How rich is the USA?
How come they can give away $11.5T (50% of the GDP) in a single month like it's nothing?
How rich is the USA?
How come they can give away $11.5T (50% of the GDP) in a single month like it's nothing?
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yea God forbid we use our nations wealth for something useful
>How come they can give away $11.5T (50% of the GDP) in a single month like it's nothing?
Our government discovered how to create FTL and infinite energy silly, it's why we can afford to spend so much.
borrowed
I wont lie, we are so rich and powerful we can borrow money from other company and get a bunch of debt but we dont need to pay them back.
borrowing, the interest payments in the end will be a real mutherfucker when all is done.
>11.5
It's 2 you tofu jockey
It's secret...
lmao americans are finished arent they. it only took a bowl of bat soup to destroy the most powerful superpower in history. all those super carrier warships were for naught
The US isn't communist. They don't handout money for free. Go pay for your own healthcare.
The most hilarious part is that they have no plans of ever stopping this, they will just keep going forever.
debt?
print moar money?
>TEN TRILLION
>$10,000,000,000,000+ given away
Will the average American see a single dollar?
because it's all play money and the world lets us get away with it since their own economies are so shit
>USA survives every plague that existed since 1776
>even during eras when doctors didnt wash their hands and drinking cholera water was the norm
>all the Canadians are screaming "THIS IS THE COLLAPSE!!1!"
Why? Do y'all even think?
no, americans will get about 1.8 t out of 10, the rest will go to wallstreet
Pandemics have never before been as well publicized in the modern era as this one. We have no idea what will happen.
Most of the world's financial and monetary institutions are appended to or are an extension of America's institutions.
We can (for now) get away with a lot of bullshit that no other country couldn't realistically hope to do, this will bite us in the ass sometime in the future, but no one ever said that democracy wasn't dominated by short-term thinking.
I am on coronabux 80% of my salary while being laid off :)
literally no different than china at this point. just two state capitalist asshole countries. except they embrace it while we still play the hypocrite
>americans will get about 1.8 t
If the law passes.
this
Back then the US economy wasn't just speculative numbers and they had an industry. But you're correct, it's not the coronavirus, that American economy has been in trouble since 2008, but they will blame it on the coronavirus.
lmao the pandemic wont kill the US. the response to the pandemic will cripple the US beyond repair. god macacos are so stupid
Nobody could ever possibly hope to collect on the debt. Our debtors are majority under U.S. sovereignty, which obviously can't do anything and, if they try, would have three letter agencies up their ass in a second. Foreign countries could, but rivals (China is the big one, obviously) are a tiny fraction of the debt. I imagine they're printing a lot of money too, but it's not a big deal in the current scenario either since it's a deflationary environment.
and you can't possibly default on your debt or the house of cards falls. so keep paying the interest.
>China is the big one, obviously
iirc, China sold a lot of their US Treasury bonds around this time 5 years ago
it's also explicitly written in our constitution that the us has to repay its debt
I meant they're the biggest rival, but yeah. If I remember correctly, in 2018 they were only something like 3% of the debt.
ever heard of hyperinflation? they could print infinite amounts of money if they wished, but the currency will keep losing value over time, just not immediately
Hyperinflation only occurs when external forces can enforce debts, no sane country would print enough money to deal with debts they don't have to pay just to ruin the country in the process. We're in deflation right now anyway; companies and consumers don't have enough capital to go around, printing more money is the (at least, temporary) answer.
ITT: people confusing borrowing money with printing money
This. Most of the money "spent" on this will be in the form of loans. Reminder to my fellow mutts that even the much acclaimed Marshall plan was entirely loan based. We got every fucking penny back from those fucking eurofags.
but this can't be comparable to other events. The fed dropped interest rates down to 0 a week ago, so now banks have absolutely no incentive to keep any loose change in their reserves because they can just lend more from the government when they start to run out. So now banks are handing out loans to anybody that wants a loan because the risk is nonexistent. And at the same time we have trillions being dumped into the stock market and checks issued to americans directly from the federal reserve, causing inflation, and further damaging the stability of loans.
Trust the Plan.
haha money printer go brrrrrrrr
because it isnt just giving money away, they are just loans so will be paid back
the US do be pretty wealthy though
Everyone collects on your debt at the maturity date, happens all the time. The US hasn't missed a payment since there was a small clerical error in the 60s or whatever. I don't know where this "hurr nobody can collect on our debt" thing comes from. Why would anyone buy bonds otherwise
What are the qualifications for the checks?
denbt and money printer
>I don't know where this "hurr nobody can collect on our debt" thing comes from.
Talking about forceful collection à la Weimar in the interwar period. Of course, the US pays off debt willfully all the time.
debt economy that works because the value of the USD is tied to oil
do your taxes
>when the global economy hinges on your economy, so it can't fail
>exploit this to just make up trillions on the spot
#1 IN THE WORLD BABY
USA
>USA
USA
>USA
USA
>USA
USA
>USA
And people defend this.
They're chinese.
ya seethe, leaf
>USA lapdog appears
Kinda pathetic desu
Bretton Woods allows the US to print an infinite amount of money
BRRRRRRRRR said the printing machine
I love Yas Forums
>what are precious metals
your currency won't hold against these, baby
I blame Hitler for this.
kek
USA is giving away those 90 Trillion Dollars because they are rich and take care of their people.
Might be cutting the military budget and aid to Israel.
Debt doesn't matter as long as you can guarantee that everyone can exchange his debt for either gold or oil.
USA is making sure that US Dollars can always be exchanged for oil. That's why they wreak havoc all over the world so that nobody challenges their advantage.
They are getting themselves in debt at the cost of everybody else.
Why arent there more socialists candidates like trump?
Because they control the world, they control europe, latinamerica, a big part of the Middle east, all africa, japan, korea, Vietnam, malaysia, thailand.
Only China and India are still strong against them, India simply because of their string culture and growing population.
This. It creates moral hazard when you get government healthcare, just look at all those zoomers licking toilet seats in corona challenge. Americans would never do that shit because they are responsible and free.
US goverment is rich, but americans are not
>our nations wealth
what wealth? you are spending money you don't even have and drive your nation deeper into debt slavery
>just look at all those zoomers licking toilet seats in corona challenge
They own the precious metals of the entire world, the momment an american company starts exploiting your resources it is theirs
>it's just loans bro
how has france got more than us in everything for $20bn less
What if I told you most American dollars are outside the US
Most of it is going to the rich, not those who need it, desu. Also:
nytimes.com
>Boeing wants $60 billion.
>Adidas is seeking support for a long-sought provision allowing people to use pretax money to pay for gym memberships and fitness equipment — despite the mandatory closure of fitness facilities
>Drone makers are urging the Trump administration to grant waivers they have been seeking that would allow them to be used more widely
>Airbnb is asking Congress to give tax breaks and access to small business loans
Ebin.
>Lobbyists and trade groups recognize the possibility of a backlash, “but it doesn’t seem to have stopped the frenzy,” said Dave Oxner, a lobbyist with the firm Cogent Strategies who is assisting clients navigating the coronavirus crisis.
>Mr. Oxner helped write the 2008 bailout legislation as a top staff member for the House Financial Services Committee, then became a lobbyist for a trade group representing the finance industry as it struggled to deal with the criticism and loss of public trust that lingered after the bailouts.
Fucking hell, what a circus freak show.
>comparing the spread of infectious disease and infrastructure costs of preindustrial societies with modern, highly connected developed societies
I get that you're a bootlicking cocksucker, but this is too much.
Yeah. Putting it into the pockets of billionaires.