Topic: When will the USA pay their debts, if ever? - page 3. (Read 20979 times)
Why would we do that? Our debt is the world's most popular investment.
Why would they pay off their debt? Its a pretty sweat deal they are having going on at the moment. They will simply keep printing more and more dollars and there are more suckers out there willing to give up their products and services produced with hard work for those Benjamins.
As they go more in debt, they spend more and promise more "free" money which will be a problem when they can't deliver the money easily anymore.
Why would they pay off their debt? Its a pretty sweat deal they are having going on at the moment. They will simply keep printing more and more dollars and there are more suckers out there willing to give up their products and services produced with hard work for those Benjamins.
the short reply would be .... Never...
they will just keep on printing money and Gov bonds, which will only increase such dept.
they will just keep on printing money and Gov bonds, which will only increase such dept.
You know that the debt is denominated in the very same USD that's being printed, right?
yes i do, and your point being...?
The point being that if I owe you USD, and I print USD, I can ask the guy running my printing presses to print up whatever it is I owe you & give it to you.
Debt paid, easy peasy
Debt paid but it will have dire consequences.
What if bitcoin is a long term secret plan from the us government to destroy the debt? bitcoin gets mass adoption first then usd goes freefall, bye bye debt
No because it's open source, it has no backdoors, so why would the control maniacs give up the power above the currency?
It makes no sense.
Plus, the media propaganda always speaks badly about the Bitcoin, if it were a government false flag, then it would be cheered by wallstreeters and media propagandists.
I agree that this logic does not make sense because the government would give up control of their monetary policy and it would be difficulty to prevent bank runs in times of economic crisis.
It would be better for the government to have a strong Dollar while creating a lot of it.
You are right that right now governments in the West are looking to have a weak currency but I don't think it has the advantages they say it has.
Having a weak currency has its advantages especially for countries which are net exporters. Sometimes currencies exchange rate are manipulated in situations where they expect to have trade surplus for that month.
they will pay them now with bitcoin, they will not be able to steal money to people
the short reply would be .... Never...
they will just keep on printing money and Gov bonds, which will only increase such dept.
they will just keep on printing money and Gov bonds, which will only increase such dept.
You know that the debt is denominated in the very same USD that's being printed, right?
yes i do, and your point being...?
The point being that if I owe you USD, and I print USD, I can ask the guy running my printing presses to print up whatever it is I owe you & give it to you.
Debt paid, easy peasy
no that will only increase more debt long term... coz the money you print has no collateral ... youll get more money in circulation which will result in devaluation of the currency , which will unltimately increase the remaining debt
It has collateral, but very low, i think its 1-2% in the USA now. Really funny a the Dod-frank act that they`ve pushed actually was intended to decrease the leverage banks used to prevent any new collapses, yet the reserve requirement was lowered to 1 or 2% i dont remember.
Funny, do what i say not what i do, what hypocrites are these politicians
they sure are hypocrites... Did not know about that collateral in the US of A, was talking more from the general economic perspective where the known fact is that printing money only leads to devaluation of the ( any ) currency and produces an increased inflation.
More money in circulation, but its worth less, the prices then sky rocketing and the debt will only raise .
Quod est inferius est sicut quod est superius, et quod est superius est sicut quod est inferius
Whatever is below is similar to that which is above.
Whatever is below is similar to that which is above.
People will imitate their leaders. The addiction to debt is destroying nations, destroying communities, and destroying families. It must be stopped before it destroys our species.
the plan was'nt ever to pay it back....
Scammers borrow money with the intention of never paying it back....on a small scale that is true and on this large scale it is no different.
Scammers borrow money with the intention of never paying it back....on a small scale that is true and on this large scale it is no different.
They borrow not thinking about repayment or thinking they will inflate the currency to repay. As a whole a nation can borrow and the children will need to reimburse which is illegal for a private citizen. Imagine if you could go to the bank, take a loan to buy a tv and ask the repayments to be maid by your unborn children.
the short reply would be .... Never...
they will just keep on printing money and Gov bonds, which will only increase such dept.
they will just keep on printing money and Gov bonds, which will only increase such dept.
You know that the debt is denominated in the very same USD that's being printed, right?
yes i do, and your point being...?
The point being that if I owe you USD, and I print USD, I can ask the guy running my printing presses to print up whatever it is I owe you & give it to you.
Debt paid, easy peasy
no that will only increase more debt long term... coz the money you print has no collateral ... youll get more money in circulation which will result in devaluation of the currency , which will unltimately increase the remaining debt
I do not owe gold or Japanese Yen, I owe the very same worthless paper that I print: teh Glorious USD.
Lrn 2 unit of account.
the short reply would be .... Never...
they will just keep on printing money and Gov bonds, which will only increase such dept.
they will just keep on printing money and Gov bonds, which will only increase such dept.
You know that the debt is denominated in the very same USD that's being printed, right?
yes i do, and your point being...?
