US Debt is unsustainable

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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
 
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.
 
Casey Jones said:
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.
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No money spends quite as easily as other people's money does.
 
Joe King said:
No money spends quite as easily as other people's money does.
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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.
 
Was the real reason/cause of the spicy cough shitshow one to have countries borrow themselves into oblivion...?
 
Joe King said:
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?
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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.
 
There isn't even a good joke about the mess we are in. It is a no-win situation and the best someone could do is save themselves at this point.
 
a bit of a metaphoric photo when you look at it
US is stronger than shit militarily
But we seem to be in somewhat of a mess.
It's really looking like a lost cause.
And best idea now would be to save yourself.
nickndfl said:
It is a no-win situation and the best someone could do is save themselves at this point.
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Bottom Feeder said:
a bit of a metaphoric photo when you look at it
US is stronger than shit militarily
But we seem to be in somewhat of a mess.
It's really looking like a lost cause.
And best idea now would be to save yourself.
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We believe in nothing. We stand for nothing.

The populace is fragmented, both along tribal lines, and inflexible ideological camps/cults.

What IS all our problems, is this mountain of DEBT. And no one knows how to deal with it, except to "make THEM pay it!"

"Them" being the "other" cults/camps/tribes/classes.

We are not a nation, not anymore. Right now we have a kleptocracy in control - because they have run up the debt, buying their way into power. Now they need steal from anyone they can (like, Russia) to service the debt and keep the Ponzi scheme running.

That's what we stand for, now. Moar war, moar debt, moar theft, moar LYING. Moar CHAOS. The Polycrisis. The Long Emergency. To mask the morphing Technocracy, paid for by theft.
 
Casey Jones said:
"Them" being the "other" cults/camps/tribes/classes.
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You forgot other up and coming generations.


I told a 12yo the other day that she needs to learn well so that she can get a good job, because her generation is on the hook for $40 trillion.

lol
 
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Just a little food for thought.

blog.tenthamendmentcenter.com

Heading toward the Cliff | Tenth Amendment Center

The American people are complaining about affordability. The prices of groceries, automobiles, movies, clothes, gasoline, rent, mortgage payments, and just about everything else are soaring. Many Americans are having a very difficult time making ends meet.
blog.tenthamendmentcenter.com blog.tenthamendmentcenter.com
 
Bottom Feeder said:
plan for a catastrophe, hope for the best…
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The best WOULD be a catastrophe, in our current Clown World.

Blow up all this debt. Rid the planet of Useless Eaters - the control freaks who know nothing, understand nothing, but believe they're deigned by God to rule over us, micromanage us.
 
Joe King said:
Trying to inflate it away is how it's always been done.


You wouldn't expect it to paid off, would ya?
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Ya, but this isn't going to be the typical boiling frog inflation. I really think they've bankrupted the Corporation of the USA. Just announce and say tough cookies debt holders. That wasn't a real government anyway.
 
Voodoo said:
Ya, but this isn't going to be the typical boiling frog inflation. I really think they've bankrupted the Corporation of the USA. Just announce and say tough cookies debt holders. That wasn't a real government anyway.
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That would mostly hurt Americans. Over 80% of the debt is held by the American public.

Would you want debt YOU hold to be canceled?


Edited to add: that also cancels the $3+ trillion held by SS. Ie: bye bye everyone's SS money.
 
And that's why we hold gold and silver, but no worries, Israelis will be paid...
 
searcher said:
Ever wonder where they actually spend your money?
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DOGE was trying to find out where it went, but the Dems and other TDS'ers pitched so much of a bitch that they were forced to stop trying to find out where the money was going.
 
Joe King said:
DOGE was trying to find out where it went, but the Dems and other TDS'ers pitched so much of a bitch that they were forced to stop trying to find out where the money was going.
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Israel dammit, it went to israel...
 
Joe King said:
That would mostly hurt Americans. Over 80% of the debt is held by the American public.

Would you want debt YOU hold to be canceled?


Edited to add: that also cancels the $3+ trillion held by SS. Ie: bye bye everyone's SS money.
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I don't hold any debt cause I've seen this coming for years and years. So have many, MANY people. All warning you to sell all debt instruments.
 
Voodoo said:
I don't hold any debt cause I've seen this coming for years and years. So have many, MANY people. All warning you to sell all debt instruments.
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I don't own any US government debt either.
.....but if you have a bank account, some of "your" money is being held as US debt.
.....and if you are in SS, all of "your" money in it is held as US gov debt.

So again, 80% of US gov debt is held by Americans.
 
Joe King said:
Very little of it.

We've been over this before. The gov gives money to lots of nations, not just Israel as you would have us believe.
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I don't want my money leaving the country...its not theirs to waste.
 
Fatrat said:
I don't want my money leaving the country...its not theirs to waste.
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For better or worse, the representatives the People chose are the ones who decide how to spend it.

I get no more of a direct say in it than you do.
 
It is a good time to think about keeping cash around the globe in different currencies. I like Singapore, Panama and Georgia which pays 10% interest right now and has a stregthening currency.
 
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