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Ibian
Legendary
 Offline
Activity: 2268
Merit: 1278
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August 24, 2014, 10:57:44 AM |
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Never. It's impossible. The interest alone is impossible to pay, nevermind the debt.
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Look inside yourself, and you will see that you are the bubble.
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Pacowomo
Newbie
Offline
Activity: 23
Merit: 0
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August 24, 2014, 11:55:29 AM |
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It's a JOKE. They will never pay. Just not possible.
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LiteCoinGuy
Legendary
Offline
Activity: 1148
Merit: 1010
In Satoshi I Trust
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August 24, 2014, 12:04:02 PM |
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USA can pay any debt. make more research but here is a hint:  |
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Kluge
Donator
Legendary
Offline
Activity: 1218
Merit: 1015
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August 24, 2014, 12:14:47 PM |
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 Why would a country want to pay its debts? Debt should be pawned off on patriots willing to take sub-inflation rates in exchange for a nice story and a picture of a pissed off, paranoid eagle, or to other entities seeking favor. Total US debt:assets is quite low -- UK and Japan are in a much more dire position because there's less to squeeze out; USG has options. |
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bitcoin_purist
Member
Offline
Activity: 75
Merit: 10
Fearless, except for those who are fearless
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August 24, 2014, 12:18:16 PM |
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Never, take your precautions with this knowledge
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Scott J
Legendary
Offline
Activity: 1792
Merit: 1000
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August 24, 2014, 12:20:07 PM |
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Never, take your precautions with this knowledge This. A default is inevitable. It's a good idea to get into a position where you are as shielded as possible from it. |
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aigeezer
Legendary
Offline
Activity: 1450
Merit: 1013
Cryptanalyst castrated by his government, 1952
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August 24, 2014, 12:40:40 PM |
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USA can pay any debt. make more research but here is a hint: Good one! Here's another, from the vaults: http://online.wsj.com/news/articles/SB10001424052748703730804576314953091790360tl;dr "Prime Minister Morgan Tsvangirai told a farmer at a public rally last year that he should use the bricks of bank notes under his bed "to fertilize his fields."" |
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CraftingTable
Newbie
Offline
Activity: 27
Merit: 0
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August 24, 2014, 02:31:19 PM |
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They will pay it once they adopt BTC.
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yayayo
Legendary
Offline
Activity: 1806
Merit: 1024
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August 24, 2014, 02:41:28 PM |
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tl;dr "Prime Minister Morgan Tsvangirai told a farmer at a public rally last year that he should use the bricks of bank notes under his bed "to fertilize his fields.""
We can only hope that the US will continue to use cotton paper for the bills and doesn't switch to plastics...  We will see a fierce competition between countries for money printing. ya.ya.yo! |
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farfiman
Legendary
Offline
Activity: 1449
Merit: 1001
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August 24, 2014, 02:43:19 PM |
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Never, take your precautions with this knowledge This. A default is inevitable. It's a good idea to get into a position where you are as shielded as possible from it. They cant default, but they can inflate it away. |
"We are just fools. We insanely believe that we can replace one politician with another and something will really change. The ONLY possible way to achieve change is to change the very system of how government functions. Until we are prepared to do that, suck it up for your future belongs to the madness and corruption of politicians."
Martin Armstrong
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Fiyasko
Legendary
Offline
Activity: 1428
Merit: 1001
Okey Dokey Lokey
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August 24, 2014, 02:44:42 PM |
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They don't plan on paying it back, it seems like the gameplan is to cause WWIII and during that claim that their country is now bankrupt and they need to reset their dollar and debts due to some bullshit war related thing
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Ayers
Legendary
Offline
Activity: 2604
Merit: 1023
Leading Crypto Sports Betting & Casino Platform
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August 24, 2014, 02:56:53 PM |
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they will make mroe debit with bitcoin itself, you will see
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galbros
Legendary
Offline
Activity: 1022
Merit: 1000
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August 24, 2014, 02:59:28 PM |
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If you think about it the USA has never paid much of it's debt back since the days of Jackson (who hated banks and paid the national debt off). Basically it will roll its debt forward forever (or as long as investors will allow it) and the US will rely on inflation to reduce the real value of the debt. Even a 2% inflation rate halves the real value of debt every 30 years or so, and I think we can expect higher inflation than that going forward. (Though I have been wrong on this before.)
There was a time when people just assumed countries would never pay back debt. A lot of early UK debt was perpetual.
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botany
Legendary
Offline
Activity: 1582
Merit: 1064
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August 24, 2014, 03:38:23 PM |
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There is only talk of containing the fiscal deficit, not erasing it.
It doesn't make sense for a country to pay off all its debts. Definitely not for the US.
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unpure
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August 24, 2014, 07:27:57 PM |
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Why pay back the debt if they can keep rolling the debt over and pay negative interest? In essence, the creditor nations are paying US for owing them money. |
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Satan666
Full Member
Offline
Activity: 123
Merit: 100
The love of fiat is the root of all good
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August 24, 2014, 11:29:12 PM |
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Who cares? Our kids and grandkids will figure something out. It's their problem, not ours.  |
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RobFordWotWot
Sr. Member
Offline
Activity: 280
Merit: 250
time
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August 24, 2014, 11:32:27 PM |
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Debts are made to be owed not paid off.
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Horses in midstream.
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coinableS
Legendary
Offline
Activity: 1442
Merit: 1179
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August 24, 2014, 11:40:58 PM |
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USA can pay any debt. make more research but here is a hint: Exactly. The US can purposely devalue the dollar where $1,000,000 will only be worth $1 today. Pay off $15 trillion in debt by inflating the currency. |
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botany
Legendary
Offline
Activity: 1582
Merit: 1064
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August 25, 2014, 12:29:26 AM |
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Exactly. The US can purposely devalue the dollar where $1,000,000 will only be worth $1 today. Pay off $15 trillion in debt by inflating the currency.
The only problem with that approach will be that they cannot borrow any more and USD will stop being the global reserve currency. |
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