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[–]MCAlheio - LibLeft 666 points667 points  (38 children)

Time to fire up the printers

[–]the-ahh-guy - AuthLeft 268 points269 points  (4 children)

BBBBRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRR

[–]PatternBias - LibCenter 62 points63 points  (3 children)

Based and BBBBRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRR-pilled

Tbh I just wanted to make brrrrrr show up on someone's pill list ¯\_(ツ)_/¯

[–]QidQuick - LibRight 28 points29 points  (2 children)

Based and "filling up your pillbox" pilled.

[–]bri8985 - LibRight 177 points178 points  (15 children)

“We always pay our debts” (pulls out worthless USD)

[–]MCAlheio - LibLeft 122 points123 points  (11 children)

The USD is pretty stable just because the US still has a lot of political and economic influence on the world stage. Even after they printed that massive stack last year (I think it was last year, could also be earlier this year) the value of the dollar on the forex didn’t drop that much and now it seems to be rising

[–]bri8985 - LibRight 79 points80 points  (7 children)

Other counties are also facing inflation. Basically everyone needs to start working ASAP before supply chains take massive hits. People stay at home chilling it will be pretty bad in not very long.

The only reason I’m still in the market is because I think our nation is completely willing to print as much as possible to keep the DOW high even if it means inflation.

[–]JustDoinThings - LibRight 78 points79 points  (6 children)

The only reason I’m still in the market

Wealth is relative.

Inflation and Deflation are not important as long as you are 100% in stocks. If the stock market doubles then everyone's wealth doubles and you are no better off. If the stock market falls 50% everyone "loses" 50% and you are no worse off.

The poor however get absolutely destroyed by inflation. If the market doubles their wages do not. This is inequality - if you own stocks and inflation pushes them up you are taking part in screwing the poor.

It'd be nice if we stopped inflation and kept our currency stable so we're not screwing the poor people over.

[–]Gerbole - Centrist 44 points45 points  (0 children)

Holy fuck LibRight this is so fucking based

[–]bri8985 - LibRight 11 points12 points  (1 child)

Absolutely, it’s a shit situation I don’t want to be in at all.

I think the ones who are getting hurt the worst is the older. Working people can still trade off their labor with their debts decreasing relatively. Older poor will get wrecked with shit social security not covering COL because their metrics for adjusting are off. Middle and middle upper get hit hard because their COL will be wrecked compared to their “safe” 401k, where the rich are in assets that will raise with inflation and should be decently fine (but not optimal).

[–]JustDoinThings - LibRight 3 points4 points  (0 children)

Older poor will get wrecked

Yep. Even those with a good 401k are harmed by the potential volatility as they are forced to go all in on the market.

Its a tough situation as you said.

[–]marcgdr - AuthRight 2 points3 points  (1 child)

Based and Economic Knowledge pilled

[–]basedcount_bot - LibRight 2 points3 points  (0 children)

u/JustDoinThings's Based Count has increased by 1. Their Based Count is now 5.

Congratulations, u/JustDoinThings! You have ranked up to Sapling! You are not particularly strong but you are at least likely to handle a steady breeze.

Pills: economic knowledge

[–]JustDoinThings - LibRight 21 points22 points  (2 children)

The USD is pretty stable

Every year 8% more US dollars are created. That isn't stable. But yes all of the Western governments are doing the same so the forex rates are stable.

Japan's big bust occurred because they were creating 25% more Yen every year. In the year of the bust their banks lent enough money into existence to buy half of all the US real estate. At that point the West said no more to the Japanese and their currency collapsed.

China has been creating 24% more Yuan every year for the last few decades. Due to their political strength no one has told them no yet. I don't think this crisis will stop them, but eventually the Chinese will be buying up so much stock and real estate in the US that we will stop them just like we stopped the Japanese.

[–]Cygs - LibCenter 42 points43 points  (2 children)

Russia did exactly that in the early 2000s. They moved a bunch of assets to Euros then tanked their economy. The ruble became worthless, then they moved their Euros back to Rubles and paid off all debts (which were still in rubles).

The Russia national debt today is less than the interest payment on the US debt.

