The American debt crisis in 5 charts

[21stCentury]

Only wingnuts actually believe this. Whatever channel or forum or news source you are using for this, take it with a truckload of salt, it sounds like a hard right (probably survivalist) rag.

so in your own perspective, everything is hunky dory in the US? there are no racial tensions building up? btw im not agreeing nor disagreeing, just expressing the feeling of many that live in the US.

 

[Sliver]

so in your own perspective, everything is hunky dory in the US? there are no racial tensions building up? btw im not agreeing nor disagreeing, just expressing the feeling of many that live in the US.

there is a HUGE gap between "some racial tensions" and "total anarchy, impending collapse due to racial tensions". Why dont you come here and see for yourself? why is it that so many people still line up to get a US Visa.

 

[Nimitam]

@jhungary This is also part of my post that makes it amply clear what I was talking about.

Wrong again. Federal Reserve Bank stock CANNOT BE SOLD OR TRADED so there is no question of insider trading.

 

[anon45]

so in your own perspective, everything is hunky dory in the US? there are no racial tensions building up? btw im not agreeing nor disagreeing, just expressing the feeling of many that live in the US.

'many' is relative. 1000 people is 'many' people. 1 Million is 'many' people, but it is still about 1/3 of 1 percent on the US population.

Racial tensions are on the whole manageable, and while a Trump election would be a step backwards in that respect, It would not cause things to fall into anarchy, that's just slippery slope crap.

Having a stock of food and a firearm is a good thing in general just in case to defend yourself and in case of something like a natural disaster, but there is an infinitesimal chance of a collapse/breakdown in US society right now or anytime soon, and anyone who is seriously believes that is going to happen has a very skewed view of US society from the outside, or is a wingnut.

Nothing of the level of the 1992 Los Angeles riots that I can see on the horizon, and even that cleared out mighty quick when the national guard was called in, no danger of collapse for the nation.

The concept is very popular in the public consciousness though, usually under the Sci Fi subgenre of ;post apocalyptic' fiction. I like reading that genre myself. Funnily enough, no 'post apocalyptic' fiction that I remember has had racial racial tensions as a factor in the 'breakdown'. Usually its inequality, war, dictator destroying the system, corrupt government, escaped military virus, etc. Not racial tensions though.

 

[zip]

@Nimitam the US wont print money. And yes I agree that I assume you have a flawed understanding of money- but that is based on your posts here.

from your own posts :


the debt burden on the citizens wont be eliminated if the US prints more money.

The value of money is not in the paper that its printed on but in the goods/services that it can buy. Hence no matter US or anyone can print, it wont change the value of "money" unless the value of those services itself changes.

the question you asked me about the fed - I can answer that after we have ironed out the meaning of "money" and why US cant print any amount of money it likes.

Are you not contradicting yourself here? If value of dollar gets dilluted so is debt which has to be paid in dollars..

 

[Götterdämmerung]

Unlike the lies and propaganda from the US shills and mercenaries, this comes from the horse's mouth:

Fed threatens US gov. What a banana republic

 

[Thəorətic Muslim]

@Nimitam

There is a Federal Reserve System, simply know as the Fed, which is America's Central Bank. It regulates Monetary policy, Bank, and financial.

The Fed is not private, but is an independent entity within the US Government.

It has 12 governors from each of the Federal Reserve Banks, who are the ones that make the policies.
https://www.federalreserveeducation.org/about-the-fed/structure-and-functions

Please end this ranting.

Edit, I wonder if this guy is still here; @LeveragedBuyout

 

[Indika]

Unlike the lies and propaganda from the US shills and mercenaries, this comes from the horse's mouth:

Fed threatens US gov. What a banana republic

Known fact, no wonder they can simply run huge loans and still clear them ease. Rest of the world is there to take the burden.

 

[LeveragedBuyout]

@Nimitam

There is a Federal Reserve System, simply know as the Fed, which is America's Central Bank. It regulates Monetary policy, Bank, and financial.

