This debt is not important dude. You can pay any debt that is taken with your own money. You just cant pay if your debt is in other types, like gold silver or other currencies.
They created this system intentionally, so that they wont tax the rich and they make us poorer by printing money, and they have an excuse for stupid things.
The only problem with paying this debt, is people starts to distrust us dollar around the world, which is what they should do.
I checked, and 100% of the debt is in USD. So, the govn can pay it right away.
No offense but i think you should learn a bit about more about economics, specifically about how currency works. Long story short, if a currency loses a lot of value in comparison to other currencies, the ‘local’ system collapses. So the very important task of a government (or its central bank really) is to keep it’s relative value high (not too high, but that’s a story for another day. The us gov (or the Federal Reserve in this case) would fail very very hard if they would decide to create 38 trillion usd. It is especially problematic considering the financial problems that it would cause are on top of all the other shit that’s going on.
This debt is not important dude. You can pay any debt that is taken with your own money. You just cant pay if your debt is in other types, like gold silver or other currencies.
They created this system intentionally, so that they wont tax the rich and they make us poorer by printing money, and they have an excuse for stupid things.
The only problem with paying this debt, is people starts to distrust us dollar around the world, which is what they should do. I checked, and 100% of the debt is in USD. So, the govn can pay it right away.
No offense but i think you should learn a bit about more about economics, specifically about how currency works. Long story short, if a currency loses a lot of value in comparison to other currencies, the ‘local’ system collapses. So the very important task of a government (or its central bank really) is to keep it’s relative value high (not too high, but that’s a story for another day. The us gov (or the Federal Reserve in this case) would fail very very hard if they would decide to create 38 trillion usd. It is especially problematic considering the financial problems that it would cause are on top of all the other shit that’s going on.