When will the USA pay their debts, if ever?

[BitcoinFreak12]

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.   

Thats funny because Russian has half the taxes that USA has, i wonder where it's more easy to start a business?

I`ve read that in the UK you need like 5.000.000 pounds to start up a medium businnes because thats is the regulatory costs.

How the fk do you expect economic growth from these countries, if an average guy cant even start up a grocery store without massive regulatory bureocracy BS.

I think its much more easy to do it in Russia, India or any other  non western country.

[BTCXE]

to answer OP, never. As long as the political and cultural climate stays the same, US will keep manually rigging the dice in their favor, with adverse long-term effects

[jaysabi]

Thats funny because Russian has half the taxes that USA has, i wonder where it's more easy to start a business?

I`ve read that in the UK you need like 5.000.000 pounds to start up a medium businnes because thats is the regulatory costs.

How the fk do you expect economic growth from these countries, if an average guy cant even start up a grocery store without massive regulatory bureocracy BS.

I think its much more easy to do it in Russia, India or any other  non western country.

You might want to actually look it up then. Here are the 2015 World Rankings published by the World Bank:  http://www.doingbusiness.org/rankings

Here are the highlights: Russia, India, and China are three of the worst countries to start or operate a business in. The best ranking countries are generally in the western world or have western-style governments.

[Silverspoon]

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.   

Thats funny because Russian has half the taxes that USA has, i wonder where it's more easy to start a business?
...

So...  If Somalia has lower taxes than Russia, you'll start your business there? 
Protip:  Start it under the sea, in international waters.  Lowest taxes evah.

[BTCXE]

If Russia had a government that would develop a legal framework that would protect individuals and companies, rather than the interests of the government, it would be the best place to start a business. until then, no foreign startup would ever touch russia

[BitcoinFreak12]

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.   

Thats funny because Russian has half the taxes that USA has, i wonder where it's more easy to start a business?
...

So...  If Somalia has lower taxes than Russia, you'll start your business there? 
Protip:  Start it under the sea, in international waters.  Lowest taxes evah.

Yes. Hire some armed bodyguards, which will be pretty cheap, get like 50 armed guards protecting your shop and you can start right now.

You dont need to wait half year for permits and all that BS, and you dont need to pay taxes there, the only risk you will have there is civil riots and gang mobs.

It is way easier to operate a business in Somalia than any western country.

[jaysabi]

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.   

Thats funny because Russian has half the taxes that USA has, i wonder where it's more easy to start a business?
...

So...  If Somalia has lower taxes than Russia, you'll start your business there? 
Protip:  Start it under the sea, in international waters.  Lowest taxes evah.

Yes. Hire some armed bodyguards, which will be pretty cheap, get like 50 armed guards protecting your shop and you can start right now.

You dont need to wait half year for permits and all that BS, and you dont need to pay taxes there, the only risk you will have there is civil riots and gang mobs.

It is way easier to operate a business in Somalia than any western country.

I'm sure you're speaking from your wealth of personal experience running successful businesses in Somalia, but you and I might have a different definition of "easier."

[BitcoinFreak12]

I'm sure you're speaking from your wealth of personal experience running successful businesses in Somalia, but you and I might have a different definition of "easier."

Well i dont know what "financial freedom" means to you but, if million dollar permissions ,insurance costs and government approvals are needed for your financial freedom, then your economic vision will most likely end up with a global recession.

It's much easier to start up a business if with 100$ in Somalia than with 1000.000 dollars in the USA, you are just too brainwashed by the statist propaganda to realize this.

[Silverspoon]

It's much easier to start up a business if with 100$ in Somalia than with 1000.000 dollars in the USA, you are just too brainwashed by the statist propaganda to realize this.

^Where do you live & how old are you?

[cameronpalte]

U.S. actually could pay off its debts but it doesn't because it is not necessary. Compared to many other countries the U.S. isn't that far it debt because its not the debt in $ that matters its the debt compared to the GDP.

http://www.usdebtclock.org/world-debt-clock.html

[jaysabi]

I'm sure you're speaking from your wealth of personal experience running successful businesses in Somalia, but you and I might have a different definition of "easier."

