US Debt is unsustainable

[searcher]

This one is a bit different. It's about world debt.

Aug 29, 2026
US public debt just crossed $40 trillion, but the country is hardly the only one facing fiscal troubles. Nations around the world took on record debt during Covid, and many have struggled to bring spending back under control. Chrystia Freeland, who faced this problem herself as Canada's Finance Minister, speaks with former Dutch Finance Minister Sigrid Kaag and former German Finance Minister Christian Lindner about why fiscal discipline is so politically difficult and what the rest of the world can learn before markets force the issue.

The Ugly Truth About the Debt Crisis
12:12

 

[Casey Jones]

It's only politically difficult, when you lack the will and the integrity.

This is the endgame of a monetary system based on debt and focused on bribing the public out of the government coffers...moar accurately, out of the government debt accounts.

 

[Joe King]

It's only politically difficult, when you lack the will and the integrity.

This is the endgame of a monetary system based on debt and focused on bribing the public out of the government coffers...moar accurately, out of the government debt accounts.

No money spends quite as easily as other people's money does.

 

[Casey Jones]

No money spends quite as easily as other people's money does.

Now you know why government was so eager to abandon a PM-based currency.

But the end result was predestined. They just hoped (correctly, unfortunately) that they could keep the plates spinning longer than their own lives. But, a delayed reaction is exponentially multiplied.

This coming one may well make the Medieval Ages look prosperous.

If there's anyone left who can write history. It seems the fecund population groups, are the ones without intelligence to develop even the wheel or water navigation. We're committing special suicide - the hominids, the modern Piltdown Races, are the ones who are being brought in to kill us off and take over.

 

[chieftain]

Was the real reason/cause of the spicy cough shitshow one to have countries borrow themselves into oblivion...?

 

[Voodoo]

Problem is though if you are a card carrying member of that fiction, it's your debt too.

That debt represents money that the card carrying members are counting on receiving in old age.

Your SS "money" is part of that debt.

The gov goes belly up, debt gets cancelled, then what?

The government is broke, no IRS agents to chase you down. Don't tell me you think you're getting some sort of money back from them do ya?

Then we just go about life and creating a new economy.