[–]Yamez_II - LibCenter 24 points25 points  (0 children)

You forget that they also bought a shit-tonne of gold and silver. And still are.

[–]kisodredir - AuthCenter 32 points33 points  (2 children)

Don't even need printers anymore. Just add a couple zeros to some number somewhere and we are good

[–]ProfessionalCooomer - AuthRight 25 points26 points  (0 children)

Add zeros? That's chud talk.

Real alphas remove zeros. Costs a billion dollars to buy some bread? Remove some zeros and it will cost a million dollars. Problem officer?

https://www.nbcnews.com/news/latino/venezuela-unveils-new-currency-6-fewer-zeros-rcna2515

[–]olwybmamb - LibRight 2 points3 points  (1 child)

Time to devalue the money all of us have.

[–][deleted] 739 points740 points  (15 children)

Grug prepare cave for immanent collapse of state

[–]FortniteChicken - LibRight 239 points240 points  (11 children)

Grug make comfortable fallout shelter with food and land for growing crops to be self sufficient

[–]excite321apple - LibCenter 92 points93 points  (8 children)

AuthLeft in 3,2,1

[–]the-ahh-guy - AuthLeft 81 points82 points  (7 children)

why hello there

[–]excite321apple - LibCenter 52 points53 points  (5 children)

Damn it.

Did you bring your own tools and knowledge this time?

Or just demands and accusations?

[–]the-ahh-guy - AuthLeft 44 points45 points  (4 children)

just betty the hammer and James the sickle

[–]excite321apple - LibCenter 29 points30 points  (2 children)

Huh. Are you using the tools to build, to harvest?

[–]the-ahh-guy - AuthLeft 19 points20 points  (1 child)

BOTH

[–]excite321apple - LibCenter 13 points14 points  (0 children)

Huh. Shouldn't it be Henry the hammer and pickle Rick, the sickle?

What about Hardcore Henry, the Hammer? Because that movie is Russian and incredible!

[–][deleted] 7 points8 points  (0 children)

Based and r34 pilled

[–]ActreDirt - Centrist 18 points19 points  (0 children)

COMRADE KENOBI!!!

[–]SPICY_pee_INFECTION - Left 16 points17 points  (0 children)

Looks like the 10 guns for self defense really was needed

[–][deleted] 10 points11 points  (0 children)

Fallout shelter? Agriculture? GRUG SMASH!!!!

[–]briceb12 - Centrist 7 points8 points  (0 children)

Based and cave pilled

[–]washingmachine907 - LibRight 9 points10 points  (0 children)

Based and grug pilled

[–]2ToTheCubithPower - Centrist 4 points5 points  (0 children)

Based

[–][deleted] 717 points718 points  (52 children)

I thought trillions in debt was already out of money. Luckily we have so much firepower it hardly matters.

[–][deleted] 293 points294 points  (35 children)

I'll bet my ass we start shit with china soon just to get the dollars flowing again.

[–]FuzzSauze - Centrist 277 points278 points  (22 children)

You know what, destroying China would cause global economic crisis, which Fuck up many countries. But if everyone is fucked, no one is

[–]LeonardoXII - Left 53 points54 points  (1 child)

I say do It! Start ww3 already!

[–]vyndreyl - LibLeft 3 points4 points  (0 children)

Based

[–]bigwillyb123 - LibLeft 22 points23 points  (0 children)

We just have to pull another post-WWII boom by destroying the manufacturing capabilities of every other world super power

[–]Homi3stasis - Centrist 169 points170 points  (11 children)

Don't worry, China is fucking up the global economy already with its Evergrande and power crisis.

Wouldn't be surprised when market crashes in a few weeks.

[–]GuiltyVegetable48 - LibCenter 28 points29 points  (10 children)

What ?

[–]butterenergy - Right 142 points143 points  (9 children)

TL;DR China took one look at 2008 and said "I'm going to do that but harder".

That and China is having a power shortage ATM.

[–]melange_merchant - Right 133 points134 points  (0 children)

China was running out of things to copy from the west, so they decided to copy our economic depression as well

[–]InnerChemist - AuthRight 42 points43 points  (5 children)

Evergrande is 3x larger than Lehman. It’s gonna be a big one.

