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Posted: 5/27/2015 2:07:14 PM EDT
[#1]
Phrases like "money bubble" have been floating around for a while now.
The next bubble... |
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Posted: 5/27/2015 2:23:28 PM EDT
[#2]
that's the entire GDP of the united states
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Posted: 5/27/2015 2:24:33 PM EDT
[#3]
A nice world war will take care of that.
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Posted: 5/27/2015 2:27:23 PM EDT
[#4]
How much is from the Crominbus?
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Posted: 5/27/2015 2:30:17 PM EDT
[#5]
How do they back it if they had too? Either it's cut programs or increase taxes dramatically. The latter would be the only option politicians take, so to get back your money you have to pay increased taxes that take a huge bite out of it.
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Posted: 5/27/2015 2:31:02 PM EDT
[#6]
Throwing a party.
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Posted: 5/27/2015 2:37:42 PM EDT
[#7]
There is no real way the government can back it up, our world economic system is a giant Ponzi Scheme. That is why no country will EVER ask us to make good on our debt, the entire system is based on debt. Short of a global financial collapse nothing will change.
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Posted: 5/27/2015 2:38:39 PM EDT
[#8]
Non-paywall link?
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Posted: 5/27/2015 2:41:29 PM EDT
[#9]
Nothing to see here everyone move along .
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Posted: 5/27/2015 2:42:29 PM EDT
[#10]
In before the "it's Happening" gif |
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Posted: 5/27/2015 2:49:01 PM EDT
[#11]
That's only about $145,000 for every man, woman and child in America ... and what the fuck do we have to show for it?
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Posted: 5/27/2015 2:59:12 PM EDT
[#12]
Quote HistoryQuoted:
That's only about $145,000 for every man, woman and child in America ... and what the fuck do we have to show for it? If that's the case, what am I getting from the gov that warrants my debt being that much? |
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Posted: 5/27/2015 3:05:36 PM EDT
[#13]
Dibs on Yellowstone.
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Posted: 5/27/2015 3:25:55 PM EDT
[#14]
Quote HistoryQuoted:
There is no real way the government can back it up, our world economic system is a giant Ponzi Scheme. That is why no country will EVER ask us to make good on our debt, the entire system is based on debt. Short of a global financial collapse nothing will change. yep. As screwed as we think we are, every other country is in a worse position. China will never call their debt and rasing taxes will only pay 0.01% of the liability and just encourage more gov spending. The only thing that will correct everything is a global collapse. Mad Max? Postman? Who knows, but none of the scenarios are good. |
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Posted: 5/27/2015 3:32:32 PM EDT
[#15]
The number has become meaninless and most of us know it. It can never be paid down and there will never be any serious attempts to do so. Also, that "guarantee" will only apply to friends/blackmailers of the administration in power. "Too big to fail" will become a major buzzword of the next 20 years.
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Posted: 5/27/2015 3:34:02 PM EDT
[#16]
Quote HistoryQuoted:
How do they back it if they had too? Either it's cut programs or increase taxes dramatically. The latter would be the only option politicians take, so to get back your money you have to pay increased taxes that take a huge bite out of it. Debt is backed by bullets. 
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Posted: 5/27/2015 3:34:34 PM EDT
[#17]
This is the financial world's version of Mutually Assured Destruction. Take down the US economy and everyone else will go down with us.
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Posted: 5/27/2015 3:37:22 PM EDT
[#18]
Quote HistoryQuoted: That's only about $145,000 for every man, woman and child in America ... and what the fuck do we have to show for it? $350,000 for each taxpayer. Right, I'll get my checkbook out.  |
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Posted: 5/27/2015 3:38:39 PM EDT
[#19]
Quote HistoryQuoted:
That's only about $145,000 for every man, woman and child in America ... and what the fuck do we have to show for it? That's guaranteed liabilities, not really expenditures. I did an SBA loan earlier for a business at $50M, government is backing that at 50%, so $25M of that is "backed" by the government and included in these numbers. The government didn't pay anything out (yet) so you wouldn't expect to have anything to show for it. So while it might be a good measuring stick to gauge how policy decisions could be/are overburdening the government should a segment, or multiple, fall out, the figure in itself is almost meaningless. |
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Posted: 5/27/2015 5:31:34 PM EDT
[#20]
Quote HistoryQuoted:
How do they back it if they had too? Either it's cut programs or increase taxes dramatically. The latter would be the only option politicians take, so to get back your money you have to pay increased taxes that take a huge bite out of it. The government would default, the dollar worthless, no money in the bank, everyone dies |
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Posted: 5/27/2015 5:36:52 PM EDT
[#21]
Quote HistoryQuoted: That's only about $145,000 for every man, woman and child in America ... and what the fuck do we have to show for it?    |
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Posted: 5/27/2015 5:39:18 PM EDT
[#22]
There are talks of the IMF being the new bailout mechanism, since they aren't as badly leveraged as the "Federal" Reserve is.
