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
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Archived on: 2/12/2017 1:51:00 AM
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Archived Einstein of Russia Say's "It is a Mathematical Certainty that USA Will Collapse Very Soon" (zerohedge.com)
submitted ago by bush2016nazi
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[–] 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
Your asking the wrong question, the right question when will USA have to pay $1 Trillion a year on interest payments, which equal to how much they soak from public. Answer is 2020, and this is if USA hegemony win's, it will not, the shit will come down much sooner.
http://freedomoutpost.com/2014/01/will-interest-us-national-debt-exceed-1-trillion-will-fed-hike-rates/
[–] bush2016nazi [S] ago
Read "Primer on Money" from 1960's US GOV Congress if you want to understand what is money in USA.