US Debt Has Exploded - page 8. | Bitcointalksearch.org

yvv

legendary

Activity: 1344

Merit: 1000

.

Quote from: zivone on January 28, 2016, 09:06:54 PM

The largest portion of U.S. debt, 68 cents for every dollar or about $10 trillion, is owned by individual investors, corporations, state and local governments and, yes, even foreign governments such as China that hold Treasury bills, notes and bonds.To put China's ownership of U.S. debt in perspective, its holding of $1.2 trillion is even larger than the amount owned by American households.

It's always China... I am imagining what would happen if China controls US in the future...

You will see some beautiful colors in New York and California.

https://www.google.com/search?q=communist+party+of+china&client=ubuntu&hs=Rj0&channel=fs&source=lnms&tbm=isch&sa=X&ved=0ahUKEwjm6uz3-M3KAhVCdR4KHUN9BwEQ_AUICCgC&biw=1237&bih=657

)

Edit: And be sure these ugly colors will go to hell:

https://www.google.com/search?q=%D0%BF%D0%B8%D0%B4%D0%B5%D1%80%D1%81%D1%82%D1%8B+%D1%84%D0%BB%D0%B0%D0%B3&client=ubuntu&hs=Pm0&channel=fs&source=lnms&tbm=isch&sa=X&ved=0ahUKEwiCouHP-c3KAhVG6x4KHV3CC68Q_AUIBygB&biw=1237&bih=657#channel=fs&tbm=isch&q=gay+flag

MWHAHAHA!!!

zivone

full member

Activity: 182

Merit: 100

The largest portion of U.S. debt, 68 cents for every dollar or about $10 trillion, is owned by individual investors, corporations, state and local governments and, yes, even foreign governments such as China that hold Treasury bills, notes and bonds.To put China's ownership of U.S. debt in perspective, its holding of $1.2 trillion is even larger than the amount owned by American households.

It's always China... I am imagining what would happen if China controls US in the future...

yvv

legendary

Activity: 1344

Merit: 1000

.

Quote from: botany on January 28, 2016, 08:57:26 PM

Quote from: foggyb on January 27, 2016, 12:02:06 AM

Quote from: botany on January 26, 2016, 08:02:42 PM

Quote from: praprata on January 26, 2016, 11:38:59 AM

Quote from: JosNekoKopa on January 26, 2016, 04:49:24 AM

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..

Ofcourse every country have debt. Its not weird.
But now they have made it known, therefore there is now a fuss about.

All countries have debt, but the US is different because
1) Its sheer scale. If the US sneezes, the rest of the world catches a cold.
2) The US debt is denominated in its own currency - USD. So technically they can devalue their currency (print more dollars) and repay the debt.

Only as long as partner countries continue to participate in the ponzi scheme. Eventually they will be forced to withdraw.

They have huge investments in USD now.
They have vested interests in ensuring that the dollar stays strong. They won't rock the boat.

Don't worry. There is always an idiot on the boat who will.

botany

legendary

Activity: 1582

Merit: 1064

Quote from: foggyb on January 27, 2016, 12:02:06 AM

Quote from: botany on January 26, 2016, 08:02:42 PM

Quote from: praprata on January 26, 2016, 11:38:59 AM

Quote from: JosNekoKopa on January 26, 2016, 04:49:24 AM

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..

Ofcourse every country have debt. Its not weird.
But now they have made it known, therefore there is now a fuss about.

All countries have debt, but the US is different because
1) Its sheer scale. If the US sneezes, the rest of the world catches a cold.
2) The US debt is denominated in its own currency - USD. So technically they can devalue their currency (print more dollars) and repay the debt.

Only as long as partner countries continue to participate in the ponzi scheme. Eventually they will be forced to withdraw.

They have huge investments in USD now.
They have vested interests in ensuring that the dollar stays strong. They won't rock the boat.

