US financial situation not looking good

[SevenFigures]

https://www.usdebtclock.org/world-debt-clock.html

Over 27 Trillion dollars of national debt. Interest rates at 0. Fed is printing money like crazy and value of US dollar is dropping.
China GDP expected to overtake the US.



History repeats itself. Kingdoms will rise and kingdoms will fall.


Reserve currency status doesn't last forever. Seems like the US dollar is on the latter end of the cycle.

[LovePollution]

It's over for yankcels.

[wasp9166]

Try helping the people and putting it into circulation

Instead of building 25 aircraft carriers

[denrocks1]

A weaker dollar makes our exports more competitive, that's why China tries to keep their currency weak.

Also QE and loaning money isn't the same as just giving everyone money.

[SevenFigures]

A weaker dollar makes our exports more competitive, that's why China tries to keep their currency weak.

Also QE and loaning money isn't the same as just giving everyone money.

Interest rates have been too low for too long. We racked up too much debt now if we raise rates debt starts exploding.

10 years ago a 3 trillion dollar stimulus would have been unheard of.

[AnotherAlt]

1) The empire grows

2) Standard of living rises

3) People get soft and complacent

4) Country is eclipsed by a new rising power.

Pretty standard stuff OP.

[CommonPheasant]

The long term trends are unmistakable. We're about where the British Empire was in the late 1800s/early 1900s, and China is about where we were in the same time.

[MountainLion84]

Try helping the people and putting it into circulation

Instead of building 25 aircraft carriers

Building 25 aircraft carriers gives money to businesses who build them who employ people.... the businesses will use other businesses who who also employ people for Materials/Sub Contracts..... when the carriers are done being built people will be employed to man them and repair them.

[SevenFigures]

Seems like we are near the end of the long term debt cycle

[AnotherAlt]

Building 25 aircraft carriers gives money to businesses who build them who employ people.... the businesses will use other businesses who who also employ people for Materials/Sub Contracts..... when the carriers are done being built people will be employed to man them and repair them.

Digging 25 holes in the ground to dump money into gives money to businesses who dig them who employ people.... the businesses will use other businesses who who also employ people for Shovels/Sub Contracts..... when the holes are done being dug people will be employed to guard them.

In other words, just because labor is occurring, doesn't mean it's in any way productive. Malinvestment was a huge reason why communism failed and it's starting to become a problem in the USA.

[eatyourspinach]

meanwhile Lebron signed an 85 million dollar contract extension

[SevenFigures]

The bigger they are the harder they fall

[katya422]

Agree OP.

Try helping the people and putting it into circulation

Instead of building 25 aircraft carriers

That does put money in circulation, but in a limited/concentrated way.

Would much prefer an infrastructure spending package and I'm not sure why we can't seem to get that done.

- fix/replace crumbling roads and bridges
- extend high speed internet through more of the country
- replace old water systems that are way past needing it
- build some more housing, since we seem to be behind
- make urban areas more "walkable" and "bikeable"
- update/upgrade the railway system as rail can be more efficient for freight vs. all trucking

IOW invest in the country instead of just burning money on paper pushers and excessive military spending.

[mr.left hook]

Try helping the people and putting it into circulation

Instead of building 25 aircraft carriers

Stop Golfing and Building a Stupid wall on Our Dime

[MountainLion84]

Digging 25 holes in the ground to dump money into gives money to businesses who dig them who employ people.... the businesses will use other businesses who who also employ people for Shovels/Sub Contracts..... when the holes are done being dug people will be employed to guard them.

In other words, just because labor is occurring, doesn't mean it's in any way productive. Malinvestment was a huge reason why communism failed and it's starting to become a problem in the USA.

The 25 Aircraft Carriers give us more respect/power on an international level therefore giving greater influence on trade deals.... they deter other countries from phucking with us, etc.

Gotta think deeper than "Give the money to the people so they can buy Nike shoes and iPhones"

[WinningBrah]

Yolo lmao

[NsaneOne]

Lmao money printer go brrrrrrr

[CommonPheasant]

Building 25 aircraft carriers gives money to businesses who build them who employ people.... the businesses will use other businesses who who also employ people for Materials/Sub Contracts..... when the carriers are done being built people will be employed to man them and repair them.

