>Explain to me how this bullshit works.
>>75152566
It's simple economics son, I don't understand any of it.
>>75152566
we're fucked aren't we
>>75152566
A pyramid scheme where a parasitic generation in the 60s didn't abide by their responsibility of breeding and hogged all the capital.
no one will actually say it, but nobody understands economics. if it were understandable, at some point in history someone would have had a stable and predictable currency. the fact that one or two morons on wall street or tokyo or london can panic and everybody else proceeds to panic is proof that it's all a big fucking joke.
the usa has done a decent job since the great depression, so everyone tolerates whatever we do.
>>75152566
The horizontal axis measures time, and the vertical axis measures US national debt as a function of time
>>75152786
No it's still less than our GDP
>>75152566
biggest military force in the world and no morals allows you to pull any shit you could possibly imagine
hahahh how is debt real nigga just print more money nigga
>>75152844
>no one will actually say it, but nobody understands economics.
Those who begin to understand it, abuse it to their advantage for as long as they can until it crashes down.
>>75152566
>>Explain to me how this bullshit works.
Live the high life and let your Grand-kids pay your debts.
>>75152786
You have a big army, you can have all the debt you want.
>>75152867
Its more
>>75152867
So you could pay it back if the government seized 100% of all private profits for a full year
>>75152566
It's magic where you point a gun on whoever disagrees with it.
>>75152939
No no, it's not about beginning to understand it. It's about convincing others you understand it.
>>75152566
Le inflation and economy growth will make it all aproximately 0 over 1000 years so we can borrow as much as we want!
Dumbest meme ever.
>>75152566
It's rare to see a fellow time traveler. How goes your journey?
Do any of the candidates have some sort of plan to cut spending and introduce some kind of tax plan to get this shit paid off?
>>75152566
its not about producing or having some values anymore, its all emptytalks-o-nomic.
>>75152566
What if you burned all your moneys till you have like 5 dollars left, then pay like 3.50 for the debt because money is worth alot more now and after you payed off all the debt you make the monies again?
>>75153044
apparently this orange guy said something about trade deals
I wonder...
I love how this shows how various generation think
>>75152973
gdp is based on revenues not profits, and you can slowly repay it back by just having a budget surplus
>>75152844
The thing is that economics is like politics in that it has various forms based mostly on ideology and theory. Which is why when you hear autism like over 100 economists support Sanders policies. I wonder what sort of economics theory they go by because it sure as fuck isn't the most sound one
Budget deficits, deficit spending and colossal debt fueled by living beyond means.
>>75153212
it doesn't take into account the fact value of dollar changed
US debt was 113% of their GDP after WW2
>>75152566
kike magic designed to put every one in debt slavery.
Chipping, permanent negative interest rates and universal income soon to come.
>>75152566
That's a very open ended question.
What do you not understand?
>Debt
>Real
pick one
I mean cmon ... Its just a meaningless number that doesnt mean anything lmfao
>>75152566
Alexander Hamilton being the badass slum nigga that he was had all banks nationalized, then two pole smoking faggots called Andrew Jackson and Aaron Burr along with my British counterparts used British-space Jew magic 80 years later all their banks are private, hopefully these dumb yanks don't nationalize the federal reserve then my Jewish space magic will be useless.
if you notice the years in which the debt was amassed. you would see that most of the debt was amassed during republican presidential terms.
>>75153510
>t. I am Greek
>>75152566
Its a goverment addicted to money,
created a monster economy on stimulus
Im going to enjoy seeing it all fall this year from my comfy chair
Debt is just another way to finance, bros.
>>75153510
>How can debt be real is money isn't real
You are right, the only real thing here is how much of a moron you are
>>75152566
it's simple, we print the money and of course the fed is never going to be audited for that very reason
>>75152566
Usury and interest
>>75153608
Nigger the national debt gone from <10 trillion to 19> trillion under Obama.
Literally never happened before.
>>75153510
> what are monthly interest payments
>>75154038
>this
explain how the debt is nothing to the police and the court.
>>75152566
It doesn't, nobody has a fucking clue what is going on and anybody that says they do is either lying or delusional. Buy gold.
>>75153880
how the fuck are you supposed to pay for two wars during the bush term, Jamal?