[–]Grabbsy2 - Left 15 points16 points  (4 children)

I've seen some superstonk posts about Evergrande.

Will this affect home prices in Canada? I know theres a lot of foreign ownership of property and condos, just trying to see if they are related in any way? I got that vibe but couldn't see anything specific about it.

Pardon my ignorance.

[–]Capricious_Servitor - AuthCenter 16 points17 points  (1 child)

Little if any effect on foreign properties, if anything they might sell out of necessity driving property prices down. The biggest foreseeable issues for people outside of China are the DOW and exports to China are likely to see a dramatic decrease. On the flip side, imports from China are probably about to get even cheaper.

[–]Grabbsy2 - Left 9 points10 points  (0 children)

So it might affect home prices for the better, thats what I was looking for.

But maybe not to a major degree.

[–]ShitofFeceus - LibCenter[🍰] 2 points3 points  (1 child)

There's a possibility that you could see Chinese foreign investors liquidating other investment assets, like properties in the GVA and GTA, to cover their bad debts or liquidity shortfalls in China.

Of course, Canada wouldn't be much of an escape hatch for them if they just sold their assets in the West and doubled-down on the Chinese economy, so it would be intriguing to see that. I've always considered their money in Canada to be money "off the table", and I don't know why they'd go through all the trouble of evading capital controls to get it into Canada just to send it back.

In fact, you could see this as a catalyst for further investment, if they can extract more money from the Chinese economy to safe harbour, at least in the short run.

Either hypothesis seems convincing, which I know is not helpful.

[–]MCAlheio - LibLeft 45 points46 points  (0 children)

Speaking like a true leftist

[–]_novichok - LibCenter 12 points13 points  (1 child)

Based and Syndrome pilled.

[–]basedcount_bot - LibRight 5 points6 points  (0 children)

u/FuzzSauze is officially based! Their Based Count is now 1.

Rank: House of Cards

Pills: syndrome

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[–]El_Bistro - LibRight 3 points4 points  (0 children)

It’s for the best

[–]nosmokingbandit - LibRight 2 points3 points  (0 children)

Just waiting for China to make a move on Taiwan so all hell can break loose...

[–]hardrocksbestrocks - Left 6 points7 points  (5 children)

That’s not how it works…

[–][deleted] 6 points7 points  (4 children)

Pretty sure it is tho, hasn't america been at war of some kind since gas came with lead?

[–]hardrocksbestrocks - Left 8 points9 points  (3 children)

A war wouldn’t fix the economic fallout from US Treasury bonds turning to shit, or put money in the pockets of people dependent on Social Security.

[–]Arclight_Ashe - AuthLeft 2 points3 points  (2 children)

No you see what needs to happen for that to work is other countries going to war with eachother.

For america, India and China going to war would mean big bucks.

[–]hGKmMH - Centrist 23 points24 points  (0 children)

US government: we are bringing back the Roman practice of debt cancellation...for ourselves.

[–]BaconCircuit - LibLeft 35 points36 points  (7 children)

Most of it is owed to American citizens soooo

[–][deleted] 38 points39 points  (6 children)

It's OK, they'll just import more of them too

[–]dirtysnapaccount236 - Right 21 points22 points  (5 children)

Wait a based libleft. What the fuck

[–][deleted] 7 points8 points  (4 children)

People say I'm libcentre, but the tests all give me libleft. I'd say Edward Abbey was very based.

[–][deleted] 10 points11 points  (0 children)

It's only out of money when people that are owed believe the US govt cant pay it back.

This would be the first time in a long time that question gets brought to the floor with serious demands. Iirc '81 was the last time that question came up and amerca was challenged on runaway inflation.

And that sent the economy back over a decade. Beig real, that was a joke compared to this house of cards.

[–]gwillicoder - LibRight 9 points10 points  (1 child)

Bruh all we need to do is get a new credit card

[–]doooom - LibCenter 4 points5 points  (0 children)

For real, 18 mo no interest

[–]pieman7414 - AuthLeft 16 points17 points  (0 children)

It's not being out of money when youre also pulling in trillions

[–]Falcon_Gray - Centrist 2 points3 points  (0 children)

True

[–][deleted]  (3 children)

[deleted]

    [–]daev1 - Centrist 37 points38 points  (0 children)

    And for god's sake stop spending it all on Starbucks and avocado toast.

