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Topic: When will the USA pay their debts, if ever? - page 17. (Read 20985 times)

legendary
Activity: 1582
Merit: 1064
Never. There is not enough money to pay back all the debts.

https://www.youtube.com/watch?v=iFDe5kUUyT0

I am sure the Arab and Chinese will be glad to buy certain assets and technology patents from the US rather than getting paid back in FIAT.


They already own half of America.  Grin
full member
Activity: 343
Merit: 100
Never. There is not enough money to pay back all the debts.

https://www.youtube.com/watch?v=iFDe5kUUyT0

I am sure the Arab and Chinese will be glad to buy certain assets and technology patents from the US rather than getting paid back in FIAT.
legendary
Activity: 1045
Merit: 1000
We over-focus on federal government debt. The US is in a relatively normal position compared to other developed countries and has low assets:debt. The latter is important because the government can certainly tax more than income to get out of debt.
I think a much better focus would be on the unfunded liabilities of our social programs like social security and medicare/medicaid (and now obama care). Once you take these programs into consideration things will start to look much worse for the US.

you reduce debts by inflation not by paying back, when you are a state.
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
Exactly. The US can purposely devalue the dollar where $1,000,000 will only be worth $1 today. Pay off $15 trillion in debt by inflating the currency.

The only problem with that approach will be that they cannot borrow any more and USD will stop being the global reserve currency.


that would be true, nobody would use this crap anymore and i guess we will see this in slow motion. china accumulates more gold than any other country in the world. why  Tongue ?
sr. member
Activity: 476
Merit: 250
We over-focus on federal government debt. The US is in a relatively normal position compared to other developed countries and has low assets:debt. The latter is important because the government can certainly tax more than income to get out of debt.
I think a much better focus would be on the unfunded liabilities of our social programs like social security and medicare/medicaid (and now obama care). Once you take these programs into consideration things will start to look much worse for the US.
legendary
Activity: 1372
Merit: 1000
--------------->¿?
let other countries get enough gold, hyper inflate the debt away, allow gold to rise to meet value of all money, balance sheet zerod, start again.


Or just pay back the debts with non debt based money instead of paying them back each time with more debts.
full member
Activity: 210
Merit: 100
let other countries get enough gold, hyper inflate the debt away, allow gold to rise to meet value of all money, balance sheet zerod, start again.
legendary
Activity: 1372
Merit: 1000
--------------->¿?
Never. There is not enough money to pay back all the debts.

https://www.youtube.com/watch?v=iFDe5kUUyT0
newbie
Activity: 57
Merit: 0
"When will the USA eventually collapse on their debts?" would have been a better question...how long can this charade continue?
donator
Activity: 1218
Merit: 1015
We over-focus on federal government debt. The US is in a relatively normal position compared to other developed countries and has low assets:debt. The latter is important because the government can certainly tax more than income to get out of debt.
sr. member
Activity: 406
Merit: 250
It's physically not possible for them to do so now because they have allowed themselves to get too far into debt. The longer it is left the more gets pushed on to meaning it's really a never ending circle for them now. They could try to pay their debts but it may never make a difference now.
legendary
Activity: 1582
Merit: 1019
011110000110110101110010
Never, take your precautions with this knowledge
This.

A default is inevitable. It's a good idea to get into a position where you are as shielded as possible from it.

They cant default,  but they can inflate it away.

True but with China being one of the largest holders of US debt they would see it happening and start a sell of of the debt and then collapse the USA Economy, or just go straight to nukes.
legendary
Activity: 2884
Merit: 1115
Leading Crypto Sports Betting & Casino Platform
When will the USA pay their debts, if ever?

http://www.usdebtclock.org/

You know that is actually an excellent question

I don't expect the USA to actually end up with a debt surplus for centuries to say the least assuming that their fiat based monetary system lasts that long, rather I expect the USA currency to collapse severely devalue and lose purchasing power but not collapse or for their debt to be erased one way or another by occupations/wars with other countries lol.

(You know that whole I owed the previous government 1 dollar but decided to occupy it instead and clean my debt books since I don't recognize the new government lol)
hero member
Activity: 854
Merit: 1000
Bitcoin: The People's Bailout
The US has run budget deficits for well over 100 years with the exception of the late 90's....

The politicians managed to balance the budget for a couple of years in the late 90's only because they raided the Social Security Trust Fund and replaced those funds with IOUs from the US Treasury.
sr. member
Activity: 476
Merit: 250
If you think about it the USA has never paid much of it's debt back since the days of Jackson (who hated banks and paid the national debt off).  Basically it will roll its debt forward forever (or as long as investors will allow it) and the US will rely on inflation to reduce the real value of the debt.  Even a 2% inflation rate halves the real value of debt every 30 years or so, and I think we can expect higher inflation than that going forward.  (Though I have been wrong on this before.)

There was a time when people just assumed countries would never pay back debt.  A lot of early UK debt was perpetual.
The US has run budget deficits for well over 100 years with the exception of the late 90's. Whenever a country is running a budget deficit, on a net basis it is not able to repay it's debts, but must borrow additional funds to fund it's deficit. The theory is that as long as a country's economy(income) continues to grow, that the total debt will shrink as a percentage of the total economy as long as the debt grows at a slower pace then the economy does.
legendary
Activity: 1582
Merit: 1064
Exactly. The US can purposely devalue the dollar where $1,000,000 will only be worth $1 today. Pay off $15 trillion in debt by inflating the currency.

The only problem with that approach will be that they cannot borrow any more and USD will stop being the global reserve currency.
legendary
Activity: 1442
Merit: 1186
USA can pay any debt. make more research but here is a hint:



Exactly. The US can purposely devalue the dollar where $1,000,000 will only be worth $1 today. Pay off $15 trillion in debt by inflating the currency.
sr. member
Activity: 280
Merit: 250
time
Debts are made to be owed not paid off.
full member
Activity: 123
Merit: 100
The love of fiat is the root of all good
When will the USA pay their debts, if ever?

http://www.usdebtclock.org/

Who cares? Our kids and grandkids will figure something out. It's their problem, not ours.  Grin
full member
Activity: 169
Merit: 100
When will the USA pay their debts, if ever?

http://www.usdebtclock.org/

Why pay back the debt if they can keep rolling the debt over and pay negative interest?

In essence, the creditor nations are paying US for owing them money.
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