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Posted: 1/3/2024 11:34:32 AM EDT
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Posted: 1/3/2024 11:35:25 AM EDT
[#1]
Eventually all of us will be millionaires! Nothing bad about that!
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Posted: 1/3/2024 11:36:36 AM EDT
[#2]
Just apply for another credit card.
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Posted: 1/3/2024 11:39:17 AM EDT
[#3]
Inflation is the way out.
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Posted: 1/3/2024 11:40:38 AM EDT
[#4]
At this point there's nothing you can do about things out of your control. All you should just really do is prepare your own immediate friends/family and protect them, forget about obsessing over politics/economics that you can't do shit about.
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Posted: 1/3/2024 11:40:39 AM EDT
[#5]
Just numbers on a spreadsheet bro
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Posted: 1/3/2024 11:41:07 AM EDT
[#6]
All fiat currencies eventually fail
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Posted: 1/3/2024 11:41:09 AM EDT
[#7]
Buy bonds. Invest in America!
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Posted: 1/3/2024 11:41:18 AM EDT
[#8]
Posters nailed it.
Keep spending, we're not going to tax or cut our way outta this. Everything is fine! 
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Posted: 1/3/2024 11:41:30 AM EDT
[#9]
Something is going to happen after all this, which means that this isn't the end, it's just a really bad middle.
Although it could be a worse later middle after this 
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Posted: 1/3/2024 11:42:27 AM EDT
[#10]
We’re in the “slowly at first” part of Hemingway’s bankruptcy tale. Right now the non-western part of the world is moving away from our petrodollar. Eventually that will reduce demand for the US dollar and we’ll reach the “suddenly” stage of bankruptcy. Poof, US currency won’t be worth anything.
When that will happen is impossible to predict. Probably not today or tomorrow, might be this year or next year, or 50 years. |
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Posted: 1/3/2024 11:43:32 AM EDT
[#11]
Quote HistoryQuoted: Inflation is the way out. The dollars you have in your possession will over time become worth less... worth less... worthless.... Ahhhh Hyper Inflation is the goal. |
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Posted: 1/3/2024 11:43:38 AM EDT
[#12]
Two words , Cloward- Piven .
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Posted: 1/3/2024 11:44:55 AM EDT
[#13]
There is nothing any of us can do to fix or stop the problem.
It is what it is man |
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Posted: 1/3/2024 11:45:29 AM EDT
[#14]
Quote HistoryQuoted: At this point there's nothing you can do about things out of your control. All you should just really do is prepare your own immediate friends/family and protect them, forget about obsessing over politics/economics that you can't do shit about. |
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Posted: 1/3/2024 11:48:21 AM EDT
[#15]
Cut spending and raise taxes.
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Posted: 1/3/2024 11:57:15 AM EDT
[#16]
How about just spend less on all of the bullshit the gov wastes money on.
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Posted: 1/3/2024 11:57:38 AM EDT
[#17]
I'm not going to tell you it won't. I will say charts of most everything at national/global scales have been exponential since WWII, and debt is just one consequence of that.
Some charts... We're in a lot more trouble than just debt, or even debt and unfunded liabilities. |
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Posted: 1/3/2024 12:00:06 PM EDT
[#18]
On the bright side, civil and social upheaval will probably take us out before we have a chance to collapse financially.
 I've tried to envision some kind of middle ground the country can continue to ride on. Don't see it happening. I think our '24 election is going to be historic, for all the wrong reasons. |
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Posted: 1/3/2024 12:05:46 PM EDT
[#19]
Quote HistoryQuoted: Cut spending and raise taxes. Which will end in a recession. Less tax revenue, and more people hollering for government assistance. |
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Posted: 1/3/2024 12:09:09 PM EDT
[#20]
Quote HistoryQuoted: Cut spending Fixt |
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Posted: 1/3/2024 12:09:18 PM EDT
[#21]
America will never fall, we are the wealthiest country in the world, have plenty of food and college football
  Fall of Rome |
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Posted: 1/3/2024 12:10:02 PM EDT
[#22]
Quote HistoryQuoted: Cut spending and Lower tax rates increase economic activity which actually improves inflow to the treasury. Higher rates stifle economic activity. Either way, federal spending needs to be slashed dramatically. |
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Posted: 1/3/2024 12:14:39 PM EDT
[#23]
Meh this is for people in the future to worry about. People that haven’t been born yet. The government will just keep spending irregardless of future problems.
