• MrSulu@lemmy.ml
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    30 days ago

    Overseen by man with significant history of refusing to repay loans.

  • Smoogs@lemmy.world
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    30 days ago

    so rather than just pay a tax like a socialist country would up front, US is now only just surviving on tariffing …which is paid … by their own people ….as a tax. On top of whatever tax you already pay ……while digging more deficits.

  • discocactus@lemmy.world
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    30 days ago

    Just for the sake of argument: It’s possible to create gasoline from any hydrocarbon feedstock (wood, cow shit, OSB scraps, rice hulls, sugar) for about $12/gallon. At 42 gallons of gas/jet fuel/diesel/kerosene per barrel of oil, that’s roughly $504 of finished product per barrel (@ $12/gal).

    That means $50 billion would get you about 100 million barrels of synthesized oil. Since the US consumes about 20,000,000 barrels of oil per day we’d be able to synthesize 5/7ths of our oil consumption from waste biomass for that $50 billion per week. Food for thought.

  • Sam_Bass@lemmy.world
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    30 days ago

    Bigger shock is that somebody loaned him anything since his bankruptcies have been public knowledge for decades

    • TronBronson@lemmy.world
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      30 days ago

      It’s the federal reserve loaning the government money, there’s no way they’re paying for all this in bond auctions.

        • TronBronson@lemmy.world
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          29 days ago

          I mean ya he’s handing himself money and handing your grandchildren debt. They’ve been doing this around the clock since 2008. The government only exists to help billionaires steal your hard earned money.

            • TronBronson@lemmy.world
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              29 days ago

              None of us are which is funny as fuck, but one of us will be the last generation of old farts with no kids to take care of us.

              • P1k1e@lemmy.world
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                29 days ago

                It’s certainly on my mind. I figure, I’ll keep going as long as my wife’s alive, she’s worth the struggle. Once she’s gone, it may be time for a revolving cylinder style exit

                • TronBronson@lemmy.world
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                  29 days ago

                  Oh there’s always another bright moment to look forward too. I’m sorry to hear about your wife, cherish the time you have.

                  -a depressed guy with a stick in his eye

  • Reygle@lemmy.world
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    29 days ago

    As a solitary meat popsicle with limited understanding of fucked up shit, at what “level” of fucked up shit is the US finally and officially “perma-fucked”?
    Every time my meat popsicle brain thinks “That’s probably the last straw” they find thousands more straws somewhere AND I DON’T GET IT.

    • TeddE@lemmy.world
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      29 days ago

      That was back at the moment when Trump threw around enough tariffs to make countries with longstanding enmity sign direct trade deals with each other, cutting us out as the middleman. Those will never, ever come back (they were mostly forged in the wake of WWII, when the US had the only functional economy)

      As for when we’ll see it? I think we have a “oh shit” world stage moment if the US tries to attack Greenland, as Denmark will then have to defend - and then by chain of treaties WWIII kicks off.

      If we avoid that fate somehow, then there probably won’t be a specific moment - the US will over twenty or so years just slowly collapse in on itself and other countries will quietly start ignoring US while publicly paying lip service. … - There will probably be an event when we publicly can’t afford the giant military we have which will be an existential crisis for a news cycle.

      That’s my attempt to read the tea leaves in the crystal ball.

  • vane@lemmy.world
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    1 month ago

    I disagree, according to my observation U.S. borrowed at least $69.7B per week 1 394,11 / 20