The biggest thing that gets overlooked in all of this is assets. People who have studied economics under really bad theories, who don't have a classical education, start talking about GDP to debt ratios, but don't put any assets on the balance sheet. There is no Nation on earth like the US when it comes to assets. |
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Posted: 5/27/2015 5:42:11 PM EDT
[#23]
WAT?
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Posted: 5/27/2015 8:54:02 PM EDT
[#24]
Quote HistoryQuoted:
This is the financial world's version of Mutually Assured Destruction. Take down the US economy and everyone else will go down with us. Also those loans are sold worldwide to banks and foreign governments. Credit risk is perceived very low,almost as low as U.S. treasuries in many cases, look at the spread of farm credit debt compared to treasuries. Similar risk higher yields, that debt and the others are sold worldwide. |
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Posted: 5/27/2015 9:15:17 PM EDT
[#25]
Quote HistoryQuoted:
that's the entire GDP of the united states Closer to 1.6 times the GDP. 2013 GDP was just under 17 trillion. We could spend every single dollar we make for the next year and a half and not quite pay off our debt. |
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Posted: 5/27/2015 9:19:25 PM EDT
[#26]
Quote HistoryQuoted:
that's the entire GDP of the united states What the fuck does GDP actually mean anyway? I also doubt that is the total. Further, Uncle Sam only guarantees that he will take it out of the taxpayers asses, not that he will cover the debt. The only thing in this world more wicked than Islam is banking. Shit, even Islam forbids interest. |
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Posted: 5/27/2015 9:23:37 PM EDT
[#27]
Quote HistoryQuoted:
There is no real way the government can back it up, our world economic system is a giant Ponzi Scheme. That is why no country will EVER ask us to make good on our debt, the entire system is based on debt. Short of a global financial collapse nothing will change. They will put peons in prison to keep the rest of us in line. Some poor dumb bastard that doesn't want to play the game will do the time, and we will all look on and tisktisktisk and then go back to paying inane taxes designed to keep value in fake fucking money. Frankly, Shirley Jackson describes a less ambiguous, though equally cruel, world. |
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Posted: 5/27/2015 9:24:55 PM EDT
[#28]
Quote HistoryQuoted:
Phrases like "money bubble" have been floating around for a while now. The next bubble... Ammo? |
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Posted: 5/27/2015 9:25:36 PM EDT
[#29]
Quote HistoryQuoted:
Debt is backed by bullets. Quote HistoryQuoted:
Quoted:
How do they back it if they had too? Either it's cut programs or increase taxes dramatically. The latter would be the only option politicians take, so to get back your money you have to pay increased taxes that take a huge bite out of it. Debt is backed by bullets. There is your answer. Motherfuckers don't take this shit seriously, but it will be corrected when the pendulum swings all the way to communist revolution and mass killing. |
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Posted: 5/27/2015 9:34:11 PM EDT
[#30]
Ron Paul has been right all along
He's a nutbag psycho, but he's right. |
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Posted: 5/27/2015 9:37:55 PM EDT
[#31]
Quote HistoryQuoted:
Closer to 1.6 times the GDP. 2013 GDP was just under 17 trillion. We could spend every single dollar we make for the next year and a half and not quite pay off our debt. Quote HistoryQuoted:
Quoted:
that's the entire GDP of the united states Closer to 1.6 times the GDP. 2013 GDP was just under 17 trillion. We could spend every single dollar we make for the next year and a half and not quite pay off our debt. How much money is in 401K's?? |
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Posted: 5/27/2015 9:42:16 PM EDT
[#32]
Quote HistoryQuoted:
This is the financial world's version of Mutually Assured Destruction. Take down the US economy and everyone else will go down with us. Agreed. US dollar folds, where are you going to go? |
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Posted: 5/27/2015 9:43:28 PM EDT
[#33]
Quote HistoryQuoted:
How much money is in 401K's?? Quote HistoryQuoted:
Quoted:
Quoted:
that's the entire GDP of the united states Closer to 1.6 times the GDP. 2013 GDP was just under 17 trillion. We could spend every single dollar we make for the next year and a half and not quite pay off our debt. How much money is in 401K's?? The thread has now gone ULTRA DERP! 
