There will be no safe place on planet when global collapse starts.
Bitcoin is very strong tied for dollar right now, and could be collateral?
Topic: US Debt Has Exploded - page 10. (Read 10049 times)
That's why US is no longer the number 1 country in the world unlike few decades ago. They've been printing money at will without anyone backing it unless you consider debt a good backer. The economy is credit-based which should only be temporary but it seems they got fond of it and made it permanent and what made it worse is that they keep on blowing the bubble to make it bigger.
US will bring whole world to knees when their bubble burst!
And i don't know if anything can be done to stop this madness..
And i don't know if anything can be done to stop this madness..
Next 7 Obama years: 8.126 trillion dollars
Compare what we've done in the last 15 years to what we did in the first 224 years. We've more than tripled in the last 15 years what it took 224 years to accumulate in debt.
Eeeeehhh that's nothing. After you learn about the 1.6 quadrillion $ derivative market, you will see that the national debts are like a joke compared to it.
insert thank you gif.
It's like nobody understands how insane it is to have a market exchanging 20 times the amount of goods that actually exist. It always creates a bubble, exactly what happened with the subprimes. The exchange market was 20 times the real one, banks where betting on bet of bet of bet of bets of subprimes. It doesn't work like this...
Next 7 Obama years: 8.126 trillion dollars
Compare what we've done in the last 15 years to what we did in the first 224 years. We've more than tripled in the last 15 years what it took 224 years to accumulate in debt.
Eeeeehhh that's nothing. After you learn about the 1.6 quadrillion $ derivative market, you will see that the national debts are like a joke compared to it.
yup crypto has been planned for ages the debt bomb was all a big joke
China is screwed
China is screwed
Not entirely, hasnt china been buying up our precious metals to serve their overpopulated country.
Trying to replace u.s. currency making known world currency like u.s. did to their own as official denomination.
I feel like if anything we`ll just keep kicking the can, by still printing more fiat till and I wont live around to see it.
...
If G. E. Griffin is right in his book (The Creature from Jekyll Island, about the Federal Reserve, our nation's central bank), then the Debt was never even meant to be paid!
As the US government has spent way beyond tax receipts, the Fed has bought the Treasury Bonds covering the deficits. And how did they get the money to buy all of those Treasuries?
They printed it. Griffin writes at length showing that all of our currency (Federal Reserve Notes) is created when the Fed buys those bonds. This means that ALL of our "money" is now based on debt. Pay down the debt, money (Federal Resrve Notes) is destroyed...
It's pretty weird and pretty ugly. Probably fewer than 1% in our country understand this.
If G. E. Griffin is right in his book (The Creature from Jekyll Island, about the Federal Reserve, our nation's central bank), then the Debt was never even meant to be paid!
As the US government has spent way beyond tax receipts, the Fed has bought the Treasury Bonds covering the deficits. And how did they get the money to buy all of those Treasuries?
They printed it. Griffin writes at length showing that all of our currency (Federal Reserve Notes) is created when the Fed buys those bonds. This means that ALL of our "money" is now based on debt. Pay down the debt, money (Federal Resrve Notes) is destroyed...
It's pretty weird and pretty ugly. Probably fewer than 1% in our country understand this.
yup crypto has been planned for ages the debt bomb was all a big joke
China is screwed
China is screwed
this should encourage more, the people to invest in bitcoin, and help growing an alternative way to the plague that was/still is our conventional money system
trusting fiat at present is more dangerous than investing in bitcoin, numerous case of money lost due to banks playing with people money
there was a case of a bank(here) suggesting to an old man to invest in a low risk investment that then is become a heavy risk one, and he lost 100k in euro, he commited suicide by hanging
trusting fiat at present is more dangerous than investing in bitcoin, numerous case of money lost due to banks playing with people money
there was a case of a bank(here) suggesting to an old man to invest in a low risk investment that then is become a heavy risk one, and he lost 100k in euro, he commited suicide by hanging
Dude, people trusted banks when they explained that subprimes were good and that "variable interest rates" didn't really mean variable. You really think people will even think about another way than banks?
https://www.youtube.com/watch?v=jqvKjsIxT_8
This is very good video watch and learn!