The Fed is not private, but is an independent entity within the US Government.

It has 12 governors from each of the Federal Reserve Banks, who are the ones that make the policies.
https://www.federalreserveeducation.org/about-the-fed/structure-and-functions

Please end this ranting.

Edit, I wonder if this guy is still here; @LeveragedBuyout

Hey @Thəorətic Muslim , it's been a while.

No idea what his agenda is. The regional banks are owned by privatized banks because America is capitalist, driven by a laissez-faire mentality (or has been, historically), and we have a privatized banking system. That's why the Fed has policy independence from the Treasury, and is not subordinate to the Treasury. That's why the Fed sets interest rates through open market operations, and not by diktat. That's why the FDIC is funded by fees levied on private banks, and not a slush fund maintained by the taxpayer.

By the way, the banks aren't the only sector that self-regulate. Brokers, lawyers, accountants, physicians, and several other professions also self-regulate.

PDF conversations are too focused on the "what" and insufficiently focused on the "why," and thus are not intellectually stimulating. The question isn't why this user is still here--it's why you are still here!

 

[Hamartia Antidote]

Hey @Thəorətic Muslim , it's been a while.

No idea what his agenda is.

He isn't going to be happy until somebody says the Rothschilds control everything.

 

[jhungary]

@Nimitam

There is a Federal Reserve System, simply know as the Fed, which is America's Central Bank. It regulates Monetary policy, Bank, and financial.

The Fed is not private, but is an independent entity within the US Government.

It has 12 governors from each of the Federal Reserve Banks, who are the ones that make the policies.
https://www.federalreserveeducation.org/about-the-fed/structure-and-functions

Please end this ranting.

Edit, I wonder if this guy is still here; @LeveragedBuyout

Hey @Thəorətic Muslim , it's been a while.

No idea what his agenda is. The regional banks are owned by privatized banks because America is capitalist, driven by a laissez-faire mentality (or has been, historically), and we have a privatized banking system. That's why the Fed has policy independence from the Treasury, and is not subordinate to the Treasury. That's why the Fed sets interest rates through open market operations, and not by diktat. That's why the FDIC is funded by fees levied on private banks, and not a slush fund maintained by the taxpayer.

By the way, the banks aren't the only sector that self-regulate. Brokers, lawyers, accountants, physicians, and several other professions also self-regulate.

PDF conversations are too focused on the "what" and insufficiently focused on the "why," and thus are not intellectually stimulating. The question isn't why this user is still here--it's why you are still here!

Hey @Thəorətic Muslim , it's been a while.

No idea what his agenda is. The regional banks are owned by privatized banks because America is capitalist, driven by a laissez-faire mentality (or has been, historically), and we have a privatized banking system. That's why the Fed has policy independence from the Treasury, and is not subordinate to the Treasury. That's why the Fed sets interest rates through open market operations, and not by diktat. That's why the FDIC is funded by fees levied on private banks, and not a slush fund maintained by the taxpayer.

By the way, the banks aren't the only sector that self-regulate. Brokers, lawyers, accountants, physicians, and several other professions also self-regulate.

PDF conversations are too focused on the "what" and insufficiently focused on the "why," and thus are not intellectually stimulating. The question isn't why this user is still here--it's why you are still here!

Just ignore him.........

I show him facts, he blows hot air.......Even I shown him a court case that would be the final judgement on the issue, and yet he still said his word are above the court (Maybe he is Loretta Lynch? I don't know) anyway.......just ignore him. He is going to just keep thinking he is right and he would simply dish insult out if things don't get his way

 

[Sliver]

Are you not contradicting yourself here? If value of dollar gets dilluted so is debt which has to be paid in dollars..

yeah fine. @jhungary @Hamartia Antidote i am giving up as well.