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Posted: 5/27/2015 9:44:58 PM EDT
[#34]
reduce all police spending now, make all investigations billable, repeal GCA and NFA, encourage bounty hunting
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Posted: 5/27/2015 9:46:56 PM EDT
[#35]
Is there such a thing as $26 trillion dollars?
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Posted: 5/27/2015 9:47:01 PM EDT
[#36]
Quote HistoryQuoted:
How much money is in 401K's?? Quote HistoryQuoted:
Quoted:
Quoted:
that's the entire GDP of the united states Closer to 1.6 times the GDP. 2013 GDP was just under 17 trillion. We could spend every single dollar we make for the next year and a half and not quite pay off our debt. How much money is in 401K's?? One man's 401K is another man's debt. |
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Posted: 5/27/2015 9:47:05 PM EDT
[#37]
Quote HistoryQuoted:
Ron Paul has been right all along
He's a nutbag psycho, but he's right. Every now and then the doomsayers are correct. It is impossible for us to pay off the debt and the whole system is one giant Ponzi scheme. Eventually it will all come crashing down because that's what history says about all currencies known to man. Only question is when. |
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Posted: 5/27/2015 9:48:11 PM EDT
[#38]
Quote HistoryQuoted: Shit, even Islam forbids interest. Christianity used to, too. The Emperor might be naked as fuck but as long as you keep pretending to like his clothes and so does everyone else, life's good. |
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Posted: 5/27/2015 9:49:25 PM EDT
[#39]
Quote HistoryQuoted:
How do they back it if they had too? Either it's cut programs or increase taxes dramatically. The latter would be the only option politicians take, so to get back your money you have to pay increased taxes that take a huge bite out of it. Print it. |
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Posted: 5/27/2015 9:53:06 PM EDT
[#40]
Quote HistoryQuoted:
Is there such a thing as $26 trillion dollars? No, as it would cost $30 trillion to print $26 trillion. |
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Posted: 5/27/2015 9:54:16 PM EDT
[#41]
They will eventually cash out everyone's 401k's to solve the problem. Keep investing boys, some of us never made financial plans for the future and you will be expected to pay for our lack of foresight
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Posted: 5/27/2015 10:00:49 PM EDT
[#42]
And, Nero played on while Rome burned...
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Posted: 5/27/2015 10:09:05 PM EDT
[#43]
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Posted: 5/27/2015 10:11:59 PM EDT
[#44]
Whats amusing is there is a bank advert at the bottom of this thread
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Posted: 5/27/2015 10:25:13 PM EDT
[#45]
Quote HistoryQuoted:
Throwing a party. Like it's 1999....... |
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Posted: 5/27/2015 10:46:10 PM EDT
[#46]
Quote HistoryQuoted:
That's only about $145,000 for every man, woman and child in America ... and what the fuck do we have to show for it? A shit ton of McMansions and "innovative financial products"? Oh, and lots and lots of paper wealth. |
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Posted: 5/27/2015 10:48:27 PM EDT
[#47]
Quote HistoryQuoted:
The government would default, the dollar worthless, no money in the bank, everyone dies Quote HistoryQuoted:
Quoted:
How do they back it if they had too? Either it's cut programs or increase taxes dramatically. The latter would be the only option politicians take, so to get back your money you have to pay increased taxes that take a huge bite out of it. The government would default, the dollar worthless, no money in the bank, everyone dies Either that or exactly what happened during the Great Recession when the Fed printed a bunch of money, handed it to the banks, which in turn disappeared it into a giant black hole and magically fixed their balance sheets. |
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Posted: 5/27/2015 10:55:23 PM EDT
[#48]
You tin foilers have it on extra-tight for this 'doom and gloom' bullshit'.
Nothing will happen to you personally. All your hoarding and etc is fruitless. Live your life and die...nothing will happen in the next 500 years. It's a debt-based system and all thefear mongering is worth nothing. |
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Posted: 5/27/2015 10:58:23 PM EDT
[#49]
Am I in before the "I paid into Social Security for X years, I deserve to get the money back" crowd?
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Posted: 5/27/2015 11:02:15 PM EDT
[#50]
Quote HistoryQuoted:
How do they back it if they had too? Either it's cut programs or increase taxes dramatically. The latter would be the only option politicians take, so to get back your money you have to pay increased taxes that take a huge bite out of it. FRNs are backed by the "full faith and credit of the United States". I've heard it said that means all the nation's assets - land, properties - anything of value both publicly and privately held assets. |
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