Moneyburner

member

Activity: 112

Merit: 10

The big debt numbers are scary and ultimately no good, however I'm more concerned with the credit drop we saw a year or two ago

mrflibblehat

sr. member

Activity: 350

Merit: 250

★YoBit.Net★ 350+ Coins Exchange & Dice

I think debt is the US in intentional.
From what I understood even if you have money (cash) and a clean record you cannot buy stuff there.
You have to have a loan first and pay it back, thus creating a history that represents the fact that you are indeed the kind of person that is capable to pay a loan back, then you can get a credit card, because without one you can't get internet subscription, energy subscription, you can't rent a place and so on.

darkangel11

legendary

Activity: 2478

Merit: 1360

Don't let others control your BTC -> self custody

Quote from: Capitascism on January 28, 2016, 03:10:51 PM

Debt is not problem at all. Debt is instrument of slavery!
And if you cannot repay your debt you can lose everything even freedom.
How to overcome this? Who creating this situation?

Debt starts to be a problem when a country has to pay it back not an individual. It can start an unemployment crisis and lead to a wave of bankruptcies.

Capitascism

full member

Activity: 163

Merit: 100

Debt is not problem at all. Debt is instrument of slavery!
And if you cannot repay your debt you can lose everything even freedom.
How to overcome this? Who creating this situation?

darkangel11

legendary

Activity: 2478

Merit: 1360

Don't let others control your BTC -> self custody

So the debt is impossible to manage already. What now? Worldwide panic or a fast reset and revolution? Cheesy

If the debt is in hands of bankers they should already know what's coming and start packing their bags. Nobody is going to make money out of thin air to pay them back.

Capitascism

full member

Activity: 163

Merit: 100

Bad scenario would be economic crisis part 2!
When we will have World government i'm tired?

actmyname

copper member

Activity: 2562

Merit: 2510

Spear the bees

Sure, they have a humongous debt, but the problem is that if the countries decide to cash out on the debts (which they absolutely won't) then that will ruin the global economy pretty badly. Why take large amount when you can slowly take advantage of trading for a long amount of time?

Capitascism

full member

Activity: 163

Merit: 100

Can fall of US economy create more space for BTC?

Paashaas

legendary

Activity: 3512

Merit: 4557

A small gem of an article from Jim Sinclair's Mineset demonstrates one example of this debt problem.

What a clear presentation of the increasing debt load, and decreasing wealth, of Americans, pretty scary Shocked

http://www.jsmineset.com/2016/01/26/29101/

mOgliE

legendary

Activity: 1344

Merit: 1251

Quote from: arbitrage on January 28, 2016, 07:49:26 AM

They cannot change nothing right now bubble is going to burst.
Whole system must be changed from the roots.. And they must bring back Gold standard!
Economic growth will be slower but more secure from banks and their hazardous games of inflation money.

Economic growth shouldn't even be an important parameter. It's totally stupid to create an economy where growth is mandatory! Because the base principle of growth is that it can't go to the infinite and beyond! We have only limited resources ><

arbitrage

hero member

Activity: 560

Merit: 500

They cannot change nothing right now bubble is going to burst.
Whole system must be changed from the roots.. And they must bring back Gold standard!
Economic growth will be slower but more secure from banks and their hazardous games of inflation money.

romero121

legendary

Activity: 3234

Merit: 1214

Vave.com - Crypto Casino

Quote from: elite3000 on January 27, 2016, 08:02:02 PM

At least the US debt is more or less stable right now, less than 19T.

But for how long?

These has got exploded just by the election campaigns that were going on over the united states. This debt does't hit them any time. Even though they are stable within a short term their debt getting vanished off

Richard1972x

full member

Activity: 224

Merit: 100

★YoBit.Net★ 350+ Coins Exchange & Dice

Yeah, the deficit of the US has really exploded. Imagine 20 years ago und er Clinton the budget was covered, there was no deficit. How long will this last? Not so long any more I guess!

mOgliE

legendary

Activity: 1344

Merit: 1251