Well i dont know what "financial freedom" means to you but, if million dollar permissions ,insurance costs and government approvals are needed for your financial freedom, then your economic vision will most likely end up with a global recession.

It's much easier to start up a business if with 100$ in Somalia than with 1000.000 dollars in the USA, you are just too brainwashed by the statist propaganda to realize this.

No, I'm just calling bullshit when I see it. You don't have much credibility after you claimed that India and Russia were easier to run a business in than any western country, and then I posted some pretty compelling data to dispel that idiotic notion. Your views on Somalia should be regarded with the same level of ridicule and disdain.

[BitcoinFreak12]

U.S. actually could pay off its debts but it doesn't because it is not necessary. Compared to many other countries the U.S. isn't that far it debt because its not the debt in $ that matters its the debt compared to the GDP.

http://www.usdebtclock.org/world-debt-clock.html

That is propaganda, DEBT/GDP ratio doesnt matter a jackass.

What matters is the central bank  reserve/balance sheet ratio. And there you see a 77:1 leverage according to recent data.

If you were to substract the debt from the GDP then you`d get really screwed up because the amount of unemployment that will result is horrific.

So the CB is the primary responsible for the debt, but still eventually the debt will be paid off by the GDP.

I dont think the fed can run this ponzi scheme any longer, many economists say that Q2-Q3 of 2015 will be the reckoning day, probably when they`ll announce that instead of rate hike you`ll get QE4.

So the FED is pretty much overleveraged, they lied about "more conservative debt policy in 2008" when they said that they`ll reduce the leverage. Yes they probably did reduce it from private banks, but the FED itself embraced it now. So instead of private money being at risk, now they put tax payer money on the risk, very very good policy what can I say.

[BitcoinFreak12]

It's much easier to start up a business if with 100$ in Somalia than with 1000.000 dollars in the USA, you are just too brainwashed by the statist propaganda to realize this.

^Where do you live & how old are you?

I`m in my late 20's and i`m from east europe. Is that an insult or what?

I dont know about your economic views but i know what is to live under a tyrranic regime, so i`m definitely agains these regulations and stupid propaganda manipulation tools.

I`ve never seen any economic boom in my life, mainly because statist regulation and tyrrany , so i`d much rather live under a regime that is totally free than to be enslaved by massive taxation.

In my country you pay ~80% taxes, and i definitely not like it. Do you wanna live in this kind of conditions? I dont think so?

[BitcoinFreak12]

No, I'm just calling bullshit when I see it. You don't have much credibility after you claimed that India and Russia were easier to run a business in than any western country, and then I posted some pretty compelling data to dispel that idiotic notion. Your views on Somalia should be regarded with the same level of ridicule and disdain.

Have you ever considered that that data was manipulated to brainwash people. After all it was given out by the world bank who has a really good record of manipulating people.

In India you have the soundest monetary policy in whole Asia, they have high interest rates, and keep inflation in check, they are not running a 0% interest rate 0% margin requirement franctional reserve ponzi scheme.

http://www.tradingeconomics.com/india/indicators

In Russia its a bit more complicated, but atleast they have small taxes.

I think you should check your facts friend because you have been really brainwashed by the Keynesian propaganda machine.

[Silverspoon]

It's much easier to start up a business if with 100$ in Somalia than with 1000.000 dollars in the USA, you are just too brainwashed by the statist propaganda to realize this.

^Where do you live & how old are you?

I`m in my late 20's and i`m from east europe. Is that an insult or what?

So you know nothing about starting a business in USA or Somalia.  Protip:  Don't talk about shit you know nothing about.

I dont know about your economic views but i know what is to live under a tyrranic regime, so i`m definitely agains these regulations and stupid propaganda manipulation tools.


I`ve never seen any economic boom in my life, mainly because statist regulation and tyrrany , so i`d much rather live under a regime that is totally free than to be enslaved by massive taxation.

