What US can do with its dept? Genuine question. - page 4.

ZAINmalik75

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Quote from: a298b112 on October 06, 2023, 08:19:08 AM

We all know that US borrowing heavily. There are a lot of information on US debt on the Internet. Just to make it short, I will ask few questions:

What do you think, how this situation will be resolved? What did happen to any other nations who had huge dept in history? Is there any ways offered by economists to resolve the situation?

They might take more loans or increase the interest rates. To be honest, they are not going anywhere near default because the US is a big economy and they have numerous ways to make money, and they also have a lot of brands generating billions of dollars. And the US is collecting huge taxes from them.

Even though they have imposed taxes on NFTs, crypto, etc., that's not something new.

They might be stuck in a debt cycle, but their relations with other countries are damn awesome, and they don't even have to listen to anyone else because they are so bold in taking actions that other countries need their assistance and love to sit with them at a table.

This condition will be solved by paying off the debt.

Spaceman1000$

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Quote from: a298b112 on October 06, 2023, 08:19:08 AM

We all know that US borrowing heavily. There are a lot of information on US debt on the Internet. Just to make it short, I will ask few questions:

What do you think, how this situation will be resolved? What did happen to any other nations who had huge dept in history? Is there any ways offered by economists to resolve the situation?

There are lots of ways government of different countries tries to unburden debt, the country that is in debt can decide to give out their revenue-generating agency to the country they are indebted to, to be collecting the money from that agency, for example, they can give out their port authority to the country they are indebited to, to be collecting the revenue for a particular period of time pending when they can clear the debt.

The indebted country can also give licence to a particular company to produce a certain product, for which the country they are indebited to will be the sole producer of that product, for a period of time pending when the debt will be cleared. But in the international law, there are ways government's of various nations try to come to level of agreement in settling their debt. Borrowing is good, but what your borrowing for, is the most important question to ask. as a country if you're borrowing for consumption, it will be hard to pay back, because there will be little for you to fall back on. But if you're borrowing for production, it will help your revenue base so you can at least pay back little by little, if not, you will suffer the consequences of he who goes borrowing goes sorrowing.

bittraffic

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Quote from: a298b112 on October 06, 2023, 08:19:08 AM

We all know that US borrowing heavily. There are a lot of information on US debt on the Internet. Just to make it short, I will ask few questions:

What do you think, how this situation will be resolved? What did happen to any other nations who had huge dept in history? Is there any ways offered by economists to resolve the situation?

Other nations who had huge debt in history was that they printed more til people were poor trillionaires.

Biden did have a plan to counter the Belt and Road initiative of China (BRI) but instead of building it in Europe, they should just build it from Alaska and then Canada down to Argentina. Covering the whole continent without having to cross the sea. Maybe they could even extend it to Northpole to Russia which is the new field of gas exploration.

JunaidAzizi

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Quote from: a298b112 on October 06, 2023, 08:19:08 AM

What do you think, how this situation will be resolved? What did happen to any other nations who had huge dept in history? Is there any ways offered by economists to resolve the situation?

This debt was faced by Japan in the early 1900s but they followed the necessary measures and controlled up to some limits. In the case of the US, there are several ways that the US can rid of it. According to me the one and best option for this is to increase trade with other countries. The US needed to increase the surplus trade and reduce its imports. This will provide a backbone to their economy and have good consequences. The surplus trade is the one in which your export is higher than the import and when the less import they can hold much profits which they use to solve this issue.

However, there are also many economists which also give their own thoughts that the US needs to increase the tax on wealthy persons which will create good revenue and the other solution is to stop spending on unnecessary or useless things and some economists give these both planes through which they can easily solve this problem.

Yaunfitda

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Quote from: a298b112 on October 06, 2023, 08:19:08 AM

We all know that US borrowing heavily. There are a lot of information on US debt on the Internet. Just to make it short, I will ask few questions:

What do you think, how this situation will be resolved? What did happen to any other nations who had huge dept in history? Is there any ways offered by economists to resolve the situation?

Isn't it obvious though, I mean they are getting the money from their people in form of:

a. Taxes - we've seen and heard that they are still rising their taxes.
b. very controversial, but it was mentioned by @Yogee, they can make money in conflicts because they are going to supply the armaments.
c. Create jobs - but this is very difficult to achieved without investors money coming in

I'm not sure if there are nations without any national debt it. Sooner or later they will need to borrow money from someone else.

