Is the US default a reality?

[Faisal2202]

Now all the news is writing about a possible default, is it real in the modern world, or is it information propaganda? How do you feel about this situation and what will happen for the rest of the world.

In my vision, these are all fuds, like, how can a country with the solid economy base on which many other country's economies are dependent? currently, they are facing with the banking crisis, debt ceiling, and many other economic situations but they have faced them in the past too and overcame these problems at that time. Then why now making so much noise out of it? As this is not something new that comes in front of them surprisingly, because it's the result of their actions that they have made and they knew about it, and must be prepared for it.

All I can say is not possible for the US to default as they have a strong economy even if we want to see in the context of acquiring BTC then they have more than 678,436 BTC which worth a lot, and how can a country which has not legalized BTC as legal tender as El-Salvador has done and El-Salvador is decreasing its inflation rate (source) while they have only 2381 BTC.

The point is, the USA has people behind it that can do anything to save their assets and they will come up with any policy to save it.

[1714892235]

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[1714892235]

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[Fortify]

Now all the news is writing about a possible default, is it real in the modern world, or is it information propaganda? How do you feel about this situation and what will happen for the rest of the world, you should be afraid of inflation or subsidence of the entire market. how to act in this situation and not lose money? It is worth now to run to withdraw money from the account or change it to the currency of other states. What kind of alignment awaits and what to analyze in general. Perhaps the extreme situation is a technical default, which does not pose a particular threat, but you need to prepare for non-standard options for the development of events.

It's quite damaging that these debt ceiling negotiations keep coming up every few years because it seems that politics has been increasingly polarizing over the last decade. At some point the political parties will get so far apart and cause so much friction between themselves, that they will fail to negotiate on raising it. This would have massive repercussions to American power around the world if it ever did happen in the fullest sense. As huge amounts of American debt, which is considered one of the most reliable in the world, would suddenly become shaky and potentially cause massive ripples. There have been backup options discussed in the past but they are just sticking plastic measures, like the President issuing a 1 trillion dollar coin to the US treasury/

[fuguebtc]

Now all the news is writing about a possible default, is it real in the modern world, or is it information propaganda? How do you feel about this situation and what will happen for the rest of the world.

In my vision, these are all fuds, like, how can a country with the solid economy base on which many other country's economies are dependent? currently, they are facing with the banking crisis, debt ceiling, and many other economic situations but they have faced them in the past too and overcame these problems at that time. Then why now making so much noise out of it? As this is not something new that comes in front of them surprisingly, because it's the result of their actions that they have made and they knew about it, and must be prepared for it.

All I can say is not possible for the US to default as they have a strong economy even if we want to see in the context of acquiring BTC then they have more than 678,436 BTC which worth a lot, and how can a country which has not legalized BTC as legal tender as El-Salvador has done and El-Salvador is decreasing its inflation rate (source) while they have only 2381 BTC.

The point is, the USA has people behind it that can do anything to save their assets and they will come up with any policy to save it.

I agree with you that the US will not default on its debt, and all this news is nothing but a joke by US politicians. But how can you bring in bitcoin, and just because they own 678,436 BTC, they won't default? The total capitalization of the entire crypto industry is just over 1 trillion dollars, and that number is even smaller than the total capitalization of their companies like Apple or Microsoft. That amount may be huge for 3rd world countries like El-Salvador, but it is nothing compared to the US economy. Even if they hold all 21 million bitcoins, it won't be able to save their economy if it collapses.

[yhiaali3]

If you mean the US default related to the debt ceiling crisis, I don't think there is any fear at the moment, they often save the situation at the last minute.

But in general, The collapse of the US economy means the collapse of the global economy as a whole because the global economy is linked to the US dollar, so the best solution in this case is to resort to saving gold or bitcoin.

