the short reply would be .... Never...
they will just keep on printing money and Gov bonds, which will only increase such dept.
Topic: When will the USA pay their debts, if ever? - page 4. (Read 20967 times)
We're trillions in debt and it won't ever be paid off for the reason it's impossible. Only reduction of the rate we decay into debit is what is feasible.
When the dollar is no longer the world's reserve currency, the debt may have to be paid back.
We're trillions in debt and it won't ever be paid off for the reason it's impossible. Only reduction of the rate we decay into debit is what is feasible.
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.
Agreed. The US would prefer to have its cake and eat it too. Plus, the US can do a lot to debase the dollar without inventing competing currencies. And at ~4-5 billion market cap, btc just isn't big enough to make a meaningful impact to the dollar.
Even if Bitcoin had a 100 Billions market cap it wouldn't be a game changer for the Dollar
sadly this is true, but in the long term I am still hopeful for the future of BTC
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.
Agreed. The US would prefer to have its cake and eat it too. Plus, the US can do a lot to debase the dollar without inventing competing currencies. And at ~4-5 billion market cap, btc just isn't big enough to make a meaningful impact to the dollar.
Even if Bitcoin had a 100 Billions market cap it wouldn't be a game changer for the Dollar
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.
Agreed. The US would prefer to have its cake and eat it too. Plus, the US can do a lot to debase the dollar without inventing competing currencies. And at ~4-5 billion market cap, btc just isn't big enough to make a meaningful impact to the dollar.
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.
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.
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
This would be a one time gain.
The government would rather keep deflating its debt by printing more dollars perpetually.
Being the reserve currency and the international trade currency was a huge advantage for the US. It will switch for the Yuan, Gold or Bitcoin
It will switch to Yuan, i suppose, and then the Chinese will start to ban BTC, but due to this pressure more and more peoole will join BTC, because the gold can be confiscated too, thus BTC will win eventually.
Although it will be forever unofficial, as no government will claim it as their national currency ever, they are just too cowards to do that.
Chinese are buying a lot of Gold, both the central bank and households. In 10 years the international monetary landscape will be clearer
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
This would be a one time gain.
The government would rather keep deflating its debt by printing more dollars perpetually.
Being the reserve currency and the international trade currency was a huge advantage for the US. It will switch for the Yuan, Gold or Bitcoin
It will switch to Yuan, i suppose, and then the Chinese will start to ban BTC, but due to this pressure more and more peoole will join BTC, because the gold can be confiscated too, thus BTC will win eventually.
Although it will be forever unofficial, as no government will claim it as their national currency ever, they are just too cowards to do that.
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
This would be a one time gain.
The government would rather keep deflating its debt by printing more dollars perpetually.
Being the reserve currency and the international trade currency was a huge advantage for the US. It will switch for the Yuan, Gold or Bitcoin
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.
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
This would be a one time gain.
The government would rather keep deflating its debt by printing more dollars perpetually.
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
Or they can paid it with printing money
Thats not the government paying the debt, thats the consumer paying it, because the rising prices across the board affects mostly the consumer.
And the savers will lose a lot too.
What does that mean?
I mean if you freeze the price but you inflate the currency then the shopkeepers lose money and will go bankrupt or just close their business.
Same if you freeze wages but prices go up, nobody will work like a slave to earn pennies, they`d rather go out and barter, probably get into the agriculture, or worse.
savers will loose out - but borrowers will benefit - meaning it makes more sense to borrow and make more debt.
Or they can paid it with printing money
Thats not the government paying the debt, thats the consumer paying it, because the rising prices across the board affects mostly the consumer.
And the savers will lose a lot too.
What does that mean?
I mean if you freeze the price but you inflate the currency then the shopkeepers lose money and will go bankrupt or just close their business.
Same if you freeze wages but prices go up, nobody will work like a slave to earn pennies, they`d rather go out and barter, probably get into the agriculture, or worse.
Or they can paid it with printing money
Thats not the government paying the debt, thats the consumer paying it, because the rising prices across the board affects mostly the consumer.
And the savers will lose a lot too.
Never, most country never paid their debts
Or they can paid it with printing money
Or they can paid it with printing money
Or they can paid it with printing money
Thats not the government paying the debt, thats the consumer paying it, because the rising prices across the board affects mostly the consumer.
And the savers will lose a lot too.
Obviously, banking accounts freezed and seized, sever capital controls, border guards will not let anyone get out from the country with more than 10$ cash or goods worth that amount
, international transfers where money goes out also freezed, in some cases even the current acounts could be seized, of course with the exception of the government officials and bankers personal accounts, those will remain intact I`m just so glad that bitcoin exists, so if the price of bitcoin will stabilize, after that only an idiot would put money in a bank account
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