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Posted: 12/2/2020 10:42:51 PM EDT
[#1]
Become the largest deadbeat nation in all human history. I don't believe anything can be done anymore. The $14 Trillion reparations proposal will seal our fate.
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Posted: 12/2/2020 10:44:06 PM EDT
[#2]
If every other country has debt also, it's all just fugazi ponzi scheme for allied central banks, and they will run with it as long as they can fight off hostile takeovers from competing central banks.
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Posted: 12/2/2020 10:46:39 PM EDT
[#3]
Quote HistoryQuoted: That is half the plan, the other half is we control the monetary system & we made sure everyone else is also carrying absurd amounts of debt. When everyone is underwater to everyone else, then no one is underwater. What’s anybody gonna do, start calling notes & collapse the whole worlds economy? China can’t call in notes their economy would collapse, Russian can’t their economy would collapse, we can’t our economy would collapse, the EU can’t, Canada can’t, India/Brazil. Who’s left that actually holds enough debt & would be willing to risk sending every country above into a blind rage? Nobody that’s who. Quote HistoryQuoted: Quoted: Stay the world's only superpower Dare anyone to try to collect their money I think that's the plan  That is half the plan, the other half is we control the monetary system & we made sure everyone else is also carrying absurd amounts of debt. When everyone is underwater to everyone else, then no one is underwater. What’s anybody gonna do, start calling notes & collapse the whole worlds economy? China can’t call in notes their economy would collapse, Russian can’t their economy would collapse, we can’t our economy would collapse, the EU can’t, Canada can’t, India/Brazil. Who’s left that actually holds enough debt & would be willing to risk sending every country above into a blind rage? Nobody that’s who. "Someone" who plays by different rules. In theory. |
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Posted: 12/2/2020 10:46:59 PM EDT
[#4]
Call it an even wash over covid they created. Clean slate.
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Posted: 12/2/2020 10:47:23 PM EDT
[#5]
Quote HistoryQuoted: the endgame is to take everyone 401k or IRA. Which wouldn’t put a dent in the debt... |
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Posted: 12/2/2020 10:49:13 PM EDT
[#6]
Quote HistoryQuoted: Here's the endgame. If you don't want to read it all, see the blue bullet points at the end: https://goldswitzerland.com/the-nightmare-scenario-for-the-world/ He kind of glossed over the various civil wars & WWIII. I guess it’s probably because he’s from Switzerland. |
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Posted: 12/2/2020 10:51:37 PM EDT
[#7]
Quote HistoryQuoted: Keep "printing" money until the dumbasses in other countries realize how much we fucked them over and stop lending and remove the dollar as world reserve currency. Then worldwide economic collapse and pandemonium. This is when the globalists really try hard. Currently we are fucking the world over so badly its kinda funny. It’s America that’s getting fucked. We get used as a patsy for the central bankers schemes & an enforcer for world government. While we’re riding high now, we’ll have the farthest to fall when things come tumbling down. Shit will be brutal. |
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Posted: 12/2/2020 10:58:01 PM EDT
[#8]
Quote HistoryQuoted: He kind of glossed over the various civil wars & WWIII. I guess it’s probably because he’s from Switzerland. Quote HistoryQuoted: Quoted: Here's the endgame. If you don't want to read it all, see the blue bullet points at the end: https://goldswitzerland.com/the-nightmare-scenario-for-the-world/ He kind of glossed over the various civil wars & WWIII. I guess it’s probably because he’s from Switzerland. That point is merely academic when viewing things from the Matterhorn! |
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Posted: 12/2/2020 10:59:21 PM EDT
[#9]
bunch of doomers in here
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Posted: 12/2/2020 11:00:24 PM EDT
[#10]
Quote HistoryQuoted: Wake me when China has sea and air superiority... Or if that fails they can just stage a black person getting killed by the police in whatever area you need burned down. |
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Posted: 12/2/2020 11:00:39 PM EDT
[#11]
Quote HistoryQuoted: It’s America that’s getting fucked. We get used as a patsy for the central bankers schemes & an enforcer for world government. While we’re riding high now, we’ll have the farthest to fall when things come tumbling down. Shit will be brutal. Quote HistoryQuoted: Quoted: Keep "printing" money until the dumbasses in other countries realize how much we fucked them over and stop lending and remove the dollar as world reserve currency. Then worldwide economic collapse and pandemonium. This is when the globalists really try hard. Currently we are fucking the world over so badly its kinda funny. It’s America that’s getting fucked. We get used as a patsy for the central bankers schemes & an enforcer for world government. While we’re riding high now, we’ll have the farthest to fall when things come tumbling down. Shit will be brutal. Build the seawall |
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Posted: 12/2/2020 11:01:42 PM EDT
[#12]
Quote HistoryQuoted: bunch of doomers in here We just need to be extremely coordinated. |
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Posted: 12/2/2020 11:01:46 PM EDT
[#13]
I envy boomers so much, they're gonna be dead/senile by the time this fucks us over.
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Posted: 12/2/2020 11:05:18 PM EDT
[#14]
Quote HistoryQuoted: I envy boomers so much, they're gonna be dead/senile by the time this fucks us over. |
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Posted: 12/2/2020 11:05:25 PM EDT
[#15]
Quote HistoryQuoted: Two theories on how it ends. The less likely is that the world drops the dollar and hyper inflation happens. This isn't likely because of the trade deficits it would hurt the world more than the US. More likely is that at some point the underlying deflation, or more accurately debt disinflation happens. To understand this you have to notice that the economic growth of the past 30-40 years has actually just been debt driven, so if debt doesn't increase neither does the economy, and bankers can print money, but they can't print borrowers. Either way it will crash, probably sometime 2030-2040. Short of cheap safe fusion, anti-gravity and/or 1 atmosphere stable room temperature superconductors changing the game we are screwed economically in the long-term. The only way to have anything once the music stops, is to physically own commodities like bullets, a barrel of nails, a box of hammers - things that will always have intrinsic value due to their potential to produce income or procure food. So own your home, keep at least one vehicle paid off (bonus points for a small motorcycle or moped), put together a small diverse library of practical skills/classics/history, own a little silver and gold, learn a useful skill like repairing pots, setting up solar panels, cultivate a small but productive garden, plant fruit bearing trees and live your life as if there is no collapse coming. People have been calling for a collapse since the 70's and before and here we are 50 years later. |
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Posted: 12/2/2020 11:07:58 PM EDT
[#16]
Meh kick the can down the road.
Who's gonna come call it in? |
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Posted: 12/2/2020 11:09:50 PM EDT
[#17]
Quote HistoryQuoted: Meh kick the can down the road. Who's gonna come call it in? Well as we generally weaken as a nation and are reduced to second world nation status, hell will indeed follow anyone who does call it in... |
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Posted: 12/2/2020 11:10:21 PM EDT
[#18]
Don't answer the phone when the debt collector calls. |
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Posted: 12/2/2020 11:12:33 PM EDT
[#19]
Quote HistoryQuoted: My take? New currency. With a highly crappy exchange rate. This with a 50:1 exchange rate. You said we owe 50 trillion? Nah it’s down to 1 trillion. |
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Posted: 12/2/2020 11:13:47 PM EDT
[#20]
The endgame will occur when outside nations refuse to honor our strength, by taking action.
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Posted: 12/2/2020 11:16:18 PM EDT
[#21]
Always the same. David Hackett Fischer explains it in his book "The Great Wave". Currency dilution or devaluation. Inflation is a method of taxation.
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Posted: 12/2/2020 11:16:34 PM EDT
[#22]
Die before the cookie crumbles.
