US Debt Has Exploded

[Capitascism]

Debt is not problem at all. Debt is instrument of slavery!
And if you cannot repay your debt you can lose everything even freedom.
How to overcome this? Who creating this situation?

[darkangel11]

Debt is not problem at all. Debt is instrument of slavery!
And if you cannot repay your debt you can lose everything even freedom.
How to overcome this? Who creating this situation?

Debt starts to be a problem when a country has to pay it back not an individual. It can start an unemployment crisis and lead to a wave of bankruptcies.

[mrflibblehat]

I think debt is the US in intentional.
From what I understood even if you have money (cash) and a clean record you cannot buy stuff there.
You have to have a loan first and pay it back, thus creating a history that represents the fact that you are indeed the kind of person that is capable to pay a loan back, then you can get a credit card, because without one you can't get internet subscription, energy subscription, you can't rent a place and so on.

[Moneyburner]

The big debt numbers are scary and ultimately no good, however I'm more concerned with the credit drop we saw a year or two ago

[botany]

US will bring whole world to knees when their bubble burst!
And i don't know if anything can be done to stop this madness..

Ofcourse every country have debt. Its not weird.
But now they have made it known, therefore there is now a fuss about.

All countries have debt, but the US is different because
1) Its sheer scale. If the US sneezes, the rest of the world catches a cold.
2) The US debt is denominated in its own currency - USD. So technically they can devalue their currency (print more dollars) and repay the debt.

Only as long as partner countries continue to participate in the ponzi scheme. Eventually they will be forced to withdraw.

They have huge investments in USD now.
They have vested interests in ensuring that the dollar stays strong. They won't rock the boat.

[yvv]

US will bring whole world to knees when their bubble burst!
And i don't know if anything can be done to stop this madness..

Ofcourse every country have debt. Its not weird.
But now they have made it known, therefore there is now a fuss about.

All countries have debt, but the US is different because
1) Its sheer scale. If the US sneezes, the rest of the world catches a cold.
2) The US debt is denominated in its own currency - USD. So technically they can devalue their currency (print more dollars) and repay the debt.

Only as long as partner countries continue to participate in the ponzi scheme. Eventually they will be forced to withdraw.

They have huge investments in USD now.
They have vested interests in ensuring that the dollar stays strong. They won't rock the boat.

Don't worry. There is always an idiot on the boat who will.

[zivone]

The largest portion of U.S. debt, 68 cents for every dollar or about $10 trillion, is owned by individual investors, corporations, state and local governments and, yes, even foreign governments such as China that hold Treasury bills, notes and bonds.To put China's ownership of U.S. debt in perspective, its holding of $1.2 trillion is even larger than the amount owned by American households.

It's always China... I am imagining what would happen if China controls US in the future...

[yvv]

The largest portion of U.S. debt, 68 cents for every dollar or about $10 trillion, is owned by individual investors, corporations, state and local governments and, yes, even foreign governments such as China that hold Treasury bills, notes and bonds.To put China's ownership of U.S. debt in perspective, its holding of $1.2 trillion is even larger than the amount owned by American households.

It's always China... I am imagining what would happen if China controls US in the future...

You will see some beautiful colors in New York and California.

https://www.google.com/search?q=communist+party+of+china&client=ubuntu&hs=Rj0&channel=fs&source=lnms&tbm=isch&sa=X&ved=0ahUKEwjm6uz3-M3KAhVCdR4KHUN9BwEQ_AUICCgC&biw=1237&bih=657

)

Edit: And be sure these ugly colors will go to hell:

https://www.google.com/search?q=%D0%BF%D0%B8%D0%B4%D0%B5%D1%80%D1%81%D1%82%D1%8B+%D1%84%D0%BB%D0%B0%D0%B3&client=ubuntu&hs=Pm0&channel=fs&source=lnms&tbm=isch&sa=X&ved=0ahUKEwiCouHP-c3KAhVG6x4KHV3CC68Q_AUIBygB&biw=1237&bih=657#channel=fs&tbm=isch&q=gay+flag

MWHAHAHA!!!

[zivone]

The largest portion of U.S. debt, 68 cents for every dollar or about $10 trillion, is owned by individual investors, corporations, state and local governments and, yes, even foreign governments such as China that hold Treasury bills, notes and bonds.To put China's ownership of U.S. debt in perspective, its holding of $1.2 trillion is even larger than the amount owned by American households.

It's always China... I am imagining what would happen if China controls US in the future...

You will see some beautiful colors in New York and California.

https://www.google.com/search?q=communist+party+of+china&client=ubuntu&hs=Rj0&channel=fs&source=lnms&tbm=isch&sa=X&ved=0ahUKEwjm6uz3-M3KAhVCdR4KHUN9BwEQ_AUICCgC&biw=1237&bih=657

)

Edit: And be sure these ugly colors will go to hell:

https://www.google.com/search?q=%D0%BF%D0%B8%D0%B4%D0%B5%D1%80%D1%81%D1%82%D1%8B+%D1%84%D0%BB%D0%B0%D0%B3&client=ubuntu&hs=Pm0&channel=fs&source=lnms&tbm=isch&sa=X&ved=0ahUKEwiCouHP-c3KAhVG6x4KHV3CC68Q_AUIBygB&biw=1237&bih=657#channel=fs&tbm=isch&q=gay+flag

MWHAHAHA!!!

