Submitted 15 hours ago by borQue@lemmy.zip to [deleted]
https://lemmy.zip/pictrs/image/a12d1116-54a4-4a3a-9c3a-824cca05596d.avif
I kid you not. This is NOT fake news. Read about it here:
goldsilver.com/…/the-u-s-governments-own-numbers-…
and here
fortune.com/…/us-government-insolvent-fiscal-cris…
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.
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”?
Truly a Shitpost. Bravo sir!
A country can’t be “bankrupt”. It’s not a business.
and yet a country has to pay back debt (hi greece) and when they can’t they are bankrupt.
Bankruptcy is a legal term, whatever the law says that can be bankrupt can in practice be bankrupt.
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.
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.
Cash flow insolvent. Morally bankrupt. We can print more cash, but morals can’t be printed. Morality must be lived.
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
Steve@communick.news 15 hours ago
I’m absolutely going to trust that a site making money shilling for gold and silver, on the solvency of a government with the world’s reserve fiat currency. There’s no way they’d lie about that to help their own interests.