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/biz/ - Business & Finance

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17397613 No.17397613 [Reply] [Original]

What do we do about this?
Anything?
Can we just ignore it?

>> No.17397627

>>17397613
Silver hits $1,000 an ounce when???

>> No.17397644

>>17397613
We prop the price of gold and silver to astronomical heights and then give a chunk of our reserves to china to pay off the debt. Tadah!!!

>> No.17397652

>>17397613
Print more money and inflation.

>> No.17397657

Its simple
We buy all the bitcoin

>> No.17397659

>>17397613
It's Americans owing Americans, so no one gives a shit.

>> No.17397686

>>17397613
>What do we do about this?
Increase it to 24 trillion.
Alternatively, ignoring it is a reasonable strategy. It will never need to be eliminated.

>>17397652
You could print more money without inflation. Automation is so deflationary that a lot of money needs to be printed just to stand still.

>> No.17397717
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17397717

the treasury could mint a 23 trillion dollar coin

>> No.17397734

>>17397613
I was just born into this, I didn't sign shit.

>> No.17397756

>>17397686
automation is just a productivity increase of capital. printing money even if it is direct UBI is ultimately just bailing out capitalists who have overextended automation to the point that it has started to diminish demand for their product. hiring a bunch of Ivy League MBAs to sit around a dimly lit room and figure out how much thinner they can make the towels each year without anyone noticing is also a form of productivity increase that mutes inflation.

>> No.17397785

>>17397734
Yes you did goy, you totally signed that social contract in your mothers womb

>> No.17397834

>>17397613
Yes we just ignore it. Caring about "national debt" or "trade deficit" or any of that gay shit is a complete waste of time.

>> No.17397922

In a fiat monetary system the national debt is just an artifact of the money supply. All money the government issues is debt. If the government started at zero, then there would always be debt as long as money exists and it would be impossible to pay it off without the government taxing every single dollar that exists. But the government balance sheet could have started at any arbitrary amount, so the national debt is just the commutative amount that the money supply has been expanded. Since productively usually improves over, the money supply can be increases slowly over time while maintaining a steady price of goods and services. So it makes sense that the debt would increase over time.

In the last few decades the debt has increases faster than GDP. The reason is foreign demand of USD is strong, so foreign investors have accumulated dollars, reducing the domestic money supply. So the government can spend more, increasing the money supply, without increasing the prices of goods and services that much. If foreign demand for the dollar would decrease (like it did in the 90s), then money would flow into the US increasing the domestic money supply, and the government would naturally produce a surplus like it did in the late 90s.

>> No.17398017

>>17397922
the only legit answer in this /thread. God I hate you faggots so much. This is a finance board after all.
This debt spans bank to the revolutionary war, few here understand why the gold was taken from its citizens in the '30s along with the ability to pay. As many have said though nothing will change, too few want to understand this system (even on here), hence why it won't change.

>> No.17398134

>>17397627
basically this. Go back to commodity backed fiat and let silver do the accounting for all the useless paper printing

>> No.17398189

>>17397613
Keep paying the interests for god’s chosen tribe. The debt never needs to be paid off only the interests

>> No.17398202

>>17397717
genius

>> No.17398212

Buy gold and silver.

>> No.17398242

the face value of long bonds decrease as interest rates rise. therefore the face value of the debt can be simply reduced by raising rates. as long as usd and usd digital assets are the highest liquidity and the military remains #1, there is a strong possibility that number becomes negative and the average american will have positive net worth in the future instead of negative net worth from bushbama disasters

>> No.17398248

>>17397652
Nigger tier move

>> No.17398253

Didn't trump and his viters make a huge fuss about muh debt during Obama? Why did they all just go radio silent on it?

>> No.17398260

>>17398253

Its almost like they are just fear mongering and saying whatever people want to hear to get elected.

>> No.17398272

>>17398253
>hurr durr muh debt
>hurr durrr muh metals
Why dont you people ever kill yourselves?

>> No.17398524
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17398524

This debt thing is just a meme no? Who do they even pay the interest to? They can also just print more money and pay the debt and keep doing that. It's not like numbers suddenly stop at $100 trillion or $100 quadrillion etc. Not an economics fag so dont really know that much, but it does seem like a meme mostly.

>> No.17398595

>>17398524

>they

You're paying the interest retard.