/biz/ - Business & Finance

Ive been asking myself that question for the last 3 years

The jewnited states borrows $2.5 million a minute - that's just the federal government.
>https://www.usdebtclock.org/
So lemme get this straight, the debt is going up 10x faster than the tax base. Then how the fuck could anybody think this is anything but a house of cards?
Zimbabwe also had a printing press look how that turned out. People should be running for the exits.

>>20987544
>So what's the endgame here?
Federal reserve notes being hugely debased

lmao we'll just not pay the debt we have the strongest conventional army and the largest nuclear arsenal and we've been cruising on that since the 50s and we ain't stopping now bimboy

>>20987612
I've got this theory right.
So fiat currencies rely on the tinkerbell effect, essentially that enough people believe something, then it's true. So you believe dollars have value, they do.
I reckon when a currency collapses it happens FAST, like a bank run. we're talking hours, days.
honey, you got a big storm coming.

>>20987544
The ''debt'' cannot be payed back, because it equals money.
Banks create money out of thin air by giving out loans. The more money exists, the more debt exists.

>>20987544

Debt doesn't exist if nobody can force you to pay it back.

>>20987544
sweaty monetary expansion is deflationary in white countries, the more money you print the more wyat people worry about they're future and the more they wageslave and save
all is fine the semitic tribal slavery system working at its finest

>>20987773
This

>>20987710

And it's the us citizens that pay the debt back.

>>20987643
i hear this shit all the time
>hurr we have big army just try and collect
so you're defaulting on obligations to your own citizens, retirees, investors
but no need to worry because your giant military will come save the day
what are you gonna do, shoot the bondholders?
most of them are already in the US (pic related)
this is an inflation crisis, numbnuts.

>>20987773
We all go to 0

>>20987544
"I'm not gonna fight you. I'm gonna die." - Dick Kickem

>>20987695
I used to read a blog called FOFOA that talked strictly about what will happen to the US$ and what comes after it. The premise on that blog was that the EUR would be the favorite currency but it would lose it's store of value function.

>>20987773
congratulations, america, you finally cracked it
you can continue printing dollars forever, loan it to yourself, never pay it back, and nothing will go wrong
it's like magic

>>20987904
peter schiff is the guy to listen to on the US dollar collapse

>>20987544
you dont have to if you have nuclear weapons

>>20987612

As long as the US Dollar is the Reserve currency of the world there is adequate demand in the world economy to offset the printing of our dollar.

However that fucking idiot Trump has passed off all of our allies and this COVID-19 shit made us look incompetent. We've also been printing money for years but lately its been absolutely ridiculous.

The US also leverages the access to USD as a policing tool against the world. If a country can't buy USD they can't participate in international commerce or buy oil. (See France / Iran circa 2017)

So while everyone thinks muh nationalism and muh trump fuck other countries, if they decide to stop using the dollar as the reserve currency, we are so beyond fucked. You better be holding Real Estate, Bitcoin, Precious Metals or Foreign currencies because the US DOLLAR would be fucked

you guys know the dollar isnt real and its not like there is a vault full of them right?

>>20987964
when the US still manages to go bankrupt despite its nuclear stockpile, our enemies will be certain to kill every last one of us and burn our cities to the ground for our crimes

>>20987544
two possible answers:
a) Americans don't do shit until it's an obvious problem for them personally - but I suspect it is
b) there are those that want to ruin the US. Period. It used to be Republicans that at least paid lip-service to financial responsibility, but you'll notice nobody even tapped the fucking breaks earlier this year with the lockdown stimulus. Elephants lined up with donkeys to just throw money at the problem, and now they're talking about throwing even more at it.

>>20988032

>Print dollars(data, not physical)
>Loan dollars to banks for interest
>Banks loan to citizens for interest
>Printed dollars now earn interest
>Repeat for 107 years

usdebtclock.org
we're nearly at exactly 26 trillion, lads. maybe 15 minutes away.

>>20987984
>if they decide
you mean when they decide

>>20988032
so they can just type it into a computer, i feel much better

>>20987935
Peter Schiff is alright. FOFOA has been a lot more accurate though.

>>20988100
no wait i'm a retard, i meant nearly $26.6tn exactly
numbers are too big, this shit's confusing

>>20987935
The USA can, the German Mark was not a world reserve currency unlike the dollar.
If the dollar fails, the world economy fails.

>>20988224
>If the dollar fails, the world economy fails.
Wrong. If the dollar fails then the price of gold will get raised to a point that it restarts the economy and the rest of the world will just use bilateral swap deals and free float their currencies along with gold.

>>20988224
>If the dollar fails, the world economy fails.
i'm picturing a giant factory in china grinding to a halt
"shut her down boys, without US dollars we can't go on"

>>20987544
>he doesn’t know
https://m.youtube.com/watch?v=7nFbKzt-uwE

>>20987643
>bimboy
I’m gonna start using that

>>20988298
You fucking retard we are never going back to gold standard.
>>20988931
>"shut her down boys, without US dollars we can't go on"
That’s how it works, yes

I have a little over $30k. Should I use it buy my parents solar? I just want to see it get used while it still has value.

>>20989618
Never said we were going to a gold standard, dipshit. Currencies and gold will be allowed to freefloat. Learn what that means before you comment, clown.

>>20987935
>peter schiff
>jew

The jew has no interest in helping the goyim, why should I trust what he has to say.