Fortify

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Quote from: a298b112 on October 06, 2023, 08:19:08 AM

We all know that US borrowing heavily. There are a lot of information on US debt on the Internet. Just to make it short, I will ask few questions:

What do you think, how this situation will be resolved? What did happen to any other nations who had huge dept in history? Is there any ways offered by economists to resolve the situation?

When you owe the bank one million, you have a problem. When the bank owes you one million, they have a problem. America is in one of the most desired positions of any country in the world, they are so credit worthy that other countries will continue to lend to them even though they have these vast mountains of existing debt. Not only that, they owe the central bank that allows them to print as much money as they want, which effectively allows them to shrink the debt over time. As they have the main reserve currency of the world, they are able to negotiate excellent deals and even enforce actions on other nations that wish to trade heavily in US dollars, which they have done for many decades now.

Faisal2202

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Quote from: a298b112 on October 06, 2023, 08:19:08 AM

We all know that US borrowing heavily. There are a lot of information on US debt on the Internet. Just to make it short, I will ask few questions:

What do you think, how this situation will be resolved? What did happen to any other nations who had huge dept in history? Is there any ways offered by economists to resolve the situation?

I will give the answer based on my experience, our country was on the edge of declaring default, we consider it already defaulted but till now, our government has not declared that openly (publicly). Well, we are on the edge of default because of huge debts taken from all over the world. We took most of the debt from the IMF and the debt that we had taken is now less than the interest rate that is on that principal amount.

Overall, the thing is we saved ourselves from this by taking more loans (hehe) and we used those loans not to enhance productivity and provide more jobs instead we used that money to open more schemes that are totally useless.

Well, leave this discussion and the answer to your queries will be that the US has big icons and legends, companies, big tycoons, etc. The most rich people and companies are there. People of the US are so rich and the US has resources that they have gained access to using their democracy slogan (hehe Wink

), I doubt if there is any need to worry about this thing, as debt can be dealt in a blink of an eye if they really want to solve it.

Bitcoin Smith

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US is borrowing or they printed their own money?

For any country to revive from the huge debt need to practice multiple things like responsible fiscal policies, controlling their inflation rate, and debt reconstruction.

If I am not wrong, US actually realized it, and they are spending billions of dollars of their taxpayers' money on military to stay as world police, but now they take back and trying to control their military expense and still a lot of work need to be done and someone with actual knowledge of how system works may manage things better than now.

coupable

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Quote from: a298b112 on October 06, 2023, 08:19:08 AM

What do you think, how this situation will be resolved? What did happen to any other nations who had huge dept in history? Is there any ways offered by economists to resolve the situation?

If you mean only the United States, then I think the question is easy to answer because the United States is one of the few countries capable of exporting its debts outside its borders, since it is capable of provoking conflicts and wars in order to sell more weapons and thus obtain more resources for repayment. At the same time, if America wanted to collect its debts around the world to pay its dues, it would certainly create economic chaos that would threaten the stability of countries.
If you mean any other country, this depends on the amount of debt it has and who the creditors are. All countries of the world have debts, but there is something similar to a general state of stability.

Yogee

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Quote from: a298b112 on October 06, 2023, 08:19:08 AM

What do you think, how this situation will be resolved?

If you're asking about US specifically then one major step they've been doing is making money elsewhere. I'm talking about creating conflicts in other countries through interventions under the pretense of "democracy" and protecting their "national interest". They are the top arms exporters for a reason.

bitmover

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Quote from: a298b112 on October 06, 2023, 08:19:08 AM

What do you think, how this situation will be resolved? What did happen to any other nations who had huge dept in history? Is there any ways offered by economists to resolve the situation?

All countries have a huge debt.

Most of them will just roll over their debt, I e., renew the loan (getting more loan to pay the incoming ones)

The interest rates will have to go down some time and everything will be back to normal imo

a298b112

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We all know that US borrowing heavily. There are a lot of information on US debt on the Internet. Just to make it short, I will ask few questions:

What do you think, how this situation will be resolved? What did happen to any other nations who had huge dept in history? Is there any ways offered by economists to resolve the situation?

Topic: What US can do with its dept? Genuine question. - page 4. (Read 529 times)