>>75153044
No.
Clinton and Trump each have "don't rock the boat, leave it basically like it is now" plans and Bernie's is just "Know what's cooler than a $20 trillion debt? A $100 TRILLION DEBT"
>>75154038
Who is the printing press?
You know we are just going to make minimum payments until inflation saves us right?
Why isnt debt paid off? The only reason i see is that each man in power wants to set a mark on history and paying off debt isnt what looks cool...
>>75154291
By printing more money. The point is that you are a fucking retard that said something that was false.
is that graph adjusted for inflation?
>>75153329
this desu
>>75154291
Or the 3 wars under Obama?
Not sure if you're memeing, but Obama has actually started more wars than bush did
>>75152566
Isn't this about the US Treasury issuing government bonds to the Federal Reserve, in order to have more money to stimulate the economy or buy out toxic securities from banks?
>>75154454
Because nobody can physically pay the debt.
There has to be deficit spending just to maintain the current system.
>>75154454
>>75154271
Because they can still pay for it. Seriously, this is nothing tragic.
As I said US debt was 113% of their GDP in 1945. Now it's 76%.
Dollar value has changed.
Problem with Americans is that Americans are retarded. Seriously.
Their welfare programs are incredibly inefficient because they are a product of butchering by various interest groups.
Their military spending (some 20% of government spending including veteran benefits) could be easily reduced but they love (read: lobbies) wasting billions on it.
Alternative way is government-owned military industry.
Anyway, when Americans tell you ''at least we don't have socialism'', Americans are dumb retards, because they do have socialism, only it's terrible.
>>75153212
>mfw netherlands thinks US debt is high
>>75154745
Yes, but if that stimulus doesn't actually produce real economic growth, which it isn't doing, then there is still a problem. The only question is whether you pay the debt back with taxes or with inflation.
>>75154705
>Or the 3 wars under Obama?
>Not sure if you're memeing, but Obama has actually started more wars than bush did
But.. but... but,,, The Europeans gave him the Nobel PEACE prize... how can this be...
How could the Europeans give the Nobel Peace prize to a man who has kept his nation at war throughout his ENTIRE presidency?
>>75154872
I still don't understand how we were able to lower our debt last year
>>75153263
Yes, but saying debt is not an issue until it hits 100% of gdp is just an arbitrary point
>>75152566
http://www.nationaldebtclocks.org/debtclock/china
‘Massive Bailout’ Needed in China, Banking Analyst Chu Says
http://www.bloomberg.com/news/articles/2016-05-23/-massive-bailout-needed-in-debt-saddled-china-analyst-chu-says
>>75154845
But you can't finance the government with debt indefinitely. Either the economy has to grow, taxes have to be raised, spending has to be cut, the government has to default or the currency has to hyper inflate. You can't magic money out of nothing.
>>75154996
deficit is more important that total debt. if you have a surplus and a big debt you are slowly repaying the debt so its going to get lower eventually, USA has constant deficit which make the debt bigger and bigger
>>75153136
this is literally the opposite of your last plan, I love it.
>>75155013
http://www.nationaldebtclocks.org/debtclock/spain
>Debt as % of GDP 99.05%
We're getting closer.
>>75154322
Bernies actual plan : Raise taxes taxes to our necks. Spend it on new hospitals bridges highways, communist housing projects and SUPA TRAINS. Need more money to pay for upkeep on all this new shit. Raise taxes to eyeballs. Deficit doesnt go up and neither does debt. But it doesnt get any smaller. When asked by reporter about dept starts muttering about capitalism under his breath until everyone leaves.
Hillary + Trumps plan : We cant spend because this crazy debt lmao! We cant cut anything because these crazy voters Lmao! Ok ok ok how about ......... another war? I mean tax cuts! A NEW WAR AND TAX CUTS! GOD BLESS THIS COUNTRY!
as bad as OP's chart looks, here's another way to look at it. however, not everyone agrees that debt vs. GDP is the best measure of economic health.
the point is, that the us is by far not the worst offender, and in the same ballpark as many other nations.
it's all a charade, anyway, as I stated earlier.
>>75155122
But we aren't a so-called superpower.
>>75153329
Yes, a better chart would be debt in relation to debt over time.
