The economy of USA - National debt (Calling all GFY-experts!) - GoFuckYourself.com

Emil · 01-07-2011, 03:50 AM

I dont know shit about how the these systems work but clearly there's
something wrong when the national debt is growing as fast as the US national debt, right?

According to Wikipedia USA have the biggest national debt in the world.
http://en.wikipedia.org/wiki/List_of...ount_balanc e

Wont the dollar become worthless if the just keep printing more and more money?
For how long can the US debt keep growing before something happens?

And what will happen when the shit hits the fan?

http://www.usdebtclock.org/

Dodododa · 01-07-2011, 04:16 AM

It is all under control. Printing money causes inflation. Inflation reduces the value of the debt (the debt is in dollars, so devaluing the dollar is a legitimate strategy). The dollar can be devalued a great deal more before it will be time to panic. Look at Japan, it takes millions of Yen to buy a standard car.

grumpy · 01-07-2011, 04:28 AM

it will fall, you cant borrow money to pay debts, debts will automatically grow as a result.

Its simple, i borrow 10 with interest i have to pay 11, i can pay the 11 so i borrow the 11, no i have to pay 12 to the new lender. and so on and so on.

theking · 01-07-2011, 04:30 AM

In our past history...percentage wise...the debt to GDP has been worse...but yes something needs to be done about the growth and soon.

Emil · 01-07-2011, 04:34 AM

Quote:

Originally Posted by Dodododa

Look at Japan, it takes millions of Yen to buy a standard car.

If we look at http://en.wikipedia.org/wiki/List_of...ount_balanc e
Japan is #2 with PLUS $131.2 billion USD.
USA is #181 with MINUS $380.1 billion USD.

Can we really compare them that easy?

Dodododa · 01-07-2011, 04:47 AM

Quote:

Originally Posted by grumpy

it will fall, you cant borrow money to pay debts, debts will automatically grow as a result.

Its simple, i borrow 10 with interest i have to pay 11, i can pay the 11 so i borrow the 11, no i have to pay 12 to the new lender. and so on and so on.

You can when you are the one who invents and controls the money. The Fed is a private entity which is global in nature. They can manipulate the money to keep the USA on top, if they so wish.

grumpy · 01-07-2011, 04:53 AM

Quote:

Originally Posted by Dodododa

You can when you are the one who invents and controls the money. The Fed is a private entity which is global in nature. They can manipulate the money to keep the USA on top, if they so wish.

way of, money still has to be counted for.

Sid70 · 01-07-2011, 05:21 AM

It's already near the bottom line of its buying power here in Europe.

TheDoc · 01-07-2011, 05:30 AM

They could just wipe the debt... anytime they wanted.

One of many ways.... The amount of interest alone we as Americans pay for every dollar in our pocket, every dollar given out in a loan, corps, etc.. if they did a credit of that interest over the last 80 years would pay the debt back, without breaking a sweat.

Dodododa · 01-07-2011, 06:16 AM

Quote:

Originally Posted by grumpy

way of, money still has to be counted for.

The currency units have to be counted for. The value of the units can be modified in secret. Which is why "Audit the Fed" will never pass.

14 trillion will be quite manageable when the average wage is a million a month. It's all relative dear Watson.

pornguy · 01-07-2011, 06:23 AM

Every single politician running the country needs to be booted out.

IllTestYourGirls · 01-07-2011, 06:29 AM

The real debt is 111+ Trillion. Which is over twice the amount of all the money in the world.

Dodododa · 01-07-2011, 07:23 AM

Quote:

Originally Posted by IllTestYourGirls

The real debt is 111+ Trillion. Which is over twice the amount of all the money in the world.

Money is created when a bank makes a loan (if all debts were paid, there would be no money). So the money supply is expanding all the time.

The subject of "money" is incredibly complicated. Some people look at the numbers and freak out because in their own experience of money, the numbers just don't make sense.

Rest assured, the bankers have a plan and know what they're doing. Though I do worry sometimes that their plan might be to sail us all up the river and buy up all the world's assets for themselves.

Paul Markham · 01-07-2011, 07:35 AM

You keep borrowing until the rest of the world owns the US.

Just keep hoping no one pulls the plug.

IllTestYourGirls · 01-07-2011, 07:43 AM

Quote:

Originally Posted by Dodododa

Money is created when a bank makes a loan (if all debts were paid, there would be no money). So the money supply is expanding all the time.

The subject of "money" is incredibly complicated. Some people look at the numbers and freak out because in their own experience of money, the numbers just don't make sense.

Rest assured, the bankers have a plan and know what they're doing. Though I do worry sometimes that their plan might be to sail us all up the river and buy up all the world's assets for themselves.