The point being that if I owe you USD, and I print USD, I can ask the guy running my printing presses to print up whatever it is I owe you & give it to you.
Debt paid, easy peasy
no that will only increase more debt long term... coz the money you print has no collateral ... youll get more money in circulation which will result in devaluation of the currency , which will unltimately increase the remaining debt
It has collateral, but very low, i think its 1-2% in the USA now. Really funny a the Dod-frank act that they`ve pushed actually was intended to decrease the leverage banks used to prevent any new collapses, yet the reserve requirement was lowered to 1 or 2% i dont remember.
Funny, do what i say not what i do, what hypocrites are these politicians
the short reply would be .... Never...
they will just keep on printing money and Gov bonds, which will only increase such dept.
they will just keep on printing money and Gov bonds, which will only increase such dept.
You know that the debt is denominated in the very same USD that's being printed, right?
yes i do, and your point being...?
The point being that if I owe you USD, and I print USD, I can ask the guy running my printing presses to print up whatever it is I owe you & give it to you.
Debt paid, easy peasy
no that will only increase more debt long term... coz the money you print has no collateral ... youll get more money in circulation which will result in devaluation of the currency , which will unltimately increase the remaining debt
Educate yourself: http://en.wikipedia.org/wiki/List_of_countries_by_external_debt
The whole world is trying to scam the whole world
The whole world is trying to scam the whole world
the plan was'nt ever to pay it back....
Scammers borrow money with the intention of never paying it back....on a small scale that is true and on this large scale it is no different.
Scammers borrow money with the intention of never paying it back....on a small scale that is true and on this large scale it is no different.
the short reply would be .... Never...
they will just keep on printing money and Gov bonds, which will only increase such dept.
they will just keep on printing money and Gov bonds, which will only increase such dept.
You know that the debt is denominated in the very same USD that's being printed, right?
yes i do, and your point being...?
The point being that if I owe you USD, and I print USD, I can ask the guy running my printing presses to print up whatever it is I owe you & give it to you.
Debt paid, easy peasy
Debt paid but it will have dire consequences.
Oh? Then I guess I'll tell my guy to stop the presses
...The problem is inherit to the system...
I keep hearing about this impending doom, mainly from the lunatic fringe.
...
the short reply would be .... Never...
they will just keep on printing money and Gov bonds, which will only increase such dept.
they will just keep on printing money and Gov bonds, which will only increase such dept.
You know that the debt is denominated in the very same USD that's being printed, right?
yes i do, and your point being...?
The point being that if I owe you USD, and I print USD, I can ask the guy running my printing presses to print up whatever it is I owe you & give it to you.
Debt paid, easy peasy
Debt paid but it will have dire consequences.
What if bitcoin is a long term secret plan from the us government to destroy the debt? bitcoin gets mass adoption first then usd goes freefall, bye bye debt
No because it's open source, it has no backdoors, so why would the control maniacs give up the power above the currency?
It makes no sense.
Plus, the media propaganda always speaks badly about the Bitcoin, if it were a government false flag, then it would be cheered by wallstreeters and media propagandists.
I agree that this logic does not make sense because the government would give up control of their monetary policy and it would be difficulty to prevent bank runs in times of economic crisis.
It would be better for the government to have a strong Dollar while creating a lot of it.
You are right that right now governments in the West are looking to have a weak currency but I don't think it has the advantages they say it has.
What if bitcoin is a long term secret plan from the us government to destroy the debt? bitcoin gets mass adoption first then usd goes freefall, bye bye debt
No because it's open source, it has no backdoors, so why would the control maniacs give up the power above the currency?
It makes no sense.
Plus, the media propaganda always speaks badly about the Bitcoin, if it were a government false flag, then it would be cheered by wallstreeters and media propagandists.
I agree that this logic does not make sense because the government would give up control of their monetary policy and it would be difficulty to prevent bank runs in times of economic crisis.
It would be better for the government to have a strong Dollar while creating a lot of it.
the short reply would be .... Never...
they will just keep on printing money and Gov bonds, which will only increase such dept.
they will just keep on printing money and Gov bonds, which will only increase such dept.
You know that the debt is denominated in the very same USD that's being printed, right?
yes i do, and your point being...?
The point being that if I owe you USD, and I print USD, I can ask the guy running my printing presses to print up whatever it is I owe you & give it to you.
Debt paid, easy peasy
the short reply would be .... Never...
they will just keep on printing money and Gov bonds, which will only increase such dept.
they will just keep on printing money and Gov bonds, which will only increase such dept.
You know that the debt is denominated in the very same USD that's being printed, right?
yes i do, and your point being...?
LOL,I myself have a debt of 100k$,I don't think I am going to repay!
the short reply would be .... Never...
they will just keep on printing money and Gov bonds, which will only increase such dept.
they will just keep on printing money and Gov bonds, which will only increase such dept.
You know that the debt is denominated in the very same USD that's being printed, right?
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