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by testing22321 164 days ago
If negative 38 TRILLION dollars is not “run out”, what is?
3 comments
observationist 164 days ago
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.

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onemoresoop 164 days ago
Let's not forget that all that net worth is not liquid and pumped up with hot air.
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ceejayoz 164 days ago
People being unwilling to loan you more.

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

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testing22321 164 days ago
Hold that thought.
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ceejayoz 164 days ago
How long? I remember folks freaking out about $5T when I was in middle school.
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testing22321 164 days ago
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.

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1970-01-01 164 days ago
It happens in levels as the credit rating defaults
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