You are viewing a single comment's thread.

view the rest of the comments →

0
0

[–] bush2016nazi [S] ago 

Well it's like Greece the debt can never be repaid. You understand yes or no?

0
1

[–] Firebrigade 0 points 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.

0
1

[–] bush2016nazi [S] 0 points 1 point (+1|-0) ago 

Greece can never repay its DEBT, because there is not enough tax base to ever repay the DEBT, simple as that. USA is 10000X bigger problem, USA gets zero interest today, but like BIS said 3 days ago, its game-over for low interest, now its time to go back to historical rates which are 5% average. Now say USA has to pay $150 Billion/year on interest payment what percentage of TAX revenue is that? In normal GOV, once Interest is even 10% of revenue you have a problem when its 90% you have a crisis. So what do you do? You kick the can down the road, and the $30Trillion becomes $50 trillion, the problem is still there.

The DEBT can NEVER be repaid, the day of reckoning is very near.

AIIB/TPP is the canary in the coalmine Greece/PuertoRico default is the fire in the hay.

USA is running the BIGGEST PONZI scam in world history, and smart people have gotten out, sold out, moved out, and they're prepared but the USA public the Hasbara trolls will be caught like Bambi in the headlights.