[ftopikit]

Now all the news is writing about a possible default, is it real in the modern world, or is it information propaganda? How do you feel about this situation and what will happen for the rest of the world, you should be afraid of inflation or subsidence of the entire market. how to act in this situation and not lose money? It is worth now to run to withdraw money from the account or change it to the currency of other states. What kind of alignment awaits and what to analyze in general. Perhaps the extreme situation is a technical default, which does not pose a particular threat, but you need to prepare for non-standard options for the development of events.

Biden's recent interview was where he clearly says that he will not allow default to occur. But one bank has already gone down, how will the others behave, I eat more or less large ones. It will be difficult for them to borrow from each other in this vicious circle, except to borrow from ordinary people. Take their deposits temporarily.

[Negotiation]

The economy of the United States is a highly developed country with a mixed economy. There will be no US default, they can adapt to any situation. The central role of the US dollar in the global economy despite the waning of US political and strategic control on the international stage, the dollar has once again asserted itself as a more durable currency than previously thought. The central bank has also taken supportive steps to maintain the dollar-based monetary system of the Federal Reserve, indicating a longer US controlled financial system.

[DrBeer]

The "US default", like the mantra "look at the domestic debt of the USA" is a CLASSIC attempt to divert the attention of their peoples from their real problems (almost hopeless). There is such a technology - to shift attention, by describing a negative scenario for the development of the situation with the "enemy".
And rogue countries are trying to use this long-obsolete technology to only divert attention from the pressing problems of their system, economy and other problems. "We need an external enemy. And our invented victories" - this is the technology for managing a disenfranchised society!

[Hamza2424]

I am not much aware of the US economic current problems baseline and I have no idea on which grounds you are talking. Still, it is in my sharing that the US unofficially defaulted due to the collapse of the banking system which is a reality because the US banking system wastes the backbone of the economy but most of the central banks got bankrupt. More news is in the hype that a few will be on the way to bankruptcy which indicates this News to be true. You can say that the US technically defaults if the news is legit but they haven't declared it yet, and they will not declare it in the near future as well this is my opinion on it because it is absolutely an alternative way they are gonna prefer to save the economy.

The "US default", like the mantra "look at the domestic debt of the USA" is a CLASSIC attempt to divert the attention of their peoples from their real problems (almost hopeless). There is such a technology - to shift attention, by describing a negative scenario for the development of the situation with the "enemy".
And rogue countries are trying to use this long-obsolete technology to only divert attention from the pressing problems of their system, economy and other problems. "We need an external enemy. And our invented victories" - this is the technology for managing a disenfranchised society!

The logic seems to be acceptable, lest wait and watch the scenario.

[STT]

Soft default is a reality, hard default is speculative.   France just soft defaulted on its pension obligations to much protest but that will go ahead as they cannot afford to pay excess costs.
   A soft default is gradual, a reduction in value not agreed but nominally repaid perhaps.  The inflation and failure to retain value in currency is so regular the FED aims for it to be consistent as a target to achieve.   This is a soft default, currencies paper or otherwise are designed to hold value not lose it on purpose.  Hard default would be absolute zero tomorrow, the paper or cotton dollar would only be worth the value of 2nd hand cotton not so much.   In the great depression when they ate the grain, they used the bag as clothes for kids thats the kind of event likely in a default scenario.

[benalexis12]

Now all the news is writing about a possible default, is it real in the modern world, or is it information propaganda? How do you feel about this situation and what will happen for the rest of the world, you should be afraid of inflation or subsidence of the entire market. how to act in this situation and not lose money? It is worth now to run to withdraw money from the account or change it to the currency of other states. What kind of alignment awaits and what to analyze in general. Perhaps the extreme situation is a technical default, which does not pose a particular threat, but you need to prepare for non-standard options for the development of events.

Almost all countries in the world today are facing and suffering the effects of inflation, and all of that depends on the skill of the leader of each country. If the leader can show concern for the people under his jurisdiction, for sure he will be able to manage his country correctly and he will know what to do correctly despite facing this inflation rate.

