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It's all a loan, whatever name you attach to it they have to borrow to print money. Reality check: US debt to GDP ratio is over 120% and the US doesn't have th
by JakeAl 4y ago
It's all a loan, whatever name you attach to it they have to borrow to print money.
Reality check: US debt to GDP ratio is over 120% and the US doesn't have the credit to borrow anymore. We're looking at hyperinflation and a long depression unless they stop printing money and we experience massive austerity/spending cuts. We are literally in an economic death spiral (that's what a debt to GDP ratio of > 120% means) and that death spiral will be irreversible by 2028 (with US insolvent by 2042) as that WAS the timeline for when all of our loan payments for all of that printed money/bailouts goes only to the interest on the loans and not the principal. Unless of course, they change all the rules and it's laws for thee but not for me and debt starts getting erased. And/or war, which is historically how they do it.
- noloblo 4y agoso either a banana republic or japan
- xmcqdpt2 4y agoInsolvent in the sense that they won't be able to pay the debt? That's not very likely given that the US controls the emission of its own currency, which is the currency the government bonds are denominated in.
- colechristensen 4y ago> US doesn't have the credit to borrow anymore This is a ridiculous statement. The market for US treasuries is perfectly healthy.
- deleted 4y ago[deleted]
- Dylan16807 4y agoWhen does the hyperinflation start? For more than half a year the inflation rate has been 4%.