This is very good video watch and learn!
Here's what I don't understand.
All new money = debt. All debt comes with interest. Therefore there is not enough money to pay back the debt.
Money supply must be constantly increased to pay back old debt. Money supply can only be increased by going further into debt.
Governments therefore MUST run deficits to keep the money supply expanding so there is enough money to pay back old debts.
So what we are seeing MUST have happened at some point- constant deficits are the only way to keep the system working.
I remember reading somewhere that during Bill Clinton's terms, while there was a government surplus, the Fed were concerned about the effect this was having on the money supply. Government deficits are REQUIRED.
This seems clear as day to me yet it is not widely acknowledged to be so. Am I wrong? Or is everyone else wrong?
All new money = debt. All debt comes with interest. Therefore there is not enough money to pay back the debt.
Money supply must be constantly increased to pay back old debt. Money supply can only be increased by going further into debt.
Governments therefore MUST run deficits to keep the money supply expanding so there is enough money to pay back old debts.
So what we are seeing MUST have happened at some point- constant deficits are the only way to keep the system working.
I remember reading somewhere that during Bill Clinton's terms, while there was a government surplus, the Fed were concerned about the effect this was having on the money supply. Government deficits are REQUIRED.
This seems clear as day to me yet it is not widely acknowledged to be so. Am I wrong? Or is everyone else wrong?
Economic slavery?
But who asking all that money from you?
But who asking all that money from you?
There is no way this debt can ever be paid. At what point do they file for bankruptcy? I don't think replacing the financial system with anything will solve it. There is a storm coming and when it lands it's not going to be pretty.
How to overcome this problem?
Why we can't just easy overthrown dollar and use gold standard, and bitcoin as new currency.
Whole dream won't happen, because they have better plans for us..
NWO!
Why we can't just easy overthrown dollar and use gold standard, and bitcoin as new currency.
Whole dream won't happen, because they have better plans for us..
NWO!
Problem is when US bubble explode every other country in the world will follow because,
dollar is the spare world carencie and is use to trade oil...
We can see many social unrests, maybe wars..That is not good!
dollar is the spare world carencie and is use to trade oil...
We can see many social unrests, maybe wars..That is not good!
So we are looking at the brink of the house of cards?
anyone could predict when will that occur? i have read and watch some videos out here around 2~3 years ago predicting the fall of the majors
would this become one of those hints?
anyone could predict when will that occur? i have read and watch some videos out here around 2~3 years ago predicting the fall of the majors
would this become one of those hints?
Whole world's in debt!
Only those people who don't have mortgages and don't owe something to banks
have real liberty. Others are modern slaves!
Only those people who don't have mortgages and don't owe something to banks
have real liberty. Others are modern slaves!
Buy bitcoin and gold.
They are the best vaults to survive the fallout.
People that did not buy bitcoin or gold will turn into ghouls!
well actually gold is better I think although bitcoin can be considered gold, gold represents for the value of currency as well as has physical value so buying gold should be better than bitcoin I thinkThey are the best vaults to survive the fallout.
People that did not buy bitcoin or gold will turn into ghouls!
Buy both.
We have seen that BTC price and gold price, especially lately, do not move in tandem, therefore are both excellent candidates for diversification (my middle name).
Unless one is very wealthy or knows a lot more than I do about computer science (BTC, cryptography, programming, etc.), having 1% to, say, 3% of your net in BTC seems about right. BTC is very volatile...
But, should BTC jump to well over $1000, then any 1% that you invest there will more than double. If BTC goes for the moon (over $5000 price), then that little speculation will become very meaningful.
* * *
Holding gold (5% - 20%, again depending on circumstances and comfort level) is good too.
Gold may save your financial butt in some SHTF hurricane scenarios too...
Any state debt can be paid by taxes from all country people, simply just making taxes higher. In this case US debt looks like quite high - so I think US government have already plan what to do. 
They cannot impose unlimited taxes to the ppl without actually stimulating the economy. Otherwise the economy will collapse! U.S. Gov has to move cautiously! Jump to: