US Public Debt $27.2 trillion

IG Professor

IG Professor

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Until when it can go like this? I mean.. everyday day that the dollar is worth something is a bless.
The fed printing money out of thin air without backing it up with gold
How would u prepare yourself for the day it will happen?
 
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DunderMannen said:
You don't seem to understand much about the banking industry, ans global economics.

Watch this:
Click to expand...
Love it, some random guy on internet says bank can print money, FED can, bank cant. Overall guy from video dont understand banking system at all.

I lend my friend Jacob 1k USD and he will give me back in a month.
My friend Jacob lend his friend John 1k USD (that 1k USD he just got from me) and he will get back this money in a week.
According to video, we just printed money, and we all have total of 3k USD.
This video is half brain bullshit.
 
IG Professor said:
Until when it can go like this? I mean.. everyday day that the dollar is worth something is a bless.
The fed printing money out of thin air without backing it up with gold
How would u prepare yourself for the day it will happen?
Click to expand...

Why do you worry about that? Think about the crisis of 2008 how economy stand up because of the massive stimulus packages some people got caught in the middle just as numbers, just dont let that crisis get you just as a number and don´t put all the eggs in the same basket.
 
skule said:
Why do you worry about that? Think about the crisis of 2008 how economy stand up because of the massive stimulus packages some people got caught in the middle just as numbers, just dont let that crisis get you just as a number and don´t put all the eggs in the same basket.
Click to expand...

I am not sure if you can compare 2008
I mean, covid wasn't exist in 2008
 
IG Professor said:
I am not sure if you can compare 2008
I mean, covid wasn't exist in 2008
Click to expand...

In my opinion covid is the same as the housing bubble and even weaker, countries are able to reopen with obligatory use of facemask and in a couple of months herd inmunity, economy recovering, etc.

https://usdebtgobrrr.com/
 
IG Professor said:
Until when it can go like this? I mean.. everyday day that the dollar is worth something is a bless.
The fed printing money out of thin air without backing it up with gold
How would u prepare yourself for the day it will happen?
Click to expand...

The EUR to USD isn't at it's 5 year high, let alone all time high.
 
Until when it can go like this?
Click to expand...
US public debt is equal to around 100% of US GDP, after WWII US debt jumped to 113% GDP and we are still here, nothing happened.
Japan debt is around 200% GDP and they are fine.

How would u prepare yourself for the day it will happen?
Click to expand...
Nothing will happen, preparing is pointless.
 
satyr85 said:
Love it, some random guy on internet says bank can print money, FED can, bank cant. Overall guy from video dont understand banking system at all.

I lend my friend Jacob 1k USD and he will give me back in a month.
My friend Jacob lend his friend John 1k USD (that 1k USD he just got from me) and he will get back this money in a week.
According to video, we just printed money, and we all have total of 3k USD.
This video is half brain bullshit.
Click to expand...
You do not understand the concept of 'money multiplier' in the banking system. What your friends can do is different to what the bank can do.

The bank can lend you $1k USD from $1.2k that someone deposited with them, then you put that $1k in a bank account and the bank can take $900 of your deposit and lend someone else $900 from your $1k.. That person deposits the $900 in the bank and now the bank takes $800 and lend to yet another guy! So already the bank has lend out (printed) $1700 from original $1.2k. They can do this up to a set max their are allowed. Thats a very basic explanation. So now the bank printed $1700 extra USD so far + original $1.2k usd.
 
It's called fractional reserve banking, and conspiracy theorists have been talking about how utterly fucked the banking system is for years.

I'd guess there's going to be a collapse of the USD and it will have more impact than 10 global pandemics rolled into one.

If the mainstream financial industry collapses in a way much larger than the GFC, then cryptocurrencies will see a huge (HUGE) amount of investment.

Same thing happened in Cyprus in 2013 (leading to the March bull run in 2013) and also in Venezuela over the past years. Mainstream financial collapse = people massively diverted their money into Bitcoin both times.

It will happen the same way when the USD collapses. All the unrest in the US is the catalyst, it will be too much for the US economy to take and will spark an enormous financial collapse. GFC was just based on years of inflating the economy with shitty house loans and look at the global impact that had. This is based on the fundamental value of the USD, or lack thereof.
 
Last edited by a moderator:
Trillions and billions.. I am targeting to be a millionaire but need to wait for my turn..
 
sooner or later the us dollar will crash, the economists been preparing for this for years, i think the elite will crash the economy by intend so they can rebuild a new economy all the currencies will be replaced with digital coins as were heading toward a
future where everything is controlled by the internet, and AI
 
IG Professor said:
How would u prepare yourself for the day it will happen?
Click to expand...
invest in digital coins, buy physical gold and silver, secure your money in real estate
money has no value its just papers, gold and silver is the real money, all banks systems are scamming people.period
 
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