Spyke
lemmyshitpost·Lemmy ShitpostbyborQue

USA officially bankrupt (insolvent)

I kid you not. This is NOT fake news. Read about it here:

https://goldsilver.com/industry-news/article/the-u-s-governments-own-numbers-show-its-insolvent/

and here

https://fortune.com/2026/03/23/us-government-insolvent-fiscal-crisis-fix/

So before you start to be "great" again, shut up and pay your dues.

ps: And for the herd of downvoters in advance: I'm sorry but it's the bone-dry truth.. every downvote shows you cannot handle that.

View original on lemmy.zip

I'm absolutely going to trust a site making money shilling for gold and silver, on the solvency of a government controlling the world's reserve fiat currency. There's no way they'd lie about that to help their own interests.

26
lemmy.zip

okay, so the US has way more debt than assets. how is that different from the previous year or the year before that? what’s the magic threshold that makes it “official”?

15

Well in the years before the financial experts still had the idea that it eventually would turn out ok. They now think it won't and to be frank, I and even my father already thought that in the 1980's and he was far from stupid.

1
macnielreply
feddit.org

and yet a country has to pay back debt (hi greece) and when they can't they are bankrupt.

6
village604reply
adultswim.fan

The USD is a fiat currency. They can just print more to pay back the debt.

It would cause inflation, but they can't go bankrupt.

5
macnielreply
feddit.org

sure its fiat currency, but other countries don't have to accept it when its less worth than the paper the money was printed on.

1

The amount of money they would need to print in order to pay it back, would cause the kind of inflation that bankrupts a country.

0

Bankruptcy is a legal term, whatever the law says that can be bankrupt can in practice be bankrupt.

5
lemmy.world

It doesn't need to be a business to be able to go bankrupt. Governments have incomes, expenses and debtors. They only can't file for bankruptcy to get out of their debts, which makes it worse for the country.

2
marcosreply
lemmy.world

They only can’t file for bankruptcy to get out of their debts

Countries do that all the time... well, not really all the time, but most decades at least one does it.

-1

What countries do is not the same though. At least in the Netherlands when a company files for bankruptcy the judge will appoint someone to sell all the companies assets and try to pay back the debtors.

2

Cash flow insolvent. Morally bankrupt. We can print more cash, but morals can't be printed. Morality must be lived.

5
lemmy.ca

piss: i don't care if the states is bankrupt or not, but i downvoted anyway because you're apparently being serious about this lol

4
borQuereply
lemmy.zip

the pity thing is: I shouldn't be serious about it; you should.

1
snoonsreply
lemmy.ca

I fart in your general direction.

2

Can't wait for the firesale... I'll take pedo Donnie's mirkin of a toupee for €20

1

You reached the end