I've been reading in various places that US National debt is increasing at unprecedented levels. I don't know much about finance and global economics. How do you think this is going to pan out? What should the layperson (US & non-US residents) do to safeguard against it?
How will the US debt situation play out?
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Re: How will the US debt situation play out?
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Re: How will the US debt situation play out?
#3Re: How will the US debt situation play out?
#4https://en.wikipedia.org/wiki/Hyperinflation
Can you explain why the U.S. will experience hyperinflation while other countries that have much higher debt to gdp ratios haven’t experienced hyperinflation? When will the U.S. experience this hyperinflation? I’ve heard this prediction for the last 40 years. How much longer must I wait to experience it?
If you are absolutely certain that hyperinflation will occur then you should borrow as much money as possible and use it to buy assets such as land and housing.
Re: How will the US debt situation play out?
#5https://en.wikipedia.org/wiki/Hyperinflation
Can you explain why the U.S. will experience hyperinflation while other countries that have much higher debt to gdp ratios haven’t experienced hyperinflation? When will the U.S. experience this hyperinflation? I’ve heard this prediction for the last 40 years. How much longer must I wait to experience it? If you are absolutely certain that hyperinflation will occur then you should borrow as much money as possible and…
I don't own a crystal ball, but Brent Johnson's "Dollar Milkshake" feels like a reasonable take on this.
Re: How will the US debt situation play out?
#6Earlier quoted context omitted.
Can you explain why the U.S. will experience hyperinflation while other countries that have much higher debt to gdp ratios haven’t experienced hyperinflation? When will the U.S. experience this hyperinflation? I’ve heard this prediction for the last 40 years. How much longer must I wait to experience it? If you are absolutely certain that hyperinflation will occur then you should borrow as much money as possible and…
I don't own a crystal ball, but Brent Johnson's "Dollar Milkshake" feels like a reasonable take on this. https://www.youtube.com/watch?v=da6hMy5sp1M
It’s easy to make such a convincing video. Convincing to those with no expertise in the subject. But in 5 years when it hasn’t come to fruition will you remember how wrong he (and by extension you) are? Another conman will take his place and come up with a nice sounding theory that also boils down to: gold!
Re: How will the US debt situation play out?
#7Slightly above ‘average’ inflation-levels, compounded over time, creating an intrinsic tax on wealth and inflating away the debt-to-gdp ratio so it remains roughly the same or near-same levels. Combine that with an increase in retirement age, a reduction in retirement benefits, and an increase on social-security tax incrementally over the next decade. Gen Z will perhaps be the first with a retirement age of 69 (nice).
Re: How will the US debt situation play out?
#8https://en.wikipedia.org/wiki/Hyperinflation
I've heard the US has been due for immediate hyperinflation since the early 2000s.
Re: How will the US debt situation play out?
#9Earlier quoted context omitted.
I don't own a crystal ball, but Brent Johnson's "Dollar Milkshake" feels like a reasonable take on this. https://www.youtube.com/watch?v=da6hMy5sp1M
It’s easy to make such a convincing video. Convincing to those with no expertise in the subject. But in 5 years when it hasn’t come to fruition will you remember how wrong he (and by extension you) are? Another conman will take his place and come up with a nice sounding theory that also boils down to: gold!
There have been videos like this one by different people every other year to. This is just the latest one saying the same thing.
Re: How will the US debt situation play out?
#10https://en.wikipedia.org/wiki/Hyperinflation
I've heard the US has been due for immediate hyperinflation since the early 2000s.
I must be older. I've been hearing it since the 1970s.
(Note well: I do not believe that the level of US government debt is benign. I don't think it is. But existence of this level of debt, even if it's growing, does not necessarily mean that hyperinflation is just around the corner. It makes it more possible, but it is very far from a certainty.)