[fhdkweig]

After the bailouts of 2008, I think the only thing to fear is that the US government will fail first. As long as they can afford to keep big businesses going, they will. Whether things will get bad enough that the government can't afford to do that is an exercise to the reader.

[thewebguyd]

I mean, we are approaching the point where the government can't afford to do that. Debt is near $40 trillion, and debt held by the public has recently just slightly tipped over 100% of the US GDP, so we are long past affordability.

Interest payments on US Debt are already $1T annually. If GDP stops growing faster than the interest rate on the debt, we're "cooked" as the kids say.

If we lose reserve currency status, we are equally screwed.

A big tech bailout isn't going to look like a big cash injection. It would look more like total asset seizure and nationalization of those companies.

[alexashka]

Money is just numbers.

If we didn't have food, you'd have a point. If factories weren't churning out more stuff than anyone knows what to do with - you'd have a point.

All this is is a bunch of incompetent, spoiled idiots in positions of power that will sooner or later have to make room for people who know what they're doing.

Nobody in this globalized economy is interested in things no longer working - even the incompetent idiots. All that has to happen is 60+ year old retards who thought they were going to move up the power ladder because 'seniority' will need to go fuck off and play golf and their children will need to go fuck off and work in lower middle management.

That's all.

Of course they spend billions every year telling you otherwise. Their other big lie is that we can't tax anyone or do anything because 'they will just leave' or 'China' or 'USSR' or 'terrorism' or some other bullshit. It's all bullshit, it's been bullshit and it will continue to be bullshit until you turn your brain on for 2 minutes and realize it's either retards in charge or not - the rest is talk.

[deadbabe]

US Government won’t fail. They can certainly just default on all debt and keep on going like many other countries. It will be a shitty country going forward, but not a failed one.

The best thing you can do is diversify assets to be prepared for that scenario, so you do not fall into the hell of a permanent underclass, in perpetual servitude.

[dgellow]

The US defaulting would easily trigger the worst economic shock the world ever experienced. Other countries that defaulted weren’t the hegemonic power