When will the USA pay their debts, if ever?

[BitcoinFreak12]

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.

[picolo]

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

This would be a one time gain.
The government would rather keep deflating its debt by printing more dollars perpetually.

Being the reserve currency and the international trade currency was a huge advantage for the US. It will switch for the Yuan, Gold or Bitcoin

[BitcoinFreak12]

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

This would be a one time gain.
The government would rather keep deflating its debt by printing more dollars perpetually.

Being the reserve currency and the international trade currency was a huge advantage for the US. It will switch for the Yuan, Gold or Bitcoin

It will switch to Yuan, i suppose, and then the Chinese will start to ban BTC, but due to this pressure more and more peoole will join BTC, because the gold can be confiscated too, thus BTC will win eventually.

Although it will be forever unofficial, as no government will claim it as their national currency ever, they are just too cowards to do that.

[picolo]

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

This would be a one time gain.
The government would rather keep deflating its debt by printing more dollars perpetually.

Being the reserve currency and the international trade currency was a huge advantage for the US. It will switch for the Yuan, Gold or Bitcoin

It will switch to Yuan, i suppose, and then the Chinese will start to ban BTC, but due to this pressure more and more peoole will join BTC, because the gold can be confiscated too, thus BTC will win eventually.

Although it will be forever unofficial, as no government will claim it as their national currency ever, they are just too cowards to do that.

Chinese are buying a lot of Gold, both the central bank and households. In 10 years the international monetary landscape will be clearer

[scarsbergholden]

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.

[picolo]

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.

[jaysabi]

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.

Agreed. The US would prefer to have its cake and eat it too. Plus, the US can do a lot to debase the dollar without inventing competing currencies. And at ~4-5 billion market cap, btc just isn't big enough to make a meaningful impact to the dollar.

[picolo]

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.

Agreed. The US would prefer to have its cake and eat it too. Plus, the US can do a lot to debase the dollar without inventing competing currencies. And at ~4-5 billion market cap, btc just isn't big enough to make a meaningful impact to the dollar.

Even if Bitcoin had a 100 Billions market cap it wouldn't be a game changer for the Dollar

[Pastafarian]

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.

Agreed. The US would prefer to have its cake and eat it too. Plus, the US can do a lot to debase the dollar without inventing competing currencies. And at ~4-5 billion market cap, btc just isn't big enough to make a meaningful impact to the dollar.

Even if Bitcoin had a 100 Billions market cap it wouldn't be a game changer for the Dollar

sadly this is true, but in the long term I am still hopeful for the future of BTC

[Gyfts]

We're trillions in debt and it won't ever be paid off for the reason it's impossible. Only reduction of the rate we decay into debit is what is feasible.

[botany]

We're trillions in debt and it won't ever be paid off for the reason it's impossible. Only reduction of the rate we decay into debit is what is feasible.

When the dollar is no longer the world's reserve currency, the debt may have to be paid back.

[CBG81]

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

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

[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?

[edmonddantes]

LOL,I myself have a debt of 100k$,I don't think I am going to repay!

[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...?

[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

[scarsbergholden]

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

[picolo]

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.

[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

Debt paid but it will have dire consequences.

Oh?  Then I guess I'll tell my guy to stop the presses

...The problem is inherit to the system...

I keep hearing about this impending doom, mainly from the lunatic fringe.
...

[smoothie]

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.