    United States of America 3,5% 25/28	US91282CPC90	99.75	13/10/2025	USD	100	15/10/2025	3.50%	15/10/2028	59.08 bn	
    United States of America 3,625% 25/30	US91282CPD73	99.23	31/10/2025	USD	100	31/10/2025	3.63%	31/10/2030	74.02 bn	
    United States of America 3,5% 25/27	US91282CPE56	99.74	31/10/2025	USD	100	31/10/2025	3.50%	31/10/2027	72.96 bn	
    United States of America 3,75% 25/32	US91282CPF22	98.81	03/11/2025	USD	100	31/10/2025	3.75%	31/10/2032	46.53 bn	
    United States of America 0,000% 25/26	US912797SK41	97.28	03/11/2025	USD	100	30/10/2025	-	29/10/2026	52.80 bn	
    United States of America 3,5% 25/28	US91282CPK17	99.73	13/11/2025	USD	100	15/11/2025	3.50%	15/11/2028	67.03 bn	
    United States of America 4,625% 25/55	US912810UP11	96.67	17/11/2025	USD	100	15/11/2025	4.63%	15/11/2055	28.89 bn	
    United States of America 4% 25/35	US91282CPJ44	98.53	17/11/2025	USD	100	15/11/2025	4.00%	15/11/2035	48.54 bn	
    United States of America 3,75% 25/32	US91282CPM72	98.76	01/12/2025	USD	100	30/11/2025	3.75%	30/11/2032	49.03 bn	
    United States of America 3,5% 25/30	US91282CPN55	98.85	01/12/2025	USD	100	30/11/2025	3.50%	30/11/2030	70.00 bn	
    United States of America 3,375% 25/27	US91282CPL99	99.68	01/12/2025	USD	100	30/11/2025	3.38%	30/11/2027	76.89 bn	
    United States of America 3,5% 25/28	US91282CPP04	99.72	11/12/2025	USD	100	15/12/2025	3.50%	15/12/2028	58.00 bn	
    United States of America 0,000% 25/26	US912797TC16	96.78	06/01/2026	USD	100	26/12/2025	-	24/12/2026	52.30 bn	
    United States of America 3,875% 25/32	US91282CPQ86	99.48	02/01/2026	USD	100	31/12/2025	3.88%	31/12/2032	48.69 bn	
    United States of America 3,625% 25/30	US91282CPR69	99.38	02/01/2026	USD	100	31/12/2025	3.63%	31/12/2030	77.46 bn	
    United States of America 3,375% 25/27	US91282CPS43	99.67	02/01/2026	USD	100	31/12/2025	3.38%	31/12/2027	76.35 bn	
    United States of America 3,5%   26/29	US91282CQA26	99.91	13/02/2026	USD	100	15/02/2026	3.50%	15/02/2029	74.43 bn	
    United States of America 4,125% 26/36	US91282CPZ85	100.81	17/02/2026	USD	100	15/02/2026	4.13%	15/02/2036	53.90 bn	
    United States of America 4,75%  26/56	US912810UR76	0.00	18/02/2026	USD	100	15/02/2026	4.75%	15/02/2056	32.08 bn
    United States of America 0,000% 26/27	US912797TV96	96.67	23/02/2026	USD	100	19/02/2026	-		18/02/2027	52.28 bn	
    United States of America 4,625% 26/46	US912810UT33	99.95	24/02/2026	USD	100	15/02/2026	4.63%	15/02/2046	17.92 bn	
    United States of America 3,375% 26/28	US91282CQB09	99.71	27/02/2026	USD	100	28/02/2026	3.38%	29/02/2028	77.27 bn	
    United States of America 3,5%   26/31	US91282CQD64	99.24	02/03/2026	USD	100	28/02/2026	3.50%	28/02/2031	78.39 bn	
    United States of America 3,75%  26/33	US91282CQC81	98.78	03/03/2026	USD	100	28/02/2026	3.75%	28/02/2033	49.27 bn	
    
  • Mulligrubs@lemmy.world
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    1 month ago

    Trump has never paid his bills a day in his life.

    He fucked over his own chauffeur, and thousands of his contractors and employees. He’s declared bankruptcy something like eight times, leaving investors with nothing. He’s gone to court over a thousand times; no other real estate developer has these problems. Interestingly, his mentor was Roy Cohn, who had the same issue of skipping bills (coincidentally I am sure).

