Jerome?
Member
 Offline
Activity: 107
Merit: 10
|
 |
October 06, 2014, 09:11:01 AM |
|
The US will never pay back its debts, but that's not necessarily a bad thing. Debt is good to a degree, and the government will just keep printing more money.
Maybe US will pay in carrying black ops for the Chinese. |
|
|
|
|
|
|
|
|
The Bitcoin software, network, and concept is called "Bitcoin" with a capitalized "B". Bitcoin currency units are called "bitcoins" with a lowercase "b" -- this is often abbreviated BTC.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
Zer0p0inT
|
|
October 06, 2014, 09:20:36 AM |
|
The current banking system would make it impossible for the US to pay back the debts, in fiat at least. Long live Bitcoin.
|
SHITCOINS ARE THE FUTURE
|
|
|
panju1
Legendary
Offline
Activity: 1246
Merit: 1000
|
|
October 07, 2014, 04:57:59 AM |
|
The current banking system would make it impossible for the US to pay back the debts, in fiat at least. Long live Bitcoin.
It would be possible only in fiat, not in bitcoin. The US can print dollars to repay its debt, it can't create bitcoins to repay its debt. |
|
|
|
|
|
MichaelBliss
|
|
October 07, 2014, 05:05:16 AM |
|
I didn't read every message in this thread so forgive me if it's already been said but - the USA can always sell their military assets the way the Argentinian ship was, to pay down their debts.
Ships, tanks, nukes, etc.. That would be a start anyway..
|
|
|
|
|
Zendy
Newbie
Offline
Activity: 6
Merit: 0
|
|
October 07, 2014, 06:10:45 AM |
|
1 Word
Never !
|
|
|
|
|
|
MichaelBliss
|
|
October 07, 2014, 03:15:31 PM |
|
Apart from the military assets, the US could sell of a variety of assets to pay what it owes. It's easier being a freeloader though.
|
|
|
|
|
romneymoney
Full Member
Offline
Activity: 193
Merit: 117
HODL
|
|
October 07, 2014, 03:51:44 PM |
|
Why pay it back? There is a whole system of circle jerking money based on borrowing and repaying. People in the super-rich group are happy with this arrangement, so it would be difficult to change.
|
|
|
|
|
MichaelBliss
|
|
October 07, 2014, 03:59:55 PM |
|
Unless there is force or at least the threat of force, you are right. Why should they pay anything back? They have all the guns, why should they care?
One answer: to not look like a horrible risk to future parties buying U.S. bonds etc. I guess that doesn't matter to them either since they print money to buy their own bonds... Yeah, this ain't gonna fall apart, ever!
|
|
|
|
|
|
bitcoin4eva
|
|
October 07, 2014, 04:29:01 PM |
|
As said propably never. They will never have enough money to pay the debts. And I suppose the lenders are not even waiting for their moneys, I guess they aknowledge the situation too  |
|
|
|
|
Twilight_Sparkle
Member
Offline
Activity: 91
Merit: 10
|
|
October 07, 2014, 05:52:51 PM |
|
Never, the only way the government could pay it off in a traditional sense is if they somehow tax [current level of debt] out of the us citizens. That I think will not happen, so they will either default or hyper inflate their debt away.
|
1H8gQ7KEN65pbdtusg28NQ33YWFBPgWAf1
|
|
|
51percemt
Member
Offline
Activity: 86
Merit: 10
|
|
October 08, 2014, 04:15:19 AM |
|
Never, the only way the government could pay it off in a traditional sense is if they somehow tax [current level of debt] out of the us citizens. That I think will not happen, so they will either default or hyper inflate their debt away.
The US will hopefully be able to "grow" their way out of their debt, as in to have their economy grow enough so that the amount of debt shrinks as a percentage of the US economy while keeping their tax rates (and taxes as a percentage of the US economy the same). This will result in them being able to repay their debt |
|
|
|
|
|
LMGTFY
|
|
October 08, 2014, 07:10:17 AM |
|
Never, the only way the government could pay it off in a traditional sense is if they somehow tax [current level of debt] out of the us citizens. That I think will not happen, so they will either default or hyper inflate their debt away.
Or they could reduce public spending. Britain in the early 1980s did this, and the Public Sector Borrowing Requirement became (temporarily) the Public Sector Debt Repayment. |
This space intentionally left blank.
|
|
|
|
bl4kjaguar
|
|
October 08, 2014, 07:41:07 AM |
|
United States is a corporation that extracts money from the people through work, fines, court activities, etc., and funnels it to projects unknown to the people, many of which are military in nature.
In 2011 a UCC filing was made that claimed the arms and legs of Americans as collateral for a loan of $14 QUADRILLION dollars.
We KNOW that ALL value of the current monetary system is based on the Human Beings of this planet. We humans ARE considered "capital" and "collateral", and therefore we ARE "Assets".
|
1CuUwTT21yZmZvNmmYYhsiVocczmAomSVa
|
|
|
Timetwister
Legendary
Offline
Activity: 1199
Merit: 1047
|
|
October 08, 2014, 05:32:34 PM |
|
Maybe they do, but in heavily devalued dollars  |
|
|
|
|
|
DhaniBoy
|
|
October 08, 2014, 05:33:32 PM |
|
for America has an interest in other countries, as long as America became the world's policeman, during the American peacekeepers into the country, as long as America can always influence the foreign policy of other countries, then it will never happen, everything that happens in this world is a conspiracy ...  |
██████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████ |
|
|
elise
Newbie
Offline
Activity: 42
Merit: 0
|
|
October 08, 2014, 05:43:38 PM |
|
its called never lol.
|
|
|
|
|
elise
Newbie
Offline
Activity: 42
Merit: 0
|
|
October 08, 2014, 05:45:13 PM |
|
I forgot to mention. now imagine all the countries who lent the US their own money.
The us uses other countries like a credit card lol.
|
|
|
|
|
|
Robert Paulson
|
|
October 08, 2014, 09:14:55 PM |
|
I forgot to mention. now imagine all the countries who lent the US their own money.
The us uses other countries like a credit card lol.
the only problem is what will it do when the credit card stops working. |
|
|
|
|
Magic8Ball
Legendary
Offline
Activity: 1050
Merit: 1000
|
|
October 09, 2014, 01:59:08 AM |
|
They will never pay. It is the biggest ponzi of all times, and have sucked the entire world in it. It is not going to blow up, either, as the end losers will lose wif it goes, and so will continue pumping their produce in it to make the rich ones fatter.
|
|
|
|
|
redHeadBlunder
Member
Offline
Activity: 81
Merit: 10
|
|
October 09, 2014, 04:06:55 AM |
|
Never, the only way the government could pay it off in a traditional sense is if they somehow tax [current level of debt] out of the us citizens. That I think will not happen, so they will either default or hyper inflate their debt away.
Or they could reduce public spending. Britain in the early 1980s did this, and the Public Sector Borrowing Requirement became (temporarily) the Public Sector Debt Repayment. Public spending in the US is already very low, the lowest it has been in decades. I do not think we can cut pubic spending very much more. It would be better (and necessary) to cut/delay entitlement benefits so that the taxes that pay for entitlements are more closely aligned with the amount of benefits that are paid out, over the long term |
|
|
|
|
|
