The road to 50 trillion

**YourDaddy** · 20-01-2023, 09:52 AM

U.S. National Debt Has Reached an All-Time High of $31.41 Trillion

U.S. National Debt Has Reached an All-Time High of $31.41 Trillion U.S. National Debt Has Reached an All-Time High of $31.41 Trillion

**Backspin** · 20-01-2023, 10:31 AM

$500,000+ per Seppo

**Seekingasylum** · 20-01-2023, 11:17 AM

Debt is currency and sovereign debt in our fiat capitalist global economy is as blue chip as you can get. The Commie Chinks are the biggest customers for American debt which makes it all the more laughable that they would ever go to war with Uncle Sam.
Which is why Putin’s threats to go nuclear in his war are as empty as a whore’s promise, as if Xi would let him go near the button.

**harrybarracuda** · 20-01-2023, 06:08 PM

Originally Posted by YourDaddy

U.S. National Debt Has Reached an All-Time High of $31.41 Trillion

Is that some kind of landmark?

**Stumpy** · 20-01-2023, 06:16 PM

Originally Posted by harrybarracuda

Is that some kind of landmark?

It's a troll thread by YD. He knows virtually nothing about economics and how it all works. He just saw a big number way beyond his comprehension and he posted it.

Take a break YD. Get a bowl of Noodle for 40baht and relax.

**bsnub** · 20-01-2023, 06:35 PM

Originally Posted by Stumpy

Take a break YD. Get a bowl of Noodle for 40baht and relax.

He is couch-surfing at his mother's condo in Toronto. Penniless and hopeless.

**david44** · 20-01-2023, 06:36 PM

While single figures to 20 trillion took 3 decades , 20-30 barely one.

However US is unique in being able to print almost endlessly for now as loads of offshore demand.

The issue is political football, of course its a big number its the largest economy.

Some 2020 figures

Debt to GDP Ratio by Country 2023

Top 12 Countries with the Highest Debt-to-GDP Ratios (%)

Venezuela — 350%
Japan — 266%
Sudan — 259%
Greece — 206%
Lebanon — 172%
Cabo Verde — 157%
Italy — 156%
Libya — 155%
Portugal — 134%
Singapore — 131%
Bahrain — 128%
United States — 128%

As of December 2020, the nation with the highest debt-to-GDP ratio is Venezuela, and by a considerable margin. The South American country has what may be the world's largest reserves of oil, but the state-owned oil company is said to be poorly managed, and Venezuela's GDP has plummeted in recent years. At the same time, Venezuela has taken out massive loans, adding to its debt burden, and president Nicolas Maduro has made questionable moves to slow the country's rampant inflation.
Japan occupies the second slot with a ratio of 266%. In 1992, Japan's Nikkei (stock market) crashed. The government bailed out banks and insurance companies, providing them with low-interest credit. Banks were consolidated and nationalized, and other stimulus initiatives were used to help the struggling economy. However, these actions caused Japan's debt to increase dramatically.
Another interesting entry on this list is the United States, whose debt-to-GDP ratio ranks 12th out of all the world's countries. While the U.S. boasts the highest GDP in the world,, it nonetheless spends more than it earns. Major contributors to the national debt include the world's largest military budget, tax cuts (which reduce government income and rarely result in a corresponding increase in economic growth), COVID-19 relief efforts, and mandatory-but-underfunded programs such as Medicare.

All major democracies have surpassed 100% of GDP aJapan , Itaky etc debt than USA with fewer creditors, resources or mineral reserves.

So long as commodities are priced in Dollars there will be demand

Who would want payment in Viet Dong, Zimbabwe Toliet tissue or Venzualan Kleneex , try finding a taxi to tale a Scottish note is hard enough in London.