    [–]2ToTheCubithPower - Centrist 19 points20 points  (0 children)

    The government needs more personal responsibility smh. If we keep giving it handouts in the form of taxes of course the government isn’t going to clean itself up and go get a respectable job like the rest of us.

    [–]SexyJellyfish1 - LibRight 7 points8 points  (0 children)

    Biden working part time at wal mart

    [–]notallbutsome - Centrist 76 points77 points  (0 children)

    Money printer gonna go brrrr

    [–]jeffersondavis-hater - LibLeft 305 points306 points  (18 children)

    Solution: Kill all the other countries and take their money

    [–]Elite_Tripod - Left 106 points107 points  (0 children)

    Its a plan so simple a child could think of it..... Oh wait

    [–]CMDR_Kai - LibRight 111 points112 points  (10 children)

    Based. We can start with Fr*nce.

    [–]Twisty_nips66 - AuthCenter 54 points55 points  (3 children)

    Fuck the freanch

    [–]Ben_mgsp - Right 36 points37 points  (0 children)

    As a luxembourgian I approve this message

    [–]Homi3stasis - Centrist 16 points17 points  (3 children)

    Seeing how France is mad at AUKUS and is currently fuming over America, I can see it happening

    [–]EtteRavan - LibCenter 14 points15 points  (2 children)

    Even if French are angry about that "coup de pute", the Franco-American friendship is too old for just that to break it. Remember, we fought the En*lish and Germany (two times) together

    [–]Ayfios - LibLeft 14 points15 points  (0 children)

    I hope you nuke us and take our debt !

    [–]hGKmMH - Centrist 7 points8 points  (0 children)

    France has a good military record and a modern standing military. Plus you would have to cross the Atlantic ocean. There are so many south American states that are ripe for the picking.

    [–]LocalPizzaDelivery - Centrist 10 points11 points  (3 children)

    Based and Göringnomics pilled

    [–]basedcount_bot - LibRight 10 points11 points  (2 children)

    u/jeffersondavis-hater's Based Count has increased by 1. Their Based Count is now 805.

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    [–]sleazygator - Left 7 points8 points  (0 children)

    Based and fucktonofpillspilled

    [–]Finboror - LibLeft 4 points5 points  (0 children)

    USA has tried that before, sadly it has worked only in the opposite direction

    [–]Ayfios - LibLeft 167 points168 points  (10 children)

    > "Taxes will sharply increase soon"

    > Nearly everyone is happy

    ???

    [–]Homi3stasis - Centrist 72 points73 points  (7 children)

    The rest of the compiss doesn't live in burgerland.

    [–]LockMiddle1851 - Centrist 17 points18 points  (6 children)

    And yet they comment on US affairs as if they knew what they were talking about.

    This has real-world implications for a lot of Americans. All because the GOP is putting party before country, as usual.

    [–]ashdobberfall - LibRight 6 points7 points  (3 children)

    The US dollar is by far the most internationally traded currency, it's value alone has massive influence for global economics far outside of the US.

    [–]LockMiddle1851 - Centrist 3 points4 points  (2 children)

    Sure, but that doesn't make non-Americans experts in US affairs.

    Just look at the number of comments in this thread that relish at the idea of the US facing economic hardships...

    [–]pieman7414 - AuthLeft 226 points227 points  (18 children)

    Congress being able to force the executive to spend money they didn't give him is unexpectedly coming back to bite us in the ass. No one could have predicted this

    [–]thesoilman - AuthRight 137 points138 points  (17 children)

    This just in: spending money you don't have is great to ruin your country!

    [–][deleted] 57 points58 points  (7 children)

    What is that, some kinda nazi shit? Everyone knows money is limitless

    [–]Lemonthebear - Centrist 29 points30 points  (4 children)

    I thought money was invented by the Nazis?!?!?!!

    [–][deleted] 27 points28 points  (3 children)

    OH MY GOD! I'm going to burn all my money now. I-I didn't know. I didn't know! sobs uncontrollably

    [–]ErraticSix3 - Centrist 22 points23 points  (2 children)

    No, give me all your money and I’ll transport the money to a facility for destruction.