>>75154872
Our debt to GDP is actually 68%
>>75152623
http://nationalinterest.org/feature/china-will-probably-implode-16088
>>75152566
Jews
>>75152566
Compared to the 80s, the debt in contrast to GDP has risen by over 70%.
'
US GOING DOWN THE SHITTER
>>75152566
we put a nigger in the whitehouse thinking it would be a good idea
>>75155271
and your neighbor belgium is at 106. would you say that their economic health is tremendously worse than yours, or somewhat similar?
>>75155075
Americans have advantage here because, well, they're superpower and dollar.
>>75155161
I noticed none of your candidates ever offer real fucking detailed plans about what to do with government spending.
How exactly to reform SS, Medicare and military spending. It's all few sentences and powerful slogans.
http://www.straitstimes.com/business/economy/top-china-paper-warns-of-crisis-brewing-over-debt
>>75152566
So is national debt actually means something or not? Like, who the fuck can demand something from USA? Let alone force it to pay?
>>75155387
They can't even build roads
It's all the fault of the walloons
We are swampjews and so are the Flemish people
Their economy could be good if they split off
>>75155075
Or all things remain the same and we have the same effective dept 100 years from now with more 0s at the end.
The only reason why you think it cant be in dept indefinitely is because you are trying to apply personal finance to a non human.
Government can be in dept from now til doomsday. As long as the creditors think they will keep making payments. Its not like the government is going to die before it finishes paying.
We just print more money, and other countries hold trillions in dollars in their banks as reserve currency. That's why no major inflation. As long as we pay the interest it keeps working, but eventually we won't be able to afford that.
It's the hot potato game. And baby boomers won.
>>75152566
the US debt doesnt mean anything per se
yes you have debts, but who is going to make the US pay them back?
the people holding the debt can just wait until they will get paid by the US gov and if not, what are they gonna do, sue the US?
the US will and can not ever default, you really think china will just demand that money and if they wont get it invade and seize assets? no
the only thing the US debt might do is hurt your image and maybe your credit score, but even then i doubt that would ever happen
>>75152844
>no one will actually say it, but nobody understands economics.
Scariest shit Ive read ever
>>75154454
because it literally is a zero sum game.
there is only a finite amount of stuff, and therefore only a finite amount of money to represent that stuff.
The idea of Fiat Currency is to cheat the system, because the base of a fiat currency is confidence, and confidence is unlimited, as it is a human property of mind.
The fundamental problem of Economics is limited resources and unlimited wants, modern economics tries to solve this by paying wants for wants.
It doesn't work.
For someone to make profit, someone else has to be making a loss. If the goverment makes a profit the rest of the economy makes a loss, as the government is siphoning money from the economy without reinvesting it.
>>75155387
Oh
Also we are the only mainland Euro country that produces gas
That helps
>>75155412
>military spending
>being reduced
You could get shot for saying that in america. Every year the military asks for LESS money and MORE flexibility with what it can spend it on. Every year we tell them no.
Voters love military spending. Lobbyists love military spending on their bullshit planes. Politicians love lobbyist money and love votes.
Its in the constitution or something.
>>75155651
>For someone to make profit, someone else has to be making a loss.
milton friedmann is spinning in his grave
>>75155214
That list only shows liabilities, not assets. Singapore, for example, is a creditor country, actually.
Actually this vid tells it all
https://www.youtube.com/watch?v=mII9NZ8MMVM
>>75155503
This is wrong on so many levels. Adding zeros to the end is hyperinflation and it destroys economies. I didn't say it couldn't be in debt indefinitely, I said it couldn't keep spending by issuing new debt.
>>75152786
Its actually more
>16.77 trillion dollar GDP
>19 trillion dollar debt
This is unsettling
>>75155492
The problem is actually much more complex. US debt bonds are the main reserve asset for banks, foreign reserves to other nations and collateral for the derivatives markets. If the foreign support for US bonds and dollars stops, the debt and dollars will fall pretty hard.
>>75155858
I want to fuck your women
In a mass debt situation is it good to hold on to dollars? Or will they become worthless.
>>75155613
Many countries have defaulted on their debt and nobody asked them to pay back, but the moment people doubted their intentions to pay back their economies simply plummeted.
You don't need to invade something, when private investors run from your country, you will suffer without a single bullet being shot.
