Topic: America's new debt ceiling - $19,600,000,000,000 - page 11. (Read 16322 times)

Ah the sheeple. I cannot care less about them, when the wolfs are unleashed, they will all end up bacon.

It's not just the fiat system, but the whole Keynesian ponzi economics theory, that I debunked in my thread:
https://bitcointalksearch.org/topic/delete-1147264

The Americans have spent some $3 trillion so far in Iraq. And the returns have been nothing when compared to the initial expenses. Even now, they are spending tens of billions of USD there in training the Iraqi troops and providing the security, without much improvement. And with the oil and natural gas prices collapsing, it seems to me that the Americans will never be able to recover their investment.

...

We have already passed the Event Horizon re being able to pay off our national debt.  It CANNOT be done.  It certainly will not be done as our politicians have no desire to (nor stomach for) reduce our debt.  This will likely end badly: hyperinflation, government default (one way or another), savage taxation...

There are many analysts who can explain this in better detail than I can. 


But, the important issue here, IMO, is how each of us protect ourselves and our families from a likely disaster.

yeah, what i find funny, are those random man on youtube that bash bitcoin, by calling it a ponzi scheme

when they are clearly supporting the biggest ponzi in history which is the whole fiat syetm, really ridiculous

ehhh.... the ponzi scheme is going insane...

Say goodbye to your savings account and pensions, it will be absorbed by the debt black hole.

Same shit happening in EU, they are preparing for QE2:

http://www.theguardian.com/business/nils-pratley-on-finance/2015/sep/03/european-central-bank-gloom-suggests-qe2-horizon

Roughly yes.  Back-to-back quarters of negative GDP growth define an official "recession".  However, note that in these cases, the recession is deemed to have begun with the first negative quarter.  It's perfectly possible that the US, for example, is already in a recession (we don't yet know Q3 GDP let alone Q4 and Q1) and it will be many months before this uncertainty is resolved.

So it can go down for 5 months, then go up a smaller amount for one month and then down for another 5 and on and on and it will not be called a recession even though the economy is tanking. If that's really how "experts" use it then it is a bullshit metric.

Recession is when country GDP decrease for 6 months in a roll. Most if not all countries are out. But quite some if not most countries had not come to level of GDP as it was in 2008. Term that is used in those countries is "Lost decade".

I agree with you that next crisis will be much harder as it was the one in 2008. Simply because, China and India made 2008 crysis so mild since they run world economy forward. Next crisis will include India and China and .....

Well, most of us will live and see it.

https://www.youtube.com/watch?v=iFDe5kUUyT0

"The Biggest Scam In The History Of Mankind (Documentary) - Hidden Secrets of Money"

I guess many of you will know this video. I think it fits perfect in this thread as it shows how ridicolous this debt system is.

I know most might have seen this following site but for those that have not go have a look at how much a trillion really is.

With the world in the state it is now the words billion and trillion is thrown around as if it's something you can just stuff in a backpack and walk off with it. Well you are going to need far more than a backpack for a trillion.

http://www.pagetutor.com/trillion/index.html

The debt of the United States is a direct result of that of the US federal reserve. The fed prints every new dollar and loans it to the US Treasury at interest. With that system in place, it is impossible for the US to pay off their debt, unless they abolish the fed.

It all depends at whose figures you are looking and or to whom you are listening too. Some countries have never really left the recession and others are already well on their way back into recession. Most figures are so manipulated or rather, the markets are so manipulated thats it hard to know on which figures you can rely. A fact one cannot overlook is that most of the underlying fundamentals already point to many countries being well back into recession mode even though their overlying figures state otherwise.

Europe just announced the increase of their QE program so even more debt will be made trying to stimulate economic growth and the US is not very far from going all in with QE4, negative rates etc.... Japan has also indicated that it will be expanding its own program, which by the way have resulted in little or no change over the past decade even though it has cost them trillions, so you can also expect Japan's debt to increase sharply over the next year and they are already one of the world leader when it comes to debt as a percentage of their GDP.

It's like every central bank is hell bent on beating the markets and we all know how that's going to end. You can fight the markets only for so long before it bites you in the behind. Markets will always return to a point of equilibrium i.e. to a point of balance. You can push it one way or the other but it will eventually return to that point and more often than not that 'return' results in a 'slaughter'.

If you think 2008 was bad then hold on, we are in for the mother of all resets to come. Not now, maybe not even next year. As said, the central banks will go all in so expect more market stimulus and expect markets to make new highs, just do not buy into all the hype. The house of cards will grow taller and taller until....

Nah, to be able to invade those countries, US needs to spend a big money--from debt or not--just to make sure that everything will go according to plan. Sure they gained control over those territories, but I'm pretty sure that it have returned the money they had spent on wars.

I dont understand why all countries with exceptions of those that are way over debted, keep increasing their debt. It just goes up up and up.
I do understand when there was financial crisis and recession after it, that country debts increase, since countries had to spend lots money to boost economy. But right now all countries are long time out of recession and debts just increase and increase and increase.  
Like this when next recession hits, debts will be x10 as now.

It's funny how it only takes a minuscule % of all that fiat debt money to flow int othe bItcoin ecosystem to push the price of 1 Bitcoin to $100,000. It will eventually happen, all that wasted wealth will find it's way out into more legit places to reside such as Bitcoin. There are more chances of 1 Bitcoin going to 1 million dollars than the debt ever getting paid back.

But they earn money on war! It is not like they waste that money and earn nothing in exchange. They robbed all gold from Saddam's palace, they received huge construction contracts to rebuild Iraq after war etc.
I am not sure if they earned more on this war, probably not, but this operations are certainly no charity.

The chart is not good, use logarithmic chart will be more practical. And so will bitcoin's price rise at the same pace due to exponentially rising fiat money supply to support that debt

If you think about where a large portion of debt comes from and who will have to pay the bill in the end, it is actually not insane for the US to take on more and more debt and be engaged in wars around the globe they see as a necessary evil. For a paranoid people like Americans physical security is way more important than financial security. They believe they are protecting their country anywhere in the world, increasing their national debt to unthinkable levels, knowing that it's so large the world as a whole will have to pay for it. Rome- I'm sorry- the US is defended in Afghanistan and Syria right now and everyone on the planet will get the bill. If you try to stop them you know you will be asked to pay for everything that was ever lent. China alone will lose any credits it has ever given to the US. As they don't want their economy to suffer they are forced to play along. Everyone else in the world will have to play along accordingly, as a worldwide mega-crash will make everyone suffer just the same. Large negative numbers don't hurt your way of life, so keep the party going.

So, yes - we will still be here in ten years discussing over a quadrillion debt ceiling, if we are lucky.

No country can pay his own debt, thats the thing. All fiats are all prone to collapse, it's like an ever ending vicious circle. The inflation will never stop because growth is only possible with more inflation.. until you get into a comma.
OP I suggest that you start polishing your Bitcoins too. When people start leaving their own homelands to other countries they will carry Bitcoin way easier than Gold.