Topic: America's new debt ceiling - $19,600,000,000,000 - page 4. (Read 16350 times)
USA is going to get wrecked very soon... I'll be looking forward to the 20 trillion debt mark.
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.
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.
"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.
u guys are aware that the "profit" a central bank generates gets passed on to the government treasury?
Is profit necessary anymore, for governments at least? Most governments choose to just create debt anyways.
its not rly profit since a central bank cant make profit (but most ppl agreed to just call it profit)
99 billion got send to the U.S treasury in 2014 for example
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.
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.
"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.
u guys are aware that the "profit" a central bank generates gets passed on to the government treasury?
Is profit necessary anymore, for governments at least? Most governments choose to just create debt anyways.
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.
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.
"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.
u guys are aware that the "profit" a central bank generates gets passed on to the government treasury?
Bitcoin is still very vulnerable to an attacker with deep pockets.
These rich guys can buy a lot of bitcoin, but if the price is too high, many people will sell including the miners, that will put a limit of the price. If they want to sell short, we will buy the coin.
Guy with big pockets buys lots of Bitcoin.. It would just mean they are bigger investors. There's nothing that's going to stop bitcoin at this point. We have more chances of being hit by a giant asteroid and dying than the Bitcoin network/protocol being compromised.
Bitcoin is still very vulnerable to an attacker with deep pockets.
These rich guys can buy a lot of bitcoin, but if the price is too high, many people will sell including the miners, that will put a limit of the price. If they want to sell short, we will buy the coin.
He's not talking about on an exchange. He's talking about the infrastructure that supports the network.
I dont think bitcoin can be hacked so easily.
If an attacker spends hundreds of millions to go for a 51% attack, then the network will always choose the longest chain, and his hundreds of millions will be wasted.
And for bitcoin companies its always important to remain transparent, there is no excuse for shady stuff in bitcoin, because the community reacts quickly.
Bitcoin is still very vulnerable to an attacker with deep pockets.
in wall street, yes.
in exchange environment with TIER restriction (and bots with NO STOP), no.
real rules, no cheating available without the price.
He's not talking about on an exchange. He's talking about the infrastructure that supports the network.
Bitcoin is still very vulnerable to an attacker with deep pockets.
in wall street, yes.
in exchange environment with TIER restriction (and bots with NO STOP), no.
real rules, no cheating available without the price.
Bitcoin is still very vulnerable to an attacker with deep pockets.
The government or even many banks could easily intervene in bitcoin and hard fork it (to create additional coins just for them). At today's rates it would cost roughly 220 million USD to get equipment for 50% of hashrate.
For you and me that is a lot of money, for them it is pocket change. They can even print the money it if need be.
The government or even many banks could easily intervene in bitcoin and hard fork it (to create additional coins just for them). At today's rates it would cost roughly 220 million USD to get equipment for 50% of hashrate.
For you and me that is a lot of money, for them it is pocket change. They can even print the money it if need be.
PoS is not a secure system, it has been demonstrated in the events that we saw with NXT where they even considered a rollback to try to fix the mess that happened with all those exchange hacks. This alone should make you think. The fact they even considered a rollback should raise big alarms.
PoW is still king and will stay king.
PoW is still king and will stay king.
The rollback is not done only with PoS, it can also be done with PoW coins. As long as most miner agree, a transaction can be cancelled. This is called hard fork.
honestly,i never hear about this,and this is shocking me 
if america have debt as much like that,than from where they loan it?anybody can tell me?i never think before that a big country also have debt,and they also give some loan to other country,it cannot believe..
if america have debt as much like that,than from where they loan it?anybody can tell me?i never think before that a big country also have debt,and they also give some loan to other country,it cannot believe..
The US government owns:
42.2% U.S. indiviuals and institutions
17.9% Social security trust fund
11.6% Oil export
and some others.
U.S government debt: $ 18,152,809,942,589
Chinese government debt: $ 5,328,705,984,026
EU government debt: $ 13,559,663,144,281
Russia government debt: $ 248,623,032,338
Brazil government debt: $ 1,479,837,128,028
FED stealing money from Americans.
Apparently Americans OWE the fed 19.5 trillion dollars.
A debt that will never be paid off.
Governments don't want debt to be paid of.Apparently Americans OWE the fed 19.5 trillion dollars.
A debt that will never be paid off.
By 2140, no more Bitcoins will be created so people will probably move on to other crypto currencies.
This sounds consufing.
