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| Question: global economics (Page 1/2) |
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williegoat
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FEB 27, 12:44 PM
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If everybody settled up, in other words, if the US government payed off all of her debt and all the other countries paid off what they owe us and others, where would we be?
Are we owed more than we owe? What about Russia, Germany, China, Japan, Canada, UK, Grand Fenwick?
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Let's go Brandon!
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olejoedad
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FEB 27, 01:32 PM
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What if the US dollar is dicarded as the World's Reserve Currency?
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sourmash
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FEB 27, 02:09 PM
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You will own nothing and be happy.
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Wichita
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FEB 27, 02:17 PM
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Russia has $65 billion in debt, but has $630 billion in reserves.
US has $30 trillion in debt and nothing in reserves. We have to borrow $8 billion a day just to fund the government and the welfare state.[This message has been edited by Wichita (edited 02-27-2022).]
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sourmash
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FEB 27, 02:30 PM
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The privately owned Federal Reserve will never allow the debt to be paid off unless given ownership of almost all the wealth available, that's all wealth. That's what their long game play is in the first place.
So, it's not at all a possibility that debt will be fully paid off, ever. It will just shift to another format, like crypto-currency. After all, all US Dollars are created with interest, making the payoff higher than the creation of the dollar itself. How do you get the Dollar that pays off the created interest owed?
The military hardware producers don't want peace. It's a bad business model. Big Pharma doesn't want cured people. And the Fed Reserve doesn't want paid off debt.[This message has been edited by sourmash (edited 02-27-2022).]
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olejoedad
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FEB 28, 08:04 AM
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2.5
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FEB 28, 01:36 PM
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williegoat
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FEB 28, 01:59 PM
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So, nobody knows how this theoretical balance sheet would settle out at the end of the month?
 [This message has been edited by williegoat (edited 02-28-2022).]
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sourmash
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FEB 28, 02:51 PM
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Or perhaps the response was too cryptic for some to understand? You will own nothing and be happy, means that's how it would look.
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ray b
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FEB 28, 03:20 PM
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debt is how money is MADE
and we are owed most of our debt to ourselves it is a book keeper circlejerk
the fed the SS funds the fanny&freddy loan brokers own the paper
it is book keeping BS
japan has more of our debt then china
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