@NUNUCOINnunu @WatcherGuru Unfortunately the regular people in Israel, Iran, across the Middle East and no doubt Americans will be dealing with the consequences for years thanks to these selfish nutjobs and their enablers.
@NUNUCOINnunu @WatcherGuru You already know their leadership are a bunch of religious fanatics and at the helm a criminal trying to stay in power so he can avoid jail. Same as America.
@DRJonesII@power_white@WatcherGuru So if you fuck around and run your your credit card your car or house may be repossessed to pay for it….
What happens when the government can’t pay it debts? Life just foibles on and we’ll laughs t memes, maybe post nonsense in X and lol
@DRJonesII@power_white@WatcherGuru The USA can also print money which further enables fiscal irresponsibility but the moment no one believes in the dollar is when other countries stop bailing the USA out by buying its debt.
The people will suffer the consequences of defaulting on the debt…
@DRJonesII@power_white@WatcherGuru So the US is owned by those who own its debt - and because the debt is taken out in the name of US Citizens, the people are owned by the people who issued the loans that the government has to repay.
The USA is in debt because successfice governments are fiscally irresponsible
@DRJonesII@power_white@WatcherGuru It’s actually very similar. It’s money that is produced out of thin air at the wave of a pen and must be repaid with interest.
The cold fact is the debt can never be repaid unless the government uses taxes owns profitable industries that generate enough money to repay it.
@ptwave25@power_white@WatcherGuru Credit is credit no mater what name you give it. You are borrowing someone else’s money and they want a return on investment for that in the form of interest.
@GrowthPact@WatcherGuru@grok He can’t do it. He’s just chatting shit for the simpleminded to react to to fill the news space with noise so we don’t call him out on his bullshit.
@za_usrt I live in London, I can tell you that’s not how the Royal Guard dress or where they stand now how they behave. Don’t be gullible, it’s a staged prank video.
@fibonaccicap@power_white@WatcherGuru The politicians are reckless with public finances though so why they can tak our loans in our name on a whim and not see any negative effects themselves they’ll do it.
Politician wasting public money should be under threat of substantial jail time - that would alter behaviour
@fibonaccicap@power_white@WatcherGuru An interim step would be to cancel interest and have strict rules on who could borrow and for why plus not allowing the US government to take out additional loans until debts are repaid. It would be a partial collapse of the system being propped up on credit if they did
@fibonaccicap@power_white@WatcherGuru They would have to cancel debt.
By its nature there is more interest owed than there is money in existence so someone will be a slave to debt one way or another.l in the current system
@WatcherGuru We all know what happens when you can’t pay your bills. Do the people in office know though… they do, but they’re insulated as they’ve been enriching themselves at our expense the whole time. We will foot the bill once again like 2008x