I remember it kinda and its driving me nuts

(http://www.autoadmit.com/thread.php?thread_id=5526035&forum_id=2).#47652022)

the $15 trillion printed from covid was a black swan event that barely anybody acknowledges or understands. $15 trillion is an *insane* amount of money

normies are so desensitized to this stuff that they glossed over it entirely. even like 15-20 years ago, if the government printed $15 trillion all at once, the public would have been freaking out

(http://www.autoadmit.com/thread.php?thread_id=5526035&forum_id=2).#47642013)

the only safe assumption i can make is that it's very bullish for other asset classes like crypto, land, etc

(http://www.autoadmit.com/thread.php?thread_id=5526035&forum_id=2).#47642165)

Afaik 700B is about the amount that was actually sent to normies out of the fraudvirus 15T. So that's about what it takes to buy off America.

(http://www.autoadmit.com/thread.php?thread_id=5526035&forum_id=2).#47642637)

I think the avg normie processes a billion as like 10 million. not 1,000 million. If we were required to say "million million" instead of trillion I think peoples' eyes would open

That being said, maybe people simply can't comprehend numbers that large no matter what you call them. it's just monopoly money, numbers on a screen. a million is a lot, a billion is a lot, a trillion is a lot. whatever, the adults are in the room. surely they wouldn't do anything stupid.

(http://www.autoadmit.com/thread.php?thread_id=5526035&forum_id=2).#47644528)

a regular person's brain doesn't think abstractly enough (and isn't capable of it) to understand what a "trillion" is. or even 100 million, really. if that

numbers that large are entirely abstract because they can never be physically/spatially represented in any coherent, legible, meaningful way. and regular people's brains operate entirely in the visuospatial and the emotional. not the abstract

and it shouldn't be their job, either (these people should be illiterate and milking cows etc)

(http://www.autoadmit.com/thread.php?thread_id=5526035&forum_id=2).#47646738)

Jews will push inflation so high that in real world purchasing power, $15 trillion in 2034 will be ~$200 million 2024.

Don't worry, it's all good!

(http://www.autoadmit.com/thread.php?thread_id=5526035&forum_id=2).#47642286)

I can't see anything getting cheaper. the counterpoint is that I would've said all this in 2009 and I would've been wrong

(http://www.autoadmit.com/thread.php?thread_id=5526035&forum_id=2).#47644537)

is far more indicative of nigger rich than anything resembling true wealth or status

(http://www.autoadmit.com/thread.php?thread_id=5526035&forum_id=2).#47644121)

What actually does any of this mean? Like, what happens?

Is this how it goes:

1. The US tells creditor nations "Sorry, not going to pay you"

2. Creditor nations can't do shit militarily, so they say, "ok fuck you, we are going to restrict US goods in our markets

(That seems suicidal for these nations)

3. US doesnt really want to stick these debt-holders, so it massively re-allocates dollars to pay down some of the debt, telling the current dollar recipients, hahaurfukd, no more social security, no more help with highways, we are laying off half of the desk jockeys who process military payments, everything is going to get really shitty if it relies on us right now

I have a retards level of economic understanding, so I don't quite understand what happens if the US cannot pay its debts

(http://www.autoadmit.com/thread.php?thread_id=5526035&forum_id=2).#47642641)

In sum:brrrrrrrrrrrrrrr

(http://www.autoadmit.com/thread.php?thread_id=5526035&forum_id=2).#47642658)

but what about defaulting or negotiating down the debts? I confess I dont really know who holds the debt and what percentage are foreign vassal states who can be told to get fucked, or domestic entities.

what happens in the hypo that the fed govt says "we're paying 80 cents on the dollar and thats the end of the conversation", or "we'll pay the principle, the interest can get fucked"

(http://www.autoadmit.com/thread.php?thread_id=5526035&forum_id=2).#47644511)

Foreign debt is more negotiable but it would provoke a global financial crisis and lead to capital flight from the US, ongoing printing and inflation, weakened purchasing power for US consumers.

It’s not that you literally can’t tell creditors to fuck off, it’s that doing so turns your country into Argentina. Which is a totally cool place if you already own a property you like, don’t need a job, and have safe assets outside the country, but otherwise is 100% dysfunctional and shitty for everyone.