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Posted: 12/2/2020 11:19:28 PM EDT
[#23]
Nothing why does it matter? Money isn’t real
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Posted: 12/2/2020 11:20:25 PM EDT
[#24]
Quoted: It would seem we have a slight spending problem: https://www.statista.com/graphic/1/187867/public-debt-of-the-united-states-since-1990.jpg So what's the endgame here? This doesn't seem sustainable. At some point, we're going to be screwed from interest alone. Is the dollar going to be devalued to pay for it? What will that do to the stock market? Or the rest of the economy? This seems like a bubble that's going to burst all over the place. Why would it burst? Debt is not a concern as long as it's payable. That's why every multinational company and every government takes on debt. Debt to GDP is a better metric, deficit is the better metric and that's manageable anytime we want to cut our military spending. Maybe stop deploying to Iraq and Afghanistan, dropping expensive ass bombs on $250 dirtbikes and 10 year old corollas. Back to corporate finance, debt becomes an issue when it can't be serviced and your creditors have more incentive to call it in than renegotiate. Neither is foreseeable for the US government unless we fall for the supply-side economics lie for about 30 straight years. |
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Posted: 12/2/2020 11:20:59 PM EDT
[#25]
Quote HistoryQuoted: That point is merely academic when viewing things from the Matterhorn! Quote HistoryQuoted: Quoted: Quoted: Here's the endgame. If you don't want to read it all, see the blue bullet points at the end: https://goldswitzerland.com/the-nightmare-scenario-for-the-world/ He kind of glossed over the various civil wars & WWIII. I guess it’s probably because he’s from Switzerland. That point is merely academic when viewing things from the Matterhorn! Reeee-co-laaaa! |
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Posted: 12/2/2020 11:21:19 PM EDT
[#26]
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Posted: 12/2/2020 11:21:35 PM EDT
[#27]
It's just numbers in a computer system.
One day (and I'm starting to fear I might live to see it) the U.S. government will collapse, fold, or dissolve. |
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Posted: 12/2/2020 11:22:36 PM EDT
[#28]
Quote HistoryQuoted: Build the seawall Quote HistoryQuoted: Quoted: Quoted: Keep "printing" money until the dumbasses in other countries realize how much we fucked them over and stop lending and remove the dollar as world reserve currency. Then worldwide economic collapse and pandemonium. This is when the globalists really try hard. Currently we are fucking the world over so badly its kinda funny. It’s America that’s getting fucked. We get used as a patsy for the central bankers schemes & an enforcer for world government. While we’re riding high now, we’ll have the farthest to fall when things come tumbling down. Shit will be brutal. Build the seawall And Jerome Powell is gonna pay for it! |
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Posted: 12/2/2020 11:25:43 PM EDT
[#29]
Quote HistoryQuoted: The second observation should be noted with some urgency, all of our growth since the 70's has been debt and population fueled. Short of cheap safe fusion, anti-gravity and/or 1 atmosphere stable room temperature superconductors changing the game we are screwed economically in the long-term. The only way to have anything once the music stops, is to physically own commodities like bullets, a barrel of nails, a box of hammers - things that will always have intrinsic value due to their potential to produce income or procure food. So own your home, keep at least one vehicle paid off (bonus points for a small motorcycle or moped), put together a small diverse library of practical skills/classics/history, own a little silver and gold, learn a useful skill like repairing pots, setting up solar panels, cultivate a small but productive garden, plant fruit bearing trees and live your life as if there is no collapse coming. People have been calling for a collapse since the 70's and before and here we are 50 years later. Good stuff, man. |
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Posted: 12/2/2020 11:27:55 PM EDT
[#30]
What happens when one country prints way more money than they admit, and launder it into the accounts of their domestic companies/industries/people?
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Posted: 12/2/2020 11:31:00 PM EDT
[#31]
Quoted: It would seem we have a slight spending problem: https://www.statista.com/graphic/1/187867/public-debt-of-the-united-states-since-1990.jpg So what's the endgame here? This doesn't seem sustainable. At some point, we're going to be screwed from interest alone. Is the dollar going to be devalued to pay for it? What will that do to the stock market? Or the rest of the economy? This seems like a bubble that's going to burst all over the place. There is no end game. The dollar will be devalued by interest rate reductions, massive printing of digital and physical currency, and inflation. Anything that is a store of value will continue to increase as the government has no choice but to print. California property taxes are constitutionally protected. Income taxes can only go so high. Property taxes in other states will drive defaults and homelessness. Home prices up in California and not rising with true inflation in any state that relies Heavily on property taxes. |
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Posted: 12/2/2020 11:41:07 PM EDT
[#32]
Use cheap debt to buy appreciating assets now.
