/biz/ - Business & Finance

>>10659068

Psht we don't owe shit bro, we have nukes and idiotic president thats willing to blow up anything in our path. Come collect this debt bitch see what happens.

I don’t even worry about my own debt.

>>10659100
I love Americans, their naivety is disarming sometimes.
What's missing in your reasoning is that most of the debt is owned by Americans themselves. So if the US decides to default their debt, your wealth is likely to be wiped out.
America is a giant ponzi.

>>10659128
>yet the ECB is not

>>10659068
>>10659100
>China tries to fund massive infrastructure project
>try cashing in on some american debt through completely legal terms
>US says no
>China takes legal argument to UN & IMF
>EU and others no longer have America's back because Trump is a shit head
>Rule in favor of China because there is no reason financially or legally not to
>US still refuses to pay
>America's credit rating goes immediately to F
>America can no longer pay budget deficit
>America can no longer fund anything
>dollar crashes and government fails almost immediately
I've already got my plan to run to a really remote part of Montana but even that has a lot of faults in it, might change it to Canada.

Fuck off commie
You lost

>>10659140
Germans are afraid of debt because of the hyperinflation crisis they had before Hitler took power. Because of that the ECB is very reasonable when printing euros.

>>10659158
reminder China is more capitalist than usa

>>10659148
youre such a delusional idiot
I know America makes you seeth, get fucked :)

>>10659158
based and redpilled my fellow kekistani XD

>>10659191
>youre such a delusional idiot

You're the one pretending that America can print as much money they want, forever, without any consequences? And he is the one being delusional?

Come one, open your fucking eyes.

>>10659180
>endless waves of shitskins coming for and getting their gibs
>they're going to be able to avoid mass printing of euros

lolno

>>10659126
This.
I wagecuck in a factory, despite my holding a science degree. The economy will crash, I'll clock out and nothing will change for me, because I'm another goybot born to suffer.
/thread

>>10659220
I can assure you that Germans would prefer to cut all the gibs rather than having a deficit > 3%.

>>10659252
They will just raise taxes to 90%.

>implying
Five more tranches of QE.
Inflate it all away.

>>10659148

>China tries to fund an infrastructure project
>but in a completely different way heretofore unused by the Chinese who can throw hundreds of billions at stuff

Your core thesis isnt working so good

>>10659068
Stop falling for the national debt meme.

>>10659068

I get paid just under 100k out of college, but that does include my benefits.

By the time this happens I'll be living on a island due to my LINK.

>>10659068
Germany.

How do none of you get this. The debt isnt real. It never was. The vast majority of it is owed to the federal reserve. The federal reserve is a printing press. What are they going to do, feed the bills in backwards and it turns back into paper?

When you default on a loan 2 things happen:

1. Your shit gets reposessed. They take your house, your car, whatever. But no one can repossess an entire country so this doesn't apply.

2. Your credit rating is destroyed. This means you cant get any more loans. But since america was getting its money from a printing press anyway, we can just keep printing money regardless of our credit rating. So this doesn't apply.

We dont have to repay it. This entire thing is a giant charade to make Mr. Shecklestien (who owns the federal reserve) more money. When the shit hits the fan we will throw shecklestien under the bus and print our own money.

>>10659623
And the USD will tank on all exchanges and be pulled in part as a reserve currency

>>10659100
>>10659128
Stupid fucks the debt is owed to the federal reserve. Every dollar printed increase the debt if that clock.

>>10659638
Why. Why would that ever happen. How does not paying the federal reserve effect anything at all on earth. Its completely unrelated.

>>10659652
Government debt
Business debt
Personal debt

Three different things people think is the same.

>>10659623
>But since america was getting its money from a printing press anyway, we can just keep printing money regardless of our credit rating.

Alright but what happens when there is so much dollars in circulation that it is worth nothing?
Hyperinflation is a real risk, it would send the middle class to poverty.

>>10659148
Why would any of the powerful world leaders want to collapse the house of cards that keeps our illusion of a prosperous life going? Everyone knows you don't rock the fucking boat because a collapse is good for absolutely no one

>>10659638
Reserve currency isn't about being the most valuable, it's about being the most liquid and the largest. There is no alternative to the US dollar, debt or no debt.

>>10659678
Once again that is an unrelated issue. Overprinting of money causes hyperinflation. Regular printing of money causes regular inflation. We are already printing regular amounts of money every year via the federal reserve. Just because we start printing it ourselves doesnt mean we will start printing trillions of times more money. We will print the exact same amount and inflation will still be 2%.

>>10659158
>>10659191
The only reason any of us are posting in this thread is because we are le super mad Trump won. All of us are only focused on politics and our own personal agendas surrounding them that we consider those actions unrelated to business and finance.

>>10659128
The US became a ponzi because social security became so enlarged it now pays everyone regardless at the end of their life. This has created a giant carrot for every person in the world to chase, inherently making dollars more valuable. thats how we've been able to print so much money and have it not inflate like crazy.

>>10659536
we had to bail out one of their major banks 2 months ago you stupid fuck.

>>10659623
>negative money has no consequence on a currency's value
there are drug dealers, crime lords, corrupted heads of state, and corporations all over the world with literal billions of dollars sitting in the bank because its their "reserve currency". They know that no matter what happens in the rest of the world they can run to California at some point and live in a beautiful house in a beautiful city on the ocean and never work a day in their life. that is true security. This has created an artificial inflation of the dollar's worth, which is why we've been able to print so much and go into so much debt, people want dollars no matter what because it can always buy you power and a nice life.

