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Topic: When will the USA pay their debts, if ever? - page 2. (Read 20987 times)

newbie
Activity: 42
Merit: 0
December 30, 2014, 02:21:08 PM
U.S. actually could pay off its debts but it doesn't because it is not necessary. Compared to many other countries the U.S. isn't that far it debt because its not the debt in $ that matters its the debt compared to the GDP.

http://www.usdebtclock.org/world-debt-clock.html


That is propaganda, DEBT/GDP ratio doesnt matter a jackass.

What matters is the central bank  reserve/balance sheet ratio. And there you see a 77:1 leverage according to recent data.

If you were to substract the debt from the GDP then you`d get really screwed up because the amount of unemployment that will result is horrific.

So the CB is the primary responsible for the debt, but still eventually the debt will be paid off by the GDP.

I dont think the fed can run this ponzi scheme any longer, many economists say that Q2-Q3 of 2015 will be the reckoning day, probably when they`ll announce that instead of rate hike you`ll get QE4.

So the FED is pretty much overleveraged, they lied about "more conservative debt policy in 2008" when they said that they`ll reduce the leverage. Yes they probably did reduce it from private banks, but the FED itself embraced it now. So instead of private money being at risk, now they put tax payer money on the risk, very very good policy what can I say.
legendary
Activity: 2044
Merit: 1115
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December 30, 2014, 02:15:29 PM

I'm sure you're speaking from your wealth of personal experience running successful businesses in Somalia, but you and I might have a different definition of "easier."

Well i dont know what "financial freedom" means to you but, if million dollar permissions ,insurance costs and government approvals are needed for your financial freedom, then your economic vision will most likely end up with a global recession.

It's much easier to start up a business if with 100$ in Somalia than with 1000.000 dollars in the USA, you are just too brainwashed by the statist propaganda to realize this.

No, I'm just calling bullshit when I see it. You don't have much credibility after you claimed that India and Russia were easier to run a business in than any western country, and then I posted some pretty compelling data to dispel that idiotic notion. Your views on Somalia should be regarded with the same level of ridicule and disdain.
sr. member
Activity: 294
Merit: 250
December 30, 2014, 01:47:10 PM
U.S. actually could pay off its debts but it doesn't because it is not necessary. Compared to many other countries the U.S. isn't that far it debt because its not the debt in $ that matters its the debt compared to the GDP.

http://www.usdebtclock.org/world-debt-clock.html
member
Activity: 112
Merit: 10
December 30, 2014, 01:37:11 PM
It's much easier to start up a business if with 100$ in Somalia than with 1000.000 dollars in the USA, you are just too brainwashed by the statist propaganda to realize this.

^Where do you live & how old are you?
newbie
Activity: 42
Merit: 0
December 30, 2014, 01:31:26 PM

I'm sure you're speaking from your wealth of personal experience running successful businesses in Somalia, but you and I might have a different definition of "easier."

Well i dont know what "financial freedom" means to you but, if million dollar permissions ,insurance costs and government approvals are needed for your financial freedom, then your economic vision will most likely end up with a global recession.

It's much easier to start up a business if with 100$ in Somalia than with 1000.000 dollars in the USA, you are just too brainwashed by the statist propaganda to realize this.
legendary
Activity: 2044
Merit: 1115
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December 30, 2014, 12:55:12 PM
Please.  The BRICS are a great place to make money, but they are too economically and politically unstable for anyone to seriously consider using any of them as an international currency.   Roll Eyes

Thats funny because Russian has half the taxes that USA has, i wonder where it's more easy to start a business?
...

So...  If Somalia has lower taxes than Russia, you'll start your business there? 
Protip:  Start it under the sea, in international waters.  Lowest taxes evah.

Yes. Hire some armed bodyguards, which will be pretty cheap, get like 50 armed guards protecting your shop and you can start right now.

You dont need to wait half year for permits and all that BS, and you dont need to pay taxes there, the only risk you will have there is civil riots and gang mobs.

It is way easier to operate a business in Somalia than any western country.

I'm sure you're speaking from your wealth of personal experience running successful businesses in Somalia, but you and I might have a different definition of "easier."
newbie
Activity: 42
Merit: 0
December 30, 2014, 12:32:26 PM
Please.  The BRICS are a great place to make money, but they are too economically and politically unstable for anyone to seriously consider using any of them as an international currency.   Roll Eyes

Thats funny because Russian has half the taxes that USA has, i wonder where it's more easy to start a business?
...

So...  If Somalia has lower taxes than Russia, you'll start your business there? 
Protip:  Start it under the sea, in international waters.  Lowest taxes evah.

Yes. Hire some armed bodyguards, which will be pretty cheap, get like 50 armed guards protecting your shop and you can start right now.

