American Debt of 20 Trillion dollar , had money been just gifted to people

[AZADPAKISTAN2009]

America's National Debt was around 20,000,000,000,000 USD (20 Trillion Dollars) was divided between 300 million people of country , how much every one would get

• Each citizen would end up with $66,666 USD in their Bank Account to spend away for anything they liked
• A Family of 4 would have had a Bank Balance of 266,666 USD in their Bank Account

>$133,000 USD would have been enough to provide Insurance for whole family for 25 years (4 People in Family insured)


>$133,000 USD would have given each citizen $1,000 Check each month to Pay Rent for 11 years for family of four that means rent check for 44 years

However inflation is generally the same out in USA
This part is a bit strange to me why the prices remain same


​

Whole Apollo Mission was 0.12% cost of that total
Could have created 833 Apollo Programs i.e 833 Programs to Land on Planets of Solar System or Beyond

a) Could have landed on Mars (many times)
b) Could have constructed a base on Moon (and serviced it)
c) Could have landed on many moons around Saturn/Jupiter
d) Could have even constructed a Permanent Space Craft (Size of a City Block in space)

 

[tower9]

Meanwhile most of that was money printed straight to Wall Street's coffers.

 

[OldenWisdom...قول بزرگ]

However inflation is generally the same out in USA
This part is a bit strange to me why the prices remain same

​

American inflation is outsourced, i.e. in asset bubbles, stocks or just buying foreign goods and services. If all the money in world returns to the U.S. and bubbles pop, you'd literally need the trunk full of cash of a Suburban to purchase daily groceries.
Which is where, virtual currencies and their valuations come in, if there is only so much of bitcoin and x times of cash obviously it'll cost more to purchase a limited asset... but that is not how a currency should behave(different topic). But what it does is that it condenses all that cash in your wallet in a smaller usable fraction.
Perhaps a solution when or if all that cash makes it back home.​

 

[tower9]

American inflation is outsourced, i.e. in asset bubbles, stocks or just buying foreign goods and services. If all the money in world returns to the U.S. and bubbles pop, you'd literally need the trunk full of cash of a Suburban to purchase daily groceries.
Which is where, virtual currencies and their valuations come in, if there is only so much of bitcoin and x times of cash obviously it'll cost more to purchase a limited asset... but that is not how a currency should behave(different topic). But what it does is that it condenses all that cash in your wallet in a smaller usable fraction.
Perhaps a solution when or if all that cash makes it back home.​

The USD is heading downwards. It won't happen overnight. But countries will slowly move away from the USD as reserve currency. The downfall will come as a light drizzle, then suddenly it will become a monsoon and most Americans will have their living standards destroyed because of hyper-inflation, especially since the majority of Americans have little savings anyways. I am trying hold as little $$$ as possible and moving it towards any assets I can get.

I have ABSOLUTELY ZERO faith in our ruling class having the competence or foresight to control their plundering in order to prevent the collapse of the American empire. I had little faith before Covid and now I have ZERO FAITH. America's future is BLEAK. It will not come right away but it will come as a deluge, and likely within the next 10-15 years.

 

[F-22Raptor]

US net worth is now $123.5 trillion. The US is wealthier than its ever been in its history.

 

[tower9]

View attachment 703765


US net worth is now $123.5 trillion. The US is wealthier than its ever been in its history.

That is some shallow shit. It's easier to create wealth when you can just print money. What happens when you no longer have the ability to print money?

Also, the US is a plutocracy where wealth is increasingly being concentrated in the elite classes while most normies see their actual wealth and purchase power decline due to hyperinflation. However, the inflation that we have seen is nothing compared to what we will see when the USD's reserve currency status declines.

 

[F-22Raptor]

That is some shallow shit. It's easier to create wealth when you can just print money. What happens when you no longer have the ability to print money?

Also, the US is a plutocracy where wealth is increasingly being concentrated in the elite classes while most normies see their actual wealth and purchase power decline due to hyperinflation. However, the inflation that we have seen is nothing compared to what we will see when the USD's reserve currency status declines.