This is now changing, the dollar is now no longer universally accepted. if china stops accepting US debt, and Russia/Iran start dealing Oil on another currency, the USD loses its inherit power. so now all of these people try to cash out their dollars in the one place still accepting them

>THE US

at which point inflation kills every US citizen in one foul swoop. these drug dealers and companies will be buying up any real estate and houses for sale they can for upwards of millions of dollars per acre because they all of the money. They all have TOO MUCH of our money.

>>10659694
I'd suggest you read this : https://cfrd8-files.cfr.org/sites/default/files/pdf/2010/06/CGS_WorkingPaper10_CapitalFlows06-10.pdf

It explains why US debt is a danger.

>>10659100

Most of that debt is owed to private citizens and American businesses via bonds. As long as the US govt. can keep printing money and inflating the price while being the cornerstone of global economy and defense, the national debt will remain a meme just like it has for the past 85 fucking years.

>>10659652
>>10659660
The money we borrowed from the federal reserve is still in circulation you dense shit for brained retards. Something none of you seem to comprehend is

>NEGATIVE MONEY ONE PLACE = POSITIVE MONEY ANOTHER PLACE

we've been borrowing this money and handing it out like candy whenever we needed to in any situation.

>>10659679
Because they're sick of being america's bitch?

>>10659686
Reserve currency is about being the most liquid. we are no in a situation where our liquidity can be stopped by political means.

>>10659694
directly related, and you even say so yourself in the next fucking sentence you typed. Overprinting causes hyperinflation. you then try to claim this isn't what the federal reserve has been doing.

Another thing most of you are missing is this debt clock has always used the US Reported GDP.

US Reported GDP does not equal US Real GDP.

These numbers are actually better than it really is, and they don't look good in the first place.

>>10659068
In the EU running my own profitable business while owning 50k+ liquid crypto :)

>>10659755

Better to still live a first class life being America's bitch than to plunge the entire world economy into chaos. World leaders are the first against the wall when shit really hits the fan

>>10659760
I bet your business doesn't exist after an US debt implosion.

>>10659768
First class lives are extremely obtainable outside of the US if you're still the ruling class, especially now that most the world has caught up in terms of infrastructure for the rich.

>>10659068
Buy bitcoin

>>10659148

>EU no longer has America's back economically
>USA no longer has their back militarily
>EU raped by Russian cock within a year
>Chinese economy hits Great Depression levels without USA buying exports
>USA economy, freed from crushing debt, flash crashes and rebounds to golden run within 5 years as national debt is cut in half

Not going to happen anyway because if China tries to cash in American debt all at once, they take a loss because those bonds have not yet matured. The US govt. would be fools (not farfetched...) for not letting them.

>>10659210

As long as the USD is the reserve currency of the entire world, we have the kind of leverage. Still backed by the US Military, GDP, and Consumer Spending so it's not vaporware.

>>10659180
Germans aren't allowed to believe Hitler ever existed

>>10659148
>move to Canada
Fuck off round eye, we're full on white trash

>>10659823
you're right up until the 4th imply
>EU raped by Russian cock within a year
>Russia now makes trade deals for all of Europe with China at its back
>BRICS becomes more powerful than IMF
>South America follows Brazil and chooses Russia(EU)/China/Iran because US continuously toppled their regimes and fucked up their economies for 50 years
>China starts producing weapons instead of toys using their currency backed up by US debt
>Take over most of Asia
>US has to decide between going to war with entire world or agreeing to their trade deals knowing that 20% of their population is illegal and will go back to their home countries if they go to war with them

China could take the economic hit if it meant the US economy would stop functioning.

>>10659839
>consumer spending ends with inflation
>GDP numbers are faked because not actually producing anything and over reported afterwards anyways
>US military using easily hack-able software, outdated hardware, and anything useful and functioning is extremely resource demanding that essentially relies on international trade to be economically viable

>>10659068
in ETH and CNVT

>>10660089
Did you fall through a portal from 2014 or something? If so, when you go back can you send my past self some hot stock tips?

>>10659186
Win

In the eurasian ethnostate

The entire World is overloaded with debt. Western Europe, US, Japan, China, Australia etc. It's a disaster waiting to happen.

>>10659140
>>yet the ECB is not
O it is so's the imf. All fiat is ultimately a Ponzi
land, property, art, antiques, crypto, stocks, bonds, some precious metals, weapons, fine horses, fine livestock, forestry, rare books mining rights etc etc is where you count your wealth and a little crypto. Fiat you just exchange as quickly as it arrives and settle small bills. The thing is yes its not wealth (fiat) but it is also the way in which taxes get paid. So literally giving them shit back and keeping real wealth, in a few juristictions.

Fiat is headed straight to 0. It's not even hard to predict anymore. Countries think they can enforce bad monetary policy through authoritarianism but failed to take into account the people, and our shiny new individual defense technology, crypto.

>>10660627
>enforce bad monetary policy through authoritarianism but failed to take into account the people, and our shiny new individual defense technology, crypto.

>nationalizes ISP
>posts military guards at ISP
>make crypto illegal
>DNS whitelist only