You dont need to wait half year for permits and all that BS, and you dont need to pay taxes there, the only risk you will have there is civil riots and gang mobs.

It is way easier to operate a business in Somalia than any western country.
member
Activity: 69
Merit: 10
December 30, 2014, 11:44:08 AM
If Russia had a government that would develop a legal framework that would protect individuals and companies, rather than the interests of the government, it would be the best place to start a business. until then, no foreign startup would ever touch russia
member
Activity: 112
Merit: 10
December 30, 2014, 11:27:02 AM
Please.  The BRICS are a great place to make money, but they are too economically and politically unstable for anyone to seriously consider using any of them as an international currency.   Roll Eyes

Thats funny because Russian has half the taxes that USA has, i wonder where it's more easy to start a business?
...

So...  If Somalia has lower taxes than Russia, you'll start your business there? 
Protip:  Start it under the sea, in international waters.  Lowest taxes evah.
legendary
Activity: 2044
Merit: 1115
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December 30, 2014, 10:50:10 AM

Thats funny because Russian has half the taxes that USA has, i wonder where it's more easy to start a business?

I`ve read that in the UK you need like 5.000.000 pounds to start up a medium businnes because thats is the regulatory costs.

How the fk do you expect economic growth from these countries, if an average guy cant even start up a grocery store without massive regulatory bureocracy BS.

I think its much more easy to do it in Russia, India or any other  non western country.

You might want to actually look it up then. Here are the 2015 World Rankings published by the World Bank:  http://www.doingbusiness.org/rankings

Here are the highlights: Russia, India, and China are three of the worst countries to start or operate a business in. The best ranking countries are generally in the western world or have western-style governments.




member
Activity: 69
Merit: 10
December 30, 2014, 10:48:14 AM
to answer OP, never. As long as the political and cultural climate stays the same, US will keep manually rigging the dice in their favor, with adverse long-term effects
newbie
Activity: 42
Merit: 0
December 30, 2014, 09:22:32 AM
Please.  The BRICS are a great place to make money, but they are too economically and politically unstable for anyone to seriously consider using any of them as an international currency.   Roll Eyes

Thats funny because Russian has half the taxes that USA has, i wonder where it's more easy to start a business?

I`ve read that in the UK you need like 5.000.000 pounds to start up a medium businnes because thats is the regulatory costs.

How the fk do you expect economic growth from these countries, if an average guy cant even start up a grocery store without massive regulatory bureocracy BS.

I think its much more easy to do it in Russia, India or any other  non western country.
hero member
Activity: 1022
Merit: 500
December 30, 2014, 06:34:25 AM
Please.  The BRICS are a great place to make money, but they are too economically and politically unstable for anyone to seriously consider using any of them as an international currency.   Roll Eyes

China has been quite stable for a while.
legendary
Activity: 2912
Merit: 1068
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December 30, 2014, 05:27:38 AM
Never. Quod licet iovi, non licet bovi.
sr. member
Activity: 462
Merit: 250
Firing it up
December 30, 2014, 02:24:35 AM
They will never pay their debts if you know where the new dollars come from.

Yes, there are many ideas which indicates, they pay too little for their mess.
sr. member
Activity: 462
Merit: 250
Firing it up
December 30, 2014, 02:23:58 AM
What kind of debts? There are types of debts. They pay some, but how long can they withstand?

If discussing about the one-dollar bill, then No one knows when Uncle Sam pay their debts.

sr. member
Activity: 462
Merit: 250
December 29, 2014, 11:36:33 PM
They will never pay their debts if you know where the new dollars come from.
legendary
Activity: 948
Merit: 1026
December 29, 2014, 10:54:53 PM
Please.  The BRICS are a great place to make money, but they are too economically and politically unstable for anyone to seriously consider using any of them as an international currency.   Roll Eyes
newbie
Activity: 42
Merit: 0
December 29, 2014, 08:14:51 PM
Why would we do that?  Our debt is the world's most popular investment.   Cheesy

Not anymore, the BRICS is a serious threat to the US debt ponzi scheme, i`m on neither site here to be clear, but if China and Russia will load up on gold, while Switzerland and other countries reject it, then its obvious who will win the next economic crisis.

Of course china has its own real estate bubble and russia has problems with oil, but overall the us has the biggest problem, which is its debt, if russia and others will denomitate their oil ,gas and other stuff in Yuan then the USA is pretty much fked.

It will be a political fight aswell, EU will be always pro USA, and non-EU members might support Russia, but primarly this is an economic problem.
hero member
Activity: 1022
Merit: 500
December 29, 2014, 01:58:14 PM
Why would we do that?  Our debt is the world's most popular investment.   Cheesy

It was very popular but the biggest non US buyers are not buying more when the new debt available is growing. The system will likely fail slowly or violently as the Yuan and other commodities replace at least partially the Dollar as the international currency.
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