The US debt is about to hit $35 trillion.

[Mrbuck]

So at some point we all have to pay ?
Or they can grow it bigger ?
However If debt is taken too easy it will put the value of money in danger rich has a lot money so they most likely want protect value of money since they been working so hard to get money.
So we are close to point when fed will tell ...no new loans before old loans at least some % is returned.
That will increase usd dollar value Because the world Will start to compete with each other to find USD to pay USD debt.
It Seems like china russia and other brics Nation don't want to pay USA debt ....lol 😂
But Europe want to pay Because they are ally of USA

[WillyAp]

So at some point we all have to pay ?
Or they can grow it bigger ?

It can grow much bigger. How much is Miami Worth?
And that's just one city of many. Trillion It's just a number. Don't get scarred from a few digits.
People still trust the $ all over the world, its that powerful that a few nations formed a loose circle, BRICS, to just counterweight it.
So far only vocal, nothing tangible. BRIC is already 10 years in the making. Not much more than meetings have taking place.  

[Hispo]

American debt will continue to grow, I have no doubt about it.
The American government cannot stop asking for money, because the country itself runs on a deficit which still has not been able to solve, in the case the federal government stops asking for money to investors then the country would not be able to function or run as it has already been established, it would be translated on either the federal government increasing taxes substantially or cutting social programs dramatically to reduce the deficit.

On the trust of the United States dollar, people around the world will continue to trust it, regardless of the debt. BRICS is yet to launch their own currency, and keeping in mind of China usually protects their own interest, I doubt they would be willing to participate on it and use any other FIAT different from their Yuan.

[mrust_mobile]

Already started paying. European and American car makers are about to get effed by BYD which can manufacture an electric vehicle for $8-10k. No other car company can compete with BYD’s cost of manufacturing. America itself may not go bankrupt directly but some big companies probably will and that is as bad as the country’s bankruptcy. Imagine Tesla and Ford shutting down or slowing down the production because everybody is buying a new BYD EV  for $15k. Instant death to all car companies.

China doesn’t need to ask for Miami to get its money back. They’ll kill competition and be the only manufacturer. Everyone will be a China slave in the end.

[kryptqnick]

The USA is the one to pay its own debt. Neither BRICS nor the EU will be those paying for it. It will be a burden of the US citizens.
There is a lot of interesting information about the US debt on the official US governmental website. It notes that the US has carried debt from its start, but there were spikes in growth of debt several times throughout history. The debt is now above the GDP, but not by a lot (the ratio is 123%). A big issue is that it already costs a lot (almost $900 billion in 2024) to maintain the current debt. So it's a long-term problem (not an immediate threat of collapse), and it looks like the US doesn't have a strategy of working on it.

[DeathAngel]

This is why we put our wealth in Bitcoin to avoid having too much exposure to the biggest ponzi in history, the fiat monetary system, specifically the USD. It’s time to wake up if you’re still sleeping, there is still time to preserve your wealth before this whole ponzi blows up. 

[AmoreJaz]

The USA is the one to pay its own debt. Neither BRICS nor the EU will be those paying for it. It will be a burden of the US citizens.
There is a lot of interesting information about the US debt on the official US governmental website. It notes that the US has carried debt from its start, but there were spikes in growth of debt several times throughout history. The debt is now above the GDP, but not by a lot (the ratio is 123%). A big issue is that it already costs a lot (almost $900 billion in 2024) to maintain the current debt. So it's a long-term problem (not an immediate threat of collapse), and it looks like the US doesn't have a strategy of working on it.

Quite ironic, people around the world have so called American dream and yet, the country has tons of debts. This goes to show that your path really depends on yourself. Whether the country is rich or poor, it is on your hands how you will strategize to alleviate your living. It is not the country that will dictate your economic status in life.

[Text]

The debt can potentially grow larger, but unchecked growth could threaten the value of money.

This debt load now represents over 120% of the US GDP. If debt continues to grow at an average rate of about $8 billion per day, it could represent 166% of America’s GDP by 2054.

Could it be the pandemic and previous deficits have contributed to this rapid increase?
What do you think are the most effective strategies for tackling the US debt issue?

