When will the USA pay their debts, if ever?

[NotLambchop]

Educate yourself:  http://en.wikipedia.org/wiki/List_of_countries_by_external_debt

The whole world is trying to scam the whole world

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[CBG81]

the short reply would be .... Never...

they will just keep on printing money and Gov bonds, which will only increase such dept.

You know that the debt is denominated in the very same USD that's being printed, right?

yes i do, and your point being...?

The point being that if I owe you USD, and I print USD, I can ask the guy running my printing presses to print up whatever it is I owe you & give it to you.
Debt paid, easy peasy

no that will only increase more debt long term... coz the money you print has no collateral ... youll get more money in circulation which will result in devaluation of the currency , which will unltimately increase the remaining debt

[BitcoinFreak12]

the short reply would be .... Never...

they will just keep on printing money and Gov bonds, which will only increase such dept.

You know that the debt is denominated in the very same USD that's being printed, right?

yes i do, and your point being...?

The point being that if I owe you USD, and I print USD, I can ask the guy running my printing presses to print up whatever it is I owe you & give it to you.
Debt paid, easy peasy

no that will only increase more debt long term... coz the money you print has no collateral ... youll get more money in circulation which will result in devaluation of the currency , which will unltimately increase the remaining debt

It has collateral, but very low, i think its 1-2% in the USA now. Really funny a the Dod-frank act that they`ve pushed actually was intended to decrease the leverage banks used to prevent any new collapses, yet the reserve requirement was lowered to 1 or 2% i dont remember.

Funny, do what i say not what i do, what hypocrites are these politicians 

[NotLambchop]

the short reply would be .... Never...

they will just keep on printing money and Gov bonds, which will only increase such dept.

You know that the debt is denominated in the very same USD that's being printed, right?

yes i do, and your point being...?

The point being that if I owe you USD, and I print USD, I can ask the guy running my printing presses to print up whatever it is I owe you & give it to you.
Debt paid, easy peasy

no that will only increase more debt long term... coz the money you print has no collateral ... youll get more money in circulation which will result in devaluation of the currency , which will unltimately increase the remaining debt

I do not owe gold or Japanese Yen, I owe the very same worthless paper that I print: teh Glorious USD.
Lrn 2 unit of account.

[picolo]

the plan was'nt ever to pay it back....

Scammers borrow money with the intention of never paying it back....on a small scale that is true and on this large scale it is no different.

They borrow not thinking about repayment or thinking they will inflate the currency to repay. As a whole a nation can borrow and the children will need to reimburse which is illegal for a private citizen. Imagine if you could go to the bank, take a loan to buy a tv and ask the repayments to be maid by your unborn children.

[cbeast]

Quod est inferius est sicut quod est superius, et quod est superius est sicut quod est inferius
Whatever is below is similar to that which is above.

People will imitate their leaders. The addiction to debt is destroying nations, destroying communities, and destroying families. It must be stopped before it destroys our species.

[CBG81]

the short reply would be .... Never...

they will just keep on printing money and Gov bonds, which will only increase such dept.

You know that the debt is denominated in the very same USD that's being printed, right?

yes i do, and your point being...?

The point being that if I owe you USD, and I print USD, I can ask the guy running my printing presses to print up whatever it is I owe you & give it to you.
Debt paid, easy peasy

no that will only increase more debt long term... coz the money you print has no collateral ... youll get more money in circulation which will result in devaluation of the currency , which will unltimately increase the remaining debt

It has collateral, but very low, i think its 1-2% in the USA now. Really funny a the Dod-frank act that they`ve pushed actually was intended to decrease the leverage banks used to prevent any new collapses, yet the reserve requirement was lowered to 1 or 2% i dont remember.

Funny, do what i say not what i do, what hypocrites are these politicians 

they sure are hypocrites... Did not know about that collateral in the US of A, was talking more from the general economic perspective where the known fact is that printing money only leads to devaluation of the ( any ) currency and produces an increased inflation.
More money in circulation, but its worth less, the prices then sky rocketing and the debt will only raise .

