National debt

[REELDOC]

Commander Zero on the national debt.......

Article -Treasury warns of need to deal with national debt limit | Notes From The Bunker

www.commanderzero.com

Prophetic:

"There is a time when you can still do something to save the ship, and there is a time when the best thing you can do is head for the lifeboats. The critical part is knowing which particular moment you’re in and acting accordingly."

 

[georgel]

End of the world? Probably not. End of your world? Quite possible. A smart man will have eliminated as much debt as possible, put away a goodly amount of cash or cash-like instruments for when his job disappears, and stocked up on things he’d rather not be forced to buy during a period of austerity. And….thats actually a good policy to have even when the economy is doing well.


As I mentioned in another thread, I think it's too late to right this ship. So, buckle up for the ride.

 

[Ikarus1]

It's game over for us. No debt to speak of, and minimal exposure to the stock market so economics don't really concern me. Running out of TP and chicken wings, yeah that is concerning. A huge amount of homeless people with low impulse control and hatred for my skin color concern me a little bit.

 

[Diablos]

If you tear a hole if the opposite side of the ship (stimmy checks), you correct the listing while the ship still sinks

 

[noway2]

This was an interesting comment to that short blog: "Suspect the crypto-madness is symptomatic of society’s desperation to get out of fiat while they still can." I suspect he's right. I think people know that the nation state fiat currencies, especially the US Dollar are racing towards junk status.

@georgel the picture in your post reminds me of this scene from a good show:

 

[Scsmith42]

It's game over for us. No debt to speak of, and minimal exposure to the stock market so economics don't really concern me. Running out of TP and chicken wings, yeah that is concerning. A huge amount of homeless people with low impulse control and hatred for my skin color concern me a little bit.

I hate to burst your bubble, but what about your share of the Federal debt?

There are approximately 143 million taxpayers in the USA. Federal Debt is now over 28 trillion and growing rapidly. Your pro-rate share of the national debt is 225K.

Interest paid on the federal debt is around 500 billion of the 3.4 Trillion total revenue. This is artificially low due to the extremely low interest rates.

With inflation returning, interest rates will have to rise in order to counter it. When this occurs, the percentage of the federal budget that is required for interest will increase significantly.

The extensive federal debt is one of the greatest threats currently facing America. This is closely followed by the socialist movements that are designed to increase divisiveness amongts our citizens.

In my humble opinion....

 

[CZfool68]

I hate to burst your bubble, but what about your share of the Federal debt?

There are approximately 143 million taxpayers in the USA. Federal Debt is now over 28 trillion and growing rapidly. Your pro-rate share of the national debt is 225K.

Interest paid on the federal debt is around 500 billion of the 3.4 Trillion total revenue. This is artificially low due to the extremely low interest rates.

With inflation returning, interest rates will have to rise in order to counter it. When this occurs, the percentage of the federal budget that is required for interest will increase significantly.

The extensive federal debt is one of the greatest threats currently facing America. This is closely followed by the socialist movements that are designed to increase divisiveness amongts our citizens.

In my humble opinion....

Yep. And if/when rates rise they’ll either have to start cutting Federal Services and employees, or find new ways to suck wealth from the peasants. Any clue which way they will go? 🧐

 

[cubrock]

Yep. And if/when rates rise they’ll either have to start cutting Federal Services and employees, or find new ways to suck wealth from the peasants. Any clue which way they will go? 🧐

The latter first, later adding the first option.

 

[Dale Gribble]

Article states the debt is 22.1 trillion.

When you factor in liabilities that are currently unfunded, the true total is over 90 trillion.

We ain’t digging out of that.

 

[BlackGun]

Politicians have been buying votes thru debt for four decades. There is no concern at the legislative level when you are worth tens of millions.

 

[Button Pusher]

We will be using dollar bills for TP and then washing them for reuse, cotton blend fabric not paper money. Sell real TP for food and ammo.

 

[Button Pusher]

 

[BatteryOaksBilly]

View attachment 331498

STOPPPPPPP Ya makin my head SPIN!!!!!!!!!!!!!!!!!!!!!!!!!

 

[TheWallrus]

STOPPPPPPP Ya makin my head SPIN!!!!!!!!!!!!!!!!!!!!!!!!!

And mine hurt. 🤕

 

[Ikarus1]

National debt won't matter when its all one world gov't that can print Fedcoin out of bits and assign you a social credit score based on your browser history. It's not that far off

US Federal Reserve Actively Working on Digital Dollar – Bitcoin News

The Federal Reserve Board of Governors and several Federal Reserve Banks are actively working on the digital dollar. Legislation has proposed that each American could have an account at the Fed for transacting in the central bank digital currency.

news.bitcoin.com

 

[MostWanted]

National debt won't matter when its all one world gov't that can print Fedcoin out of bits and assign you a social credit score based on your browser history. It's not that far off

US Federal Reserve Actively Working on Digital Dollar – Bitcoin News

The Federal Reserve Board of Governors and several Federal Reserve Banks are actively working on the digital dollar. Legislation has proposed that each American could have an account at the Fed for transacting in the central bank digital currency.

news.bitcoin.com

Pure evil.

 

[Dale Gribble]

The president of the Federal Reserve Bank of Cleveland, Loretta J. Mester, outlined the Fed’s work on the country’s central bank digital currency (CBDC)...

She added that “Other proposals would create a new payments instrument, digital cash, which would be just like the physical currency issued by central banks today, but in a digital form and, potentially, without the anonymity of physical currency.”


There ya go...that’s what they want, right there....complete control and knowledge of everything you buy. With “digital currency”, they can not only track your purchases, but can either approve or decline them.

When TPTB attempt to mandate turning in physical money/PMs for “digital currency”, DON’T DO IT!!!!!

These MFers are sinister as hell.😡

 

[ppirate]

Who cares about the debt. The government will solve the problem..................but remember they think the PROBLEM is YOU .

 

[Relapse]

We can't even vote in the lesser evil anymore the way elections are rigged. Limit debt and try to stay healthy, and sane if possible. Know how to do necessary skills. Deal in cash and be creative, generous, and honest. Count on serious inflation, including higher taxes.They can't let the stock market crash. It would kill the wealth illusions of too many drones. Can't have everyone questioning everything they believed in all these years. But it still might if some fat cats see a way to short it out. America can't get by without Chinese slave labor. Monetizing the national debt has become monetizing the illusion of the American Dream. 34% already are government employees, not to mention the hardcore welfare dependents. They want that number a lot higher. Squeezing jobs out of native hands has been perfected. The student debt whiners and other losers have to become visibly angrier to get that guaranteed income rolled out. Going back to a strong, productive economy is not an option the elites will allow as the late coupe proved so soundly. Exactly how a trumped up pandemic and race riot destruction of major cities is supposed to work to their advantage is a mystery. But I never understood Hegel all that well to begin with. I do have primers if anyone has 9 mm though....