No way forward for America

Having watched the smoke clear and the dust settle a little, I asked myself the question, "What happens next for America?" And there are no acceptable options. None.. America was on life support with printed currency. Chinese manufacturing and Arab oil, while the world admired the Emperors new clothes.. But thats gone now, with the government of "Evil McNasty" about to take over and bury the rotting body..America is about to become a street hooker for the few rich people left and its not going to be pretty.. And there is no escape. Even the fanciful idea of rounding up and shooting the facists before they take over is a complete betrayal of American values..America sold its place in the future of the world and it is the fault of American voters...
https://www.thenation.com/article/politics/trump-is-america-not-a-fluke/

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GuiltyBiStander · 31-35, F

Excuse me Mr. World Banker, but I see a thick cloud of smoke covering up a lot of information - and I think it's coming from your direction 😑

Since you care so much about numbers and balance sheets, how come you're not pointing out that by far the biggest share of US
government debt is domestically held ? :

Oh! And that terrible foreign debt held by all those evil overseas money lenders, just waiting to send us the bill and bankrupt poor old Uncle Sam? It's $7.9 trillion as of August 2024 - But that's only anout half of what THEY OWE US :

That's right. Just like other countries buy our debt, we buy theirs. We've been doing it for over 70 years. And right now foreign governments OWE US over $15.3 trillion.

So based on all this I'm sorry to say I just don't see a "way forward" for your worn out arguments. I'm sure you just wanted to entertain everyone, but try a different scary story.

Maybe sasquatch ? ✌

whowasthatmaskedman · 70-79, M

@GuiltyBiStander You know what? I got ten minutes into marshalling all the CORRECT numbers for about the fifth time, when I suddenly realised that you can look it all up on my previous posts if you wanted. Thats called research and I did it enough times already. Cherry picking numbers to support your case, which is a side issue to my point is something I see all the time.
The facts are that America borrows year on year and the nation is living beyond its means by borrowing from and relying on nations that dont like you.. If you cant see thats a problem then me correcting your math isnt going to help you.😷

GuiltyBiStander · 31-35, F

@whowasthatmaskedman

Prove it.

Show me how anything that I've posted is wrong. And tell everyone how a country that's owed more than it borrows is bankrupt.

Stop talking about numbers you don't show, from sources no one sees.

That's called bluffing.

And what goes on in Vegas should stay there 😎

whowasthatmaskedman · 70-79, M

@GuiltyBiStander I didnt say what you posted was wrong. Just selective and irrelevent to my point. That poiny being tht America (and its people) have not lived withing their means for decades and in time those people have the means and will to force America back to a third world economy. All of which I have said before..😷

GuiltyBiStander · 31-35, F

@whowasthatmaskedman

I see.

But after reading over what you wrote in your original post, it seems to me that most of what you were arguing had to do with the risks of US debt held by other nations.

My point is : That debt is more than paid for by the bonds and securities the US holds from countries that have borrowed from us. The US is not just a debtor nation, we're a creditor nation to some of the world's best economies.

We're a long way from being insolvent, or on the brink of collapse.

whowasthatmaskedman · 70-79, M

@GuiltyBiStander On that last point we agree. America is way past being on the brink of collapse and it kept afloat only by the good will of its creditors..😷

GuiltyBiStander · 31-35, F

@whowasthatmaskedman

Stop saying that, and really look at the numbers - If that's actually what you care about.

One more time :
Foreign governments hold $7.9 trillion in US debt.

The US holds $15.3 trillion in debt owed to us by other countries.

What's keeping those accounts in favorable balance is not "the good will of creditors", it's our own basic financial strategy. And it's been working since 1944.

Telling everyone we're doomed with no way out is irresponsible.

whowasthatmaskedman · 70-79, M

@GuiltyBiStander Just ONCE. Do not confuse foreign investment by governments with Commercial debt owed by corporations and consumers for goods alreadt purchased, delivered and consumed by America and its citizens. Now fo away. This is starting to look like you trolling..😷

whowasthatmaskedman · 70-79, M

@GuiltyBiStander OK. Since you get to pick numbers, here is a total, (if 3 years old) picture of the situation. Only the numbers are bigger now and the situation is more dire. Its going to be over $40 Trillion by the time Trump is done..
[media=https://youtu.be/yq_E3HquRJY?t=202]