[slapper]

The "US default", like the mantra "look at the domestic debt of the USA" is a CLASSIC attempt to divert the attention of their peoples from their real problems (almost hopeless). There is such a technology - to shift attention, by describing a negative scenario for the development of the situation with the "enemy".
And rogue countries are trying to use this long-obsolete technology to only divert attention from the pressing problems of their system, economy and other problems. "We need an external enemy. And our invented victories" - this is the technology for managing a disenfranchised society!

I do agree that there's a psychological magic trick being performed here. Nations and their leaders have been known to employ misdirection, much like a magician uses a flourish to divert the audience's attention from the secret sleight of hand. It's the oldest trick in the book – if the internal situation gets rough, create a common enemy or a looming threat. The "US default" narrative maybe an interesting example of this strategy. This narrative often exaggerates the scale of the US debt issue to the point of impending doom. However, such narratives conveniently ignore the fact that the US dollar serves as the world's reserve currency and the high demand for US Treasury bonds.

Now, I don't want to come off as a jester trivializing a serious matter. Of course, the size of the US debt is significant and warrants close attention. But to frame it as an impending catastrophe often serves as a distraction from more immediate internal issues within nations employing this narrative. It's like obsessing over a distant storm cloud while ignoring the leaking roof directly above. Let's remember to laugh a little at the absurdity of it all, but not forget the essential truth it hides.

[be.open]

The "US default", like the mantra "look at the domestic debt of the USA" is a CLASSIC attempt to divert the attention of their peoples from their real problems (almost hopeless). There is such a technology - to shift attention, by describing a negative scenario for the development of the situation with the "enemy".
And rogue countries are trying to use this long-obsolete technology to only divert attention from the pressing problems of their system, economy and other problems. "We need an external enemy. And our invented victories" - this is the technology for managing a disenfranchised society!

I do agree that there's a psychological magic trick being performed here. Nations and their leaders have been known to employ misdirection, much like a magician uses a flourish to divert the audience's attention from the secret sleight of hand. It's the oldest trick in the book – if the internal situation gets rough, create a common enemy or a looming threat. The "US default" narrative maybe an interesting example of this strategy. This narrative often exaggerates the scale of the US debt issue to the point of impending doom. However, such narratives conveniently ignore the fact that the US dollar serves as the world's reserve currency and the high demand for US Treasury bonds.

Now, I don't want to come off as a jester trivializing a serious matter. Of course, the size of the US debt is significant and warrants close attention. But to frame it as an impending catastrophe often serves as a distraction from more immediate internal issues within nations employing this narrative. It's like obsessing over a distant storm cloud while ignoring the leaking roof directly above. Let's remember to laugh a little at the absurdity of it all, but not forget the essential truth it hides.

Treasury confirms U.S. default as early as June 1 without debt ceiling hike

How Wall Street is preparing for possible US debt default

upd:

In general, the story of raising the debt ceiling is like a fucking circus. I think few doubt that at the last moment a solution will be found, the world will once again be saved from the collapse of the dollar, everyone will hug, drink champagne and launch fireworks into the sky. Why do we need such a world order, which is tied to the internal movements of a separate country with a not quite sane elite and a bubble economy?

[Minor Miner]

Now all the news is writing about a possible default, is it real in the modern world, or is it information propaganda? How do you feel about this situation and what will happen for the rest of the world, you should be afraid of inflation or subsidence of the entire market. how to act in this situation and not lose money? It is worth now to run to withdraw money from the account or change it to the currency of other states. What kind of alignment awaits and what to analyze in general. Perhaps the extreme situation is a technical default, which does not pose a particular threat, but you need to prepare for non-standard options for the development of events.