Should probably send Iran a few more plane loads of cash. |
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Posted: 1/3/2024 12:16:48 PM EDT
[#24]
Quote HistoryQuoted: America will never fall, we are the wealthiest country in the world, have plenty of food and college football Bread and circuses. Worked for Rome, right?... |
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Posted: 1/3/2024 12:19:01 PM EDT
[#25]
Quote HistoryQuoted: Bread and circuses. Worked for Rome, right?... In those days they had physical currency and debased it (mixed other metals w the gold or silver). Resulting in inflation. Nowadays they do the same thing on a computer. For those of you saying either gold or bitcoin are the answer...history says otherwise. As for the OPs question. We are fucked. |
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Posted: 1/3/2024 12:19:11 PM EDT
[#26]
Quote HistoryQuoted: At this point there's nothing you can do about things out of your control. All you should just really do is prepare your own immediate friends/family and protect them, forget about obsessing over politics/economics that you can't do shit about. Agreed. There is no way out now --we're well beyond the point of no return, and accelerating. Clearly, the politicians know it too. D's just want to mash down the spend accelerator harder (because, why not??), and R's (at least some of them) want just to stabilize. NO ONE is planning or even talking about how to reverse the trend, as it is absolute, 100% guaranteed political suicide. We can't even go 1 DAY of govt shutdown without every news outlet crying "It's the apocalypse! Death in the streets!". It is unimaginable what would happen if REAL cutbacks were tried. |
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Posted: 1/3/2024 12:20:11 PM EDT
[#27]
The way we always do, with a War.
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Posted: 1/3/2024 12:21:30 PM EDT
[#28]
Quote HistoryQuoted: Eventually all of us will be millionaires! Nothing bad about that! ...finally, two chicks at the same time! |
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Posted: 1/3/2024 12:23:00 PM EDT
[#29]
At some point, economics becomes accounting. The math no longer adds up. We are spending close to $1T/yr now in interest, which puts us into a debt spiral.
The classic inflection point is when the central bank buys the nation's debt, which for the US was in 2008. It is totally illegal for the Fed to buy US debt from the treasury. So a primary dealer (Goldman or JPM for instance) buys $1B in US bonds from the treasury and holds it for a second or two and then immediately sells it to the Fed. Neat trick, eh? Better yet, the primary dealer gets a mil or two for holding a riskless trade for a few seconds. What a |
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Posted: 1/3/2024 12:24:15 PM EDT
[#30]
I will save the day and assure you that it won't come to a really bad end.
It will come to a really, really, really bad end. |
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Posted: 1/3/2024 12:25:02 PM EDT
[#31]
Agreed. And with 60% of illegal immigrants on govt welfare and more on the way, it’s a real train wreck. Totally unsustainable.
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Posted: 1/3/2024 12:25:23 PM EDT
[#32]
Quoted:  lol, Zerohedge is literally Russian propaganda... ...rating this one troll |
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Posted: 1/3/2024 12:25:26 PM EDT
[#33]
Two main points.
1. all central banks are doing it. So that means everyone is in the same boat 2. inflation |
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Posted: 1/3/2024 12:27:20 PM EDT
[#34]
I you really want to bake your noodle, do some research on future unfunded liabilities. Close to $100 trillion for the federal government.
Then, add in state, local and private pension funds, and you're at several hundred trillion. Only way to fix it is to inflate it away. Inflation favors debtors. And because we're the world's reserve currency, and there's currently no viable (or even short-term future) challenger, we're pawning our debt off on and inflating all other currencies. Great way to be a steward of trust and faith. |
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Posted: 1/3/2024 12:27:37 PM EDT
[#35]
What can be done to prepare for the crash/ hyper inflation?
