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Originally Posted by ShyGuy
(Post 4017509)
Please don’t both sides what’s going on right now.
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Originally Posted by Clearedtocross
(Post 4017537)
Yep, in late October, 2025 we crossed $38 trillion.
On March 18th, 2026 we crossed $39 trillion. So in less than 5 months, we added $1 trillion. If our debt rating takes a hit - likely as we go deeper into debt - the interest paid for additional borrowing increases. The more debt we have, the more difficult it becomes to climb out of it, and the more likely we are to add to it. Metaphorically - a snowball rolling down a hill becomes increasing difficult to stop as it gathers both size and speed. Here’s an article if you like: https://finance.yahoo.com/economy/po...201328218.html “Not really” an issue so as long as two things remain true: Oil in Petrodollars US Dollar as the reserve currency Any other country that is insolvent would be tanked. But not us because those conditions are true. And we can just print money as a result. But anyone paying any attention to world events would see the rest of the world making an attempt away from the petrodollar thing, and who knows maybe one day the world reserve is no longer the dollar. We would start World War III, IV, and V simultaneously if that ever became the case. |
Originally Posted by ShyGuy
(Post 4017509)
Please don’t both sides what’s going on right now.
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Originally Posted by ShyGuy
(Post 4017552)
“Not really” an issue so as long as two things remain true:
Oil in Petrodollars US Dollar as the reserve currency Any other country that is insolvent would be tanked. But not us because those conditions are true. And we can just print money as a result. But anyone paying any attention to world events would see the rest of the world making an attempt away from the petrodollar thing, and who knows maybe one day the world reserve is no longer the dollar. We would start World War III, IV, and V simultaneously if that ever became the case. I don’t get the point about starting WWIII, IV, V as some sort of solution. World wars are economically devastating even for the “winner”, and that’s not even accounting for the massive amount of death, most of it attributed to displacement, exposure, disrupted food supply etc. its really not a good solution to anything. If you’re a “well then we can enjoy the spoils of war” type thinker, I don’t know what to tell you. I hope not. |
Originally Posted by ShyGuy
(Post 4017523)
So you just happened to have several hundred thousand dollars sitting as liquid cash to buy stocks in the event the market takes a huge dip.
Right. And Iran posed an imminent threat to the United States. |
Originally Posted by AAdvocate
(Post 4017567)
This is code for "please don't point out our hypocrisy"
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This whole thread turned into a discussion about why you should be buying bitcoin.
I try to orangepill anyone who will listen. Your dollars are eroding faster than your money market account can keep up. Not to mention it’s at a huge discount right now. |
Originally Posted by MiracleMets
(Post 4017615)
This whole thread turned into a discussion about why you should be buying bitcoin.
I try to orangepill anyone who will listen. Your dollars are eroding faster than your money market account can keep up. Not to mention it’s at a huge discount right now. A huge discount to what? There’s no intrinsic value. Also, reminder to never take financial advice from a pilot. Warren Buffett yes, overly confident pilot, no. |
Originally Posted by MiracleMets
(Post 4017615)
This whole thread turned into a discussion about why you should be buying bitcoin.
I try to orangepill anyone who will listen. Your dollars are eroding faster than your money market account can keep up. Not to mention it’s at a huge discount right now. |
Originally Posted by JamesNoBrakes
(Post 4017625)
So help sponsor terrorism?
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