U.S. Debt Reaches Record 37 Trillion

You know the economy is doing amazing when its defenders have to resort to arguing about the weight of loaves of bread.
This debt is unsustainable.

It will collapse at some point, or get defaulted on.

Like the Second Coming, I have no idea when that will be, nor do I worry too much about it anymore, since nobody is willing to do what needs to be done to correct it.

I simply prepare, and wait and watch, and evangelize.
 
This debt is unsustainable.

It will collapse at some point, or get defaulted on.

Like the Second Coming, I have no idea when that will be, nor do I worry too much about it anymore, since nobody is willing to do what needs to be done to correct it.

I simply prepare, and wait and watch, and evangelize.
Cool.


But anyway, about the economy...
 

The stock market is the same as the "economy"?

The stock market is a beneficiary of money printing, which is the topic of this thread. Money is printed and distributed, and the first people that get it benefit. And those people put some of it into the stock market.

So rather than overall miraculous economic growth, it's mostly just another barometer for monetary inflation.
 
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Cool.


But anyway, about the economy...

I thought we were talking about the debt.

And I just heard that the "economy" is really the stock market. The government should just drop all of it's fake economic numbers and refer to the Dow Jones, S&P500, and Nasdaq instead. Would actually be more honest.
 
The stock market is the same as the "economy"?

The stock market is a beneficially of money printing, which is the topic of this thread. Money is printed and distributed, and the first people that get it benefit. And those people put some of it into the stock market.

So rather than overall miraculous economic growth, it's mostly just another barometer for monetary inflation.

The stock market is one of many metrics that you can measure how well the economy is doing.

Businesses in the stock market create goods and services that improve the quality of life of Americans and create jobs for Americans.

Its not an entire picture of our economy though because the US economy is worth more than the sum of its parts.

Thats because the USA is the guarantor of global security and stability that allows for the global economy to work.
 
I thought we were talking about the debt.

And I just heard that the "economy" is really the stock market. The government should just drop all of it's fake economic numbers and refer to the Dow Jones, S&P500, and Nasdaq instead. Would actually be more honest.
Cummins stock about 400 now in 2020 about 150. About same sales , profits and a price earnings ratio almost twice what id expect to pay for a 400 stock .Its your inflation , 165 percent over 4 1/2 yrs , or about 36.66 percent per yr avg , similar to 33 percent per yr avg of groceries during time frame , money supply increase estimated at 36 percent , new median home prices 30 percent bringing in avg of all of them at 33.915 . Ill just use it while listening to Fed dream about 2 percent . You need a 7.6 percent annual raise to stay even . Yer S & P money making 10 percent , if cashed out after inflation and capital gains taxes leaves you in negative unless company match . Unless you are getting company monies or stocks w/ large dividends ( realized gain) be better off w/ gold and bitcoin . I doubt avg American making 50k is getting 13K in raises in 3 years to keep up, Stocks are a failed end game , in a failed economic system. Avg American doesnt have wealth outside 401K and home.
 
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Can't wait until we're 100 trillion in debt. I'll probably be the only person here thats still alive to witness that accomplishment.
 
LIke I've said before.

There is never EVER a reason for a sovereign power to go into debt to ANY bank or its own subjects/citizens.

The whole charade is nothing but a GIANT SCAM.
 
LIke I've said before.

There is never EVER a reason for a sovereign power to go into debt to ANY bank or its own subjects/citizens.

The whole charade is nothing but a GIANT SCAM.

Our country's financial system is a lot more robust than we are lead to believe.

Selling panick is just profitable. People get rich scaring people into buying into their ponzi schemes.

The USA's democratic capitalism is the most powerful economic system in the world.
 
You know the economy is doing amazing when its defenders have to resort to arguing about the weight of loaves of bread.
I eat 6 slices of lame ass generic Kroger white bread and six hot dog buns a week , but the Mrs says I need to give it up or I'll get fat and lazy. I told her just because I may get fat doesn't mean I'll get lazy
 
I thought we were talking about the debt.

And I just heard that the "economy" is really the stock market. The government should just drop all of it's fake economic numbers and refer to the Dow Jones, S&P500, and Nasdaq instead. Would actually be more honest.
Oh boy! The most popular measure of economic development on Ron Paul Forums... the S&P 500.
 
You know the economy is doing amazing when its defenders have to resort to arguing about the weight of loaves of bread.

Zippybot is even more stupid than Zippy was.

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Boomers have no idea how much better off they were than today's young adults, or even Gen X and Millennials.

Boomers could buy houses on 1 year average salary. It would be like the average salary today being $400k.

America is dying.
 
Boomers have no idea how much better off they were than today's young adults, or even Gen X and Millennials.

Boomers could buy houses on 1 year average salary. It would be like the average salary today being $400k.

America is dying.
There's an entire media ecosystem that tells them that they earned what they have and that all younger generations are just lazy.

They eat that shit up.
 
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