Actually, let me try it one last time

@zip
there is debt in first place because the US is importing HUGE amounts of stuff from other countries.
It is buying all that using Dollars
Now if the value of the Dollar is diluted, what happens to the stuff we still need to import ( and we are so dependent on many imports)? It will get even more expensive and then we will have even more debt.
If the US Does print away its debt, then the resulting interest rates for the US (for additional import spending) will be un manageable.

 

[jhungary]

yeah fine. @jhungary @Hamartia Antidote i am giving up as well.

Actually, let me try it one last time

@zip
there is debt in first place because the US is importing HUGE amounts of stuff from other countries.
It is buying all that using Dollars
Now if the value of the Dollar is diluted, what happens to the stuff we still need to import ( and we are so dependent on many imports)? It will get even more expensive and then we will have even more debt.
If the US Does print away its debt, then the resulting interest rates for the US (for additional import spending) will be un manageable.

Don't care much now anyway, watching NBA Playoff now, Warrior up OKC 13 points half time lol

 

[Nimitam]

@Nimitam

There is a Federal Reserve System, simply know as the Fed, which is America's Central Bank. It regulates Monetary policy, Bank, and financial.

The Fed is not private, but is an independent entity within the US Government.

It has 12 governors from each of the Federal Reserve Banks, who are the ones that make the policies.
https://www.federalreserveeducation.org/about-the-fed/structure-and-functions

Please end this ranting.

Edit, I wonder if this guy is still here; @LeveragedBuyout

Why are you repeating the same thing again and again like a brainwashed zombie ?


I am talking about the FEDERAL RESERVE BANK.


Why are YOU talking about the "Federal Reserve System" or the "fed' ? .....seriously why ? is this some desperate strawman you want to demolish and claim victory ?


You now tell us that the 12 governors from the Federal Reserve Bank who make the polices. How do they become governors in the Federal Reserve Bank in the first place ?


Why did they US govt. use YOUR Tax Money to bail out private banks ? The US govt. does not provide free education to US Kids. The education loan is the LARGEST debt in the US, yet the same govt. has no qualms about giving out 900 BILLION $ as bail out money to these Private banks


Now keep repeating to yourself " the Fed is independent ' .... " the fed is independent' .... the fed is independent ....... A lie told a thousand times becomes the truth, right ?

Hey @Thəorətic Muslim , it's been a while.

No idea what his agenda is. The regional banks are owned by privatized banks because America is capitalist, driven by a laissez-faire mentality (or has been, historically), and we have a privatized banking system. That's why the Fed has policy independence from the Treasury, and is not subordinate to the Treasury. That's why the Fed sets interest rates through open market operations, and not by diktat. That's why the FDIC is funded by fees levied on private banks, and not a slush fund maintained by the taxpayer.

By the way, the banks aren't the only sector that self-regulate. Brokers, lawyers, accountants, physicians, and several other professions also self-regulate.

PDF conversations are too focused on the "what" and insufficiently focused on the "why," and thus are not intellectually stimulating. The question isn't why this user is still here--it's why you are still here!

Why is "MY AGENDA" so important ?

My "agenda' is irrelevant to the debate.


SO far you are the only one who has admitted that the Federal Reserve banks are privately owned. ........ now if they really have to be self Regulated why is there NO TRANSPARENCY ?


Don't you think you should be asking about WHO OWNS these Banks before you talk about "self regulation" ? ..... especially after giving 800 Billion $ to these Banks ?

I am not aware of the US govt. giving Hundreds of Billions of $ to Brokers, Lawyers, accountants, physicians etc. after they have failed to self regulate.


Like every other american here, you too can choose to RUN away from the debate. You can ask others to run away too ....... but the questions I ask will not die with that. They will continue to follow you.

So the real questions is WHY are YOU Running away ?

He isn't going to be happy until somebody says the Rothschilds control everything.

LOL....... I really don't care too deeply.


But the question is Why don't YOU care ? Don't YOU want to know who controls everything ?

yeah fine. @jhungary @Hamartia Antidote i am giving up as well.

