Re:No, the US does’t have $30T in debt
by simonblack on Friday February 04, 2022 @07:29PM
(#30215624)
Twenty trillion, thirty trillion: it's just splitting hairs.
There is NO WAY that debt will ever be paid back. Sure it could be 'monetised away' by hyperinflation, but that amount of value in 'real dollars' (whatever they may be !) can only be evaporated away and lost. Glad it's not me that lent that money to Americans. And don't think those people that did lend that money will be dumb enough to ever do it again.
Things are going to be 'poor, nasty and brutish' for Americans, but it won't be 'short'.
"No arts; no letters; no society; and which is worst of all, continual fear, and danger of violent death: and the life of man, solitary, poor, nasty, brutish and short." - Thomas Hobbes
There is NO WAY that debt will ever be paid back. Sure it could be 'monetised away' by hyperinflation, but that amount of value in 'real dollars' (whatever they may be !) can only be evaporated away and lost. Glad it's not me that lent that money to Americans. And don't think those people that did lend that money will be dumb enough to ever do it again.
Things are going to be 'poor, nasty and brutish' for Americans, but it won't be 'short'.
"No arts; no letters; no society; and which is worst of all, continual fear, and danger of violent death: and the life of man, solitary, poor, nasty, brutish and short." - Thomas Hobbes