And they will bring this with them there...

https://www.google.com/search?q=communist+party+of+china&client=ubuntu&hs=Rj0&channel=fs&source=lnms&tbm=isch&sa=X&ved=0ahUKEwjm6uz3-M3KAhVCdR4KHUN9BwEQ_AUICCgC&biw=1237&bih=657#channel=fs&tbm=isch&q=china+pollution

[yvv]

The largest portion of U.S. debt, 68 cents for every dollar or about $10 trillion, is owned by individual investors, corporations, state and local governments and, yes, even foreign governments such as China that hold Treasury bills, notes and bonds.To put China's ownership of U.S. debt in perspective, its holding of $1.2 trillion is even larger than the amount owned by American households.

It's always China... I am imagining what would happen if China controls US in the future...

You will see some beautiful colors in New York and California.

https://www.google.com/search?q=communist+party+of+china&client=ubuntu&hs=Rj0&channel=fs&source=lnms&tbm=isch&sa=X&ved=0ahUKEwjm6uz3-M3KAhVCdR4KHUN9BwEQ_AUICCgC&biw=1237&bih=657

)

Edit: And be sure these ugly colors will go to hell:

https://www.google.com/search?q=%D0%BF%D0%B8%D0%B4%D0%B5%D1%80%D1%81%D1%82%D1%8B+%D1%84%D0%BB%D0%B0%D0%B3&client=ubuntu&hs=Pm0&channel=fs&source=lnms&tbm=isch&sa=X&ved=0ahUKEwiCouHP-c3KAhVG6x4KHV3CC68Q_AUIBygB&biw=1237&bih=657#channel=fs&tbm=isch&q=gay+flag

MWHAHAHA!!!

And they will bring this with them there...

https://www.google.com/search?q=communist+party+of+china&client=ubuntu&hs=Rj0&channel=fs&source=lnms&tbm=isch&sa=X&ved=0ahUKEwjm6uz3-M3KAhVCdR4KHUN9BwEQ_AUICCgC&biw=1237&bih=657#channel=fs&tbm=isch&q=china+pollution

Sure, pollution is where production is. They would not mind to share some of their pollution with US consumers of Chinese goods for sure.

[DrLove2048]

US is very debt driven society, you need to have good credit to buy anything on credit, but you can't do that until you have credit. whole thing is a mess

[btckold24]

this whole country has been run by morons the last 50 years.

The fact that we are in this crazy debt but still help other countries is moronic.
Lets help ourself first and get out of debt.

[yvv]

this whole country has been run by morons the last 50 years.

The fact that we are in this crazy debt but still help other countries is moronic.
Lets help ourself first and get out of debt.

The fact is that you are not helping other countries. You government wastes your money to establish prostitute dictatorships around the world. This is the reason why common people start to hate you, common Americans. You have to do something about it.

[mOgliE]

this whole country has been run by morons the last 50 years.

The fact that we are in this crazy debt but still help other countries is moronic.
Lets help ourself first and get out of debt.

What other country are you helping? Cause here in Europe we'd rather let you go back to your continent please... 

[arbitrage]

this whole country has been run by morons the last 50 years.

The fact that we are in this crazy debt but still help other countries is moronic.
Lets help ourself first and get out of debt.

No they are not morons! They are just puppets!
They are just profession actors like Ronald Reagan, Arnold Schwarzenegger..
They just doing what they must! Do you know who runs this world?

[Kenid]

The big debt numbers are scary and ultimately no good, however I'm more concerned with the credit drop we saw a year or two ago

The US banks have lent a lot of money to oil companies. Some of these debt will not be repaid due to the low oil price. It might affect the whole banking system.

[AtheistAKASaneBrain]

QE4 is coming soon. USA and EUR and CHN will keep getting deeper and deeper into their own demise no matter how high or low the price of their currencies go, the only way is down, and we are going to be getting closer to the final crash day by day. No amount of QE can save this this flawed system.

[arbitrage]

If you watch through history always when there is global crisis you can expect some war for dominance for world resources. This time this is oil, Tomorrow we will have war for water..We humans are doomed to failure!

[mOgliE]

If you watch through history always when there is global crisis you can expect some war for dominance for world resources. This time this is oil, Tomorrow we will have war for water..We humans are doomed to failure!

Not sure it will be for water. Water is a problem only for some countries.

But did anyone watched The Big Short? It says that the genius who predicted the subprimes crisis is currently investing only in water related business!

[yvv]

US economy

http://img0.joyreactor.com/pics/post/USA-economy-gif-2825882.gif