IMHO fall in Kwai , Sterling since Brexit and stiffer Swiss banking laws have all aided the greenback

Sure there were forecast the Euro and later BRIC,S SCC and crypto might replace the dollar but it hasn't happened

You always know the Mickey Mouse countries like Indo , Laos where they won't even accept their own currency to pay for entry. The Thai Consuls in Vietnam or Laos don't want any local nor slyamease loot, crsip clean greenbacks only ,the nongs choice.

**Norton** · 20-01-2023, 06:46 PM

Originally Posted by Seekingasylum

The Commie Chinks are the biggest customers for American debt

Over a $ trillion. A tidy return of 6% with added value of depressing it's currency.
A deal the can't refuse.

**YourDaddy** · 20-01-2023, 06:50 PM

Originally Posted by Stumpy

It's a troll thread by YD. He knows virtually nothing about economics and how it all works. He just saw a big number way beyond his comprehension and he posted it.

Take a break YD. Get a bowl of Noodle for 40baht and relax.

Sez a guy whoz only investments are bottles of alcohol and a house on the wife's name in Isaan

**HuangLao** · 20-01-2023, 06:51 PM

Almost impossible to acquire debt when any true wealth or worth is non-existent.
Just making it up as we go.

It's all good.
Expanding the fanciful empire.

**aging one** · 20-01-2023, 07:11 PM

Originally Posted by YourDaddy

Sez a guy whoz only investments are bottles of alcohol and a house on the wife's name in Isaan

He does not live in nor anywhere near Isaan, which can really be beautiful by the way.

**Stumpy** · 20-01-2023, 07:16 PM

Originally Posted by YourDaddy

Sez a guy whoz only investments are bottles of alcohol and a house on the wife's name in Isaan

You tool. I have a nice investment portfolio in the states. Alcohol (as you call it) is not an investment, its to be enjoyed and I do not live in Isaan. That sums up your stupidity quite frankly. Open your mouth and remove all doubt as they say.

**YourDaddy** · 21-01-2023, 08:45 AM

Originally Posted by Stumpy

You tool. I have a nice investment portfolio in the states. Alcohol (as you call it) is not an investment, its to be enjoyed and I do not live in Isaan. That sums up your stupidity quite frankly. Open your mouth and remove all doubt as they say.

The only thing being removed is your portfolio from your Thai family

**Edmond** · 21-01-2023, 11:27 AM

Old men losers polluting the News Forum again. :/

One stumpy lad that spends everyday drinking alone.

One obese lad that spends every night drinking alone in a US state he's never left.

One 90 year old lad that concocts stories of pedophilia and spreads them around when he gets a red repo (...or maybe two

) while consisting on a pregophilia diet.

Top thread YD.

U.S. National Debt Has Reached an All-Time High of $31.41 Trillion

Is S Landreth patriotic?

Maybe he could pay it off.

**Stumpy** · 21-01-2023, 12:08 PM

Originally Posted by Edmond

Top thread YD.

I figured you'd be along to groom your little troll protégé

Top response LuLu.

**HuangLao** · 21-01-2023, 05:06 PM

Originally Posted by Edmond

Old men losers polluting the News Forum again. :/

One stumpy lad that spends everyday drinking alone.

One obese lad that spends every night drinking alone in a US state he's never left.

One 90 year old lad that concocts stories of pedophilia and spreads them around when he gets a red repo (...or maybe two

) while consisting on a pregophilia diet.

Top thread YD.

Is S Landreth patriotic?

Maybe he could pay it off.

**YourDaddy** · 23-01-2023, 07:35 AM

Today

31,505,xxx,xxx,xxx

How many tazlaz?

https://www.usdebtclock.org/

**HuangLao** · 23-01-2023, 08:11 AM

That's just the government's debt.
The numbers of personal debt might be astounding.

Land of delusion.

**YourDaddy** · 23-01-2023, 08:25 AM

Originally Posted by HuangLao

That's just the government's debt.
The numbers of personal debt might be astounding.

Land of delusion.

But it's land of the free..... internet keyboard warriors

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