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Stepping back from US politics for a second

Lets check the numbers that matter...
US debt to other nations in borrowings held largely in treasury paper. But also in gold held for other nations in US reserves (which may or may be be there in fact. But thats another argument.)
Approaching $40 Trillion FAST..
US Consumer debt: Mostly Credit cards, auto and other loans $18.8 Trillion (Thats about $57 K for every single American)
And a Budget Deficit in the current years of $1.4 Trillion.

None of these numbers are trending well and at least the two larger ones are all time highs with no sign of even levelling off.
Now my question, is simple. Why would any politician of either side wish to become responsible for this terminal $h*t show by winning the next US election??
I welcome an honest answer from either side..😷

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samueltyler2 · 80-89, M

Are we great yet?.

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Therealsteve · 31-35, M

@whowasthatmaskedman I didn't say that at all. You don't exist as a country. You exist as a single person. You didn't dig anything, unless you are talking about bad life choices.

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whowasthatmaskedman · 70-79, M

@Therealsteve Sorry. Either we are talking at cross purposes or I am missing something here..😷

Roundandroundwego · 61-69

The rest of the world has to stop investing in US wars. They are, gradually.

whowasthatmaskedman · 70-79, M

@Roundandroundwego Serious money is now global and is flowing out.Medical research in particular used to be snapped up and owned by America. Now they seek international partnerships with joint ownership and invest elsewhere..😷

Picklebobble2 · 61-69, M

That

May or may not be there

line is interesting 🤔

whowasthatmaskedman · 70-79, M

@Picklebobble2 Several European nations had their gold stored in the US Federal reserve for safety, hedging against a conflict in Europe. Italy, France and Germany have all "repatriated" gold, the concensus being that it may be safer at home than in America. My information is that Germany was the first to request some of its gold back and it took over two years to actually get the deal done. While France was "encouraged" to actually sell its gold (at a handsome profit I might add) to America, rather than take physical delivery in an "Italian Job" style operation. Murmurs persist that none of these countries actually sighted their gold during these procedures..Leading to speculation it was double counted as part of the US stockpile..😷

Picklebobble2 · 61-69, M

@whowasthatmaskedman Yes having seen the Trump responses when this first became an issue i wondered if he or the U.S treasury had 'purloined' it for their own accounting.
Given Trump declaring the gold standard 'dead' in Trump 1.

PicturesOfABetterTomorrow · 41-45, M

Then you have the EU which is foaming at the mouth to start a direct war with Russia, but have no military or weapons to fight and there is maybe one country out of the lot that is not at 100% debt to GDP and Germany is at about 80% and committing economic suicide for this nonsense too.

The entire west is determined to speedrun their fall into irrelevance.

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PicturesOfABetterTomorrow · 41-45, M

@samueltyler2 You start from the position that Russia is some evil empire from a fantasy novel and work backwards and ignore anything that doesn't fit including decades of history.

samueltyler2 · 80-89, M

@PicturesOfABetterTomorrow you start from closing your eyes to 80 odd years if Russia abd the USSR being that evil empire. Be serious! I am not a fan of Reagen but he called upon the USSR to tear down the wall, not just physically.

Therealsteve · 31-35, M

I have a question about this. What direct and substantial control do you have over any of that?

whowasthatmaskedman · 70-79, M

@Therealsteve A fair question. Absolutely none. I merely observe and report. In context, I offer a sign saying "Minefield ahead". Whether you take notice and how you react is up to you. I have been counselling that Americas economy is so bad, that those who are able might wish to migrate. Or, to be realistic, maybe join an Amish like community. The impact on them will likely be less than most people.😷

Convivial · 26-30, F

Sometimes, psychology says problems become so big they are ignored... The can just keeps getting kicked down the road for the future to worry about... In the meantime it's prestige and power that are the immediate goals

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whowasthatmaskedman · 70-79, M

@Convivial America has been kicking this can since Nixon, putting in more effort each time. This time I think the world is going to call them on it..😷

Convivial · 26-30, F

@whowasthatmaskedman with an interest only bill of one trillion a year it's getting close...

whowasthatmaskedman · 70-79, M

@Convivial And that bill will rise sharply as inflation (which the FED has decided is a lesser evil) takes hold..😷

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