[–] bush2016nazi [S] 0 points 1 point 1 point (+1|-0) ago
Hasbarian Black Hole, that is THE real reason behind US/European aggression towards Russia. China and Russia are twinned on this but China is simply too heavily entrenched in US finance and the Western economy to do anything DIRECTLY to it. Nonetheless, China and Russia and the BRICS are threatening the dollar which threatens the life of the black hole. The black hole CAN continue almost indefinitely so long as the dollar remains THE world reserve currency and the West follows neoliberal/austerian policies. Undermine that setup, however, and the dollar consumes itself and everyone dependent upon it. China and Russia have committed the one unforgivable sin: they have started setup of a competitor to the IMF, a pure tool of the US government, and are moving to creating a competing reserve currency. That cannot be permitted even though there is literally nothing short of actual war, nuclear war by necessity, that can stop it. Washington can try and destabilize Russia economically with the main goal of causing a popular uprising against Putin and his allies (the intent is to then put another Boris Yeltson into power, a puppet who is willing to gut his own country, loot his own people, to feed big banks and, ultimately, the Black Hole.
Russia and China are targets the same way that Libya was, but Libya was too small and weak to fend off the US and NATO. Libya was on its way to creating an All Africa Development Bank, with reserves backed by gold, tons of gold, acquired by Libya. The sin that must not be allowed to happen unpunished. It would have frozen out the IMF and, by extension, the US from ruling over Africa and its "development" (ie, privatization and looting). Libya was crushed by NATO and, mysteriously, all that gold vanished. Hmmmmm. Now Africa is once again subject to the gentle ministrations of the IMF unless and until the BRICS launch their alternative once and for all.
Basically, the US prefers failed states to coherent and prosperous states that are independent of US economic rule. The US would be happy to see Russia become a failed state if it cannot get its way and install a Yeltsonesque puppet again. Russia just hasn't cooperated thus far. I truly hope it holds out for while I don't particularly like Putins oligarchic government, I can't say I'd prefer to see it become a puppet US oligarchic state.
[–] Firebrigade ago (edited ago)
You can't just say this and then not include the evidence. Show me the math. Why is US debt not serviceable? The majority of it is owned by US citizens. The interest rate is very low, less than inflation. I fail to see the problem.
[–] bush2016nazi [S] ago
I just report the news, the CFR makes it, http://www.cfr.org/financial-crises/dangerous-us-government-debt/p22408
[–] bush2016nazi [S] ago
Well it's like Greece the debt can never be repaid. You understand yes or no?
[–] Firebrigade 0 points 1 point 1 point (+1|-0) ago
No. Greece's interest rate on its debt is very high and their revenue low. This is the exact opposite of the US.
[–] bush2016nazi [S] 0 points 1 point 1 point (+1|-0) ago
I will bite the bait, given It's a reasonable question, albeit very well might be a rhetorical question.
I used the Greek question to you, because perhaps you understand that USA debt is worse than that of Greece, the difference is Greece cannot print money for free and pay its not with free money. The problem in USA is eventually it has to quit printing free money, and using real money to service its debt, at that point realization sets in that debt cannot be service.
How does MATH work?
Well on & off books say debt is $30 Trillion dollars at historic interest rate that is 5%, then $150 billion/year which is more than the USA gets from its penal colony tax base. The only reason USA is alive today is that at zero percent interest, then interest on $30 trillion doesn't hurt so bad. Now the real problem as discuss by BIS is the Derivatives outstanding at $700 Trillion USD, some 10X the world GDP. Once debt goes unpaid like greece these derivatives get called, they're insurance funds, but there is NO MONEY THERE.
[–] Firebrigade ago (edited ago)
I think you may not understand money.
Average debt rate is 2.4%
This may be the case but seems irrelevant. We are not talking about the backup plan we are talking about if plan A if viable.