If Biden doesn’t have the mental capacity to run for office how can he continue to “serve” in office?

Get it all out now prior to Election Day. What will you come up with then? @whowasthatmaskedman

@jackjjackson Thats easy. I will go back to the economics of the situation. where every problem America had economically in the world. Like bugger all to sell that it actually makes and $35 Trillion in foreign debt. A lot of it to people who dont have Americas interests at heart and a currency with a fictional value "just coz", still exists.. Because no one has done anything about any of it since before Trump. Now every American owes other nations close to $100,000 per person for stuff Americans already consumed..And you are still living beyond your means by over a $ Trillion a year and gong nowhere. That will keep me busy for a while.. Now lets hear some more of that Trumpist style distraction and personal discrediting. Cos you got nothing else..😷

Each party has different plans for dealing with that. First we see who wins and whether or not that plan puts a dent in it. What are your thoughts about the downside of a simple default? @whowasthatmaskedman

@jackjjackson A sensible question. So default on soverign debt will likely not be simple. It would likely involve disavowing the $US as a means of exchange and creation of a new currency, with all old $ being worthless. Citizens with money in the bank would be OK. And people could hand their cash in for exchnage to the new model, whatever it is..Lets not deal with the issue of cash hoards being reportable for tax. Thats peanuts..But suddenly everything Americs imports will have to be paid for with something else. So any foreign cash reserves will be syphoned quickly at high prices. And them America will need to start selling the farm to pay for what it wants. Because no one will extend credit to a nation that already defaulted. Think shortages, companies like Ford amd GM unable to source parts.Production stopping, unemployment, inflation, hyperinflation. People longing for the good old days of the Great Depression..😷

Quite possible among many outcomes. One sticking point that comes to mind is that having goods to sell does the seller no good without buyers. Nonimported goods will be more attractive for example. Since the US could become a net exporter of energy and the number of energy sellers are limited that may supply some leverage. In addition the defaulted on countries would hypothetically now be operating in the red with few or any alternatives to improve that. @whowasthatmaskedman

@jackjjackson Thats likely part of the longer term.. But energy export is a temporary fix as it will run out and production costs will rise and effect the evironment. I am not super green. But blowout happen as to Exxon Valdiz'..And all it takes is reliance on one overseas supplier to paralyse any industry. As for locals stepping into the breach, Yes. But remember the production and jobs went overseas in the first place because of cost. So there is inflation again..Your 99c Walmart coffee mug can be made in the US. For $1.99😷

✅ @whowasthatmaskedman