>>75152566
The dollar isn't backed by anything. Need more money? Call Shlomo at the Fed and tell him to fire up the printers.
>>75152566
>America
>Haha (Insert country), you guys are so cucked ROFL xP
>Ignorant to own demise
>>75155651
>finite amount of stuff
>limited resources
>you be a basic bitch nigga cant even high technology yo punk ass
>>75152566
I think 1975 was were everyone got rid of their gold backed currency and started using the fiat jew money.
>>75156017
It might be worth something in 2100
>>75156112
It's backed by US government which never defaulted on it's debt.
>>75155761
Yeah it's pretty retarded situation.
>>75153880
National debt tripled under Reagan and doubled under Bush II. Most of the debt has been accrued from cost wars in Iraq and Afghanistan, and tax reduction under Bush II. For the most part Obama had nothing to do with most the current national debt and US budgets have gone down under Obama.
>>75152566
We were better off as Keynsians
>>75156465
Keynes is God.
>>75156298
Of course we never defaulted. We can't run out of money. Just print more!
>>75155860
That is not hyperinflation that is just inflation.
Stop being alarmist. Pic related is the difference between the two.
And yes you can just keep borrowing more money. As long a debt service remains lower than tax income you can still borrow more money.
>>75156298
>It's backed by US government which never defaulted on it's debt.
Yet.
>>75152566
I thought a degree of debt is healthy anyway? It's a symptom of investments which are necessary for economic growth. And the absolutely value like that is only going to get higher over time with GDP and inflation.
>>75152566
A country that is about to implode.
>>75156465
>>75156513
>>75156751
It never will. The people who are owed money would never allow it. They would lend the US more money to prevent it from happening.
Because all their debt becomes worthless if the us defaults. They are stuck in this retard box with the rest of us.
There is nothing wrong with debt per se.
What matters is debt management.
>inb4 memes
>>75152566
Dollars are debt instruments. The government borrows money, and the federal reserve can then print a dollar which represents a part of that debt.
In other words... without there being a debt of some source, the Fed could not print the dollar.
Now here's where it gets all fucked up...
When the economy expands, there is need for more dollars. As scarcity (and history) has shown us, when there are too few dollars in circulation, you get out of control inflation.
So... given the problem of an expanding economy and population, which generates the needs for more currency in circulation, what is the solution?
Well, under our current system, the only solution is to generate more debt, which gives the Fed the authorization to print more dollars to put into the economy.
So the debt curve you are showing is not only a sign of congress pissing away money on a bunch of shit, but also a sign of the growth of the economy.
Is it fucked up? Yes, but it's the only way it can be done under our current system.
Of course it would be far worse if we were still on the gold standard, but that's a different conversation.
>>75156743
>As long a debt service remains lower than tax income you can still borrow more money.
And if you keep borrowing more money, then debt repayments become greater then tax income.
We'll see who is right when China dumps their $3tn of reserves to keep their financial system liquid when they have a crisis.
>>75152844
lets see now what kind of things have kept up the ever increasing debt. remember its the jews that give the loan
>money disappear just like that from reserves. the money gets burned, printed again elsewhere to not leave tracks, systematically stealing your money and you having no idea where it ends, not allowing inflation to happen as the result of burned cash
>war to seize production elsewhere over the seas, using propaganda to not show what is actually going on, this includes all the shit shows to keep people distracted. also demasculine people, which is what makes person more than just a drone for the goverment to use as they please
>strengthening the value of dollar by connection it to valuable things just as oil and work in general
>create markets to manipulate the world, hide as much of assets as possible to influence the markets
its always matter of do people want to trade in dollars. if everyone refused, even the people inside usa to accept dollars anymore, the value would fall because nobody would want it anymore
>>75156983
>>75156916
>>75154961
That's how you know the nobel peace prize is shit
>>75155761
>on their bullshit planes.
Even "le antiwar anti corporate welfare barnie panders" has been a staunch defender of the F35
>>75156924
But that's just throwing good money after bad, it can't keep going forever. Massive amounts of US debt is held by foreign governments, you think they are going to keep financing your unsustainable spending?
>>75154872
>Australia
>31% government debt
god damn it, we were at 0% debt with stored surplus funds 10 years ago.
