The economy of USA - National debt (Calling all GFY-experts!)
 

I dont know shit about how the these systems work but clearly there's
something wrong when the national debt is growing as fast as the US national debt, right?

According to Wikipedia USA have the biggest national debt in the world.
http://en.wikipedia.org/wiki/List_of...ount_balanc e

Wont the dollar become worthless if the just keep printing more and more money?
For how long can the US debt keep growing before something happens?

And what will happen when the shit hits the fan?

http://static.seekingalpha.com/uploa...010_thumb1.png

http://www.usdebtclock.org/

It is all under control. Printing money causes inflation. Inflation reduces the value of the debt (the debt is in dollars, so devaluing the dollar is a legitimate strategy). The dollar can be devalued a great deal more before it will be time to panic. Look at Japan, it takes millions of Yen to buy a standard car.

it will fall, you cant borrow money to pay debts, debts will automatically grow as a result.

Its simple, i borrow 10 with interest i have to pay 11, i can pay the 11 so i borrow the 11, no i have to pay 12 to the new lender. and so on and so on.

In our past history...percentage wise...the debt to GDP has been worse...but yes something needs to be done about the growth and soon.

If we look at http://en.wikipedia.org/wiki/List_of...ount_balanc e
Japan is #2 with PLUS $131.2 billion USD.
USA is #181 with MINUS $380.1 billion USD.

Can we really compare them that easy?

You can when you are the one who invents and controls the money. The Fed is a private entity which is global in nature. They can manipulate the money to keep the USA on top, if they so wish.

way of, money still has to be counted for.

It's already near the bottom line of its buying power here in Europe.

They could just wipe the debt... anytime they wanted.

One of many ways.... The amount of interest alone we as Americans pay for every dollar in our pocket, every dollar given out in a loan, corps, etc.. if they did a credit of that interest over the last 80 years would pay the debt back, without breaking a sweat.

The currency units have to be counted for. The value of the units can be modified in secret. Which is why "Audit the Fed" will never pass.

14 trillion will be quite manageable when the average wage is a million a month. It's all relative dear Watson.

Every single politician running the country needs to be booted out.

The real debt is 111+ Trillion. Which is over twice the amount of all the money in the world.

Money is created when a bank makes a loan (if all debts were paid, there would be no money). So the money supply is expanding all the time.

The subject of "money" is incredibly complicated. Some people look at the numbers and freak out because in their own experience of money, the numbers just don't make sense.

Rest assured, the bankers have a plan and know what they're doing. Though I do worry sometimes that their plan might be to sail us all up the river and buy up all the world's assets for themselves.

You keep borrowing until the rest of the world owns the US.

Just keep hoping no one pulls the plug.

Their plan is to inflate aka steal real wealth from those who save.

That's a definite possibility. The old ruling families probably have massive stockpiles of gold, so when currencies go into hyperinflation they can sweep in and buy everything.

So many other countries own and buy dollars that for the currency to fail is unrealistic as they would lose a shitload of money too.