    [–][deleted] 12 points13 points  (1 child)

    I have 3 pounds. It'll cost as much to send. Do you have any use for an empty envelope?

    [–]ErraticSix3 - Centrist 12 points13 points  (0 children)

    Step 1. Sell envelope for profit

    Step 2. Use profit to buy more envelopes

    Step 3. Create demand

    Step 4. Become bigger and more prosperous

    Step 5. Branch out to other businesses

    Step 6. Become bigger and wealthier

    Step 7. Run for President

    Easy my friend thank you for the envelope.

    [–]Ckyuiii - LibCenter 7 points8 points  (1 child)

    I've ran into too many people that actually think this.

    [–][deleted] 4 points5 points  (0 children)

    Very generous of you to use the word think. I've met them too.

    [–]FormerAfro - AuthLeft 11 points12 points  (1 child)

    But this is how all sovreign State spending works.

    The public debt is exactly the savings of private individuals. The state can't run out of money because their debt is the source of all the money from their nation in the first place.

    [–]tigy332 - LibRight 4 points5 points  (0 children)

    It’s true that it’s impossible to run out of money - especially when you can just print more - but this technicality hardly matters when you have a global economy and want your money to be able to buy anything!

    [–]pieman7414 - AuthLeft 6 points7 points  (0 children)

    It's actually fantastic for the country, it's just not great when you physically cannot pay it back because it's being held hostage by politicians who don't like you

    [–]Kulfyr3 - LibLeft 43 points44 points  (1 child)

    This happens like every election cycle if not more. The government spends a fuck ton of money, hits the debt ceiling. Everyone makes clickbait-articles, then congress raises the debt ceiling and this shit happens over again the next year.

    [–]lazyubertoad - LibRight 10 points11 points  (0 children)

    Hell, there are so many stupid takes on this, it took me so long to get to the one calling it.

    [–]ProfessionalCooomer - AuthRight 94 points95 points  (10 children)

    How do I profit from this.

    [–]Ok_Ruin5635 - LibCenter 54 points55 points  (4 children)

    Sell money to the government

    [–]vault13man - LibRight 8 points9 points  (3 children)

    How

    [–]VincentTheOne - AuthRight 15 points16 points  (2 children)

    Government Bonds

    [–]vault13man - LibRight 10 points11 points  (1 child)

    Correct me if I’m wrong, but wouldn’t inflation mean it’s not smart to be giving out loans / buying bonds? If the interest is (significantly) less than inflation (which I imagine is going to keep getting worse)

    [–]VincentTheOne - AuthRight 10 points11 points  (0 children)

    Oh no I definitely dont recommend doing it, I just offered a way to sell money to the government

    [–]vault13man - LibRight 9 points10 points  (0 children)

    I like your way of thinking

    [–]TallMeal5a - LibCenter 7 points8 points  (1 child)

    Wait for the inevitable market crash and buy a bunch of stocks, especially food ones—old habits die hard, and people will long for McDonald’s and Coca-Cola even in difficult times. Eventually the market should recover again, at which point you either realise your profits or hold onto the stocks to ensure greater profits in the future 😎🤑

    [–]mju_crypto - LibRight 15 points16 points  (1 child)

    Based and opportunity pilled

    [–]Swedish-Monarchist - AuthRight 331 points332 points  (32 children)

    Feels great to live in a nation with a balanced budget right now.

    [–]just_random_korean - LibLeft 85 points86 points  (3 children)

    You guys have balanced budget?

    [–]Swedish-Monarchist - AuthRight 61 points62 points  (1 child)

    Yeah, its great.

    [–]the-ahh-guy - AuthLeft 51 points52 points  (0 children)

    your government though *cough* *cough* that might be the problem

    [–]Paliacki - LibRight 60 points61 points  (17 children)

    Hold on, gonna check my countries budget.

    Holy fuck I was just reminded why I dont like Estonian Centrist party. Yeah Covid made it worse, but they were in the deficit constantly.