Their plan is to inflate aka steal real wealth from those who save.

Dodododa · 01-07-2011, 06:56 PM

Quote:

Originally Posted by IllTestYourGirls

Their plan is to inflate aka steal real wealth from those who save.

That's a definite possibility. The old ruling families probably have massive stockpiles of gold, so when currencies go into hyperinflation they can sweep in and buy everything.

DateDoc · 01-07-2011, 07:07 PM

Quote:

Originally Posted by Paul Markham

You keep borrowing until the rest of the world owns the US.

Just keep hoping no one pulls the plug.

So many other countries own and buy dollars that for the currency to fail is unrealistic as they would lose a shitload of money too.

01-07-2011, 04:28 AM	#3
grumpy Too lazy to set a custom title Join Date: Jan 2002 Location: Holland Posts: 9,870	it will fall, you cant borrow money to pay debts, debts will automatically grow as a result. Its simple, i borrow 10 with interest i have to pay 11, i can pay the 11 so i borrow the 11, no i have to pay 12 to the new lender. and so on and so on. __________________ Don't let greediness blur your vision \| You gotta let some shit slide icq - 441-456-888

01-07-2011, 04:30 AM	#4
theking Nice Kitty Industry Role: Join Date: Sep 2002 Location: The good old USA!!! Posts: 21,053	In our past history...percentage wise...the debt to GDP has been worse...but yes something needs to be done about the growth and soon. __________________ When you're running down my country hoss...you're walking on the fighting side of me! FOR THE LYING LOWLIFE POSTING AS PATHFINDER...https://gfy.com/fucking-around-and-pr...athfinder.html

01-07-2011, 05:21 AM	#8
Sid70 Downshifter Industry Role: Join Date: Dec 2002 Location: Road trip Posts: 16,413	It's already near the bottom line of its buying power here in Europe. __________________ Русня, идите нахуй!

01-07-2011, 05:30 AM	#9
TheDoc Too lazy to set a custom title Industry Role: Join Date: Jul 2001 Location: Currently Incognito Posts: 13,827	They could just wipe the debt... anytime they wanted. One of many ways.... The amount of interest alone we as Americans pay for every dollar in our pocket, every dollar given out in a loan, corps, etc.. if they did a credit of that interest over the last 80 years would pay the debt back, without breaking a sweat. __________________ ~TheDoc - ICQ7765825 It's all disambiguation

01-07-2011, 06:23 AM	#11
pornguy Too lazy to set a custom title Industry Role: Join Date: Mar 2003 Location: Homeless Posts: 62,910	Every single politician running the country needs to be booted out. __________________ PornGuy skype me pornguy_epic AmateurDough The Hottes Shemales online! TChicks.com \| Angeles Cid \| Mariana Cordoba \| MAILERS WELCOME!

01-07-2011, 03:50 AM	#1
Emil Confirmed User Join Date: Feb 2007 Location: Sweden Posts: 5,610	The economy of USA - National debt (Calling all GFY-experts!) I dont know shit about how the these systems work but clearly there's something wrong when the national debt is growing as fast as the US national debt, right? According to Wikipedia USA have the biggest national debt in the world. http://en.wikipedia.org/wiki/List_of...ount_balanc e Wont the dollar become worthless if the just keep printing more and more money? For how long can the US debt keep growing before something happens? And what will happen when the shit hits the fan? http://www.usdebtclock.org/ __________________ U.S. NATIONAL DEBT CLOCK

01-07-2011, 04:16 AM	#2
Dodododa Confirmed User Industry Role: Join Date: Oct 2010 Posts: 239	It is all under control. Printing money causes inflation. Inflation reduces the value of the debt (the debt is in dollars, so devaluing the dollar is a legitimate strategy). The dollar can be devalued a great deal more before it will be time to panic. Look at Japan, it takes millions of Yen to buy a standard car.

01-07-2011, 06:29 AM	#12
IllTestYourGirls Ah My Balls Industry Role: Join Date: Feb 2007 Location: Under the gold leaf ICQ 388-454-421 Posts: 14,311	The real debt is 111+ Trillion. Which is over twice the amount of all the money in the world. __________________

01-07-2011, 07:35 AM	#14
Paul Markham Too old to care Industry Role: Join Date: Jun 2001 Location: On the sofa, watching TV or doing my jigsaws. Posts: 52,943	You keep borrowing until the rest of the world owns the US. Just keep hoping no one pulls the plug. __________________ Blowout deal. 880 videos, 2,400 image sets, plus many RAW videos. $500. PM me for a deal. Skype Paulmarkham70