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More proof that a nuclear nation can do whatever the hell it wants until the money runs out.
by 1970-01-01 10mo ago
More proof that a nuclear nation can do whatever the hell it wants until the money runs out.
- testing22321 10mo agoIf negative 38 TRILLION dollars is not “run out”, what is?
- ceejayoz 10mo agoPeople being unwilling to loan you more. Which, at present, seems quite a ways off still.
- testing22321 10mo agoHold that thought.
- ceejayoz 10mo agoHow long? I remember folks freaking out about $5T when I was in middle school.
- testing22321 10mo agoI reckon the coming war, no elections and then civil war ought to get it done. Three years, tops. Watching the two new ICE shootings, could be next week though.
- 1970-01-01 10mo agoIt happens in levels as the credit rating defaults
- observationist 10mo agoUS net worth, including government and private wealth, composed of financial and other assets, comes to around $200 trillion USD, including the $38T in debt. Total governmental assets come to around $25T. $38T in debt is bad, but that doesn't represent net worth.
- onemoresoop 10mo agoLet's not forget that all that net worth is not liquid and pumped up with hot air.
- dylan604 10mo agoIsn't that what happened to Russia? Didn't slow them down
- lenkite 10mo agoMore proof that a nation with "world reserve currency status" can do whatever the hell it wants until the world decides to move to other currencies. Alas, such nation is using violence (abduction+piracy+war), threats and coercion to ensure that never happens.