Shallow? No it’s a reality that you can’t stand. The US has one of the highest GDP per capitas in the world as well. The fact is the US is wealthier than its ever been. Very few people actually live in true poverty in this country. Even the poorest families will have smartphones and the latest gaming systems.

The US is absurdly wealthy, and nowhere close to being in “decline.”

 

[tower9]

Shallow? No it’s a reality that you can’t stand. The US has one of the highest GDP per capitas in the world as well. The fact is the US is wealthier than its ever been. Very few people actually live in true poverty in this country. Even the poorest families will have smartphones and the latest gaming systems.

The US is absurdly wealthy, and nowhere close to being in “decline.”

Can't stand? Why would I want my living standards to decline? Yes, the US is very wealthy due to legacy institutions and generations of wealth building. But the policies of the last four decades have created a lot of deep cracks that are just going to worsen. Wealth is at an all time high because the US has the privilege of having the reserve currency status and is able to print money with abandon. What happens when the USD loses reserve currency status?

Oh and poverty is way more widespread than you think, especially over the last decade. Wealth inequality is shooting way up. Things will get far worse when the USD loses reserve currency status which looks inevitable.

 

[OldenWisdom...قول بزرگ]

The USD is heading downwards. It won't happen overnight. But countries will slowly move away from the USD as reserve currency. The downfall will come as a light drizzle, then suddenly it will become a monsoon and most Americans will have their living standards destroyed because of hyper-inflation, especially since the majority of Americans have little savings anyways. I am trying hold as little $$$ as possible and moving it towards any assets I can get.

I have ABSOLUTELY ZERO faith in our ruling class having the competence or foresight to control their plundering in order to prevent the collapse of the American empire. I had little faith before Covid and now I have ZERO FAITH. America's future is BLEAK. It will not come right away but it will come as a deluge, and likely within the next 10-15 years.

It is more systematic of course... as petro dollar declines... nations need to carry dollar reserves will evaporate. Unless a substitute is created to channel all that dollar that is no longer needed to cater a projected demand in crude and therefore in bilateral trade, will have a sole market, U.S.!
That can happen in the form of m&a's, asset purchases or increasingly cheaper American exports.

 

[unrequitted_love_suzy]

It doesn't end like in the movie FightClub , rather it ends in a war with china
who works for america and collects their trash

 

[F-22Raptor]

Can't stand? Why would I want my living standards to decline? Yes, the US is very wealthy due to legacy institutions and generations of wealth building. But the policies of the last four decades have created a lot of deep cracks that are just going to worsen. Wealth is at an all time high because the US has the privilege of having the reserve currency status and is able to print money with abandon. What happens when the USD loses reserve currency status?

Oh and poverty is way more widespread than you think, especially over the last decade. Wealth inequality is shooting way up. Things will get far worse when the USD loses reserve currency status which looks inevitable.

The chances of the dollar losing reserve status is next to none. The US has the deepest most liquid financial markets in the world. There is no other alternative.

The US is nowhere near “declining.”

 

[unrequitted_love_suzy]

The chances of the dollar losing reserve status is next to none. The US has the deepest most liquid financial markets in the world. There is no other alternative.

The US is nowhere near “declining.”

Yeah pretty much like Canada up in the north , the interracial dating superpower of Anglo-Saxon world.
The question is , if you have money , why are your women dating all the wrong minorities ?

 

[unrequitted_love_suzy]

America's National Debt was around 20,000,000,000,000 US

Well guess what , it's not the laidback 1970s anymore , the same decade where president Trump had his utmost fun.
America also funded their F-14 and F-15 program , partly using iran's oil money .
one of many reasons behing the 1979 islamic revolution in iran was oil. period.

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In the 1950s and 1970s the US dominated the world , they could print and pump as much cash into pretty much any institution , like NASA , NSA or CIA or whatever. your figures don't mean anything . they only surprise losers.

 

[tower9]

The chances of the dollar losing reserve status is next to none. The US has the deepest most liquid financial markets in the world. There is no other alternative.

The US is nowhere near “declining.”

It’s actually very likely. Swift is going to be a thing of the past in ten years.

 

[F-22Raptor]

It’s actually very likely. Swift is going to be a thing of the past in ten years.

It’s not at all, and there is no other alternative.