, 2016, 09:05:55 PM

Just because of few failed schemes. Commonly it can't be said as america has a flawed system. If so people should stop comparing with america.
The debt has never been high like this but this time it had reached the people just because of ongoing election campaigns. I think it won't affect
them bad. Sure they will have alternate plans to overcome or reduce it in a short time.

romero121

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Quote from: mOgliE on February 24, 2016, 07:12:17 AM

Quote from: arbitrage on February 16, 2016, 08:11:08 AM

Quote from: bob123 on February 14, 2016, 10:02:48 AM

Quote from: Anddos on February 14, 2016, 09:50:47 AM

They deserve it. And it proves the US has a flawed system that doesn't work. It's the american dream.

Unfortunately most of americans dont realize this fact :7

I just don't think this way! No one deserve this!
US people is just in their great dream..Freedom and security..
But they must wake up before it's too late. Many Americans are without homes now
i wonder when will the rest of them realise where are they going?

They're responsible for letting a shitty government ruining such a great opportunity!

Just because of few failed schemes. Commonly it can't be said as america has a flawed system. If so people should stop comparing with america.
The debt has never been high like this but this time it had reached the people just because of ongoing election campaigns. I think it won't affect
them bad. Sure they will have alternate plans to overcome or reduce it in a short time.

mOgliE

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Quote from: arbitrage on February 16, 2016, 08:11:08 AM

Quote from: bob123 on February 14, 2016, 10:02:48 AM

Quote from: Anddos on February 14, 2016, 09:50:47 AM

They deserve it. And it proves the US has a flawed system that doesn't work. It's the american dream.

Unfortunately most of americans dont realize this fact :7

I just don't think this way! No one deserve this!
US people is just in their great dream..Freedom and security..
But they must wake up before it's too late. Many Americans are without homes now
i wonder when will the rest of them realise where are they going?

They're responsible for letting a shitty government ruining such a great opportunity!

onemd

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Quote from: bob123 on February 14, 2016, 10:02:48 AM

Quote from: Anddos on February 14, 2016, 09:50:47 AM

They deserve it. And it proves the US has a flawed system that doesn't work. It's the american dream.

Unfortunately most of americans dont realize this fact :7

Most of the Americans know that they cannot pay back the money they owe. Their grand children have to pay.

arbitrage

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Quote from: bob123 on February 14, 2016, 10:02:48 AM

Quote from: Anddos on February 14, 2016, 09:50:47 AM

They deserve it. And it proves the US has a flawed system that doesn't work. It's the american dream.

Unfortunately most of americans dont realize this fact :7

I just don't think this way! No one deserve this!
US people is just in their great dream..Freedom and security..
But they must wake up before it's too late. Many Americans are without homes now
i wonder when will the rest of them realise where are they going?

bob123

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Quote from: Anddos on February 14, 2016, 09:50:47 AM

They deserve it. And it proves the US has a flawed system that doesn't work. It's the american dream.

Unfortunately most of americans dont realize this fact :7

Anddos

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They deserve it. And it proves the US has a flawed system that doesn't work. It's the american dream.

Laosai

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Quote from: iternetuser on February 13, 2016, 12:49:37 PM

Quote from: nickenburg on February 13, 2016, 11:21:47 AM

I just don't understand why they have so much debt, it is impossible to pay back there is not enough money in the world to repay all the debts!
It is only so the banks can make money, The people should rise against this.
The time has come our country's took over the production of money again, how is it possible that someone else controls that..

the US makes around 6-7 trillion $ tax revenue each year (including state,local and federal taxes). So its possible to pay back these loans with less spending and higher taxes.

Yeah and with stop trying to go to war every year like it's some kind of tradition. And stop letting the bank do whatever they want...

arbitrage

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Quote from: KiwiParty on February 13, 2016, 10:38:50 AM

Quote from: arbitrage on February 13, 2016, 09:29:10 AM

US also should not make wars around the world....blabla
....

Werent those ppl from iran just crying out that THE WORLD should not only watch?
now what?
Truth is the us citizens have to pay for the safety of people around the world. thats called responsibility.

US weapon industry need constant wars and that is clear..
If you don know US have been involved in more then 20 wars after ww2.
https://en.wikipedia.org/wiki/List_of_wars_involving_the_United_States

How come one peaceful nation have interest around globe, they want to bring democracy to people..?
Multinational corporations and exploitation of natural resources of those countries, are main cause for interventions and building military bases for future missions.

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