Pay with hyperinflation money. Guard said assets from starving hordes. |
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Posted: 12/2/2020 11:41:59 PM EDT
[#33]
Quote HistoryQuoted: There is no end game. The dollar will be devalued by interest rate reductions, massive printing of digital and physical currency, and inflation. Anything that is a store of value will continue to increase as the government has no choice but to print. California property taxes are constitutionally protected. Income taxes can only go so high. Property taxes in other states will drive defaults and homelessness. Home prices up in California and not rising with true inflation in any state that relies Heavily on property taxes. It’s possible. But you have to ask why they are trying to inflate so hard? Great Depression V2 maybe? That is they know it’s about to delate and seize up. But either way they’re walking on a razor and they fall one way it’s hyperinflation crash, and the other is deflationary depression crash. Better question is what are dollars/federal reserve money and how are they created? When you realize our money is debt backed and created by banks ex nihilo, then you can start to understand how it might end. But the vast majority of people don’t even understand how dollars are created and destroyed. |
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Posted: 12/2/2020 11:43:31 PM EDT
[#34]
End game = money printer goes brrrrr
The government philosophy on printing money is best summed up by song lyrics: Never gonna stop me, never gonna stop! Scream if you want it 'cause I want more! Rob Zombie |
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Posted: 12/2/2020 11:45:47 PM EDT
[#35]
Quote HistoryQuoted: End game = money printer goes brrrrr The government philosophy on printing money is best summed up by song lyrics: Never gonna stop me, never gonna stop! Scream if you want it 'cause I want more! Rob Zombie Banks create money, not the government, and I don’t mean just the fed, but ALL banks create money when they make a loan. |
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Posted: 12/2/2020 11:50:15 PM EDT
[#36]
For who?
You and I? Smaller market, limited product choices, nearly impossible to get a personal loan. Electronics will become expensive, so will all the imports we take for granted. The upper middle class will be middle class, everyone drops a peg, which means a lot more working class/poverty on social assistance. I would say similar to most Euro countries. Wealthy? Large corporations? Elites? They are already in China, so they will continue to grow in the Chinese markets and continue to make profits. Nation? Decline. Revolution. |
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Posted: 12/2/2020 11:51:31 PM EDT
[#37]
Quote HistoryQuoted: Biden's economic task-force has Stephanie Kelton on it. She is the champion of MMT "Modern Monetary Theory" and was Bernie's main economic advisor. She actually argues that taxes are unnecessary to fund the government and that the only purpose of taxes are to address income inequality and to slow down inflation. So run massive multi-trillion dollar deficits to create more government jobs, have the Fed buy all the bond issuance since foreigners sure as hell won't be buying them much longer, and then if we get any price inflation from people getting paid to be unproductive govt workers, just tax the fuck out of everyone until the inflation slows down. Oh and tax the fuck out of wealthy people because that's not fair. What could possibly go wrong. Great post. I was just reading about her earlier today. Money is free and unlimited. Dish it out cheap. Control inflation by hiking taxes. Seems like insanity. But it’s policy. |
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Posted: 12/3/2020 12:06:36 AM EDT
[#38]
Quote HistoryQuoted: Great post. I was just reading about her earlier today. Money is free and unlimited. Dish it out cheap. Control inflation by hiking taxes. Seems like insanity. But it’s policy. Except this policy fails in a state like California where taxes are At 2% during the owner’s life and pegged to home price inflation thereafter for kids living in the home. This is going to drive massive inequality Remember, half the populace is dumber than the other half. |
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Posted: 12/3/2020 12:17:57 AM EDT
[#39]
Who do we owe that money to ultimately? A bunch of insanely rich, nameless bankers who created it from literally nothing?
So what happens when you default on a large amount of debt of nothing? I guess that depends on what we believe should happen because it's all imaginary anyway. |
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Posted: 12/3/2020 12:55:33 AM EDT
[#40]
Quote HistoryQuoted: It’s America that’s getting fucked. We get used as a patsy for the central bankers schemes & an enforcer for world government. While we’re riding high now, we’ll have the farthest to fall when things come tumbling down. Shit will be brutal. And thats exactly what I just said. We're (The royal non class specific we)winning big time right now. If we could do this forever it would be perfect. Buying shit with monopoly money is awesome. Yes the party will end and it will be brutal. When this fails it will be the great reset time and its easy to negotiate with starving ppl. we'll trade freedom and suck authoritarian dicks like a crackwhore looking for $5. "Something will have to be done so this doesn't happen again" and 1/2 or more of our guys are playing on their team Its too late to stop this (practically speaking not technically speaking) and it will only end one way. I tried, might as well join the party at this point. Upside: the obesity problem will be resolved. |
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Posted: 12/3/2020 1:01:48 AM EDT
[#41]
That doesn’t matter too much. The fed’s unfunded liabilities on the other hand...