Bro, you're not likely to fare well in a seedy neighborhood, forget about some lawless Wild West fantasy where they'd as soon shoot you as say howdy.

In my country you pay ~80% taxes, and i definitely not like it. Do you wanna live in this kind of conditions? I dont think so?

What godforsaken hellhole do you live in bro, and why are you so embarrassed to name it?   Are you having a hard time getting an exit visa?

[Silverspoon]

I think you should check your facts friend because you have been really brainwashed by the Keynesian propaganda machine.

And the facts would be the inanity posted at mises.org, zerohedge, and stormfront, and other reputable sources?

[BitcoinFreak12]

What godforsaken hellhole do you live in bro, and why are you so embarrassed to name it?   Are you having a hard time getting an exit visa?

I like my country in general its a nice place in terms of natural beauty,good tourist place and nice women and pretty friendy people too, but the government is just evil and full of bandits and they increase taxes every quarter, so i`m really ashamed that i have a tyrant government.

I think you should check your facts friend because you have been really brainwashed by the Keynesian propaganda machine.

And the facts would be the inanity posted at mises.org, zerohedge, and stormfront, and other reputable sources?

Look here, The BRICS is having a booming economy weather you like it or not, they had and still have 3-8% gdp growth /year. Especially before the crisis.

China become from a 3rd world country the top 1 economy on the world (yes it surpassed the USA).

And i`m not a BRICS fanboy, to be clear, i`m just stating the facts here, so obviously the Keynesian propaganda with all these debt bubbles and low interest is not going to work out well in the world.

All BRICS nations will increase the interest rates, Russia just now increased it to 17%, man if the USA had to increase it to 17% they'd go bankrupt the minute after.

So of course hawkish good old Austrian economy works with gold-backed currency, only propagandists dont like to advertise it, even if the BRICS uses it, and gets good results with it, EU ,USA and other brainwashed countries and unions will just never learn.

Its funny as the USA had really good growth in the 50-70 with its gold standard, so why did they left it? Well, because the banks didnt made enough money.

It's just pure propaganda, and now the whole world will pay for it, because the next crisis will be devastating as back in 1929.

[Silverspoon]

Brah, what country are you from?
I don't know what you mean by Keynesian propaganda, or if you have actually bothered to study economics, but if you think that USA is somehow more "Keynesian" than China, please explain WTF you're talking about.

Be specific

[BitcoinFreak12]

Brah, what country are you from?
I don't know what you mean by Keynesian propaganda, or if you have actually bothered to study economics, but if you think that USA is somehow more "Keynesian" than China, please explain WTF you're talking about.

Be specific

Ok i`m from Romania, actually if you`d go to my profile you`d actually see.

Well Keynesianism is more like a cult between central bankers rather than a sound monetary policy.

It only grows debt bubbles which pop out at every single crisis. Yes you could argue that stable prices and low price volatility might be improved by keynesianism, but overally its much worse, because now the world is in huge debt.
I think it's about 180 trillion $ global debt, i`m not sure about that number but its around that.

Ist that a sound policy to endebt everyone? Debt is the 21st century form of slavery, a house mortgage makes you only the bitch of your bank, but a national debt makes you the bitch of your government, see?

And of course any progress that has been made in the 0% interest booming era, will be wiped out in the depression era.

So in this way you have to restart the economy from square 1 after every single recession. The only thing that survives each depression is technology, other than that everything starts again from 0.

That is not a good economic policy, its the worst one in existence, i dont know what kind of special retard Keynes was, but I dont think he even grasped his own theory, how much damage can it cause throughout the world.

[Silverspoon]

Ok i`m from Romania, actually if you`d go to my profile you`d actually see.

Well Keynesianism is more like a cult between central bankers rather than a sound monetary policy.

It only grows debt bubbles which pop out at every single crisis. Yes you could argue that stable prices and low price volatility might be improved by keynesianism, but overally its much worse, because now the world is in huge debt.
I think it's about 180 trillion $ global debt, i`m not sure about that number but its around that.

"The world is in huge debt"?  May I ask to whom?  Or don't you think to ask stuff like that?