If the US goes bankrupt everyone will be hosed.

Sign up, and you can customize which countdowns you see. Sign up

Report problem with this ad

Jul 26, 2024
2:33:35pm

byujdmba Political Junky

If the US goes bankrupt everyone will be hosed.

In economics the "risk free" interest rate is what the US government pays, based on the theory that, among other things, if the US government fails we're all hosed and have huge problems, i.e., too big to fail. If it actually does, it'd be worse than 1929.

Report problem with this ad

byujdmba

Bio page: byujdmba
Joined: Jan 5, 2015
Last login: Nov 3, 2024
Total posts: 20,149 (433 FO)

Report problem with this ad

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

Report problem with this ad

Posting on CougarBoard

In order to post, you will need to either sign up or log in.

Report problem with this ad