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Posted: 1/3/2024 12:28:01 PM EDT
[#36]
Quote HistoryQuoted: We’re in the “slowly at first” part of Hemingway’s bankruptcy tale. Right now the non-western part of the world is moving away from our petrodollar. Eventually that will reduce demand for the US dollar and we’ll reach the “suddenly” stage of bankruptcy. Poof, US currency won’t be worth anything. When that will happen is impossible to predict. Probably not today or tomorrow, might be this year or next year, or 50 years. If Trillions of $ sent worth anything, then we’re out of debt! Yea, that’s a bit of dark humor |
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Posted: 1/3/2024 12:28:47 PM EDT
[#37]
Debt based system, always need more to keep the Ponzi scheme alive
They will continue to inflate. You can protect yourself by buying hard assets and learning the game so you can play it and win |
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Posted: 1/3/2024 12:28:56 PM EDT
[#38]
Quote HistoryQuoted: Bread and circuses. Worked for Rome, right?... It actually did work pretty well for Rome. Then the Christians stopped putting pagans in the arena, and then Honorius stopped the gladiatorial games all together. Went downhill pretty quick after that. |
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Posted: 1/3/2024 12:30:02 PM EDT
[#39]
Quote HistoryQuoted: lol, Zerohedge is literally Russian propaganda... ...rating this one troll Quote HistoryQuoted: lol, Zerohedge is literally Russian propaganda... ...rating this one troll If you crop out "Zerohedge" logo is it any less factual...? |
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Posted: 1/3/2024 12:30:50 PM EDT
[#40]
Quote HistoryQuoted: Eventually all of us will be millionaires! Nothing bad about that! Go be poor somewhere else. I will be rolling into the local gas station and buying a trillion dollars of fuel with cash, all 6 gallons. |
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Posted: 1/3/2024 12:33:35 PM EDT
[#41]
Buy shit now on fixed interest. Pay it off in full when we are all millionaires.
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Posted: 1/3/2024 12:35:10 PM EDT
[#42]
I'm way more concerned about the American cultural breakdown of society. Nobody gives two fucks about anyone but themselves. When this thing really starts to melt down, it's not going to be a civil war but more like a neighbor on neighbor war of survival.
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Posted: 1/3/2024 12:35:57 PM EDT
[#43]
Quote HistoryQuoted: Two main points. 1. all central banks are doing it. So that means everyone is in the same boat 2. inflation |
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Posted: 1/3/2024 12:37:42 PM EDT
[#44]
Zerohedge
and well you you know 
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Posted: 1/3/2024 12:38:33 PM EDT
[#45]
Hyperinflation
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Posted: 1/3/2024 12:40:06 PM EDT
[#46]
What many do not understand is that every dollar the US govt spends that is not direct payments, is included in the GDP calculation. So when the fed creates new money and gives it to the treasury and the treasury spends it, the accounting result is an increase in GDP which looks like growth, but it isn’t growth. Without that extra 2 trillion dollars pumped into the GDP, the GDP negative growth would be worse than the Great Depression numbers.
With that extra 2 trillion a year, the govt is propping up business, the stock and bond markets, jobs, and tithe economy in general. Without it employment would collapse, banking would collapse, consumer demand would collapse, and the economy in general would collapse. So they try to disarm us knowing what is coming while they steal a big nest egg for themselves and hope they get rich before the wheels come off the train. |
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Posted: 1/3/2024 12:42:02 PM EDT
[#47]
Quote HistoryQuoted: I you really want to bake your noodle, do some research on future unfunded liabilities. Close to $100 trillion for the federal government. Then, add in state, local and private pension funds, and you're at several hundred trillion. Only way to fix it is to inflate it away. Inflation favors debtors. And because we're the world's reserve currency, and there's currently no viable (or even short-term future) challenger, we're pawning our debt off on and inflating all other currencies. Great way to be a steward of trust and faith. Except we are all creditors also Watch your 100K paycheck become pocket change |
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Posted: 1/3/2024 12:42:14 PM EDT
[#48]
Quoted: lol, Zerohedge is literally Russian propaganda... ...rating this one troll Quoted: Zerohedge and well you you know Is the graph accurate? This seems to say the same thing Unless you think that's propaganda, too? PS - $211 Trillion in unfunded liabilities. For a population of 330 million, that's $640,000 for every human being in the country. |
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Posted: 1/3/2024 12:42:24 PM EDT
[#49]
lol....in 20 years kids will be blaming you guys on BBGUNS.COM for stealing your children's future, buying avocado toast and Apple phones.
Why didn't you do something?  |
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Posted: 1/3/2024 12:42:42 PM EDT
[#50]
We make nothing other than Apps. Our currency is increasingly worthless. Our military is increasingly a boutique force incapable of replacing any susbstantive losses. Our people deeply divided. Our leaders farther removed from their fellow citizens and increasingly closer to foreign interests.
There is no good end here. Our Republic will fall. While a noble experiment it ultimately is a failed one, because unearned universal suffrage combined with immigration is incompatible with stability. |
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