When will America go bust?

[BackAgain]

Edit - 2929 obviously should be 2029 but I can't edit it

Funny comment coming from a Brit.

The Brit’s national debt to gnp ratio also sucks. Approximately 101% for GB vs 114% for the USA.

U.S. Debt to GDP Ratio | Historical Chart & Data

Debt is the entire stock of direct government fixed-term contractual obligations to others outstanding on a particular date. It includes domestic and foreign liabilities such as currency and money deposits, securities other than shares, and loans. It is the gross amount of government liabilities...

www.macrotrends.net

Country comparison United Kingdom vs United States Government debt per capita USD 2025

Country comparison, you can compare any two countries and see the data side by side. Here you have the comparison of United Kingdom vs United States, Government debt per capita USD

countryeconomy.com

Outs is worse. Yes.

But you guys are on the same glide path which means, unless we both change our ways, we’re both gonna crash and burn.

 

[MagicMike]

If pro-business Trump can't turn Congress? No one can. I cant pick till after Trimp term.//

We need to return to the pre Reagan years level of taxing the rich. American prosperity began declining as soon as "Reaganomics" was implemented.

 

[BluesLegend]

Not until we have borrowed and wasted $100 trillion from the looks of things. I will tell you this right now, when America goes bust the rest of the world will devolve back into WAR and then the world is going to know true pain and suffering on a whole new scale historically.

 

[BluesLegend]

We need to return to the pre Reagan years level of taxing the rich.

That won't work dumb ass. There's not enough 'rich' people to fund a mooching 300 million strong mob of deadbeats. If you took every last dime they earn it wouldn't even cover the deficit. And if you did the economy would collapse. So pull your head out of your Dem talking points ass FFS.

 

[BluesLegend]

Did you know that non-essential government workers cost us $400 million per day! That's just the federal government moochers.

 

[MagicMike]

That won't work dumb ass. There's not enough 'rich' people to fund a mooching 300 million strong mob of deadbeats. If you took every last dime they earn it wouldn't even cover the deficit. And if you did the economy would collapse. So pull your head out of your Dem talking points ass FFS.

It has taken 45 years for trickle down theory to screw us up this bad so it could take just as long to reverse the damage, but it is doable if whining, naysaying, snowflakes like you would get out of the way. Bill Clinton had a balanced budget. In fact Democrat administrations always seem to run lower deficits and leave more balanced budgets on average than Republucans.

 

[BluesLegend]

It has taken 45 years for trickle down theory to screw us up this bad so it could take just as long to reverse the damage, but it is doable if whining, naysaying, snowflakes like you would get out of the way. Bill Clinton had a balanced budget. In fact Democrat administrations always seem to run lower deficits and leave more balanced budgets on average than Republucans.

I DESTROYED your 'tax the rich' stupidity, you deflected, shocker.

 

[sparky]

Where were you chowderheads?

watching brownshirts being bribed under the heel of fascism Lefty.......

when America goes bust the rest of the world will devolve back into WAR

all conflict is economic cloaked in some sales pitch of salvation Blues

~S~

 

[Dorian Mode]

Not long after we lost the petro$$, they started down revaluation avenue

The only saving grace is our debt to other countries

But that just buys time

and just how much time i do not know......~S~

I see three things that will crash the financial system and allow the US to default on its debts. Note that the US is not only in staggering debt from the federal government. There is a mammoth amount of state debt and municipal debt. Not to mention corporate debt, credit card debt, mortgage debt, auto debt and more. America is over financialized and there are not many other motors of growth other than the financial system.

1. Further erosion of the petrodollar. Many countries are now buying oil in other currencies and America can't go full Iraq on them to fix this.

2. The rise of a more stable and trustworthy currency with a better clearing method than Swift. The BRICs countries are working on this and it is just a matter of time.

3. The US housing market bubble explodes again. The first one was a warning, the next one will bring the entire financial system down.

As an aside, I think the current political theater is there to keep people from not looking under the rug to see just how much shit has been swept under it. People have to stop watching the shiny ball and start thinking again and trying to really understand what is happening around them and not blindly believing the propaganda headlines. I think Trump knows things are really bad and is trying to fix things, but it is too late.

 

[sparky]

It has taken 45 years for trickle down theory to screw us up this bad

~S~

 

[SeaMajor7]

Well, the US national debt continues to go North. Musk tried to help but government said, "Screw you". I thought Trump was the guy to reduce debt, he's as much use as tits on a fish.

So it's heading towards, "When will the US go bust?"

Time to quit this American dream fallacy and try to grasp reality.

You should be more concerned about your government that is purposely DESTROYING your culture and your country.

 

[sparky]

As an aside, I think the current political theater is there to keep people from not looking under the rug to see just how much shit has been swept under it

methinks they need a bigger rug Dorian

I think Trump knows things are really bad and is trying to fix things, but it is too late.

JMHO, he was elected into a failed system w/policies that direly need to be confronted.

Note how many Americans are advocates of socialism these days?

A quick fix remedy that historically fails as well .......

The hard road is fixing capitalism ........~S~

 

[JGalt]

Well, the US national debt continues to go North. Musk tried to help but government said, "Screw you". I thought Trump was the guy to reduce debt, he's as much use as tits on a fish.