[Amph]

they will pay them now with bitcoin, they will not be able to steal money to people

[Q7]

the short reply would be .... Never...

they will just keep on printing money and Gov bonds, which will only increase such dept.

You know that the debt is denominated in the very same USD that's being printed, right?

yes i do, and your point being...?

The point being that if I owe you USD, and I print USD, I can ask the guy running my printing presses to print up whatever it is I owe you & give it to you.
Debt paid, easy peasy

Debt paid but it will have dire consequences.

What if bitcoin is a long term secret plan from the us government to destroy the debt? bitcoin gets mass adoption first then usd goes freefall, bye bye debt

No because it's open source, it has no backdoors, so why would the control maniacs give up the power above the currency?

It makes no sense.

Plus, the media propaganda always speaks badly about the Bitcoin, if it were a government false flag, then it would be cheered by wallstreeters and media propagandists.

He is arguing that if the government had created bitcoin, they did so to cause the value of the dollar to fall so the government can repay their debt with money that is worth much less.

I agree that this logic does not make sense because the government would give up control of their monetary policy and it would be difficulty to prevent bank runs in times of economic crisis.

It would be better for the government to have a strong Dollar while creating a lot of it.

Governments tend to want to have a weaker currency (to a point) because having a weak currency means that their country's economy has advantages over their trading partner's economies which results in higher domestic economic growth which results in higher tax revenue for the country, which results in a more of an ability to repay their national debt

You are right that right now governments in the West are looking to have a weak currency but I don't think it has the advantages they say it has.

Having a weak currency has its advantages especially for countries which are net exporters. Sometimes currencies exchange rate are manipulated in situations where they expect to have trade surplus for that month.

[sumantso]

Why would they pay off their debt? Its a pretty sweat deal they are having going on at the moment. They will simply keep printing more and more dollars and there are more suckers out there willing to give up their products and services produced with hard work for those Benjamins.

[picolo]

Why would they pay off their debt? Its a pretty sweat deal they are having going on at the moment. They will simply keep printing more and more dollars and there are more suckers out there willing to give up their products and services produced with hard work for those Benjamins.

As they go more in debt, they spend more and promise more "free" money which will be a problem when they can't deliver the money easily anymore.

[C10H15N]

Why would we do that?  Our debt is the world's most popular investment.   

[picolo]

Why would we do that?  Our debt is the world's most popular investment.   

It was very popular but the biggest non US buyers are not buying more when the new debt available is growing. The system will likely fail slowly or violently as the Yuan and other commodities replace at least partially the Dollar as the international currency.

[BitcoinFreak12]

Why would we do that?  Our debt is the world's most popular investment.   

Not anymore, the BRICS is a serious threat to the US debt ponzi scheme, i`m on neither site here to be clear, but if China and Russia will load up on gold, while Switzerland and other countries reject it, then its obvious who will win the next economic crisis.

Of course china has its own real estate bubble and russia has problems with oil, but overall the us has the biggest problem, which is its debt, if russia and others will denomitate their oil ,gas and other stuff in Yuan then the USA is pretty much fked.

It will be a political fight aswell, EU will be always pro USA, and non-EU members might support Russia, but primarly this is an economic problem.

[C10H15N]

Please.  The BRICS are a great place to make money, but they are too economically and politically unstable for anyone to seriously consider using any of them as an international currency.   

[Agestorzrxx]

They will never pay their debts if you know where the new dollars come from.

[polarhei]

What kind of debts? There are types of debts. They pay some, but how long can they withstand?

If discussing about the one-dollar bill, then No one knows when Uncle Sam pay their debts.

[polarhei]

They will never pay their debts if you know where the new dollars come from.

Yes, there are many ideas which indicates, they pay too little for their mess.

[bitbunnny]

Never. Quod licet iovi, non licet bovi.

[picolo]

Please.  The BRICS are a great place to make money, but they are too economically and politically unstable for anyone to seriously consider using any of them as an international currency.   

China has been quite stable for a while.