So what's the deal with American debt? Nobody actually believes this will ever be paid back, right?

So what's the deal with American debt? Nobody actually believes this will ever be paid back, right?

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No.
It will keep going forever.
It might as well be 100trillion.
It's all virtual...

Only idiots believe it, and it’s not just USA that has debt, but everycountry in the world whose currency is issued by a provate central bank, ie. all countries except North Korea, Cuba, and I think Syria, and Venezuela, but I’m not sure about these last two.

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This post
A bait

>This post

Made by an idiot

Debt doesn't matter for countries that can print their own fiat currency

the debt is what the whole system is bsed on
the debt keeps us working
could you imagine what kind of catastrophe would ensue if people en masse discovered hydroponics and started growing their own food?
and that basically all the information you'd ever need to survive without the government are gratuitously accesible?
good thing we have internet porn and GMOs and a monitoring device in our pocket tallying up our debt and keeping us informed of all the nice new apps we can buy
tl;dr smoke comes from a fire

Care to dump some useful resources?

youtube.com/watch?v=zT0Yp28WN18

Good old keynesianism

'In the long run we're all dead'

So obviously debt doesn't matter.

It's not one continent anymore we sawed it in half to avoid having to share a land mass with Uruguay.

Not history related talk about current finances and events there.

>what is division of labor

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TAS of Lesser Americans

Not really what I meant at all. E Michael Jones is a good thinker though so I might listen.

History and HUMANITIES

Oh you meant like survival info resources?
Fucking YouTube dude

>doesnt get it/10

okay, so first of all you can virtually ignore anything that is not debt held by foreign countries. Second of all a good bit of that debt is owed from one part of the government to another. Third of all, damn near all of this is good debt

There is no “debt” as a single block. There are debts - millions of them - and these are routinely paid off.

The United States has never failed to pay back its bonds in its entire history. You have fundamentally misunderstood what government debt is.

It never needs to be paid back. As long as America can make payments, they can hold on to the debt forever- national debt doesn't work like personal debt. Personal debts need to be repaid quickly, because people die. Investing in a nation on the other hand, which is expected to live much longer- means that those lenders are continuously making money off of those interest payments. If America spends the next 500 years making interest payments, it only benefits those lenders. Debt and debt payments also keep money flowing throughout different economies, which prevents stagnation. Debt has a very negative connotation and any news outlet will spin it likewise, but on a national scale its a very different concept and should be understood in that manner.

Bump

>Be bank
>Lend out money to a country that has a history of always paying off its interest.
>Furthermore, a country that is in no immediate existential threat.
>Never get paid back the principle.
>Because of this you keep getting payments on interest, indefinitely.
>End up making more money than you ever would if the country actually paid off the principle.
>So long as the country can pay off the interest, this can in theory go on indefinitely
Tah-dah, you now understand why banks are ok with never being fully paid back for the money they lend powerful nations.

So what's the deal with airplane food anyway?

Baby boomers want to maintain their standard of living but don't want to pay taxes, so we have a huge national debt.

It's probably not a big deal in the sense that the debt alone won't cause problems, but it could interact with other crises and worsen them.