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Jul 26, 2024
2:28
:20
pm
Ripliancum
Playmaker
Elon Musk has mentioned several times his concern about the US going bankrupt.
Among other things he points to 75% of income tax going to debt payments. Is this bankrupcy of the federal government something one can prepare for?
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Ripliancum
Previous username
gingi
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Ripliancum
Joined
Dec 12, 2007
Last login
Sep 18, 2024
Total posts
1,454 (2 FO)
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Messages
Author
Time
Elon Musk has mentioned several times his concern about the US going bankrupt.
Ripliancum
Jul 26, 2:28pm
Not really. The world economy is screwed if that happens.
allaboutthegainz
Jul 26, 2:30pm
If the US goes bankrupt everyone will be hosed.
byujdmba
Jul 26, 2:33pm
The next Great Depression will probably cause a lot of starvation deaths
AggieWeekendCougar
Jul 26, 2:43pm
So a year's supply may in fact be a good idea.
byujdmba
Jul 26, 3:03pm
Hyperinflation will solve everything, not to worry. The Treasury will just add
Rocketman
Jul 26, 2:56pm
Yep, that’s how it’s almost always done historically. Defaulting on our debt
Jstak17
Jul 26, 3:39pm
Let’s see how long the us government can continue to borrow to itself.
Cougarclaw
Jul 26, 3:01pm
1. What different conditions would we be living in if there's a default?
Ripliancum
Jul 26, 3:58pm
Government’s ability to borrow would be decreased / interest rates would rise
byujdmba
Jul 26, 4:03pm
2. Would there actually be a difference if on a farm with well, solar, 10yr food
Ripliancum
Jul 26, 4:08pm
Asked because as one prepares, the dependence on fuels and spare parts becomes
Ripliancum
Jul 26, 4:19pm
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