Elon Musk has mentioned several times his concern about the US going bankrupt.

Jul 26, 2024
2:28:20pm

Ripliancum Playmaker

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
Bio page: Ripliancum
Joined: Dec 12, 2007
Last login: Sep 7, 2024
Total posts: 1,439 (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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