US Gov. on the brink of defaulting, + National Debt Clock

[wiss19]

when the US central bank (government owned)
and the US treasury(government owned) have a debt between themselves

.. is it truly a debt

Well, it may look silly at first, but when you consider the (smaller) debt that US owes to other countries, any kind of movement in the big debt will send reverberations to all the other national debts. It's not like they can just write off the $31T and pretend that it didn't happen, because other non-government entities have other loans with the central bank and the Federal reserve.

They can't just act as if it doesn't exists, but the problem they have right now is within and not with other nations. It's basically US government saying that you can't be in this much debt to itself, and blocking to get even more debt, and that causes a bit of a trouble, because in order to grow you need to make a debt.

Imagine yourself like a factory owner, you make 10k breads a day, and make 10k dollars in profit, if you take a loan of 1 million dollars, you can buy machines that could make 20k breads, and make you 20k dollars per day, and you can pay the loan back easily, but now you have 1 million dollar in debt, next day, you want to get 10 million in debt and make 100k breads and 100k profit a day, the next day you want 1 billion in .. you see? Other nations are fine with it, because they know USA can pay it back, it's USA within that's arguing it.

[Synchronice]

You know what. That debt clock I’ve seen maybe 20 years ago. They were saying it’s a big issue back then and here we are still 20 years later and it keeps on growing. However it won’t default on its debt. People have been saying for years that it will but it hasn’t happened yet and it won’t.

The debt will be increased like it always does and life will go on. If the us defaulted on debt then every country around the world would be in big trouble and nobody wants that.

You are right, that opinion has been floating for decades but if didn't happen till today, doesn't mean that it won't happen tomorrow, don't be so confident. Internet was never as widespread as it is today and this changes a lot of thing, a person from country A has possibility to know what's happening in country Z and even more people all around the world can discuss about things.
Internet is a great tool to learn about economics too from top-notch books for free. The easiness and widespread availability of news will change the whole scenario.
Countries will soon move on gold because everyone analyzes that it's mistake to depend on the paper that belongs to another country or probably exclusively to FED. If the USA defaults, it will be a terrible experience for every country. Don't forget that the USA exports its debt in another countries and it will be hard for these countries to pay.