FUCKING LABOR PARTY REEEEEEEEEEEE
>>75155013
>>75155330
>>75155459
[Jewish laughter in the distance]
>>75152623
John Stossel ~ Debt Default? So What?
https://www.youtube.com/watch?v=J7I8luFfh4k
>>75152939
shhhh!!!!
>>75156017
Own stuff. Productive stuff. They can print money all they want, if you have the stuff, you can get the value of the stuff you produce in that money.
>>75157405
you are stupid
>>75157436
look at 4:19
>>75152623
>>75152566
Promissory notes issued by a central bank to the government.
Most of that you can ignore in the graph as its debt owed to itself and can be written off.
It's foreign debt or debt to other central banks that poses problems, take for example EU members that have no central bank of their own and are pegged to the currency of the Euro.
Then you got problems because your debt is being written out by someone else that may not be as relaxed as your own central bankers are.
>>75152797
Sweetheart, Fractional Reserve Banking has been going on and on for a very very long time, way before the 60's. How the fuck do you think the Crusades were financed?
Edward I had the right idea, expel all the money lenders/kill them and write off the debt. He did this in order to fund his Crusade.
;^)
>>75157571
nice proxy
>>75157011
pay debts.
>>75157049
Europe has a third system which will bypass triffins dillema. It's called a demurrage currency.
>>75152566
>>75152623
>>75152844
It's not so difficult, here's your cheat sheet anon.
>>75152566
It's the federal reserve and social programs. The government outgrew it's ability to support the social programs they promised their libcuck voter base so they started borrowing from the banks with an attitude of "we'll deal with it later." well it's later now.
>>75152566
It's a feature of our currency. Total debt must always increase, else the M2 money supply decreases and destroys the ability to service the interest on that debt. If the private sector won't take on enough debt, the government will. The US Dollar is one giant Ponzi scheme.
Pic related is a proxy for total debt in the US, public and private. That little dip right around the time Lehman Bros went kaput unleashed the AIG bailout, ZIRP, TARP, QE1, QE2, Operation Twist and QE3 just to keep the system afloat.
>>75157808
Your Federal Reserve can write off most of the debt in exchange for political favours and law bending.
And your government will do that to service the debt/interest burden.
>mfw Bernanke has probably raped and murdered hundreds of goy children and the US government haven't taken him to court because of denpts.
lel
>>75157571
Rare flag get
Simple, it doesn't.
>>75157326
Why wouldn't they? Every time they do they get more money. This is econ bruv. You keep chasing that highest possible return until it blows up in your face and not a moment before. Then you cry about how you never saw it coming.
>>75157078
A crisis bad enough to cause that would sink the US with it. The debt would be the least of our problems.
>>75152844
I talked to a few econ profs about this in university. Guys with their PhD's in economics, and they basically tell you exactly that. The economy is just too unpredictable and complex to ever fully understand everything that is going on. Maybe in another few decades some computer will understand it, but for now, nope.
>>75157143
>>75158116
War would be an option.
>>75158001
It can only write off so much of that debt before it breaks the system. The Fed gets its revenues from that debt. It uses it to finance it's operations, to pay a 6% dividend to its shareholders, to pay interest on excess reserves, etc... The rest gets remitted back to the US Treasury.
>>75158116
So we agree that on the current trend, the US is going to collapse? I think that was my original point
>>75158238
Only if we had an alternative means of securing all of that oil that we import, or were willing to say "Fuck it, let's nuke the fuck out of the world!"
>>75158252
It can write off quite a large portion and reduce your debt burden to allow your industry to be invested in more, to allow more returns via tax going to pay back the current debts you have.
This is the smart move because investors/creditors seek to reclaim as much as possible back, even when the bad investment is bad, they'll take the family silver away from you in order to recoup as much as possible.
We've seen it before numerous times, they don't really care about making huge losses, this is a myth, they care about reclaiming as much back as is possible at the current time.
If that fails they will then continue to issue promissory notes and peg it to future incomes of your children, your childrens homes/predicted mortgage interest returns.
ETC ETC ETC ETC. We've seen it currently with the ECB going after Cypriot accounts and Greek accounts, they made a loss but they froze assets of every citizen, criminal or not and took XX% from their accounts, they froze the accounts to prevent a bank run.
