>american goverment can outsmart basic high school exponential math
American goverment can outsmart basic high school exponential math
Jack Bailey
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Ayden Collins
20 trillion is too much. any number before that is ok, but not 20 trillion
Owen Rodriguez
That's not the whole picture though, debt-to-GDP must also be accounted for.
Isaac Fisher
This. Somebody has to step up now and produce this information. Or this board will forever remain a poor man's stock forum.
Joseph Russell
>keep borrowing infinite money
>somehow Chinese will be ok with it
It doesn't matter because China is making oil deals with OPEC to sell oil in gold/yuan.
Lucas Wilson
I have no idea what the fuck that even means.
>You can borrow infinite money from China because oil can be sold for gold.
>Selling oil for yuan allows the debt ceiling to go to infinity.
>The gold/yuan/oil price correlation makes debt much safer.
I cant even. What the fuck?
Andrew Richardson
My take on it is that the dollar will have to devalue down pretty dramatically relative to real assets and commodities. Don't be surprised when gas hits $10/gallon is what I'm saying.
James Brown
having higher debt is better though compared to other countries with low debt. Low debt countries are 3rd world countries like in southeast asia but they're still a shithole compared to us here. we have clean food, no crime, working trains thanks to debt. America can pay the debt anytime it wants to but we're too based to pay back to eurocucks.
Elijah Nelson
US monetary policy, particularly QE, leads to further devaluation of, not only the dollar, but the debt issued in US dollars. China is one of the largest holders of US debt, I think OP was implying China doesn't like debt owed to them being continually devalued. Commodities like oil require purchasing through US dollars (creating demand for the dollar). If China wants to abandon dealing with a continually devalued currency, they can do this through dealing with purchasing commodities through gold.
Jeremiah Lee