How is America one of the richest countries but has one of the highest debts in the world?

[nicoleivy5]

Reasons why the United States is $19 trillion in debt, the biggest amount for a single country - Explains why the US is in massive debt.

If they owe so much money, how is the US still one of the richest nations in the world?

 

[Toddsterpatriot]

Reasons why the United States is $19 trillion in debt, the biggest amount for a single country - Explains why the US is in massive debt.

If they owe so much money, how is the US still one of the richest nations in the world?

We're about 5% of the world's population, but have about 24% of world GDP.

 

[Correll]

I would not click on that link. That site was hard to leave.

Any who, the question itself reveals a massive lack of understanding what Wealth IS.

 

[Onyx]

The economy is a lie.

Everything built will not last, and it took generations of exploiting the third world for this reality to become evident.

 

[nicoleivy5]

Reasons why the United States is $19 trillion in debt, the biggest amount for a single country - Explains why the US is in massive debt.

If they owe so much money, how is the US still one of the richest nations in the world?

We're about 5% of the world's population, but have about 24% of world GDP.

thanks

 

[Toddsterpatriot]

The economy is a lie.

Everything built will not last, and it took generations of exploiting the third world for this reality to become evident.

You're right.....Venezuela is better....wait, what?

 

[Onyx]

You're right.....Venezuela is better....wait, what?

People only deflect when they know they cannot dispute.

Venezuela's economy was a lie too. They built a bubble for themselves with their participation in OPIC.

 

[Toddsterpatriot]

You're right.....Venezuela is better....wait, what?

People only deflect when they know they cannot dispute.

Venezuela's economy was a lie too. They built a bubble for themselves with their participation in OPIC.

Plenty of our stuff will last. And our GDP is over $18 trillion, every year.
So what are you whining about?

 

[Onyx]

Plenty of our stuff will last. And our GDP is over $18 trillion, every year.
So what are you whining about?

The sustainability of the bubble we are living in.

Recessions are going to be occurring in shorter sequence until the next Great Depression.

 

[Toddsterpatriot]

Plenty of our stuff will last. And our GDP is over $18 trillion, every year.
So what are you whining about?

The sustainability of the bubble we are living in.

Recessions are going to be occurring in shorter sequence until the next Great Depression.

The sustainability of the bubble we are living in.

Any specifics?

Recessions are going to be occurring in shorter sequence

Why do you feel that?

 

[Onyx]

Any specifics?

Intensive socialism and government protected monopolies, among other things.

Why do you feel that?

Bubbles eventually pop. This bubble is bigger than ever before.

 

[Toddsterpatriot]

Any specifics?

Intensive socialism and government protected monopolies, among other things.

Why do you feel that?

Bubbles eventually pop. This bubble is bigger than ever before.

Intensive socialism and government protected monopolies, among other things.

Those aren't sustainable? Cool. When will they go away?

This bubble is bigger than ever before.

Bubble in what? What will make it pop?

 

[nicoleivy5]

AGREED economy is a lie

 

[dfens]

Debt is simply the flip side of profit. It's an accounting entry. Wherever you see debt, there is someone who has taken an enormous pay day.

It's a ponzi scheme, because for debt to keep increasing, there has to be some suckers born who will pay it off. Eventually, we will run out of workers and energy to pay it off, and the money will hyperinflate.

 

[Toddsterpatriot]

Debt is simply the flip side of profit. It's an accounting entry. Wherever you see debt, there is someone who has taken an enormous pay day.

It's a ponzi scheme, because for debt to keep increasing, there has to be some suckers born who will pay it off. Eventually, we will run out of workers and energy to pay it off, and the money will hyperinflate.

Debt is simply the flip side of profit.

Nope.

Debt is simply the flip side of savings.

 

[EdwardBaiamonte]

- Explains why the US is in massive debt.

simple, Democrats killed everyone of the 30 Republican Balanced Budget Amendments that would have made debt illegal.

 

[Onyx]

The debt is just a blank check for the ruling class to take to the bank.

dfens said it pretty well. The money they take out is of no consequence to them, and as long as the slave class makes enough to keep the credit rating high, the system is completely sustainable.

 

[nicoleivy5]

Debt is simply the flip side of profit. It's an accounting entry. Wherever you see debt, there is someone who has taken an enormous pay day.

It's a ponzi scheme, because for debt to keep increasing, there has to be some suckers born who will pay it off. Eventually, we will run out of workers and energy to pay it off, and the money will hyperinflate.

thanks

 

[mudwhistle]

Reasons why the United States is $19 trillion in debt, the biggest amount for a single country - Explains why the US is in massive debt.

If they owe so much money, how is the US still one of the richest nations in the world?

You do understand that in free nations wealth isn’t measured by what's in the Treasury, right?

Private citizens still have the right to own property, Mkay?

This isn't Russia.....is this Russia?

 

[KissMy]

Entitled Repubtards stole everything from workers!
The US dollar is only 1 cent in 1940.