You can expect that from your Fed if they get desperate because they have the power to do that.
>>75157751
Of course they could always go with the solution used in one of the books in the "Hitchhikers Guide to the Galaxy Series".
They voted to make leaves their unit of currency; then voted to burn down the forests in order to prevent inflation.
>>75158423
You can already secure it with your current assets, your military complex.
You just need the balls to actually do it, but really you need to annex new lands and expand, like the ECB is doing, it has no choice but to expand to claim new lands, new people, new resources to continue to issue promissory notes to their predicted incomes, house values, futures etc etc etc.
It is a ponzi scheme but it's one that's lasted a very long time.
>>75158610
Uh... yeah, I guess.
>>75158261
Sure. Empires eventually fall. But it wont be the dept that does it. If anything, the dept will keep us on life support as other countries try to keep us alive long enough to cash out.
>>75158526
To add, they don't care about making huge losses because the people will pick up the tab as the people have no choice but to pick up the tab.
Because this debt is being issued to your government, who is elected by the people to serve the people and that money they borrow, even if it's being spent on teaching Africans how to make mud pies, it's money that is being issued under the guise of being given to you by your state.
So you pick up the tab, your children pick up the tab, your great great grandchildren pick up the tab.
Or, you do what Edward Longshanks did. You kill the creditors and refuse to pay back anything and start again.
>>75158853
That debt shifts to the new empires, empires are created on debt.
>>75158853
Fair enough, the debt is just a symptom of the fact that the entire Western world is consuming far more than it has any hope of ever paying for
>>75152566
in the Iguatemi mall froim Porto Algre there's a wifi spot that is being used to access proxy serves created by scammers from Brazil. It's a PHPRoxy that was installed on my mother's notebook. I suspect Reweb employeees are related with this cyber crime. I already reportyed to the authorities, because I can't kill the responsibles (Luan and Gabriel, owners of the Boy Love pedophilia tor hidden service)
>>75158526
If they do a bail-in here, it's game over. It will be ripping the mask off to show what is underneath. That's a bad idea when you have the world reserve currency. Of course, they may feel that they have no choice, but that's another story.
>>75158769
The military runs on oil derived products. It will be difficult to run the military when the oil goes away before we can figure out how to be a real empire instead of the half assed pseudo empire that we are right now. We could literally lose 50% of the oil that we consume in a period of days or weeks. The military will be unusable under those circumstances.
>>75152844
I have both a BA and an MA in econ..
Most of the time they have us doing math problems, but during outlet theory classes.. They best way it was explained to me, is that it's a giant bowl of ping pong balls.. Each representing a variable that all economists speak about: inflation, interests rates, employment, etc etc... Modern econ talks about these variables as if we can manipulate them WITHOUT moving the other balls in some predictable pattern, however IT IS NOT POSSIBLE..
Personally, I believe it's the one field where there is an unbelievable amount of knowledge left on the table...
>>75159247
And this belongs on /g/.
>>75159096
Thats only because paying for things is a meme. The only difference between our current system and communist utopia is we are giving our unlimited government unicorn cash to private organizations. Because thats freedom. And doing the exact same thing but spending it on houses is 1984.
>>75152867
No, it's more. That's why it's DEBT.
>>75152566
It's very easy.
USA takes their loans in their own currency, that's why USA can never default (remember what Trump said and idiots laughed, it's actually true
>>75152932
what are you a fucking four year old?
>>75159326
>If they do a bail-in here, it's game over. It will be ripping the mask off to show what is underneath. That's a bad idea when you have the world reserve currency. Of course, they may feel that they have no choice, but that's another story.
How will you stop them? Will that push you Americans to burn the banks down? I hope so because it's what's needed, I hate the system of Fractional Reserve Banking, just like Andrew Jackson and Franklin did.
>>75159326
>The military runs on oil derived products. It will be difficult to run the military when the oil goes away before we can figure out how to be a real empire instead of the half assed pseudo empire that we are right now. We could literally lose 50% of the oil that we consume in a period of days or weeks. The military will be unusable under those circumstances.
You already have the infrastructure in place via fracking to sustain your military for enough time to recoup more, you have protectorates that are indebted to you, remember that, you call on them to service your debt by giving you reduce priced oil.
