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the U.S. national debt is sitting at 31.4 trillion dollars.

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By (user no longer on site) OP   
over a year ago

the total value of all goods and services produced in the United States last year was only about 25 trillion dollars. So with the word insolvency echoing around those with a vested interest the question is: are we looking at the end of the petrodollar and the rise of central bank digital currency? The long trumpetted great reset.

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By (user no longer on site)
over a year ago

That makes it the country owes rather more than 1/6th of its yearly income. I wish my debt was that low…

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By *bi HaiveMan
Forum Mod
over a year ago

Cheeseville, Somerset


"the total value of all goods and services produced in the United States last year was only about 25 trillion dollars. So with the word insolvency echoing around those with a vested interest the question is: are we looking at the end of the petrodollar and the rise of central bank digital currency? The long trumpetted great reset."

Debt is debt.

I don't see how a switch from printed money, of which extra has been printed by most governments in recent years and hasn't been linked to gold reserves for ages, to a non-physical digital currency will make any difference?

Maybe the reset that's needed is for all debt globally to be written off and everyone starts again, debt free?

A

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By *ools and the brainCouple
over a year ago

couple, us we him her.

When the debt is that high, it's the creditor's problem.

Imagine the interest on all of that?

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By *queakyclean69erCouple
over a year ago

Torquay / Fleet

Joe Biden has screwed the USA

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By *enny PR9TV/TS
over a year ago

Southport

According to the crazy Republicans all they have to do is stop paying Medicare and Social Security, as MTG once said "No one in America is poor, or at least no one that matters."

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By *abioMan
over a year ago

Newcastle and Gateshead


"Joe Biden has screwed the USA "

Actually none of Biden’s proposed spending is part of that figure …

Actually a lot of that is the trump spending and that massive tax cut he gave himself and his rich mates !

What normally happens is they all just decide to raise it every 6 months so they don’t default of things like paying pensions and social benefits, and paying federal staff

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By *ools and the brainCouple
over a year ago

couple, us we him her.


"Joe Biden has screwed the USA

Actually none of Biden’s proposed spending is part of that figure …

Actually a lot of that is the trump spending and that massive tax cut he gave himself and his rich mates !

What normally happens is they all just decide to raise it every 6 months so they don’t default of things like paying pensions and social benefits, and paying federal staff "

It's amazing isn't it, you watch shows like Narcos for example depicting south American countries as corrupt and dishonest yet our own government and the good old US of A who sell themselves as paragons of Virtu and honesty are everybit as crooked and corrupted as any government in the world.

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By *illi3736Woman
over a year ago

Glasgow


"Joe Biden has screwed the USA "

Yet historically it is the Republican leaders who always add mountains of debt on the nation and Democrats who lower the debt . Trump was the usual Republican disaster in this regard

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By *abioMan
over a year ago

Newcastle and Gateshead


"Joe Biden has screwed the USA

Yet historically it is the Republican leaders who always add mountains of debt on the nation and Democrats who lower the debt . Trump was the usual Republican disaster in this regard"

That is the thing… the meta is always the people on the left are the ones who spend spend spend and the ones on the right are the fiscal ones… but actually Clinton left a surplus… and Obama lowered the debt… bush and trump are the 2 worst debt deficit presidents in history!

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