America's new debt ceiling - $19,600,000,000,000

[mesimpleme]

Debt ..... anyone ever repay ...

[CryptoBjorn]

It's unbelievable they even reached this level.
Their governement is so ignorant about it. Instead of solving the problem they try to pass it along to the next generation and so on.. and so on.

[RealBitcoin]

It's unbelievable they even reached this level.
Their governement is so ignorant about it. Instead of solving the problem they try to pass it along to the next generation and so on.. and so on.

The problem is really insolvable as we reach higher and higher world populations, and the corporate power centralizes, resulting in fewer jobs.

So you have an ever increasing global population, and an ever decreasing job pool. Of course wages will go down, it's just basic supply and demand.

[onemd]

It's unbelievable they even reached this level.
Their governement is so ignorant about it. Instead of solving the problem they try to pass it along to the next generation and so on.. and so on.

The government is controlled by those who will benefit from the increase of the debt. So the debt will increase.

[mOgliE]

It's unbelievable they even reached this level.
Their governement is so ignorant about it. Instead of solving the problem they try to pass it along to the next generation and so on.. and so on.

I don't mean to investigate your private life but... Where are you from?

Yes their government is just a huge bullshit. But so are all governments of Western countries. I don't like USA but can't blame them here, any "developped" government is already totally corrupted and in the hand of private interests. They don't give a fuck about the debt as long as they're the ones getting the money.

[MoneyChanger]

http://www.eudebtclock.org/

This unbelievable not only US , EU also have astronomical debt!

[YoonYeonghwa]

That is a hell of a lot of debt. I bet those people in debt haven't bought Bitcoin cause they waster their money on some other shit.

[Anegg]

That is a hell of a lot of debt. I bet those people in debt haven't bought Bitcoin cause they waster their money on some other shit.

I don't understand how they could have that much debt. It is just soo much.

[mOgliE]

That is a hell of a lot of debt. I bet those people in debt haven't bought Bitcoin cause they waster their money on some other shit.

I don't understand how they could have that much debt. It is just soo much.

Dude, it's easy. Banks control the world that's all ^^

[markj113]

Congrats to the US, you have just crossed over the $19 trillion debt mark. 

Obama is really working out great for you guys, easy to see how he got a second term 

[mOgliE]

http://www.eudebtclock.org/

This unbelievable not only US , EU also have astronomical debt!

Wow thanks for the link.

That was my main point, the whole world is at debt, USA is just crazy but at this point I'm not sure it matters a lot xD

[markj113]

$1B :


$1T (imaging that pile of cash multiplied by 19!)

[mOgliE]

Can you provide a source yng more accurate and trustworthy? yng pictures you show does not prove anything. although hard to believe, but the US does have the capacity to make a loan of it, because their economy is stable.

Depends what you call stable, most jobs have been shipped to another countries..

And thos happens globally, rich countries ship the jobs to poor countries, and the playing field evens. They will lose life standards in favor to poorer countries.

The jobs are coming back to the US. There is also a capital flowing out of China and flowing into the US.

Yeah, job coming back, and money is going to.... Well banks and huge companies as always 

[jubalix]

no problem here....we are not running out of "0"'s

[Moneyburner]

I do worry about never having a balanced budget. Would be nice to see that number atleast go sideways versus constantly up

[arbitrage]

I do worry about never having a balanced budget. Would be nice to see that number atleast go sideways versus constantly up

US must proclaim Bankruptcy and return to gold standard..
Or you will have economic crisis in few years, but worse than anything you ever seen.
This is probably scenario for many european countries also..

[mOgliE]

no problem here....we are not running out of "0"'s

Ahahah xD

You know it's good irony but it's not false at all.

Problem with dematerialisation is that everything became more... Abstract.
Where is the limit? And who defines it? 

[onemd]

I do worry about never having a balanced budget. Would be nice to see that number atleast go sideways versus constantly up

US must proclaim Bankruptcy and return to gold standard..
Or you will have economic crisis in few years, but worse than anything you ever seen.
This is probably scenario for many european countries also..

Too much money floating around will destroy the world economy. The QE from US and EU cause over investments, this will destroy the value of many commodities.

[KiwiParty]

Basically they lend time, the time of their citizens.
The debt ceiling equals the gross national product.
At the moment it is about one year of work, of every us citizen, for free, in order to nullify the debt.

[arbitrage]

US also should not make wars around the world,
All that military machinery will economically destroy ordinary people..
Only way for weapons industry to live is to wage wars, and they don't care about people it is obvious.