Buying time.
I must say though, I find it and I would think an American would find it quite insulting to have two staunchly anti Central bankers placed on central bank issued promissory notes.
Don't you think that's a bit of a spit in the face to their memories?
Jews really do have a sick sense of humour.
>>75157143
kekd hard
>>75157640
>Edward I had the right idea, expel all the money lenders/kill them and write off the debt. He did this in order to fund his Crusade.
yeah but they put a curse on his bitch ass, look what happened
>>75159347
Hopefully we get some computers powerful enough to model all the balls at once. And computers smart enough to label the rest of them we dont understand. And then we accept ai overlords?
BTW do you have a job?
>>75159968
No it didn't.
He was very successful, sure his Crusade didn't go well but have you heard the story about a Muslim trying to assassinate him with a poison blade? Then his wife sucked the poison from the wound?
He had very successful campaigns in Scotland and Wales.
Or are you just getting your info from Braveheart?
>>75159662
>How will you stop them?
We might burn the banks, we might not. I'm all for getting rid of them, but we don't always get what we want. The loss of faith in the dollar on the international scene, however, would destroy the banks when those dollars held abroad come flooding back.
As for the infrastructure, it's not enough. 50% of our oil means that the rest of our economy goes away. We are so incredibly dependent on oil that it would kill us. I doubt that we would last even a month before it was chaos with people starving in the streets. It would kill agriculture, for starters. And the petrochemical industry. And it would stop people from driving to work. Plentiful oil is required for almost every facet of our lives here.
Not to mention that a lot of that fracked oil is a bit light on its diesel component, which is necessary for shipping. Fracking is also expensive like fuck with a low EROEI. We would actually need to redesign our infrastructure to handle this, and we are not doing that.
Basically, we're fucked, m8, because as Bush I put it, "The American way of life is non negotiable," yet nature does not negotiate.
>>75160142
yeah oops, i was actually thinking of philip iv
>>75160360
Then you scale down your overseas interests, starting with military bases in non important regions like Israel and consolidate your military complex by concentrating it in strategic areas.
Your central bank has loaned money to other nations, they are indebted to you, you can seize what you like from them. If they tell you to fuck off, that's where you start deploying and seizing.
You can continually "buy time" and the Central bank will be ordering your government to do it in this way in order to recoup losses, remember they don't care about how much they've lost, they care about getting back as much as possible to sustain itself.
>The loss of faith in the dollar on the international scene, however, would destroy the banks when those dollars held abroad come flooding back.
This would be good, but it's not going to happen unfortunately, not yet anyway. But if you keep raising your debt ceiling then it will speed up the process of losing faith in the $. It shows other banks and other nations you cannot be trusted to honour your debts.
But you don't need to worry about that for a few years time.
America can be self sustainable with oil or so I've read? You have a lot of oil, it's why the Saudi's are fucking you over currently by saturating the market with oil to drive down the value and harm you, this has backfired on them thankfully because they base their economy on the price of oil, like Canada, Scotland and Russia does.
>We would actually need to redesign our infrastructure to handle this, and we are not doing that.
You would be forced to, it will happen slowly, you would cut wastefulness first, like paying Egypt money to be friends with Israel and again concentrate money on important things.
America wastes a lot currently, but bankers are smart, they'll be issuing orders to your government on how to recoup losses.
I hope it all burns though!
>>75157143
>>75158152
>>75156916
>>75156983
>>75160515
That's fine, Longshanks was a hero!
>>75160941
>America can be self sustainable with oil or so I've read? You have a lot of oil
Last I checked, we consume somewhere around 19 million bbls/day, and we produce 9 or 10 million bbls/day, and the recent increase in production is based on wells that cost $5-$10 million to drill, frack, etc... and have a 50%-70% first year depletion rate. It's expensive oil that requires continual drilling just to keep production flat, and our economy cannot afford to run off of it. We need sweet, light crude that requires minimal resources to get out of the ground. That's not what we are developing, but that's what our infrastructure and economy are built around.
>>75152566
It is simple, as you print more money to pay off debt, that money becomes worth less, until eventually, you have to print off so much money to deal with the same amount of debt, that there is an exponential devaluation of the currency.
