When will the USA pay their debts, if ever?

[TaunSew]

What about China's $23 trillion credit bubble?

The whole world is in massive debt, it's fantasy if you think it's just the United States who has a problem. 

[1714676886]

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[1714676886]

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[BTCmoons]

the really sad part is how the American government is so dependent on foreign loans.

http://www.tradingeconomics.com/united-states/government-budget-value

129 billion government deficit just in august, if China doesn't loan any more money either the American army goes starving or the American government plunders its population for money.
America used to be the worlds biggest creditor nation, it has become the debt slave of the Chinese,
when one looks at the data it becomes clear who the real world power is.

Peter Schiff has it right https://www.youtube.com/watch?v=EgMclXX5msc&feature=player_detailpage#t=2417

You got it the wrong way. China will keep producing for USA and continue feeding them as otherwise if it collapse then all the dollars they have is worthless. USA is in a solid position, they buy with dollars which they know the sellers will try and keep propping up.

you assume China will continue throwing good money after bad forever.
they are already working with the BRICS to get rid of the dollar
http://www.standartnews.com/english/read/russia_and_china_team_up_to_destroy_the_petro_dollar-5652.html
the end game is near, once China refuses to accept dollars for products America goes hungry.

China has trillions of dollars worth of both dollars and US government issued debt. If the dollar no longer is a reserve currency then they will end up loosing a lot of money. China has a vested interest in the dollar continuing to be successful

Yes, they are the real losers in all these. Serves them right to have kept up saving up dollars by huge numbers. Now they have to keep on buying dollars to hold it up so that the existing ones they have are not useless.

They have to continue to buy up US dollars because they continue to export goods to the United States, not because the dollar would other wise fall. When a country has a net trade surplus with a country it needs to buy an equivalent amount of the local currency, otherwise it will be a net seller of the currency

[Swordsoffreedom]

What about China's $23 trillion credit bubble?

The whole world is in massive debt, it's fantasy if you think it's just the United States who has a problem. 

Well technically China also holds its own for debt
But you have a poiint
http://www.ft.com/intl/cms/s/0/895604ac-10d8-11e4-812b-00144feabdc0.html

The question though is more how efficient a country is in utilizing its debt and converting it into GDP

[abrahamlitcoin]

Never.. US will pay their debts thru services.

[Robert Paulson]

What about China's $23 trillion credit bubble?

The whole world is in massive debt, it's fantasy if you think it's just the United States who has a problem. 

the United States has the biggest debt, and the biggest trade deficit.
its the biggest parasite in the world, consuming 80 billion USD more than it produces every month.

[BTCmoons]

the really sad part is how the American government is so dependent on foreign loans.

http://www.tradingeconomics.com/united-states/government-budget-value

129 billion government deficit just in august, if China doesn't loan any more money either the American army goes starving or the American government plunders its population for money.
America used to be the worlds biggest creditor nation, it has become the debt slave of the Chinese,
when one looks at the data it becomes clear who the real world power is.

Peter Schiff has it right https://www.youtube.com/watch?v=EgMclXX5msc&feature=player_detailpage#t=2417

You got it the wrong way. China will keep producing for USA and continue feeding them as otherwise if it collapse then all the dollars they have is worthless. USA is in a solid position, they buy with dollars which they know the sellers will try and keep propping up.

you assume China will continue throwing good money after bad forever.
they are already working with the BRICS to get rid of the dollar
http://www.standartnews.com/english/read/russia_and_china_team_up_to_destroy_the_petro_dollar-5652.html
the end game is near, once China refuses to accept dollars for products America goes hungry.

China has trillions of dollars worth of both dollars and US government issued debt. If the dollar no longer is a reserve currency then they will end up loosing a lot of money. China has a vested interest in the dollar continuing to be successful

nothing China can do will make the dollar successful in the sense that you can exchange it for products, America doesn't produce anything anymore and China knows it, they'll have to take a loss there's no way around it.
other countries are starting to sign currency swap deals to trade in their local currencies directly without using dollars, once they stop pricing their products in dollars the game is over.

http://money.cnn.com/2013/10/10/news/economy/ecb-china-currency/

China already signed an agreement with England to swap local currencies and now they do it with the EU, they are not going to continue playing the dollar ponzi, they are actively working on dumping it.

The US still has it's "war machine" which allows it to exert it's influence throughout the world. This includes economic influence. The US economy also produces massive amounts of foreign goods and services (including Chinese goods) so if the US economy were to tank then the Chinese economy would suffer as well

the US war machine buys its oil with borrowed Chinese money.
no Chinese money - no war machine.

if those goods and services are foreign how exactly does the US economy produce them?
if the product is produced in China then thats a chinese product, its bought with yuan, the factory workers are paid in yuan and the taxes are paid in yuan.

if the US economy were to tank the world would be better off.
the US is a net consumer it doesn't produce anywhere near as much as it consumes, it is a burden on the world.