[elterrible987]

Its inevitable and the US is on the decline. I just hope we can last another 50 years before it really hits the fan. If you got babies right now, probably certain they are going to see a real fall of rome before they die at this point.

[7000RPM]

Can confirm dollar dropping like a rock and cant live like a king in foreign countries anymore fml

[ayyy]

there are most certainly a bunch of graphs with a bunch of lines in here can't deny that

[mesobuild]

You're looking at this far too simplistically. I absolutely agree corrupt boomers and their wake seem to bend over to any competitive, uncorrupt nation. Old people here turning into the dude who dresses like 200 years ago in Britian because his arrogance about his former glory sustains him instead of actual uncorrupt accomplishment.

Look at ol' Joe, talking about how he used to live in the corporate capital of the world and was competent 60 years ago, still thinking the limp-wristed appeals to other countries look harmless, as opposed to arguing how we can win and succeed today.

China uses a very corrupt system squandering most improvement.
Normal families and standing up to corruption seem like constant requirements people lose sight of too often.

[AnotherAlt]

The 25 Aircraft Carriers give us more respect/power on an international level therefore giving greater influence on trade deals.... they deter other countries from phucking with us, etc.

Gotta think deeper than "Give the money to the people so they can buy Nike shoes and iPhones"

I work in the military (not on aircraft carriers) and I can assure you there is tons of malinvestment baked into military spending.

F-35 production is spread over all 50 states, just to make it an unkillable project (since no congressman wants to kill jobs in their district)

We have over 100 Abrams tanks rotting in the desert because they don't want to turn production off (again, to save jobs)

Every year we buy brand new TVs and chairs to use up our budget. The gym gets new exercise equipment every year for the same reason. We throw out year-old treadmills.

Meanwhile we fly planes that saw service in Vietnam. The B52 still hasn't gotten an engine upgrade, even though it would pay for itself in fuel savings in under a decade. (The b52 fleet is projected to last to 2050 or beyond)

I spent 4 months in training where I spent 8 hours a week (not a typo) at work because I was getting trained by a contractor, and that was the way the contract was written.

[5x10]

Lol @ China gdp

[Peacening]

Standard of living here is pretty high. If China overtakes us on paper I guess that sucks? But take one look at how they live over there and realize we still da best.

[1hardgainer]

lol @ stock market hitting an all-time high the other day. So when do you think it's gonna crash?

[mesobuild]

The gym gets new exercise equipment every year for the same reason. We throw out year-old treadmills.

Can I buy these cheaply?

[exxtracool]

America still has a stronghold on technological innovation


Most of the largest tech and pharma companies in the world are US



Won’t last forever though so don’t get complacent. The communist ideology going around in your country right now can and will fuk that right up real quick.


Same goes with the US military. It’s the best thing you guys have going, don’t fuk it up and defund it because some blue haired queertards say so.

[MountainLion84]

I work in the military (not on aircraft carriers) and I can assure you there is tons of malinvestment baked into military spending.

F-35 production is spread over all 50 states, just to make it an unkillable project (since no congressman wants to kill jobs in their district)

We have over 100 Abrams tanks rotting in the desert because they don't want to turn production off (again, to save jobs)

Every year we buy brand new TVs and chairs to use up our budget. The gym gets new exercise equipment every year for the same reason. We throw out year-old treadmills.

Meanwhile we fly planes that saw service in Vietnam. The B52 still hasn't gotten an engine upgrade, even though it would pay for itself in fuel savings in under a decade. (The b52 fleet is projected to last to 2050 or beyond)

Ya, and that BS keeps things productive......... all the chit they blew on their budget (TV's, chairs, exercise equipment, etc.) funded jobs for other people and businesses.

The only time this chit doesn't work is if people stuff the money under their mattresses and hoard cash.

[AnotherAlt]

Can I buy these cheaply?

They get sent to DRMO to be sold at auction or something I think. Normally military members get first pick on things like this.