>>75161027
saved
>>75152566
The financial markets are completly apart from house prices are completly disconnected from our daily lives and that's by design. You shouldn't worry too much if you have a good job right now and put some money aside for emergencies.
>>75155492
Eh?
So you really think the US can just say no to its debtors?
lol
>>75152566
denbts means nothing if the denbts collector can't apply force, it would hurt the chinks more as their main source of trade partners are close allies to the burgers
>>75153306
Most of the time people use the "but economic theory!" argument when saying that fucking over the poor will somehow lead to a more prosperous economy, or firms simply hoarding cash instead of investing it is somehow good.
>>75152932
That's pretty much how you're supposed to do it if you're the government. Greece is fucked because they reached a point where their debts are too high and can't fix it anymore because they are bound to the european central bank.
>>75155613
>but who is going to make the US pay them back?
Who is posting shit like this on /pol/?
You do understand that value of a currency is based on trust? You do understand that if dollar goes down, the US economy is fucked and trade stops immediately? Don't you?
>hurr durr the US can just reject the claims of its debtors
>>75159653
It's a meme you newfag
>>75154872
>tfw germany isn't cucked as much as the rest
>tries to cuck itself
>>75152566
doesnt matter
no one has the balls to collect
>>75162176
thats not how it works. USA already pays their debts, they never missed any payment of their debts. When they do start missing payments there is going to be a panic around the world and people will start selling their bonds and taking their money out of the system. No one has to force anything , everything will just start falling apart by itself if you don't pay the debts
>>75162493
>elementary school level economics
Good luck with getting imports after defaulting.
>>75152566
The size of the debt alone means fuck all. The economy itself is much larger than it was fifty years ago, so the fact that the debt is also larger is ultimately meaningless. This is a much more interesting graph.
That big spike at the beginning is the debt burden from WW2. We successfully paid that down.
The slow reversal around 1980 is about when Republicans caught tax cut fever.
The mostly-but-not-quite flat period from ~1990 onwards is basically political stalemate. Both parties exchange small compromises back and forth.
The period around 2008 where it skyrockets upwards is the '08 global recession. Global recessions fucking suck.
The period from ~2011 onward is the beginning of the Great Nope. We go back to exchanging (even less) small compromises back and forth. The debt burden trickles upwards steadily more due to general economic weakness than anything else.
And that is the story of our debt in a nutshell. We are still within manageable levels, but we really need to either A) break the "tax cut mania" fever that has struck modern conservatism, or B) get our economy running at full capacity again. If we don't do one of those things, we'll be Japan in, what, half a century? So not exactly urgent, but a concern.
I am generally speaking not fond of calls to balance the books by cutting social programs. Social programs aren't what got us into this mess, Reaganomics and overleveraged banks are. Besides, we just objectively are not creating enough jobs to employ everyone - taking them off the government teat won't get those people to find jobs that don't exist, it will just turn them into petty criminals, and then we'll have to pay to arrest them, prosecute them, and imprison them. Also riots. Riots are expensive. It's just more expensive in the long run, and in reality it's just a conservative front for moar tax cuts that would ruin any progress we made on the debt anyway.
Hopefully Trump will inject some sanity into the Republican party.
>>75162393
Most don't understand the importance of good standing when it comes to trade.Just like they don't understand that there is another system building that is neither backed by gold or debt.
>>75159648
It's true that they can never default if they wanted, but the consequences of defaulting and devaluing your currency to that point are quite similar.
>>75163225
The reason why trying to avoid all threads relating to economy.
>>75152566
>Trump only amassed $3 Trillion in 4 years
FUCK YEAH
>>75152955
Pretty much.
>>75163572
Right. Every now and then I get to show random anons a little different perspective though.
>>75152623
>>75163721
yeah USA can just start selling their huge army to pay the debts
>>75162793
But taxes are theft anon.
And dead-weight loss is bad.
>>75152566
Well its quite simple, the federal reserve (which is owned by israel) prints american dollars then sells it to america for 12% interest and our government is fine with this massive pile of debt that grows from 12% interest, and the last president who tried to stop the fed reserve recieved a bullet in his skull, his name was John F. Kennedy
>>75152786
Ofcourse, it says in the bible america would be sucked dry by other countries