Actually, let me try it one last time

@zip
there is debt in first place because the US is importing HUGE amounts of stuff from other countries.
It is buying all that using Dollars
Now if the value of the Dollar is diluted, what happens to the stuff we still need to import ( and we are so dependent on many imports)? It will get even more expensive and then we will have even more debt.
If the US Does print away its debt, then the resulting interest rates for the US (for additional import spending) will be un manageable.

Unlike others you never really replied to my actual query. So you do not get to claim that you are giving up 'now'.


If the value of the dollar is diluted, YOU will start MANUFACTURING all those things yourself.

You will not be able to subsidise your lifestyle with other's money.

You will become Less dependent on import.

You will end up having LESS debt.


But you don't want LESS debt, you want to continue your lifestyle by living on debt. THAT is why you don't devalue the USD.


BTW the total commitment of the US government to the debt bail out of these PRIVATE Bank is $16.8 trillion dollars with the $4.6 trillion already paid out .

But hey, let us all talk about MY AGENDA

 

[LeveragedBuyout]

Why is "MY AGENDA" so important ?

My "agenda' is irrelevant to the debate.


SO far you are the only one who has admitted that the Federal Reserve banks are privately owned. ........ now if they really have to be self Regulated why is there NO TRANSPARENCY ?


Don't you think you should be asking about WHO OWNS these Banks before you talk about "self regulation" ? ..... especially after giving 800 Billion $ to these Banks ?

I am not aware of the US govt. giving Hundreds of Billions of $ to Brokers, Lawyers, accountants, physicians etc. after they have failed to self regulate.


Like every other american here, you too can choose to RUN away from the debate. You can ask others to run away too ....... but the questions I ask will not die with that. They will continue to follow you.

So the real questions is WHY are YOU Running away ?

You rant about transparency, but you are silent about what transparency you require. You want a list of member banks of the Federal Reserve Banks? Here you are (as of 2014). Purchasing shares in the Fed Bank is a condition of participation in the Federal Reserve System, so essentially all banks that have access to the Federal Reserve are owners in their respective Banks. That took approximately five seconds to find. What you require is not transparency, but rather a cure for laziness.

The financial system is special in that every sector of the economy depends on it--there is no area of the economy that is not integrated into the financial system, and thus it requires special protection in times of trouble (unlike physicians and lawyers, etc.). After the government sentenced Arthur Andersen to death, the collateral damage was massive, so perhaps when the next of the Big Four runs into trouble, it will get a bailout, and then you can rant about self-regulation of accountants, as well. Am I happy that banks loaned massive amounts of money to deadbeats, built up a huge book of NPLs, and required a bailout? No, absolutely not, and the fact that there were no bonus clawback provisions only serves to rub salt in the wounds. But the alternative, of a 1930s-style bank run and collapse, was far worse. You play the cards you are dealt, not the ones you wish you had.

That said, you are wrong on the facts of the bailout, so no surprise about your state of confusion. It was not $800 billion that was given to the banks, only a fraction of that was ($245bn). You complain about the banks, but the banks have repaid all of the bailout funds, plus interest. Why don't you complain about the GSEs that were bailed out ($187bn)? Why don't you complain about the auto manufacturers that were bailed out ($79.7bn)? Why don't you complain about the insurance companies that were bailed out ($67.8bn)? Why don't you complain about the deadbeat mortgage defaulters who were bailed out ($13.7bn)?

There is nothing to run away from. You are caught up in your fever-dream of conspiracies and propaganda, and would be better off seeking your answers from your usual sites (Ron Paul, Infowars, etc.), as I am sure they will be happy to tell you that the banks are controlled by the Rockefellers, Rothschilds, Freemasons, Trilateral Commission, Reptilians, Aliens, etc.

I suffer from insomnia, so I have to thank you for giving me such a simple topic that it is putting me to sleep. Beam me up, Scotty, no signs of intelligent life here. I'm out.