[Yatsan]

So at some point we all have to pay ?
Or they can grow it bigger ?
However If debt is taken too easy it will put the value of money in danger rich has a lot money so they most likely want protect value of money since they been working so hard to get money.
So we are close to point when fed will tell ...no new loans before old loans at least some % is returned.
That will increase usd dollar value Because the world Will start to compete with each other to find USD to pay USD debt.
It Seems like china russia and other brics Nation don't want to pay USA debt ....lol 😂
But Europe want to pay Because they are ally of USA

Yeah I should agree cause managing debt is actually essential for monetary balance (I even saw these during my previous job as gov't employee), as extra debt can lead to worries approximately the value of money and inflationary rate. If debt isn't monitored carefully, it might fall to undermine foreign money value, making it essential for both people and nations to address debt prudently. For instance, if the U.S. Federal Reserve enforces stricter situations requiring a higher percentage of antique loans to be repaid before issuing new ones, this may affect the U.S. Dollar's value. Increased call for for U.S. Dollars to repay debts should force up its fee. If i remember correctly different countries technique debt reimbursement in a different way, with nations like the BRICS nations possibly resisting U.S. Debt repayments, even as European international locations, as U.S. Allies, would possibly prioritize repaying their money owed to preserve sturdy economic. You can see these even in youtube that geopolitical factors substantially effect international finance, with allies like Europe doubtlessly aiming to strengthen relationships via debt repayments, at the same time as other international locations are trying to find to lessen reliance at the greenback. So in the end, economic policies will replicate a stability of financial, geopolitical, and marketplace issues, as establishments just like the Federal Reserve navigate those complex dynamics to make sure economic stability.

Could it be the pandemic and previous deficits have contributed to this rapid increase?
What do you think are the most effective strategies for tackling the US debt issue?

Yes, the pandemic and earlier deficits have appreciably contributed to the fast development of U.S. debt and also other countries debts. The pandemic precipitated huge authorities spending on stimulus purposes, well-being, and financial help measures, which added to the already growing sovereign debt from pre-present price range deficits.

[pooya87]

So at some point we all have to pay ?

Not all of us. Only Americans and all those people in the countries that import US debt which is almost all the world at least until they finish dedollarizing.
And not at some point, they have been paying every second of every day for every cent that the US regime prints...

Or they can grow it bigger ?

It can and it will.
That's is the nature of Ponzi schemes. They keep on growing bigger until the "bubble" pops and it all comes down crumbling.

However If debt is taken too easy it will put the value of money in danger rich has a lot money so they most likely want protect value of money since they been working so hard to get money.

Actually the "rich" have a lot of assets not exactly fiat.
For example they have real estate, companies, factories, gold, bitcoin, collectibles like expensive paintings, etc. so they don't really care if the "fiat" tanks.

But Europe want to pay Because they are ally of USA

US regime has no allies. They only have enemies and idiots whom they milk. Europe is the later. Since they lack independence, they are forced to "pay" the US regime. We could see this clearly during their energy crisis, US basically forced them to deindustrialize and purchase their super expensive energy instead of buying the ultra cheap energy from sources nearby including Russia and West Asia...

[ChiBitCTy]

Of course Russia , China etc don't want to pay their debt, who does?!  That doesn't mean they aren't and won't moving forward.  The truth of the matter is Russia and China need the US (and vice versa).  A global market without such enemies/buying/selling restrictions is better for the world as a whole and both sides know it.

The US can create such debt because it is hands down the strongest economy on the planet.  The US dollar is also in ZERO chance of losing it's value as the worlds reserve currency.  There isn't a currency even close to getting "in the way" of it being such.  It's such a fallacy to say otherwise.

[el kaka22]

That is not how "debt" works, USA is not in "debt" they are doing fine and this debt that we are talking about is basically being in negative for the whole market, otherwise it is not going to be something they will be forced to pay, plus who could make USA to pay up their debt. Are you not going to accept debt from them? They will just pay you and not ever work with you if you push them, and that would be even worse.

Look at China, it is no shock to anyone that China and USA doesn't like each other, and USA has so much debt to China, and China still can't make USA pay their debts, imagine if USA says they are stopping trade with China today, that would ruin the whole economy that China has, so they can't do it. So you accept debt, and you accept treasury bonds and you just continue your life. Which is why 35 or 55, it doesn't matter how many trillions of dollars they have in debt, they are going to keep on making it growing and growing for a longer period of time.