    So, long story short for libbies, Trump will buy a company named “American Fury MAGA USA Friends” and transfer all the country’s debt to it, and THEN that company will declare a new feature he’s devised, called “Supreme Bankruptcy” which cannot be overturned by the Supreme Court because it’s Supreme, too.

    Problem solved, in your face commies

    Related to this problem, our entire country’s financial system is based on debt; we don’t even control our own money. The FED is controlled by select appointed bankers, who practically all work for banks or are on the boards of banks and investment firms before and after their appointed terms.

    The dollar is worth less every year for a reason, it’s called profiteering. It’s designed to collapse; with each collapse these same interests buy everything once prices are tanked. Then, they start the process again. Every year it gets exponentially worse because math is mean.

    They don’t even hide it.

    https://www.federalreserve.gov/aboutthefed/fedexplained/who-we-are.htm

    • robocall@lemmy.world
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      1 month ago

      I don’t understand why anyone would select travel miles/points when cash can be spent on anything and doesn’t expire.

      • Whirling_Ashandarei@lemmy.world
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        1 month ago

        Well usually it’s because the rewards when in points are usually a much better return than 1:1 or 2:1, which seems to be the best you’ll get for cash back in most cases. Obviously, you can do more to get 3:1 or even 5:1 with cash but at that point you’re jumping through almost as many hoops.

        I tend to do cash back, but after learning about how to best take advantage of points through a couple of well known experts, I’m eyeing a travel card because I travel a lot both for work and personally, so points are a good idea for me.

        That’s not even to get into the concept of churning, which I don’t do and wouldn’t recommend if only for how annoying it seems to keep up with, but I’ve seen some pretty crazy points exploits by friends. When they started to explain the steps to get there though it sounds exhausting and I wonder if any of them still do it.

        • robocall@lemmy.world
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          30 days ago

          Years ago, I was on Reddit wanting to learn about making homemade butter, and found r/churning, which was all about maximizing the benefits of credit cards and switching credit cards to game them. It had a bit of a wallstreetbets vibe to it but more serious.

  • minorkeys@lemmy.world
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    1 month ago

    The US, like all governments, can simply create money. Unlike most commodities, modern currencies are gated only by the choice to do so. Just change the number in the computer. Trump can simply choose to create money and give it to himself. That’s what he wants, which is why he’s hounding the fed to reduce rates, so he can create more money. Then he just gives it to himself and his allies through some obvious scheme or direct it to his efforts, despite no congressional approval of the funds purpose. The massive increase in expenditures of the US government is just Trump printing money to give himself and his allies. It’s insane to give someone like Trump control of a system whose only real barrier is a choice.

  • Gammelfisch@lemmy.world
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    1 month ago

    The Rothschild family and banks are delighted with the shit situation. They have the USA by the balls.

    • CADmonkey@lemmy.world
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      29 days ago

      “Americans, why haven’t you built a parallel system that can take on the strongest military in the world yet? It’s been over a year.”

      Edit: see what I mean?

      • UnderpantsWeevil@lemmy.world
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        1 month ago

        It’s been over 60

        But also, we keep paying one half of America to kill the other half. That’s got a stabilizing effect

      • Jhex@lemmy.world
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        30 days ago

        So maybe if you could not be responsible with it, you should have never had it.

        Isn’t that one of the excuses you use to keep bombing children around the world?

          • Jhex@lemmy.world
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            29 days ago

            You can’t pretend you are up against your own military when you have literally done nothing yet

            But no worries, you take this lazy stand because you couldn’t care less about the harm caused abroad as long as you can keep sipping your latte… but the USA is already falling off the cliff, you just prefer to keep your head in the sand a long as possible

      • Jhex@lemmy.world
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        30 days ago

        Not as easy as <checks notes> marching on weekends to ensure minimum disruption while your country massacres school girls under the command of a pedophile… but certainly non of this if your concern

  • BlackLaZoR@lemmy.world
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    1 month ago

    They have a plan: They’ll borrow money to pay the debts and to spend on top of that.

    Literally infinite money glitch