Posted on 08/19/2021 10:31:16 AM PDT by Kaslin
What’s interesting is that with all the economic, political and geopolitical stuff going on, gold and silver are DOWN.
If ever there was a buying opportunity...
Well, it looks like the people will have to do without now. Congress and their cronies, of course, will be exempt.
Welcome to the Weimar Republic part II. When both parties spend like drunken sailors while doing almost nothing to offset that spending, what did they think would happen?
I agree that the national debt is a HUGE problem, but I am sick of republicans that only worry about it when they are out of power.
We should state that if the ChiComs attack Taiwan, our debt to them is zero due to intellectual theft and the attack on a free people.
btt
That’s so old fashioned. Havent you heard of MMT? (Modern Monetary Theory) Yeah. That’ll save us.
I stopped worrying about the debt when I realized it wasn’t our country anymore.
Yep, it's China's problem.
You got it. And democrats only say they worry about it when they are out of power. Sad truth is, no elected anybody ever got unelected because of the debt - unless they tried to do something about it, like cut spending.
Well, it’s one of the reasons I’m no longer a republican. I realized 17 years ago that the D’s and R’s are just playing good cop / bad cop with us.
I stopped worrying about the debt when I realized it wasn’t our country anymore.
Your taxes will go up and/or your savings will be eaten up by hyperinflation regardless of whether you consider it your country or not, though.
You, me and the Babylon Bee:
I stopped worrying about the debt when I realized it would never get paid back (or even reduced) anyway...
Not a problem. Hunter has promised to empty his piggy bank to pay it off.
“In fact, interest rates on bonds have to outpace expected inflation for anyone to want to buy them.”
This article would be better if the author understood what he is talking about. Only a small part of the debt these days are bonds owned by others. Almost the new debt is the government lending itself money.
the government lending itself money
_____________________________________________________
The amazing inflation creation machine is brought to you by:
The Fed and The Treasury
China owes us about as much as we owe them (a little over one trillion). The differences being that China’s government owns the U.S. treasuries, of which we make our payments for regularly. That’s unlike China not paying on its treasuries, of which American citizens (really their heirs at this point) aren’t being paid what’s owed them.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.