It's quite damaging that these debt ceiling negotiations keep coming up every few years because it seems that politics has been increasingly polarizing over the last decade. At some point the political parties will get so far apart and cause so much friction between themselves, that they will fail to negotiate on raising it. This would have massive repercussions to American power around the world if it ever did happen in the fullest sense. As huge amounts of American debt, which is considered one of the most reliable in the world, would suddenly become shaky and potentially cause massive ripples. There have been backup options discussed in the past but they are just sticking plastic measures, like the President issuing a 1 trillion dollar coin to the US treasury/

If we talk about politics in the U.S., I really find this to be the country with the most chaotic politics, the parties are constantly fighting and using all means to vie for power. The 2020 election riots are an unprecedented shame for the US government. If it continues to use its power in that way, the United States will become more and more divided than is almost certain, and that will be the factor in America's loss of world leadership.

Regarding the US government default, I like everyone else, I don't believe it will happen, what is happening is just a show, and they are scaring the world. If they default, the world economy will also end.

[DrBeer]

The "US default", like the mantra "look at the domestic debt of the USA" is a CLASSIC attempt to divert the attention of their peoples from their real problems (almost hopeless). There is such a technology - to shift attention, by describing a negative scenario for the development of the situation with the "enemy".
And rogue countries are trying to use this long-obsolete technology to only divert attention from the pressing problems of their system, economy and other problems. "We need an external enemy. And our invented victories" - this is the technology for managing a disenfranchised society!

I do agree that there's a psychological magic trick being performed here. Nations and their leaders have been known to employ misdirection, much like a magician uses a flourish to divert the audience's attention from the secret sleight of hand. It's the oldest trick in the book – if the internal situation gets rough, create a common enemy or a looming threat. The "US default" narrative maybe an interesting example of this strategy. This narrative often exaggerates the scale of the US debt issue to the point of impending doom. However, such narratives conveniently ignore the fact that the US dollar serves as the world's reserve currency and the high demand for US Treasury bonds.

Now, I don't want to come off as a jester trivializing a serious matter. Of course, the size of the US debt is significant and warrants close attention. But to frame it as an impending catastrophe often serves as a distraction from more immediate internal issues within nations employing this narrative. It's like obsessing over a distant storm cloud while ignoring the leaking roof directly above. Let's remember to laugh a little at the absurdity of it all, but not forget the essential truth it hides.

I already wrote once - I was born in the USSR
And this narrative already then climbed out of "all sockets"
What else was left for a country that threw all its forces into militarization and propaganda, but did nothing for the local population. We needed "reasons", and even then they drove it into everyone's heads that:
1. The West is to blame
2. But the West is weak and will soon lose to the "great socialist country"

But as I say, singing mantras that are pleasing to the ears does not change reality. The USSR is no more. This mantra was picked up by everyone who cannot improve their lives, but at least some justification is needed, and some kind of HOPE that since you are bad, the "enemy" will also be bad

Although the image of the enemy is formed for the primitive local population, and the ruling elites are happy to accumulate savings in dollars, live and study in the United States, do business there ... And laugh at their slaves, who blame the "damned West" for everything and wait " the collapse of the United States" Nothing complicated - just manipulation of the consciousness of a not very smart part of the population ...

PS The funny thing is that many lovers of noodles on their ears think that even if the United States declares a technical default, nothing will essentially happen for the United States and its citizens But from countries screaming about the collapse of the United States, life for the population will most likely worsen

[dansus021]

One thing is sure that they are not going to default especially on this time, they would probably will raise the debt ceiling like the usually happen. In the other hand US is big country with number one in military and economic and default is not their option right now. The Congress might already think about it.

[DrBeer]

upd:

In general, the story of raising the debt ceiling is like a fucking circus. I think few doubt that at the last moment a solution will be found, the world will once again be saved from the collapse of the dollar, everyone will hug, drink champagne and launch fireworks into the sky. Why do we need such a world order, which is tied to the internal movements of a separate country with a not quite sane elite and a bubble economy?

Absolutely agree about the circus!
Rather, it's even a show for those who have nothing to do and want to play the role of politician/prophet/expert. That's the show!