(http://www.autoadmit.com/thread.php?thread_id=5526035&forum_id=2).#47645956)

1. We somehow, via tech or ai, grow our GDP massively. honestly possible

2. debt:gdp does breech 100% and starts going parabolic, in which case we print + cut. Inflation and job losses go crazy, and most of those jobs dont ever come back bc most of them are unnecessary even now and will be more so in 15 years

i guess a third possibility is a world war, hehe, which completely remakes the global economy and eliminates a good slice of our population.

(http://www.autoadmit.com/thread.php?thread_id=5526035&forum_id=2).#47646021)

Perfect example: even disregarding interest rates, the house I bought is only 2/3 of what I could have afforded a few years prior to buying it. Ten years from now, someone in my economic bracket will not be able to afford this house at all, and even though I will have fully paid off the mortgage by then, it will still be a large financial burden because of the increased property taxes.

Basically, the rest of your life is going to be a game of musical chairs where it becomes harder and harder to maintain the same standard of living. And avoiding niggers will become disproportionately harder than just the mere price increase of assets, because browns will have the numbers to vote more transfer payments from you to them.

(http://www.autoadmit.com/thread.php?thread_id=5526035&forum_id=2).#47646153)

“I think government departments should tell the public, ‘You gave me $50 billion. I said I was going to do X, here’s what I did,” Dimon said, before Ryan pushed back, noting government doesn’t work that way.

“I’m staying at JPMorgan for now,” Dimon joked in response.

(http://www.autoadmit.com/thread.php?thread_id=5526035&forum_id=2).#47642697)

https://thehill.com/business/4580742-jamie-dimon-on-ukraine-staying-on-sidelines-not-an-option/

https://www.marketwatch.com/story/jamie-dimon-praises-house-leaders-for-ukraine-israel-aid-deal-but-flags-difficulty-of-getting-anything-done-in-the-u-s-35e0cbe6

(http://www.autoadmit.com/thread.php?thread_id=5526035&forum_id=2).#47642833)

No one knows what will happen or what to do. Ds want to raise taxes, but it'll never be enough as they also won't raise taxes on enough people either.

There might be a precedent in the UK debt from the Napoleonic wars. If US economy rapidly grows - which it may very well do - then this will become less a problem as long as we don't keep adding to the debt. Har har har.

(http://www.autoadmit.com/thread.php?thread_id=5526035&forum_id=2).#47643110)

actually, that is sorta exceptional

(http://www.autoadmit.com/thread.php?thread_id=5526035&forum_id=2).#47644193)

Every dollar that is printed is *borrowed* into existence.

(http://www.autoadmit.com/thread.php?thread_id=5526035&forum_id=2).#47644616)

Debt only has significance if we give it significance. Let's just change the system so it no longer has significance. Why not?

(http://www.autoadmit.com/thread.php?thread_id=5526035&forum_id=2).#47646300)

Jobs are different as many workers produce nothing of value but retain sinecures because measuring productivity is hard and firing people is icky. However some amount of actual or virtual showing up is generally still required, and the money system is how our overlords incentivize and enforce the desired compliance.

But sure money is all imaginary, smoke some weed and ask mom and dad for more when you run out.

(http://www.autoadmit.com/thread.php?thread_id=5526035&forum_id=2).#47646475)

I have a feeling that the way the debt is tackled will involve changes in how debt as a concept is processed by sovereign entities. And people will figure out how to make a profit off of it by creating new ways of buying and selling that debt.

(http://www.autoadmit.com/thread.php?thread_id=5526035&forum_id=2).#47646641)

But even if we revert to a more crude model of debt with gold bars in vaults or some magical AI/blockchain/blah blah concept, it's all still an abstraction built on top of trade - which is real and includes clear consequences for nonpayment.

(http://www.autoadmit.com/thread.php?thread_id=5526035&forum_id=2).#47646848)

There's just too many dollars abroad that have to go somewhere, and that means the demand for US debt (both public and private) is and will remain sky high.

https://fred.stlouisfed.org/series/FYOIGDA188S

https://fred.stlouisfed.org/series/FEDFUNDS

(http://www.autoadmit.com/thread.php?thread_id=5526035&forum_id=2).#47648131)

"There's just too many dollars abroad that have to go somewhere, and that means the demand for US debt (both public and private) is and will remain sky high."

support the idea that USA should continue to run significant budget deficits

(http://www.autoadmit.com/thread.php?thread_id=5526035&forum_id=2).#47651885)