So it's heading towards, "When will the US go bust?"

Time to quit this American dream fallacy and try to grasp reality.

How about "never"? The U.S. has the largest economy in the world, and much of it was developed by going into debt.

A better question would be "When will the rest of the deadbeat world repay America for everything we've done for them?"

 

[Dorian Mode]

methinks they need a bigger rug Dorian

JMHO, he was elected into a failed system w/policies that direly need to be confronted.

Note how many Americans are advocates of socialism these days?

A quick fix remedy that historically fails as well .......

The hard road is fixing capitalism ........~S~

This system has been failing since the creation of the Federal Reserve and "fixes" like Bretton Woods and Nixon floating the dollar just accelerated the damage. There is no way Trump can fix more than a hundred years of corruption, especially when most of congress is corrupt. Maybe he can give us a few more years? Ron Paul was always right; we should have returned to honest money. Now it is just too late. Another country will beat us to an honest currency and the US Dollar will become worthless.

When a growing percentage of people in a country has interest in socialism it is a sign that the current system is starting to fail the people. At some point the current system will become so bad that a large enough percentage will help with a socialist revolution. I personally doubt that socialism can fix the problems in the failing system and it just creates completely new problems that can't be fixed.

 

[LordBrownTrout]

Just watch gold and silver prices. Currently, the economy is being held together by AI futures.

 

[BothWings]

Well, the US national debt continues to go North. Musk tried to help but government said, "Screw you". I thought Trump was the guy to reduce debt, he's as much use as tits on a fish.

So it's heading towards, "When will the US go bust?"

Time to quit this American dream fallacy and try to grasp reality.

So now it should start to become evident to most Americans just how powerful the New World Order globalizt crime syndicate is. They were concerned about Trump's America first policies and they tried to keep him out of office for awhile. Now that he's in office they got to him while he was iIN office. Trump may be a big wig compared to most of us but compared to this well established collective of globalist investors he's nothing but a pipsqueak. And they finally figured out how to keep our boy under control. We definitely need a president with policies that are somewhat parallel to Trumps, but who can execute it with a more mature and sober hand....and mouth. The media used the fact that he can be provoked to make coarss off-color statements in order to use wane his popularity.

When the investors can't pull strings in our government to get to him they will for everything they've got into the media and any Intel operatives who work closely with the media.

And it's not over yet. There are three more years to go. The New World Order still may have a big fight on their hands, something that will weaken them enough so the next guy...provided he is maga, can continue to go after these people and throw a monkey wrench in their business. What's most important is to buy enough time to get the most Americans aware of what's really happened.

 

[Dorian Mode]

So now it should start to become evident to most Americans just how powerful the New World Order globalizt crime syndicate is. They were concerned about Trump's America first policies and they tried to keep him out of office for awhile. Now that he's in office they got to him while he was iIN office. Trump may be a big wig compared to most of us but compared to this well established collective of globalist investors he's nothing but a pipsqueak. And they finally figured out how to keep our boy under control. We definitely need a president with policies that are somewhat parallel to Trumps, but who can execute it with a more mature and sober hand....and mouth. The media used the fact that he can be provoked to make coarss off-color statements in order to use wane his popularity.

When the investors can't pull strings in our government to get to him they will for everything they've got into the media and any Intel operatives who work closely with the media.

And it's not over yet. There are three more years to go. The New World Order still may have a big fight on their hands, something that will weaken them enough so the next guy...provided he is maga, can continue to go after these people and throw a monkey wrench in their business. What's most important is to buy enough time to get the most Americans aware of what's really happened.

I think with the NWO Globalists, it's "you're either with us or you are against us." Trump hates them, but almost all other politicians will serve them with no problem. Bush Sr., Clinton, Bush Jr., and Obama were slaves to them. Biden's inner circle were all NWO Globalist insiders. The entire democrap party today is owned by the globalists. I don't think they can be beaten because most people are so easily corruptible. Even Bernie Sanders has finally been corrupted by them.

 

[BluesLegend]

Breaking News: High tax NY, NJ, IL and CA lose nearly $1.4 TRILLION in taxpayer income as people flee to states with lower taxes. Holy shit!

 

[YoursTruly]

The SS & Medicare trust funds run out in 2032 & US oil production will peak around 2030.

So if we get the deficit under control, the US can survive until 2032.

When Trump was asked about how he was going to pay down the dead, his one and only statement was bragging about how Saudi has zero debt because they've nationalized their oil and use all the profits to keep their debt at zero.

Sounds like Trump may be in favor of nationalizing our oil. Because nationalizing it would bring in a lot more revenue than the taxes they now collect from it.

Would you support that?

 

[initforme]

When Trump was asked about how he was going to pay down the dead, his one and only statement was bragging about how Saudi has zero debt because they've nationalized their oil and use all the profits to keep their debt at zero.

Sounds like Trump may be in favor of nationalizing our oil. Because nationalizing it would bring in a lot more revenue than the taxes they now collect from it.

Would you support that?

Ive never understood why when our nation needs more oil, we drill more, and ship alot of it away.