The US consuming more then it produces actually helps the world economy. If it was not for the US demand then there would not be demand for as much labor (read: jobs) as there otherwise would be.

The Chinese economy would suffer if the US were to reduce it's demand for Chinese products, and it has after the past several US economic downturns.

The US has other ways to finance it's budget deficit other then Chinese borrowing, especially in times of war

[Robert Paulson]

the really sad part is how the American government is so dependent on foreign loans.

http://www.tradingeconomics.com/united-states/government-budget-value

129 billion government deficit just in august, if China doesn't loan any more money either the American army goes starving or the American government plunders its population for money.
America used to be the worlds biggest creditor nation, it has become the debt slave of the Chinese,
when one looks at the data it becomes clear who the real world power is.

Peter Schiff has it right https://www.youtube.com/watch?v=EgMclXX5msc&feature=player_detailpage#t=2417

You got it the wrong way. China will keep producing for USA and continue feeding them as otherwise if it collapse then all the dollars they have is worthless. USA is in a solid position, they buy with dollars which they know the sellers will try and keep propping up.

you assume China will continue throwing good money after bad forever.
they are already working with the BRICS to get rid of the dollar
http://www.standartnews.com/english/read/russia_and_china_team_up_to_destroy_the_petro_dollar-5652.html
the end game is near, once China refuses to accept dollars for products America goes hungry.

China has trillions of dollars worth of both dollars and US government issued debt. If the dollar no longer is a reserve currency then they will end up loosing a lot of money. China has a vested interest in the dollar continuing to be successful

nothing China can do will make the dollar successful in the sense that you can exchange it for products, America doesn't produce anything anymore and China knows it, they'll have to take a loss there's no way around it.
other countries are starting to sign currency swap deals to trade in their local currencies directly without using dollars, once they stop pricing their products in dollars the game is over.

http://money.cnn.com/2013/10/10/news/economy/ecb-china-currency/

China already signed an agreement with England to swap local currencies and now they do it with the EU, they are not going to continue playing the dollar ponzi, they are actively working on dumping it.

The US still has it's "war machine" which allows it to exert it's influence throughout the world. This includes economic influence. The US economy also produces massive amounts of foreign goods and services (including Chinese goods) so if the US economy were to tank then the Chinese economy would suffer as well

the US war machine buys its oil with borrowed Chinese money.
no Chinese money - no war machine.

if those goods and services are foreign how exactly does the US economy produce them?
if the product is produced in China then thats a chinese product, its bought with yuan, the factory workers are paid in yuan and the taxes are paid in yuan.

if the US economy were to tank the world would be better off.
the US is a net consumer it doesn't produce anywhere near as much as it consumes, it is a burden on the world.

The US consuming more then it produces actually helps the world economy. If it was not for the US demand then there would not be demand for as much labor (read: jobs) as there otherwise would be.

The Chinese economy would suffer if the US were to reduce it's demand for Chinese products, and it has after the past several US economic downturns.

The US has other ways to finance it's budget deficit other then Chinese borrowing, especially in times of war

You're talking as if labor is not a means but a goal.
why do people work? to produce goods they can trade for other things they want.
what good is it to give your goods to someone who has nothing to give you for it except useless I.O.U papers?
working to produce goods to "sell" to America is as good as working and burning all the goods you produce.

if China doesn't loan the US money the only way to "finance" its budget deficit is by printing more money which will bring hyperinflation.

[Magic8Ball]

Never.. US will pay their debts thru services.

You are a funny guy. Thanks for the laughs.

They will never pay anything back.

[dothebeats]

Never will they pay their debts. Even if they pay or not, nothing will ever happen to them because the world's reserve currency is still in USD. Unless that change..

[panju1]

Never will they pay their debts. Even if they pay or not, nothing will ever happen to them because the world's reserve currency is still in USD. Unless that change..

They won't even try to pay their debts, as long as they rule this world.

[scarsbergholden]

What about China's $23 trillion credit bubble?

The whole world is in massive debt, it's fantasy if you think it's just the United States who has a problem. 

the United States has the biggest debt, and the biggest trade deficit.
its the biggest parasite in the world, consuming 80 billion USD more than it produces every month.

A country consuming more then it produces does not make it a parasite. It means that it has the economic "credit" to be able to borrow such amounts and that it's country is stable enough so that other countries are willing to invest in the US. If this was not the case then currency markets would adjust so that the trade deficit would disappear and the US dollar would be much weaker

[Robert Paulson]

What about China's $23 trillion credit bubble?

The whole world is in massive debt, it's fantasy if you think it's just the United States who has a problem. 

the United States has the biggest debt, and the biggest trade deficit.
its the biggest parasite in the world, consuming 80 billion USD more than it produces every month.

A country consuming more then it produces does not make it a parasite. It means that it has the economic "credit" to be able to borrow such amounts and that it's country is stable enough so that other countries are willing to invest in the US. If this was not the case then currency markets would adjust so that the trade deficit would disappear and the US dollar would be much weaker

a country that consistently for 20 years consumes more than it produces is by definition a parasite, and the world would have had more goods if it didnt exist because its a consistent burden on the world.

[pattu1]

What about China's $23 trillion credit bubble?

The whole world is in massive debt, it's fantasy if you think it's just the United States who has a problem. 

the United States has the biggest debt, and the biggest trade deficit.
its the biggest parasite in the world, consuming 80 billion USD more than it produces every month.

A country consuming more then it produces does not make it a parasite. It means that it has the economic "credit" to be able to borrow such amounts and that it's country is stable enough so that other countries are willing to invest in the US. If this was not the case then currency markets would adjust so that the trade deficit would disappear and the US dollar would be much weaker

a country that consistently for 20 years consumes more than it produces is by definition a parasite, and the world would have had more goods if it didnt exist because its a consistent burden on the world.

Rich men who live off their inherited wealth are parasites?

[faince222]

Never, never, never. Debts of USA is too much big to be payed. Anyway, if USA will begin to sell his oils, there would be a prospect to save the american economy.

[Robert Paulson]

What about China's $23 trillion credit bubble?

The whole world is in massive debt, it's fantasy if you think it's just the United States who has a problem. 

the United States has the biggest debt, and the biggest trade deficit.
its the biggest parasite in the world, consuming 80 billion USD more than it produces every month.

A country consuming more then it produces does not make it a parasite. It means that it has the economic "credit" to be able to borrow such amounts and that it's country is stable enough so that other countries are willing to invest in the US. If this was not the case then currency markets would adjust so that the trade deficit would disappear and the US dollar would be much weaker

a country that consistently for 20 years consumes more than it produces is by definition a parasite, and the world would have had more goods if it didnt exist because its a consistent burden on the world.

Rich men who live off their inherited wealth are parasites?

no, but America isn't a rich man.
its a deadbeat that owes trillions in debts and yet continues to live beyond its means on borrowed money.

[krodmandoon]

America is a rich man, if countries were people. China is nothing more than a labor slave for cheaply made everything. China will never come looking for repayment on our debt to them. Why would they, why would anyone? You must be aware that America does in fact rule the economic policy of the world.

[BTCmoons]

What about China's $23 trillion credit bubble?

The whole world is in massive debt, it's fantasy if you think it's just the United States who has a problem. 

the United States has the biggest debt, and the biggest trade deficit.
its the biggest parasite in the world, consuming 80 billion USD more than it produces every month.

A country consuming more then it produces does not make it a parasite. It means that it has the economic "credit" to be able to borrow such amounts and that it's country is stable enough so that other countries are willing to invest in the US. If this was not the case then currency markets would adjust so that the trade deficit would disappear and the US dollar would be much weaker

a country that consistently for 20 years consumes more than it produces is by definition a parasite, and the world would have had more goods if it didnt exist because its a consistent burden on the world.

Rich men who live off their inherited wealth are parasites?

no, but America isn't a rich man.
its a deadbeat that owes trillions in debts and yet continues to live beyond its means on borrowed money.

A deadbeat is generally considered to be someone who does not pay their debts regardless of their standard of living compared to the standard of living they can afford. The US government has yet to default (not pay) on their debts

[pattu1]

America is a rich man, if countries were people. China is nothing more than a labor slave for cheaply made everything. China will never come looking for repayment on our debt to them. Why would they, why would anyone? You must be aware that America does in fact rule the economic policy of the world.

China's appetite for USD is not infinite. At one point, they will either spend their USD or collect their debt from the US.

[Window2Wall]

America is a rich man, if countries were people. China is nothing more than a labor slave for cheaply made everything. China will never come looking for repayment on our debt to them. Why would they, why would anyone? You must be aware that America does in fact rule the economic policy of the world.

China's appetite for USD is not infinite. At one point, they will either spend their USD or collect their debt from the US.

If it wants to continue to export more goods to the US then it imports then it will need to continue to buy dollars at the current rate. This is especially true if China wants to keep it's currency artificially low, which it does.

[DeadCoin]

Mike Norman explains

http://www.youtube.com/watch?v=AaaQAg5_-f8