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/biz/ - Business & Finance


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16533926 No.16533926 [Reply] [Original]

Alright my fellow burgers and international members of /biz/ hear me out:
Ok so we all know burgerland is deep in debt right now at about $23 trillion and climbing. So what if we paid $1 billion per day on this in addition to the interest (about $600 billion a year right now) until its paid off in full. At nearly a quarter of the $4 trillion dollar annual budget (assuming no change to the budget), could it be done in the average burger lifetime?
Rules: clown world mode where politics is not an issue.

>> No.16534008

>>16533926

debt is not an issue, the fiat system is based on debt, thats why it is going to collapse.

Nobody is going to pay the debt off, you burgers are going to have more debt more debt more debt and more debt, there is no stopping it.

>> No.16534013

How can a country be in debt anyways lol I mean like to whom even

>> No.16534180

Why doesn't the us government just betray the fed and kill them and take the gold?

>> No.16534291

>>16533926
I Don't want the gov't to pay off debt. I want them to borrow as much as they can from everybody, spend it on gold, infrastructure and space, and then cancel all the debt, eliminate the federal reserve, issue a gold standard, give a giant middle finger to the world, and seal the borders.

>> No.16534302

>wanting to pay off the debt
Why?

>> No.16534311

>>16534013
The US is in debt to its own citizens mostly. Treasuries and bonds that it sells to raise money for ventures.

>> No.16534314

>>16534180
>He thinks there's gold
dude.

>> No.16534331

>>16534008
>debt is not an issue, the fiat system is based on debt, thats why it is going to collapse.
It's not going to collapse, and you've just explained why!

>>16534013
People
Banks
Corporations
Other governments

>>16534180
The sensible thing would be to nationalize the Fed. Every other country has ether nationalized its central bank or kept it in the public sector from the time it was created.

>> No.16534339
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16534339

>>16534302
Also this. There is no reason to pay off the debt. The US isnt like your own personal household budget. The US is backed by the US economy, dollar, and military and thus isnt in any risk of being "forclosed on." Factor that with how low interest rates are on the debt it would be stupid for the US not to borrow if they continue having 2-3% GDP growth while rates are at 1% or lower. The debt is just a political issue that both sides use to rile up their bases.

>> No.16534344

>>16534291
Basically this.
The national debt is only bad when it goes towards buying bad things that don't reduce costs in the future.
Just like the housing crash, the government can spend its way out of catastrophe, and can even do it without inflation.
It's just too bad they are spending it on bankers and Monopoly firms instead of spending on going to Mars or things that improve quality of life for the citizens.

>> No.16534390

>>16534291
Why do you want to bankrupt the USA?

>> No.16534534

>>16533926
I'm telling you with 100% certainty the U.S. debt is not an issue to the U.S. because among other reasons they are playing on a timeline way larger than you think. More specifically, they have decades of special projects worth in some cases quadrillions (or more) of dollars lined up, funded, and ready to go once the geopolitical and domestic cultural issues are appropriate for them. They are borrowing against those projects in the mean time. These projects could be started basically tomorrow if they wanted. They aren't starting them though while Mohammad the Dumb Ass, Slack Jaw Joe, or Feminist Francine can potentially fuck things up. The goal is not having to kill 90% of you or locking before we start them, but because of the value of these projects we can borrow indefinitely because once they're underway they'll eclipse the entire global GDP itself several magnitudes over.

>> No.16535152

It's unstoppable at this point

>> No.16535167

>>16534534
this is complete bullshit. we have no plan at all lol. where do you come up with this shit.

>> No.16535178

>>16533926
>$23 trillion
define the dollar

>> No.16535183

"Debt" is imaginary. If shit hits the fan, US will simply go to war with some commie shithole like Canada, and have them pay us reparations.

>> No.16535195

>>16533926

Paying off debt is deflationary. Why would we pay off debt?

>> No.16535265
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16535265

This is how stupid you MMT faggots are :^)

>> No.16535413

>>16534302
>>16534291
>>16534331
>>16534339
>>16534344

You guys are going to be looking real stupid in those bread lines.

>> No.16535515

>>16533926
I'll let you in on a secret, the US is actually not in debt, it is the richest country on earth and every other country owes the US money.

the Federal Reserve is a private corporation and the Fiat is not a currency. the United States is the only country on earth without a currency of its own.

Donald trump is making the Fed look stupid right now and pointing out their horeshit. his plan is to kill the FED by returning us to a Gold standard.
the US Treasury will issue a Rainbow currency using precious metals and Crypto. The new financial system is called the QFE( Quantum financial system) Quantum meaning it will be using a quantum computer that is in a satellite orbiting earth tracking every single dollar and every single transaction.

Nesara / Gasara will be activated after the khazarian banks are taken down and the global Deepstate cabal lose power and are arrested. All world Debt will be cancelled, all oil companies / pharmaceutical companies will be bought.

Many patents that are hidden from us for example anti-gravity, Free energy and sonic healing technologies will be released.

