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/biz/ - Business & Finance

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9791554 No.9791554 [Reply] [Original]

How would it affect the world and global economy?

>> No.9791564

>>9791554
you won't be affected if you buy 0xBTC

>> No.9791589

>>9791554
Short answer:
Probably nothing.
Long answer:
Maybe something, but probably not.

>> No.9791599

>>9791554
all it will do it speed up the transition of 0xBTC becoming global world currency

>> No.9791651

>>9791554
Go bankrupt, start at 0. Don't have to pay interest payments anymore, fuck over China. Win-Win.

>> No.9791676

Yes it would affect the global economy but I doubt the US will default on it's debt.

We'll just keep printing money and everything will inflate. In 30 years, a pack of gum will cost $10

>> No.9791694

>>9791554
they will print more money secretly

>> No.9792526
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9792526

The US debt is kind of bullshit, it's this overlooming atomic bomb of economic destruction but it won't be dropped all at once, they will just print their way out of it and hyperinflate the dollar over a long period of time to keep the ponzi scheme going. There will never be a time where the US debt gets paid off in full since that would mean hyperinflation of the dollar and economic collapse.

We are the ones paying for it. Not just Americans, basically everyone in the world is forced to shoulder some of the burden due to every other currency being pegged to it in some way or another, especially oil.

>> No.9792600

>>9791694
money is debt you moron

>> No.9792682

>>9791676

Wouldn't that just cause the US to become Venezuela? Where our money is worthless and countries probably own us?

>> No.9792691

>>9792682
uh no dumbass, the inflation is controlled

>> No.9793135

>>9792691
we are far behind on inflation right now. we inflated the money supply 8x since 2008 but inflation is only up about 30%

when the velocity of money spending increases, the inflation will rocket up

>> No.9793172

>>9791651
This is one of the few ways i can see world war 3 starting. When US just says lol fuck you china were not paying. The ching chongs will be displeased.

>> No.9793290

>>9791651
>>9793172

Lmao. First of all, China only holds around 5% of total US debt. And only 30% of all US debt is held by foreigners. Actually a big chunk of the debt is not really debt, its just bonds in the social security / medicare trust funds, the rest is held by americans themselves.

Second, the US already doesn't really have to pay any debt because it can just print more money to pay interest. There is literally no point to default on its debt when it can just print more money.

>> No.9793332

>>9793290
Yeah except print more money then hyper inflation you dumb uninformed faggot.

>> No.9793345

>>9791564
this

>> No.9793365

>>9791554
It's just numbers in a computer senpai. There is no "too large" scenario.

Thanks Jews.

>> No.9793369
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9793369

The real question is: Will President Trump bail out the banks?

>> No.9793399

>>9793290
>There is literally no point to default on its debt when it can just print more money
What did he mean by this...

>> No.9793411

>>9793332

Hyperinflation would be far more likely if the government defaulted on its debt and all bond holders tried to dump their bonds at the same time.

Printing money just leads to constant high inflation, not necessarily "hyperinflation". IMO I think real inflation is much, much higher than what the government estimates it to be, because they under estimate productivity gains due to technological investment.

Productivity per worker has been growing steadily for decades, but real wages haven't. People live about the same quality of life now, but technology is much more advanced. That is the burden of the debt.

>> No.9793416

>>9791554
Present day events

>> No.9793429

>>9793399

All I mean is that the downsides to printing money, inflation, are far less than defaulting, which would probably be an immediate global economic collapse.

>> No.9793447

>>9793399
Basically he's saying that the US debt is like a huge credit card bill. And we, as a country, somehow have the right to produce "free" money (by printing more dollars).
What he's saying is that instead of defaulting on our credit card bill and declaring bankruptcy, which would ruin our credit (the reputation of the US Dollar), we will just continue making the minimum payment son the bill by printing more money and causing a little bit of inflation.

All were doing is making the minimum payment on our loan, and the loan is out running us

>> No.9793466

>>9792682
Nah we have the best government and economic minds to control that.

>> No.9793621

Chinks getting rich from the US allows them to travel the world, buying it, and then everyone exposed to the ching chong Chinese wake up to the fact they're barely human. I'm not sure what will happen there but it's fueling nationalism.