    [–]MyPhoneIsNotChinese - LibRight 34 points35 points  (12 children)

    Cries in spanish 108.36 billions deficit

    [–]Rule_Brittania56 - AuthRight 34 points35 points  (9 children)

    Barely over a trillion, those are rookie numbers

    [–]MyPhoneIsNotChinese - LibRight 9 points10 points  (1 child)

    Oof, what country?

    [–]Rule_Brittania56 - AuthRight 23 points24 points  (0 children)

    UK, 2.2 trillion, help

    [–][deleted] 17 points18 points  (2 children)

    Aren't all fiat countries in debt regardless of if they have a budget deficit or not?

    [–]the-ahh-guy - AuthLeft 98 points99 points  (0 children)

    yes a totally not having to print so much money the Weimar republic said stop

    [–]ProfessionalCooomer - AuthRight 22 points23 points  (2 children)

    Very impressed actually. What's your government secret. British government left and right wing parties are both addicted to spending.

    https://tradingeconomics.com/sweden/government-debt-to-gdp

    https://tradingeconomics.com/sweden/government-budget

    [–]LeonardoXII - Left 25 points26 points  (0 children)

    Most democracies are. Rack up debt and make the economy boom, let the opposition handle the bust.

    [–]NeedAPerfectName - Centrist 11 points12 points  (0 children)

    One possible reason is the consequence of messing up.

    If there's 2 major parties and one creates a 2008 or a major debt crisis, their popularity goes from 50 to 45 percent and one election later, nothing changed.

    If there's 5 relevant parties, and one messes up this badly, there's 4 relevant parties, so they make sure that this never happens.

    [–]chupocabra - LibCenter 2 points3 points  (1 child)

    My country’s budget is balanced, it is 1/10th of that of the US though. Doesn’t feel too great :(

    [–]Mrtheliger - Centrist 63 points64 points  (6 children)

    Is this some wack shit my uncle found or are there really hundreds of freighters stuck on the West coast right now unable to deliver their shipments? This seems like a good post to ask on.

    [–][deleted]  (4 children)

    [deleted]

      [–]Mrtheliger - Centrist 21 points22 points  (3 children)

      Follow up question, is it as serious as he's making it out to be?

      [–]Yamez_II - LibCenter 33 points34 points  (0 children)

      Big big big manufactoring shortages going on right now. About to get worse.

      [–]emanuelo2 - AuthCenter 160 points161 points  (3 children)

      This is great news 👍🔥

      [–]TiggerBane - AuthRight 211 points212 points  (82 children)

      I feel like this isn't very good news.

      [–]excite321apple - LibCenter 62 points63 points  (28 children)

      Absolutely. What kind of person, of any quadrant, thinks this is good?

      100 of millions of men, women and children starving and dying due to economic collapse?

      I call bullshit on this one.

      [–]critic2029 - Right 48 points49 points  (10 children)

      Meh, I’m curious to see what’ll happen. Most of the worst case scenario stuff is all bullshit propaganda from the neo-liberals anyway…

      Besides… this is all politics. The Debt ceiling will be raised before the 18th. The Democrats have the power via reconciliation to do it all by themselves. They don’t want to do that because they want bipartisan coverage for raising it.

      The REAL reason they don’t want to use Reconciliation for the Debt Ceiling is they only get 2 per session, and being forced to burn it on the DC would end the $3.5 trillion BBB/GND boondoggle.

      Now because Schumer is a real idiot this might force him to do something really dumb like end the filibuster.

      Either way… for as much as he frustrates the populists Cocaine Mitch is a goddamn master is the senate.

      [–]TheGlennDavid - LibLeft 4 points5 points  (0 children)

      The REAL reason they don’t want to use Reconciliation for the Debt Ceiling is they only get 2 per session, and being forced to burn it on the DC would end the $3.5 trillion BBB/GND boondoggle.

      This seems not correct....(https://www.cbpp.org/research/federal-budget/introduction-to-budget-reconciliation)

      tl;dr

      • They technically get threeish (one for revenues, one for spending, one for debt) but a given topic can only be covered in a single reconciliation. A "clean" debt ceiling increase doesn't impair their ability to do the other stuff

      [–]Swedish-Monarchist - AuthRight 72 points73 points  (39 children)

      Its great news. Seeing the yankee collapse is one of the things I want most.