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Posted: 12/3/2020 1:11:51 AM EDT
[#42]
Quote HistoryQuoted: Who do we owe that money to ultimately? A bunch of insanely rich, nameless bankers who created it from literally nothing? So what happens when you default on a large amount of debt of nothing? I guess that depends on what we believe should happen because it's all imaginary anyway. Mostly Asians. Remember all that cheap junk we bought from China? Well, for many years they turned around and recycled those USD into US treasuries. Japan did the same. They mostly stopped buying our UST several years ago, since they realized the jig is up. Lately the only real buyer of US treasuries is...the Federal Reserve. In literally one insane year, the Fed now owns more US treasuries than all foreign nations combined. So, we're printing money like a 3rd world country, because no one is buying our bullshit. Basically the beginning of the end stages. But it was bound to happen. Well, it's been nice chatting, I'm off to buy more: Gold/silver Bitcoin Food Guns/ammo Land And other necessary items |
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Posted: 12/3/2020 1:14:53 AM EDT
[#43]
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Posted: 12/3/2020 1:18:51 AM EDT
[#44]
Unlimited borrowing.
Who’s collecting? |
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Posted: 12/3/2020 1:25:12 AM EDT
[#45]
Way back when .... Rome was up to its eyeballs in debt. Guess what! Now, the entire world is up to its ears in debt. Guess again!
Solution - burn all the currency, deeds, titles, and nobility. Reset EVERYTHING back to ZERO. Possession becomes >90% ownership for real. |
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Posted: 12/3/2020 1:28:43 AM EDT
[#46]
Here is your end game:
16 And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads: 17 And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name. |
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Posted: 12/3/2020 1:36:54 AM EDT
[#47]
Quote HistoryQuoted: Here is your end game: 16 And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads: 17 And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name. Is that a Joe Biden reference? |
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Posted: 12/3/2020 1:51:11 AM EDT
[#48]
Quote HistoryQuoted: Here is your end game: 16 And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads: 17 And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name. But BEFORE THAT ... Revelation 17:17 King James Version 17 For God hath put in their hearts to fulfill his will, and to agree, and give their kingdom unto the beast, until the words of God shall be fulfilled. |
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Posted: 12/3/2020 2:11:37 AM EDT
[#49]
Quote HistoryQuoted: Is that a Joe Biden reference? Nero Caesar |
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Posted: 12/3/2020 2:33:44 AM EDT
[#50]
Quote HistoryQuoted: Why would it burst? Debt is not a concern as long as it's payable. That's why every multinational company and every government takes on debt. Debt to GDP is a better metric, deficit is the better metric and that's manageable anytime we want to cut our military spending. Maybe stop deploying to Iraq and Afghanistan, dropping expensive ass bombs on $250 dirtbikes and 10 year old corollas. Back to corporate finance, debt becomes an issue when it can't be serviced and your creditors have more incentive to call it in than renegotiate. Neither is foreseeable for the US government unless we fall for the supply-side economics lie for about 30 straight years. Even if we cut all of our military spending we're still running trillion dollar deficits at current rates. We run deficits just paying for Medicare and Social Security alone. Debt to GDP is over 100% now Deficit to GDP was 16% this year. The USSR had an unthinkable 18% when they imploded. In the past we used to have something called interest rates, and those interest rates were almost always well above 0%. Historically they averaged 6%. Less than 40 years ago they were nearly 20%. If interest rates EVER rise to any meaningful degree again... which seems like a pretty strong possibility given the fact that they have NEVER been this low before, then our debt addicted economy implodes and the government suddenly becomes insolvent, and interest on our nearly $30 trillion debt, the bulk of which rolls over within 5 years suddenly explodes. Oh, and the longer interest rates remain artificially low, the larger the underlying problems become. |
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