Topic: America's new debt ceiling - $19,600,000,000,000 - page 13. (Read 16350 times)
The debt of United States its a bit ugly, its impossible to return it. And I suppose that isn't the only country that will have problems to pay its debt. Yes they can impress more money to pay, but with this movement they create new debt. One of the big things of bitcoins its that there is a limit of bitcoins, you can't "print" more bitcoins.
Debt ceiling alarm! Press "snooze". Go back to sleep.
Goodness gracious where is this headed to?? When this blows up we will be all screwed, the whole world.
I am so happy that I got into Bitcoin!
I am so happy that I got into Bitcoin!
I've been thinking about that a lot - where is this heading to? Can it really explode?
I'm no economics expert but here's my take...
How much of this debt is owed to America vs. other countries or entities? The debt owed to other countries or entities is real. Those groups can knock on America's door and say "pay up" and America would have to comply. The debt to America is internal...like borrowing money from a family member. The payoff requirement is more blurry.
I wonder what real discussions are had at the highest levels of government about what to do if the debt cycle implodes "on my watch"... America isn't the only country with soaring debt.
All this talk makes me want to go pay down some debt!
Goodness gracious where is this headed to?? When this blows up we will be all screwed, the whole world.
I am so happy that I got into Bitcoin!
I am so happy that I got into Bitcoin!
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
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
Can anyone extend this graph out? At this insane exponential (possibly exponential2) growth, when will we hit a debt ceiling of 1 quadrillion? I think it will happen much sooner than we expect, possibly as soon as 2030 at the current rate of growth.
Doubt it will go that high, its already way past the unsustainable point as is. Also seriously doubt whether most of that debt will ever be paid back. The central banks bargain on the economy growing itself out of the debt but cannot see that happening. Not sure how they are going to get it sorted out, all I know is that something big is on its way and it ain't going to be a picnic.
Also, don't forget about Europe, Draghi is trying his level best to catch up on his own chart, don't like being left behind.
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
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
Can anyone extend this graph out? At this insane exponential (possibly exponential2) growth, when will we hit a debt ceiling of 1 quadrillion? I think it will happen much sooner than we expect, possibly as soon as 2030 at the current rate of growth.
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
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
Jump to: