Join the discussion
Write your take first — we'll ask for email only when you're ready to publish.
- Hacker News
- Another discussion: https://news.ycombinator.com/item?id=49366743by r721
- It was during the first term of Trump when he said something like "So long as people are buying oil in US Dollars, it doesn't matter how high the debt is."
It is reckless but he is kind of right. So long as it is the hemoglobin for a sizable bulk of global trade, it can potentially go a lot higher. But that is a path that ends in tears, any time between next Tuesday and 50 years from now.
by ColdStream - https://www.usdebtclock.org/ Bookmark that site; it has the stats on US Debt and related accounts.by orionblastar
- Since we run a deficit and aren't paying any of it, in less than 14 yrs the debt will double just because of interest accumulated. I think I'm being generous. It will probably take way less time. This can't continue.
- People can't see the exponential. That is why they think there is time. There is no time. Current play goes like this double the size of the stock market asap think trillion dollar new companies. Increase revenue through increased capital gains. Hope that this works before a forced default.by deadlast2