http://www.usdebtclock.org/
This is neat.
>>1226709
>debt FUD
Not buying it. American economy is weak, we need debt to drive growth. We should be spending assloads more on infrastructure and development instead of fucking around with weapons manufacturers and the TSA and shit.
>>1226733
inflating the currency only works as a temporary crutch. Eventually it will blow up and it will be quite the devastation.
Its like cleaning a car, you can clean it every year and get rid of the garbage, or you can let it build up over time until its falling out the windows and everything comes to a halt until its entirely cleaned out. We are at that point right now.
>>1226801
We only start running into problems if lenders decide we're no longer good for our money.
Think about the US like a business; growth companies routinely have debt caps that are several multiples larger than their balance sheet, and even blue chips are often sitting on significant levels of debt if they're going through redevelopment or structural reorganization. The US is no different; with that in mind, why are we concerned with the specific number of the debt? As long as our debt is reasonably supported by our basis financials, we should be able to keep our debt levels reasonable by either lowering the absolute value of the debt, or supporting and incentivizing raising the GDP, to lower our relative debt level.
Considering the biggest fuel of sustainable growth in the past 80 years has heavily involved government funded infrastructure projects, that's what I suggest we do to again fuel growth in our economy.
>>1226801
>Its like cleaning a car, you can clean it every year and get rid of the garbage, or you can let it build up over time until its falling out the windows and everything comes to a halt until its entirely cleaned out. We are at that point right now.
This is almost as retarded an analogy as comparing the US debt to balancing a checkbook.
It's like you truly believe that debt levels have limits and/or the best way to lower debt is to force the American public to lower consumption.
>>1226833
Ok screen cap this then for the 2017 crisis that is about to come
>>1227029
>>1227029
I'm not sure what you're getting at; there are numerous catalysts between now and 2017 that could cause a recession, but almost zero chance that we actually undertake any large-scale infrastructure investment like I'm suggesting, precisely because FUDlets have this inane notion that imposing a "debt ceiling" is something we should be doing to ourselves, rather than letting the debt market (which is specifically designed to stress-test and mitigate financial risk) determine how much we can borrow.
>>1227042
>I'm not sure what you're getting at; there are numerous catalysts between now and 2017 that could cause a recession,
more like a depression, shits going to be like the 1930s all over again but maybe even worse.
>>1227063
Maybe. I honestly don't know; I'm not inclined to believe it's going to be the next great depression, but who knows.
Bottom line, I think the government is going about these recovery activities the wrong way; they need to start forgiving student loans and/or easing the debt burden of millenials somehow, and they need to start large-scale New-Deal type investments in American infrastructure. Worry about balancing the budget once the American economy is in growth again, and let the middle class fuel investment; our economy works best when our government taxes the rich, funds middle class and domestic development, and takes advantage of struggling economies abroad.
>>1227094
A financial reset has to take place. History always repeats itself and we havent flushed out the garbage yet. Country needs to default on all debt and start over from scratch. You can only inflate your date for so long before it no longer has any effect on the economy.
>>1226833
>>1226828
The Socialism/Marxism they teach i Universities is paying off.
>>1227360
https://www.caseyresearch.com/articles/why-a-collapse-is-practically-unavoidable
>>1227360
Its time for a GLOBAL leadership change US admin over the last 25 yrs has socialised the country just a bit too much. USA is more communist in idealogy than China/Russia
Capitalism will always win in global economics.
>>1227368
Im a shitposter from OZ and we are the same socialism has become more important here than IN CHINA ffs
>>1226828
>Considering the biggest fuel of sustainable growth in the past 80 years has heavily involved government funded infrastructure projects, that's what I suggest we do to again fuel growth in our economy.
This is blatantly false
>>1226828
This is the correct way to think of the capitalist nation of USA. GFC really give the socialist a huge platform. In future capitalists should consider this when testing the boundaries of laissez-faire sometimes you might play into the enemies hands!!
>>1227437
Bitcuck cope.
>>1227659
Both of you*
>>1227360
Our issue right now is that we're attempting to drive growth through the investment class, and currently the government is offering financial incentives for investment firms to simply hold unnecessarily high cash balances in the form of excess reserves, see http://conversableeconomist.blogspot.com/2015/02/why-banks-hold-excess-reserves-nuts-and.html?m=1 and https://www.newyorkfed.org/medialibrary/media/research/staff_reports/sr380.pdf
The best way to increase velocity of money and thereby increase investment is to incentivize investment by offering government contracts while also offering rebates and undressing frogs income for the middle class who are much more prone to consumption than the wealthy or institutional investors.
>>1227364
China's debt to gdp is way higher than the US. Ours is just over 120%, theirs is over 240% or something. Using china's debt situation as a barometer, we can see that if we chose, our government would have plenty of space to spend afair amount more (within reason) without incurring crippling inflationary debt burdens. Plus, if we increased that debt by investing in tangible goods manufacturing and construction, it would be almost guaranteed to boost velocity of money, which recently hit its lowest levels in almost 6 decades of recorded history.
>>1227903
>undressing frogs
Increasing gross. Fucking auto correct
>>1226709
Jack that shit up. Monetary policy can only keep us afloat for so long. Fiscal policy has to play catch up and churn out some discretionary spending.
>There are people on this board who actually believe "printing money" causes inflation
Supply and demand. Look it up.
>>1227903
You're missing the point, Yeah increasing debt might work in the short term but it will come crashing down. its not an IF its just a WHEN. The long you hold off on letting the economy reset, the harder its going to hit everyone
>>1227903
>undressing frogs
>>1227042
Its the punches you don't see coming that knock you out anon
GOLD or PAPER what will be the future /biz/. That is the trillion dollar question.
>>1230159
Military power.
We allow the chinese to buy our castles, sports team, gold because we know that we can make them give it back pretty quickly.
>>1230159
Shouldn't you amerilanders be buying gold now??
>>1230161
thats really what this is about isn't it should we be waking up about now there is a proxy "war" right now and has been since at least mid 2000's??
PS just bordering on relevance to /biz/ I know. so I really want to know what Americans and Chinese think because thats really all that matter in this decision amirite???
Another thread in /pol/ just in case things get political.
>>>72940407
>>1230170
fuck how to link new thread in different chan or whatever(exposing my newbiness) >72940407
>>1230161
>because we know that we can make them give it back pretty quickly
dohohohohohohohohohohohohohohohohohohohoho
ahahahahahah
heheh
oh fuck it actually is getting into summer in america isn't it? fuck