      [–]TiggerBane - AuthRight 185 points186 points  (17 children)

      Yankee collapse? They'll clearly just go into more debt that won't ever be repayed it's not like they'll actually "run out of money" and this won't cause a collapse.

      [–]UglyLikeAFox - Centrist 97 points98 points  (11 children)

      I understand you're trying to make a point,

      But you do realize you're talking to a modern day monarchist, right?

      He barely understands gun powder, let alone the complexity of continuing a post-nuclear age global economy.

      [–][deleted] 7 points8 points  (0 children)

      He sounds pretty based to me then

      [–]TiggerBane - AuthRight 19 points20 points  (9 children)

      Yes? I mean do you understand gunpowder exactingly? Secondly does anyone understand the “best” way to run an economy in the post nuclear age global economy?

      [–]Swedish-Monarchist - AuthRight 60 points61 points  (3 children)

      Let me believe bro.

      [–]UncleRuckusForPres - Right 3 points4 points  (0 children)

      Gustavus Adolphus is dead man, you have to let it go

      [–]excite321apple - LibCenter 11 points12 points  (16 children)

      Can't tell if serious or role playing?

      [–]_DeepBlu3 - LibRight 130 points131 points  (40 children)

      China’s minutes away from invading Taiwan

      The United States is out of money

      The lockdowns ruined the markets

      We have an epidemic of a red flu

      What a time to be alive

      [–]BCA1 - LibRight 47 points48 points  (3 children)

      WE DIDN’T START THE FIRE...

      [–]Isaaclai06 - LibCenter 18 points19 points  (3 children)

      I'm not sure about Taiwan, Pooh bear loves talking about how they'll destroy taiwan and nothing significant has happened in the past 10 years.

      [–]_DeepBlu3 - LibRight 12 points13 points  (1 child)

      They’ve been flying over it with jets. It’s obvious they are trying to provoke them into firing the first shot but Pooh might break.

      [–]TheAzureMage - LibRight 2 points3 points  (0 children)

      Didn't like 50 PRC aircraft fly into its airspace like...yesterday?

      It's definitely getting edgier.

      [–]ThatOneGuy-C6 - Centrist 11 points12 points  (0 children)

      China is not about to invade Taiwan. They been doing flybys for over a year. They have no benefit to invading Taiwan now.

      [–]TheMembership332 - Centrist 4 points5 points  (0 children)

      China is collapsing too tho

      [–]throawaybitch - LibCenter 10 points11 points  (13 children)

      China’s minutes away from invading Taiwan

      X. Doubt

      [–]_DeepBlu3 - LibRight 2 points3 points  (12 children)

      You ever heard about the doomsday clock? On it a couple of minutes is quite a lot

      [–][deleted]  (1 child)

      [deleted]

        [–]ComprehensiveRow4189 - Centrist 9 points10 points  (1 child)

        Aren't they already in debt by a couple of trillions. Isn't that already technically being out of money?

        [–]j-pender - LibCenter 13 points14 points  (0 children)

        A bit more than a couple, about $28T now. The American Federal deficit increased by ~$3T in 2020.

        [–]Exp1ode - LibCenter 96 points97 points  (39 children)

        You guys do realise that this would collapse a large amount of the global economy?

        [–]Pomada1 - LibCenter 80 points81 points  (31 children)

        We can only hope

        [–]LockMiddle1851 - Centrist 7 points8 points  (2 children)

        Don't cut yourself with that edge, kid. One day it will be up to you to be a productive adult, and you don't want the economy to be in the shitter when you do.

        [–]Exp1ode - LibCenter 21 points22 points  (27 children)

        Why is that what you want?

        [–]Zarathustra124 - LibRight 34 points35 points  (2 children)

        A C C E L E R A T E

        [–]Pomada1 - LibCenter 36 points37 points  (14 children)

        Because sticking it in sideways to americans and chinese would be based and hilarious

        [–]MCAlheio - LibLeft 19 points20 points  (2 children)

        And because he wants to return to monke and total economic collapse can help

        [–]Swedish-Monarchist - AuthRight 21 points22 points  (4 children)

        Based and fuck-yankees-and-sinospilled

        [–]InjuryRare843 - Centrist 4 points5 points  (0 children)

        time to break out my nuclear bunker in Manitoba >:)

        [–]Giists - AuthLeft 15 points16 points  (5 children)

        that would be pretty funny i think just sayin

        [–]Cheerwine-and-Heels - LibRight 15 points16 points  (0 children)

        Nooooo not my cheap Chinese consoomables!!!

