[1970-01-01]

More proof that a nuclear nation can do whatever the hell it wants until the money runs out.

[lenkite]

More proof that a nation with "world reserve currency status" can do whatever the hell it wants until the world decides to move to other currencies. Alas, such nation is using violence (abduction+piracy+war), threats and coercion to ensure that never happens.

[dylan604]

Isn't that what happened to Russia? Didn't slow them down

[testing22321]

If negative 38 TRILLION dollars is not “run out”, what is?

[observationist]

US net worth, including government and private wealth, composed of financial and other assets, comes to around $200 trillion USD, including the $38T in debt.

Total governmental assets come to around $25T. $38T in debt is bad, but that doesn't represent net worth.

[onemoresoop]

Let's not forget that all that net worth is not liquid and pumped up with hot air.

[ceejayoz]

People being unwilling to loan you more.

Which, at present, seems quite a ways off still.

[testing22321]

Hold that thought.

[ceejayoz]

How long? I remember folks freaking out about $5T when I was in middle school.

[testing22321]

I reckon the coming war, no elections and then civil war ought to get it done.

Three years, tops.

Watching the two new ICE shootings, could be next week though.

[1970-01-01]

It happens in levels as the credit rating defaults