You mean miners move on to other crypto currencies, since they have too or people (speculators) etc.?
I think that bitcoin would still be as profitable as it is today. it takes just one big bitcoin farm to 51% attack a sha-256 altcoin. So they will most likely move on to new algorithm. Most likely my bet would be that PoW coins will be superior only to some point in the future. Beyond that point PoS or other methods would be far more superior.
At present, PoW is the most fair and efficient way to distribute the coin for long time. In PoS coin, the coins are distributed in one go (ICO) or very short period. So it is unfair to later comers as the only way they can get the coin is to buy. For the PoW coins, you can buy/rent rigs to mine. You can also buy cloud mining service.
PoS is not a secure system, it has been demonstrated in the events that we saw with NXT where they even considered a rollback to try to fix the mess that happened with all those exchange hacks. This alone should make you think. The fact they even considered a rollback should raise big alarms.
PoW is still king and will stay king.
FED stealing money from Americans.
Apparently Americans OWE the fed 19.5 trillion dollars.
A debt that will never be paid off.
Apparently Americans OWE the fed 19.5 trillion dollars.
A debt that will never be paid off.
honestly,i never hear about this,and this is shocking me
if america have debt as much like that,than from where they loan it?anybody can tell me?i never think before that a big country also have debt,and they also give some loan to other country,it cannot believe..
if america have debt as much like that,than from where they loan it?anybody can tell me?i never think before that a big country also have debt,and they also give some loan to other country,it cannot believe..
At the moment they borrow it mostly from American pension funds and some bond funds. They also borrow about 1/3 from foreigners. FED also lends a lot.
And China will care because?
China has an ambition to to kill off the US petrol dollar/reserve currency and replace it with their own.
They are accululating tonnes of gold every month with the possibility of launching a gold back currency, like every reserve currency before the dollar sooner or later the US's turn will come to end.
I am not sure if once you introduce FIAT monetary system there is a way back to commodity backed money. Unless US economy totally crumble that it.China has an ambition to to kill off the US petrol dollar/reserve currency and replace it with their own.
They are accululating tonnes of gold every month with the possibility of launching a gold back currency, like every reserve currency before the dollar sooner or later the US's turn will come to end.
But again, then I would rather expect a war than economic reforms.
honestly,i never hear about this,and this is shocking me
if america have debt as much like that,than from where they loan it?anybody can tell me?i never think before that a big country also have debt,and they also give some loan to other country,it cannot believe..
if america have debt as much like that,than from where they loan it?anybody can tell me?i never think before that a big country also have debt,and they also give some loan to other country,it cannot believe..
its a pity. The bad thing is that whenever there is a crisis in a certain country or they need some donations, America is usually the first to give grants in billions. I didn't know they are that deep in debt. Soon the American dollar will collapse and be overtaken by other currencies such as the euro and above all the might BITCOIN. watch the pace
The Euro? I don't think so, the Euro is screwed up too... if the dollar crashes, the Euro is not going to survive. Similarly, if the Euro crashes, the dollar just can't survive like nothing happened. It only takes 1 big currency to fail to start a devastating domino effect and all of them are on the edge.
All the major currencies are interconnected. When one fails, the other will be affected. That is mainly because of the banking system in the world rely on each other. Only the one outside existing banking system will survive. That is the bitcoin.
The will lift this to $20,000,000,000,000 or $21,000,000,000,000 very quick as usual.
A lot of noise but there will be no impact. This is now going on since some years and there was no effect at all (despite higher debt levels of course)
A lot of noise but there will be no impact. This is now going on since some years and there was no effect at all (despite higher debt levels of course)
Remember the last crisis almost wiped out all banks, and it was only the FED's quick intervention that saved them.
The next crisis will be the big one. Which could come as early as next spring, or after US elections (as no politician wants crisis on their election day)
They just got bigger pails to bail the water out.
There is still a hole, the ship is still sinking...
its a pity. The bad thing is that whenever there is a crisis in a certain country or they need some donations, America is usually the first to give grants in billions. I didn't know they are that deep in debt. Soon the American dollar will collapse and be overtaken by other currencies such as the euro and above all the might BITCOIN. watch the pace
Amazed people still are unware of how much debt the West is in.
Check out the realtime US debt clock -
http://www.usdebtclock.org/
A real eye opener
Just under $58,000 debt for every man woman and child and $156,000 debt for every tax payer.
I dont have any debt, privately.
However publicly people take loans on my behalf without my approval, and make me pay for it: its called fraud.
Jump to: