So, what is the end game with this never-ending U.S. public debt?

[Saltynuts]

They'll burn the dollar, that's the only way out.

It's time to relearn all the old lessons again, as happens every few generations.

So by burn the dollar eves, do you mean just print dollars left and right. That is what I would guess. But if they do that, won't it burn the U.S.'s ability to borrow in the future? And make the U.S. dollar not the world currency reserve? Seems like that could cause HUGE harm.

 

[Saltynuts]

see the USD-collapse worriers never see the difference.. Russia defaulted because they don't have the aircraft carriers and no longer have enough missiles to shove their currency down other countries' throat.

Of course the gold/silver/btc pushers know this, but the general public with the 100 IQ or lower cannot see the difference.

Theories aside, people also don't see real facts.

in 2008 the US created the whole crisis, but who end up eating most of the losses? The Chinese, the europeans etc... China is now in a debt crisis of its own, contained only by its non-free-flowing currency and hard working population. Europe still has not fully recovered. That is called shoveling something down others' throat.

In the past 100 years or so, look at the Gold performance in crisis' - 1929 flat, 1987 down, 2000 down, 2008 down.... whenever there is a flight to safety, where do the entire world run? the US Dollar - that is the true gold.

And again, if gold cannot save you from a crisis - and people are now putting their hope on some digital puff of thin air, created by a nameless faceless Satoshi, a puff of air that can only be obtained by Proof of (MEANINGLESS) Work, which is no different from digging a hole in the ground and filling it up.

People are so blind it's unreal.

I'm not sure I follow the whole aircraft carrier thing. We are using our aircraft carriers to make China buy our debt? I thought they were doing that on their own accord as otherwise the Yuan would appreciate, making the cost of their exports to the U.S. to rise, meaning they sell less? I've never heard the U.S. tell China to buy our currency or else it gets to see the U.S.S Nimitz on her horizon...

 

[hmcp]

In theory we are supposed to be the worlds only super power nation and a reserve currency

 

[dozu888]

I'm not sure I follow the whole aircraft carrier thing. We are using our aircraft carriers to make China buy our debt? I thought they were doing that on their own accord as otherwise the Yuan would appreciate, making the cost of their exports to the U.S. to rise, meaning they sell less? I've never heard the U.S. tell China to buy our currency or else it gets to see the U.S.S Nimitz on her horizon...

The carriers are only 1 of the many elements USA can apply influence/pressure on others. In China's specific example, it does not have enough internal consumption for it's productivity, which is why they have a huge surplus against the US.. on a side note Trump is trying to change this surplus, so we'll see.

In the meantime, they need to park the reserves, and the treasuries are still the safest destination.

 

[dozu888]

the us has more aircraft carriers then the rest of the world together but do you think being a bully or playing world police will be best in the end

Americans per capita consumes the most energy and other natural resources. The abundance of consumer goods and cheap prices are not seen anywhere else in the world.

So, most Americans will say it is the best.

 

[johnarb]

I love this thread. Just another bailout QE to fix any financial crisis, no problem. Meanwhile, 51 Million Americans cannot afford the basics.

Nearly 51 million households don't earn enough to afford a monthly budget that includes housing, food, child care, health care, transportation and a cell phone, according to a studyreleased Thursday by the United Way ALICE Project. That's 43% of households in the United States.

http://money.cnn.com/2018/05/17/news/economy/us-middle-class-basics-study/index.html

 

[dozu888]

In Milton Friedman's words, capitalism has brought more people out of poverty than any other system... also the poverty line in America is considered luxury living in many countries around the world.

transportation, cell phone, child care, health care - are these basics? according to who? debatable at least.

The lefty media keeps pushing these 'studies' that imply there is an inequality problem.

Inequality is a good thing, it is in the core of capitalism. Inequality is not the problem. Poverty is the problem, yet the left also pushes policies that promote poverty - 'green energy' and such.

 

[eves_banished_children]

I love this thread. ... Meanwhile, 51 Million Americans cannot afford the basics.

Newsflash ... this isn't poverty (or at least it isn't FINANCIAL poverty). It's just a &^%$wad sitting on a sidewalk.

THIS is poverty.

 

[ElectricSavant]

export oil

How and when is this going to end? Somehow the economy grows enough to support the debt? Or at some point creditors get the shaft, either to their face (only get some % of their principal), or behind they back by the government just printing $$$ left and right to pay back the debt with a currency that is now greatly inflated?

Its go to somewhere. Your thoughts?

 

[johnarb]

Impressive arguments here.

The US is the the greatest and most powerful country in the world, so if we have another financial crisis we'll threaten everyone. Yea, that's how free markets work.

When 51 Million US households cannot afford the basics, the answer is those are not really basics, ya know, they're made up by leftist media. Here's what poverty really is "insert 3rd world country situation". Yup, US went from being the greatest country in the world to being a 3rd world undeveloped nation.

I love this thread.