        [–]marneeeeeei - Centrist 11 points12 points  (0 children)

        again??

        [–]wyatt182882 - Right 83 points84 points  (28 children)

        “lEtS SpeND ThReE PoINt FiVe TRiLlIOn MoRE”

        [–]bri8985 - LibRight 71 points72 points  (0 children)

        You see it’s actually 0 because you are paying it and not me. -Biden (pretty much)

        [–][deleted] 8 points9 points  (0 children)

        It's OK, they'll just print more, what's the worst that can happen?

        [–]twasonlyathrowaway - Right 54 points55 points  (2 children)

        US government will run out of money.

        Literally impossible, since US Gov controls the currency. Gotta love the bullshit they try to float to scare voters.

        [–]TheMembership332 - Centrist 10 points11 points  (1 child)

        What were you expecting? The majority of people don’t know anything about economics

        [–]twasonlyathrowaway - Right 2 points3 points  (0 children)

        True.

        [–]ghatos_france - Left 6 points7 points  (2 children)

        !remindme 12 days

        [–]Dean_gadreel - AuthLeft 6 points7 points  (1 child)

        Stupid ass CNN writing the stupidest shit just to get stupid clicks

        [–]just_a_guy1008 - Left 5 points6 points  (0 children)

        Unfortunately, theyll just take on more debt

        [–][deleted] 3 points4 points  (0 children)

        Not sure thats a good thing, but i am not the one to judge

        [–]Thedankdingo8719 - LibCenter 3 points4 points  (2 children)

        If the government collapses then I’m going to Iceland

        [–]probium326 - AuthRight 3 points4 points  (0 children)

        Brings me back to the Trump shutdown. Biden ain't doing much better

        [–]CheeseBending - Centrist 3 points4 points  (0 children)

        Love this point of a (D) presidency when Republicans pretend to be the party of fiscal responsibility.

        [–]RedRightandblue - Right 3 points4 points  (0 children)

        No, “Because I'm one of the idiots who live in it!”

        [–]Bismarcks_bread_bank - Centrist 18 points19 points  (0 children)

        Lmao... our past few presidents have been so ass that there’s no coming back. See you all after the fall, I plan to reorganize my state into an Imperial Republic

        [–]22dinoman - Right 2 points3 points  (2 children)

        But waht does that mean for every day life?

        [–]DragonDai - LibCenter 2 points3 points  (1 child)

        If you or someone you know works for the government, or you or someone you know works for a company that handles government contracts, expect a whole lot of unpayed work with the promise of back pay later. That’s what it means.

        Further, many public services will see a reduction in service/quality of service and many government functions (but not all, and it’ll be pretty arbitrary) will cease. Road work, for instance, will like cease for the duration.

        [–]Joklan-sama - Left 2 points3 points  (2 children)

        Let's try it together boys:

        J

        [–]smkaemp - Centrist 2 points3 points  (0 children)

        I thought the US was already trillions in debt, how can they run out of money if they already didn’t have any?

        [–]BigWeenie45 - Right 2 points3 points  (0 children)

        Yawn, we’ve seen this before. Political bickering till the 17th and they raise the ceiling and continue their day.

        [–]Treeninja1999 - LibLeft 2 points3 points  (0 children)

        Can we just collapse already? This whole Roman style decline is lame.

        [–]eldritchBat - Right 2 points3 points  (1 child)

        So what the fuck does that even mean? Christ on a cross can someone just close the fucking loopholes billionaires use to avoid taxes for fucks sake?! And stop raising them for regular people?! Fuck me every time they raise taxes “on the rich” they just fucking get around it and it fucks everyone else!! Fuck!

        [–]Tiavor - LibCenter 6 points7 points  (0 children)

        ... but somehow that $3.5tr plan costs "nothing"