Archived Einstein of Russia Say's "It is a Mathematical Certainty that USA Will Collapse Very Soon" (zerohedge.com)
submitted ago by bush2016nazi
Posted by: bush2016nazi
Posting time: 5.4 years ago on
Last edit time: never edited.
Archived on: 2/12/2017 1:51:00 AM
Views: 703
SCP: 2
8 upvotes, 6 downvotes (57% upvoted it)
Archived Einstein of Russia Say's "It is a Mathematical Certainty that USA Will Collapse Very Soon" (zerohedge.com)
submitted ago by bush2016nazi
view the rest of the comments →
[–] 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] 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.
[–] 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.