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Author Topic: America's new debt ceiling - $19,600,000,000,000  (Read 16074 times)
onemd
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March 12, 2016, 01:12:19 PM
 #241

Good news for everyone!  Shocked Shocked Grin

If the American debt is too high and it cannot afford to repay the debt, it will cause the world financial crisis.

The American debt is in US dollars. The Fed cannot print unlimited amount of bills to pay it back. There is no problem at all.

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March 13, 2016, 02:58:01 PM
 #242


Hahahaha xD

I like your reaction! OOOOOOOOOOOOOOOOH if you think it gonna work then it's all good.
They gotta have some kind of Plan B nah?

Thats huge debt,19 trillion dollars? What would be the plan B? Possibly to declare War? Print more dollars or to increased more taxes? But we hope America can manage it as the have more capable and great leaders to solve it.


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markj113
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March 13, 2016, 05:33:49 PM
 #243


Hahahaha xD

I like your reaction! OOOOOOOOOOOOOOOOH if you think it gonna work then it's all good.
They gotta have some kind of Plan B nah?

Thats huge debt,19 trillion dollars? What would be the plan B? Possibly to declare War? Print more dollars or to increased more taxes? But we hope America can manage it as the have more capable and great leaders to solve it.

Strange how your last 2 presidents have clocked up the dept more than any others in history, Obama being the worst.

Still amazes me how people believe their "leaders" have all the answers and will fix all the problems.  Dont forget when it does all go tits up none of the ruling elite will go hungry but you may.

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March 14, 2016, 09:04:18 AM
 #244

I agree, the debt is huge but I think that America will never repay it. I don't think that the leaders are very worried about it, it's just the way that its economy is being functioning for a while now.

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March 20, 2016, 06:47:12 PM
 #245

America's new debt ceiling - $19,600,000,000,000 (thats in the trillions if you were not sure)

Thats $60,000 debt for every man, woman and child in the country.

Ticking timebomb waiting to blow, keeping the gold nicely polished waiting for the day Smiley


its really massive amount of debt,and i wonder how can america have so many debt,for what purpose that money?and where they get loan?
i know every coutries have debt,but i never see debt as much like that,and i love this fact :
Quote
Thats $60,000 debt for every man, woman and child in the country.
Jambolb2
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March 27, 2016, 12:26:50 PM
 #246

America's new debt ceiling - $19,600,000,000,000 (thats in the trillions if you were not sure)

Thats $60,000 debt for every man, woman and child in the country.

Ticking timebomb waiting to blow, keeping the gold nicely polished waiting for the day Smiley


But the people in that country have more than $60,000 in wealth in the house and other properties. So they think they can pay it back.
markj113
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March 27, 2016, 02:06:54 PM
 #247

America's new debt ceiling - $19,600,000,000,000 (thats in the trillions if you were not sure)

Thats $60,000 debt for every man, woman and child in the country.

Ticking timebomb waiting to blow, keeping the gold nicely polished waiting for the day Smiley


But the people in that country have more than $60,000 in wealth in the house and other properties. So they think they can pay it back.

No they dont, most people's houses are mortgaged and part of the debt.

And its $60k per man, woman and child so equates to short of 1/4 million dollars per household of 2 adults 2 children.

The fact there are still people out there that think $19 trillion dollars debt isnt a problem kinda shocks me.



malphite
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April 02, 2016, 10:19:37 PM
 #248

America's new debt ceiling - $19,600,000,000,000 (thats in the trillions if you were not sure)

Thats $60,000 debt for every man, woman and child in the country.

Ticking timebomb waiting to blow, keeping the gold nicely polished waiting for the day Smiley


its really massive amount of debt,and i wonder how can america have so many debt,for what purpose that money?and where they get loan?
i know every coutries have debt,but i never see debt as much like that,and i love this fact :
Quote
Thats $60,000 debt for every man, woman and child in the country.

You know for a fact, that theres no chance in hell we will ever pay that back.

Damage is already done, just hope people can see the alternatives and hope bitcoin gets picked up more as we get near halving..

I really see no solution, even if we did tax the rich..etc.
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