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akira_akuma
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Re: Trump [Re: Enlil]
#23598489 - 08/31/16 06:29 PM (7 years, 4 months ago) |
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no.
no one person will be able to pay off the debt. no collective of people will be able to pay off the debt. the debt is too large.
even raising taxes won't pay it off, because it's still going to go up, due to the requirements of the people to take out money to live their life.
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Enlil
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Like I said, you're very confused.
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akira_akuma
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Re: Trump [Re: Enlil]
#23598505 - 08/31/16 06:33 PM (7 years, 4 months ago) |
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not really.
the debt is incurred due to people having to perpetuate money into the currency, so that they can pay off the various projects, allowances, ect, that they are given to proceed through their chosen career choices, or otherwise choices in life. someone has got to pay for it all, and they won't be paid back. their money is tied up.
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Enlil
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Yeah...you're confused. The national debt is unrelated to people's individual debts.
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Kinko
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Re: Trump [Re: Enlil]
#23598512 - 08/31/16 06:35 PM (7 years, 4 months ago) |
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He better be careful the government will conspire with a cartel organization and have him kidnapped. What will the USA respond be ?
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Falcon91Wolvrn03
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Quote:
akira_akuma said: not really.
the debt is incurred due to people having to perpetuate money into the currency, so that they can pay off the various projects, allowances, ect, that they are given to proceed through their chosen career choices, or otherwise choices in life. someone has got to pay for it all, and they won't be paid back. their money is tied up.
You're very confused. And now so am I.
-------------------- I am in a minority on the shroomery, as I frequently defend the opposing side when they have a point about something or when my side make believes something about them. I also attack my side if I think they're wrong. People here get very confused by that and think it means I prefer the other side.
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Kinko
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Re: Trump [Re: Kinko]
#23598518 - 08/31/16 06:37 PM (7 years, 4 months ago) |
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If all debt is paid off then the economy collapses... This country is run on debt and debt only.
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akira_akuma
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Re: Trump [Re: Enlil]
#23598524 - 08/31/16 06:38 PM (7 years, 4 months ago) |
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it's irrelevant what kind of debt. all debt is debt. the national debt won't be paid off, either. because that money will be tied up in having to produce what it's already been assigned for, which is a non-stop process. the nation doesn't just quit growing.
thus the money is never going to get back to the lender in full. that lender is screwed.
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Enlil
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Re: Trump [Re: Kinko]
#23598525 - 08/31/16 06:39 PM (7 years, 4 months ago) |
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There's no question that debt is very often a better choice than not having debt.
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akira_akuma
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Re: Trump [Re: Enlil]
#23598527 - 08/31/16 06:39 PM (7 years, 4 months ago) |
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the lenders should stfu then.
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Enlil
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What lender are you talking about?
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Falcon91Wolvrn03
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Re: Trump [Re: qman]
#23598529 - 08/31/16 06:40 PM (7 years, 4 months ago) |
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Quote:
qman said:
Quote:
Falcon91Wolvrn03 said: What kind of credit growth do you believe isn't rising? It's rising across the board. We're not in a liquidity trap, as you claimed.
http://www.wsj.com/articles/big-banks-cut-back-on-small-business-1448586637
Small business loans down significantly in recent years, this is the heart of the economic engine.
http://seekingalpha.com/article/3987941-weak-global-credit-growth-keeps-rates-low-risk-assets-risk-period-longer
We are all tied into a global economy and it's not a good story.
http://fortune.com/2016/07/07/bill-gross-low-interest-rates/
"central banks should have realized what is ailing the economy is an overall lack of growth in 'credit' or the expansion of the money supply that comes mostly in the form of increased bank lending. Credit growth which averaged 9% a year since the beginning of this century barely reaches 4% annualized in most quarters now, Gross writes. And why isn't that enough? Well the proof's in the pudding or the annualized GDP numbers both here and abroad."
None of those articles show a liquidity trap. And all three show growing credit growth, albeit not as much as would be ideal.
-------------------- I am in a minority on the shroomery, as I frequently defend the opposing side when they have a point about something or when my side make believes something about them. I also attack my side if I think they're wrong. People here get very confused by that and think it means I prefer the other side.
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Falcon91Wolvrn03
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Re: Trump [Re: Kinko]
#23598533 - 08/31/16 06:41 PM (7 years, 4 months ago) |
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Quote:
Kinko said: If all debt is paid off then the economy collapses... This country is run on debt and debt only.

You're even more confused.
-------------------- I am in a minority on the shroomery, as I frequently defend the opposing side when they have a point about something or when my side make believes something about them. I also attack my side if I think they're wrong. People here get very confused by that and think it means I prefer the other side.
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Enlil
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Just to confuse Akira even more, you do know that America has always paid off its debts. Never once has a lender not been paid back in full and with interest.
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akira_akuma
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Re: Trump [Re: Enlil]
#23598544 - 08/31/16 06:43 PM (7 years, 4 months ago) |
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Quote:
You're very confused. And now so am I. 
wrong. i am talking debt in general, and made a general statement. what i said isn't confused. it's accurate. debt always gets tied up within government enterprise, that includes bank and student loans.
it's all tied to the same idea, debt. the idea of debt doesn't change across the board because we're talking about a specific type of debt. i mean all debt, debt in general. it won't get paid back. a personal loan, in a small amount, sure, that's not what we're talking about. we're talking about huge loans. they will not be returned.
Quote:
Enlil said: What lender are you talking about?
all lenders that expect a return within business, government, and among the wealthy.
Quote:
Enlil said: Just to confuse Akira even more, you do know that America has always paid off its debts. Never once has a lender not been paid back in full and with interest.
and never once has the US not been in debt, for longer than it takes to shake piss from a dick. it spends more than it can afford to spent, that's why there is a debt in the first place.
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Enlil
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That's not true. The U.S. wasn't in debt on January 8, 1835. That lasted for a year....far longer than the time it takes to shake piss from a dick.
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akira_akuma
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Re: Trump [Re: Enlil]
#23598557 - 08/31/16 06:46 PM (7 years, 4 months ago) |
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yeah, for little over a year. wow. and that was when the population of the US was what?
and yeah, to be more specific, i'm talking about the national debt. who cares if lenders get paid, the fact is, the debt doesn't go away.
people have to keep paying into debt. there is no escape from that treadmill. someone can be fine lending money. this doesn't help to pay off any debt, because they debt is constant. there is too many people whom need what that money pays for, and that's why it's there in the first place, otherwise lenders would just keep their money.
they want their interest, as well. also money that comes out of someone else pocket. how is that not debt? interest is debt.
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Enlil
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What does it matter? You make shit up and post it as if it's true.
Bottom line: America pays off debt every single day.
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Falcon91Wolvrn03
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Re: Trump [Re: Enlil]
#23598565 - 08/31/16 06:48 PM (7 years, 4 months ago) |
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Quote:
Enlil said: Last time we raised more in taxes than we spent, the debt still went up.
You've peaked my interest. When was that?
-------------------- I am in a minority on the shroomery, as I frequently defend the opposing side when they have a point about something or when my side make believes something about them. I also attack my side if I think they're wrong. People here get very confused by that and think it means I prefer the other side.
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Enlil
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1998-2001
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