Every American citizen over the age of 21 will receive $100,000 a month for 11 years
The earth will be forever be different when the new Financial system goes live.

>> No.16535539

>ITT Financially illiterate retards who think a countries debt is the same as their normie credit card debt or car loan

its not even remotely close to the same thing. the US's "debt" is more like leverage.

>> No.16535582

>>16535178
Thats just it though, there is no definition anymore. It used to be defined by a fixed weight in silver, but once the gold window was closed and it went totally fiat, dollar (US dollar anyway) lost any and all definition.

>> No.16535585

>>16533926

We arent paying anything back, fuck China, nuke the fuckers, debt zeroed out. E Z P Z

>> No.16535607
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16535607

>>16535539
You are the financially illiterate one and actually believe this crap.

the US went bankrupt in the 1930's and defaulted.

as a result A new policy went into effect essentially enslaving the entire american population. from that year forward every american citizen was given a birth certificate which is used as bond slavery, the US government borrows money on your birth certificate, each person born belongs to the government and is used as collateral. this is why wage cucking is designed to keep you in a dead end job for years.
You are chattel and chattel are tracked and have no rights.
Your bond is worth billions.

>> No.16535646

>>16535607

THIS

>> No.16535655

>>16533926
US debt is only 108% of GDP. Japan is at 236% of GDP and they're still kicking. Stop larping like you know anything about finance

>> No.16535671

>>16535607
pretty weird then that you can give it all up, renounce citizenship and bail anytime you want.

>> No.16535681
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16535681

>>16535607
nonsense.
you are a slave because you negotiate value in a unit that is antithetical to a good unit of value
No one can force you to measure value in fiat

>> No.16535687

>>16535671
being a citizen is better than being stateless. there are people who have no citizenship and they are miserable.

>> No.16535697

>>16534534
Well this sure sounds plausible!

>> No.16535712

debt is only meaningful in relation to assets. what are the US assets? pretty much incalculable. just a portion of Alaska alone is worth as much as the entire national debt. so who gives a shit about the debt?

the real problem (for the average man) is wages not keeping up with real inflation. find a way out of the inflation trap yourself, because the government isn't going to help you. buying real assets (property, gold, bitcoin) is the only way for us.

>> No.16535717

>>16535655
they are kicking because the the banks can't have them fail as it would have repercussions worldwide, if one country is failing they'll just print money and if they are doing to well they inflate their currency.

Most of the US GDP is going to pay off our debt that we use to borrow us dollars rather than go to infrastructure, medicare and such.

>> No.16535720

>>16535671

the illusion of freedom and choice
really, the majority of americans are too dumb to understand anything

>> No.16535729

come and take it faggots

>> No.16535744

>>16534013

Bond holders and foreign governments.

Dude if the us government stops paying the bonds or foreign governments call on our debt, we are really fucked. Like the collapse of America.

>> No.16535803

The receivers of the United States Bankruptcy are the International Bankers, via the United Nations, the World Bank and the International Monetary Fund. All United States Offices, Officials, and Departments are now operating within a De facto status in name only under Emergency War Powers. With the Constitutional Republican form of Government now dissolved, the receivers of the Bankruptcy have adopted a new form of government for the United States. This new form of government is known as a Democracy, being an established Socialist/Communist order under a new governor for America. This act was instituted and established by transferring and/or placing the Office of the Secretary of Treasury to that of the Governor of the International Monetary Fund.
https://newlemurians.wordpress.com/2016/09/05/the-stock-market-birth-certificate-bond/

>> No.16535848

The banksters have been stealing our wealth and transferring it to countries like china, where did they get their explosive sudden wealth from?

>> No.16535924

>>16535515
>>16535607
Cringe and schizopilled.

>> No.16535937

>>16535924
only schizo here is you

>> No.16536097

>>16535803
>link to schizo wordpress blog as usual
yeah no thanks boomer

>> No.16536125

>>16534534
>More specifically, they have decades of special projects worth in some cases quadrillions (or more) of dollars lined up, funded, and ready to go once the geopolitical and domestic cultural issues are appropriate for them.

And what field could these projects be in? What problems are they solving?

Chainlink is solving a quadrillion dollar question and they're not getting it done in a single night.

>> No.16536153

>>16534291
>we should buy a bunch of shiny rocks and then beg everyone to kill us

good idea dipshit, how do we get you elected

>> No.16536222

>>16533926
We can't spare $365B/year plus interest. If we could, we wouldn't be in debt to begin with.

>> No.16536333

>>16534339
Peter schiff says the federal reserve is derelict in their duty by not raising interest rates so as to allow the government to borrow indefinitely.

>> No.16536349

>>16535607
This. We are human livestock or "goyim"

>> No.16536367
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16536367

>>16534291
This is what Hitler did.

>>16536153
>good idea dipshit, how do we get you elected.
This but unironically

>> No.16536384
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16536384

>>16535515
Based cant wait