About "Why do we need such a world order, tied to the internal movements of a separate country with a not quite intelligent elite and a bubble economy?"
I don't agree. The arguments are simple and clear:
1. The elites may or may not seem sane to us, and the economy is a bubble, but.. the US economy and the US state itself - the last decades - the world leader is mostly directed, and there is no alternative in sight yet. Bad democracy is much better than ideal totalitarianism, or some bloodthirsty and really inadequate regime.
2. The world order is not built by the USA, but by the whole world. And it is more convenient for the world. Do you have an alternative? I understand China that way? So this is a totalitarian country, with a lot of debt, and total dependence on technologies from the "bubble economy" The EU - for the most part, adheres to the existing system and world order.

PS Are there any other subjects who could play the role of a new world leader? Seriously?

[be.open]

upd:

In general, the story of raising the debt ceiling is like a fucking circus. I think few doubt that at the last moment a solution will be found, the world will once again be saved from the collapse of the dollar, everyone will hug, drink champagne and launch fireworks into the sky. Why do we need such a world order, which is tied to the internal movements of a separate country with a not quite sane elite and a bubble economy?

Absolutely agree about the circus!
Rather, it's even a show for those who have nothing to do and want to play the role of politician/prophet/expert. That's the show!

About "Why do we need such a world order, tied to the internal movements of a separate country with a not quite intelligent elite and a bubble economy?"
I don't agree. The arguments are simple and clear:
1. The elites may or may not seem sane to us, and the economy is a bubble, but.. the US economy and the US state itself - the last decades - the world leader is mostly directed, and there is no alternative in sight yet. Bad democracy is much better than ideal totalitarianism, or some bloodthirsty and really inadequate regime.
2. The world order is not built by the USA, but by the whole world. And it is more convenient for the world. Do you have an alternative? I understand China that way? So this is a totalitarian country, with a lot of debt, and total dependence on technologies from the "bubble economy" The EU - for the most part, adheres to the existing system and world order.

PS Are there any other subjects who could play the role of a new world leader? Seriously?

You somehow manage to scold totalitarianism in an incomprehensible way for me and at the same time you do not see an alternative to the unipolar model of the world with a single leader. The alternative to the world leadership of the bankrupt US is not the leadership of China, or Russia, or India, or Guatemala, or anyone else. This is not about changing the leader within the framework of the previous paradigm, which has long outlived itself and failed again, but about changing the paradigm itself.

ps Debt-ceiling talks stall amid revolt from Kevin McCarthy’s right flank

[odolvlobo]

We are getting close.

The Secretary of the Treasury says that June 1 is the date that the U.S. will begin defaulting on debt. That day is only one week away.

Also, note that even if some agreement is reached before June 1, it still may be too late to prevent a default because bureaucracy moves slowly and the government may not be able to start making payments in time.

[durop77]

Headlines screaming US teetering on the financial cliff? Drama, folks, pure drama! Media loves a show. Could Uncle Sam default? In theory, sure. But in reality? That's another kettle of fish. Imagine the US economy as a mega ship – it might get a bit wet, but sinking? Not without a fight! And a US default? It'd send shockwaves worldwide, something the big shots would dodge like a bullet. So, should you be racing to the bank, ready to snatch all your dough? Doubt it. Spread your bets, keep an eagle eye on the economic pulse, and don't let the media circus spook you. Remember, panic is the worst money manager ever!

So the media are catching up with panic, and such a big ship with such an economy if it collapses, then a chain of evo-returns will simply be launched and the markets of this world will be showered. I believe that these headlines are needed to distract attention from other news happening in the world. So that people create even more panic. A distraction to draw attention to simpler problems .

[ftopikit]

It is worth reading only proven information channels. Since information chaos is everywhere, one channel has one thing, another has another. You should also read between the lines so that you don't post any nonsense yourself. Default is impossible in such a big country, it's like a barrel, everything will explode.