But...but...what about all the times Trump exaggerated or got a trivial fact wrong? Why didn't that cause a depression? And how can the economy be so strong when we haven't even seen Trump's tax returns? None of this makes sense! #SaidDemocratshttps://twitter.com/Viatcheslavsos3/status/1124292914337714176 …
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Remember the banks who were to big to fail? Without the bailouts, they purportedly would have. China is now the bank. Debt can and has become leverage for the borrower. "I love debt" ~ Pres. DJT
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Indeed. It is (probably) not USD Debt that’s important. It is the usage (demand) of USD globally Do people want Chinese Yuan? Even Chinese Billionaires want USD
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A house of cards is better than no house at all?
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Simple, anyone who keeps cash just lost a chunk of it's value.
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Umm... I don't want to find out.
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Probably not so much to do with the absolute size of the debt, more to do with the rate at which it accumulates relative to unborn tax payers ability to pay it off..
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How do we determine the safe limit? Does experience indicate there will be warning signs that allow sufficient time to act accordingly?
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One way to assess risk of massive federal debt is to calculate annual interest currently; then project into the future as debt increases & especially if interest rates increase. E.g. consider annual interest on $25T at 5%. Compare to gov't revenue, GDP.
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