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Old 04-19-2022, 08:13 PM
 
Location: Flyover part of Virginia
4,239 posts, read 2,474,999 times
Reputation: 5083

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Quote:
Originally Posted by BigJon3475 View Post
What does inflation do to debt?

There’s your answer. America can get back in its feet from the debt it has taken on but it will cost their standard of living that was multiple times over the average human on Earth.

So, like, um, “inflation” is like bad and all except it helps pay off the debt quicker and all we have to do is, ultimately, cohabitate with multiple generations of family in much smaller homes while making all attempts to stretch what they do have.

The generally espoused figure is 70-80% drop of PPP. You’re going to have to learn to do more with less.

Or we go through a Great Reset Marxist revolution and see if those hundred million deaths by the last Marxist revolution were accurate.
The is no ability, or indeed, intention, to ever repay a cent of this debt. This debt will grow larger and larger until the financial system simply collapses under its weight. One day, we will all wake up in the morning to find the banks closed indefinitely, and all the ATMs out of service, and no one will have seen it coming...

The masses, the politicians, and the "experts" think this debt can keep growing ad infinitum. This goes against the basic laws of physics, and of common sense. There cannot be perpetual debt expansion in a finite realm. Something has got to give. And something will give.
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Old 04-19-2022, 08:20 PM
 
1,443 posts, read 674,753 times
Reputation: 2651
Because there is absolutely nothing we can do about it.
We are completely helpless and anyone that says they are going to deal with it will never get elected.
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Old 04-19-2022, 08:23 PM
 
29,939 posts, read 39,505,011 times
Reputation: 4799
Quote:
Originally Posted by Taggerung View Post
The is no ability, or indeed, intention, to ever repay a cent of this debt. This debt will grow larger and larger until the financial system simply collapses under its weight.

The masses, the politicians, and the "experts" think this debt can keep growing ad infinitum. This goes against the basic laws of physics, and of common sense. There cannot be perpetual debt expansion in a finite realm. Something has got to give. And something will give.
Unless what it means to owe debt has a changing meaning. As long as that meaning does not change too much then the mere numbers mean not much of anything. It’s the rate of change that freaks people out.

At the current moment Americans consume something like ⅓ of world’s resources but account for somewhere between 4-5% of the world’s population. A quick calculation will show that for everyone to live like Americans it would take 5, 6, 7 planets…

Well that’s silly, so there’s that.

So how do you balance out the world without causing global conflicts with such imbalances? You do it slowly.

If 3% was kosher, try 6, 7, 8% and see what happens. So long as it doesn’t start world war 4 you’re good, right?

If you’re not paying attention to the fact that the people in charge of all that are telling you one thing while they do the opposite, nows the time to pay attention.

According to Sun Tzu that’s one of many aspects of war. “All warfare is based on deception.”

But let’s say they have some legitimate altruistic purpose to lying the trough their teeth while they rob society blind for “society’s benefit,” doubt they have an unlimited timeline on that model.

The kleptocracy has been in place for a decade now and it appears to be reaching its climax. I’m expecting cataclysmic end to it but I could be wrong. Maybe all of the planet will be okay attaching a ball and chain to their appendages where they spend the remaining years of their lives fulfilling the psychopathic Marxist fantasies of Utopia that sends all of humanity to slavery to serve the psychopathic Marxist, idk. World wars have been carried out over exactly the same thing.

Last edited by BigJon3475; 04-19-2022 at 08:38 PM..
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Old 04-19-2022, 09:22 PM
 
18,853 posts, read 8,508,289 times
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Look back to 1988 - 34 years ago. With inflation that 1988 number would be $520B today.

https://www.treasurydirect.gov/govt/...ir_expense.htm

And even less interesting:

https://fred.stlouisfed.org/series/FYOIGDA188S
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Old 04-19-2022, 09:41 PM
 
19,886 posts, read 18,170,665 times
Reputation: 17336
Quote:
Originally Posted by thinkingandwondering View Post
What does the U.S. currently produce in terms of significance?
High end machines tools, all sorts of medical goods, specialty chemicals, all sorts of electronics, oil, gas, autos, trucks, aerospace equipment, defense goods etc.
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Old 04-19-2022, 09:42 PM
 
19,886 posts, read 18,170,665 times
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Quote:
Originally Posted by bluesclues5 View Post
I'm sure the Brits didn't think the day would come either in the late 1800s.
Probably not then I'd agree.
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Old 04-19-2022, 09:43 PM
 
19,886 posts, read 18,170,665 times
Reputation: 17336
Quote:
Originally Posted by BigJon3475 View Post
What does inflation do to debt?

There’s your answer. America can get back in its feet from the debt it has taken on but it will cost their standard of living that was multiple times over the average human on Earth.

So, like, um, “inflation” is like bad and all except it helps pay off the debt quicker and all we have to do is, ultimately, cohabitate with multiple generations of family in much smaller homes while making all attempts to stretch what they do have.

The generally espoused figure is 70-80% drop of PPP. You’re going to have to learn to do more with less.

Or we go through a Great Reset Marxist revolution and see if those hundred million deaths by the last Marxist revolution were accurate.
Generally espoused by who?
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Old 04-19-2022, 09:46 PM
 
19,886 posts, read 18,170,665 times
Reputation: 17336
Quote:
Originally Posted by Taggerung View Post
The is no ability, or indeed, intention, to ever repay a cent of this debt. This debt will grow larger and larger until the financial system simply collapses under its weight. One day, we will all wake up in the morning to find the banks closed indefinitely, and all the ATMs out of service, and no one will have seen it coming...

The masses, the politicians, and the "experts" think this debt can keep growing ad infinitum. This goes against the basic laws of physics, and of common sense. There cannot be perpetual debt expansion in a finite realm. Something has got to give. And something will give.


Do you ever have any idea what you are talking about? Like ever? We repay portions of our debt every day the markets are open.
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Old 04-19-2022, 09:47 PM
 
19,886 posts, read 18,170,665 times
Reputation: 17336
Quote:
Originally Posted by bluesclues5 View Post
I'm sure the Brits didn't think the day would come either in the late 1800s.
Probably not then I'd agree.
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Old 04-19-2022, 10:02 PM
 
29,939 posts, read 39,505,011 times
Reputation: 4799
Quote:
Originally Posted by EDS_ View Post
Generally espoused by who?
Quote:
Real GDP per capita

$17,500 (2017 est.)

$17,000 (2016 est.)

$16,800 (2015 est.)
https://www.cia.gov/the-world-factbo...world/#economy

Is that sufficient or do I need to expound on all the different concepts that result in who consumes what and what that maximum level is right now?
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