National Debt = 28 Trillion. In the Last Year (COVID)... We Spent 19.5 Trillion.. WTF

[sg1976]

I knew we were printing and spending money like crazy... but WTF... is this real? In4 fact checkers...




Either:

A) Our government is full of complete imbeciles = the average person is about to get screwed hard.

or

B) We're on the verge of some major war/conflict, some massive catastrophe, or a huge economic reset and the elite behind the scenes are using COVID spending as cover = the average person is about to get screwed hard.

Economy is being artificially impregnated by stimulus money. Expect a post covid boom follow most likely by a depression. This is how stupid our politicians are.

[VegasLifter26]

every civilization in history which has printed money has collapsed

[whitepaper]

Oh, you will pay. Most of the debt is owed to ourselves in some form or other.



About 70% all together in 2018. Didn't spot a more recent year. I would expect for the government to continue to play tricks with calculating inflation to the bitter end as it affects how much money they pay out to retirees.



Odds that this is just a bug and not a feature?



Not sure if srs.

Trump was clearing the swamp.


That meant reduced spending, and cuts all around to anything that was not important.


There is no way he increased the deficit. I'm 1000% sure he reduced the deficit by at least half.


If the deficit was increased, it was Biden buying up vaccines

[eatmycrackers]

I keep thinking to sell the $20k of gold and silver I have to pay down a $20k credit card. Point being that I want to be out of debt and seeing that credit card balance is pissing me off.

I imagine your card is at 17%+ interest. I don’t think gold has performed too well this year. I would sell it all to wipe out your debt srs

[Devils]

Debt doesn't mean anything to them, they'll just print more money which devalues all our assets and bank accounts. Basically stealing the value of our labors from bank accounts. There is no intention of paying anything back, you only need enough military strength to say "No" and you never have to pay it back.

Just lol at any country asking some nation like China or USA to pay it's debts.

[faxanadu]

I keep thinking to sell the $20k of gold and silver I have to pay down a $20k credit card. Point being that I want to be out of debt and seeing that credit card balance is pissing me off.

I idiotically put myself in your exact situation. One of my outs was also selling precious metals. I chose a different route though. I couldn't come to grips selling something of value... that could explode in value... to pay off pointless credit card debt.

0%... i assume that's because you did a balance transfer?

[swoleyo]

Debt doesn't mean anything to them, they'll just print more money which devalues all our assets and bank accounts. Basically stealing the value of our labors from bank accounts. There is no intention of paying anything back, you only need enough military strength to say "No" and you never have to pay it back.

Just lol at any country asking some nation like China or USA to pay it's debts.

Agree with this. America could technically just write the debt off. What country would try to forcefully collect it? I do think there's a movement from within America to destroy America but it doesn't seem to be fully thought out.

[benyu]

sort of pathetic by OP to post about a video having Bernie as the thumbnail but he was just elected lmao

Literally gives you zero credibility in any of your post.

[JIA]

This pandemic will be the greatest wealth redistribution and forced majority inequality in the history of this country.

What is worse is that we have damaged the fair association between labor and money, for we have now 15 year old doge coin millionaires who bought them merely as a joke. Gain a lot of $ for creating very little value.

It's no wonder fast food restaurants and min wage roles are facing a labor shortage as no one is willing to work them when the easy prospects of crypto, meme stocks, and social media fame for fast instant gratification wealth generation is so appealing.

I guess it's good that people are waking up to jobs being modern slavery, but eventually society will collapse if the backbone of real value creation collapses.

[FAPhaggot]

It's the Federal Reserves fault for allowing it to happen. They have already let the inflation genie out of the bottle and he aint going back for a while. Don't believe that this inflationary period is transitory due to the stimulus to get through covid. This was happening well before covid and now that the Fed is scared chitless of causing an absolute meltdown they continue to tow the line that "it's transitory, and we'll let inflation run high while we recover" is just pure bull****. It doesn't take a retard to notice how expensive everything is getting, how scarce electronics are getting, how market fundamentals make no sense anymore. Way too much money chasing very few goods.

^ ^ ^

This either ends in hyperinflation, an asset market collapse, or both. Fed is locked into a game of chicken at this point.

[swoleyo]

This pandemic will be the greatest wealth redistribution and forced majority inequality in the history of this country.

What is worse is that we have damaged the fair association between labor and money, for we have now 15 year old doge coin millionaires who bought them merely as a joke. Gain a lot of $ for creating very little value.

It's no wonder fast food restaurants and min wage roles are facing a labor shortage as no one is willing to work them when the easy prospects of crypto, meme stocks, and social media fame for fast instant gratification wealth generation is so appealing.

I guess it's good that people are waking up to jobs being modern slavery, but eventually society will collapse if the backbone of real value creation collapses.

The exploitation of low wage workers needs to stop. I work less at a 88k/year job then I did my first job as a paper boy. There has to be a better system where people can get paid a descent livable wage despite not being the most intelligent person. Not everyone is created equal and just because someone didn't roll the best numbers on the genetic and family lottery doesn't mean their life should be total ****.

[Max7771]

hope ur buying s&p 500 with every paycheck. if your not, youre fcked.

Cheers

S&p 500 isn’t recession proof

[entropy91]

The exploitation of low wage workers needs to stop. I work less at a 88k/year job then I did my first job as a paper boy. There has to be a better system where people can get paid a descent livable wage despite not being the most intelligent person. Not everyone is created equal and just because someone didn't roll the best numbers on the genetic and family lottery doesn't mean their life should be total ****.

This

We need to adapt.

[mcdojo]

Why you think people are buying crypto? Your usd is worthless.