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Ukraine Conflict

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Jul 1, 2023
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AND, when you're $32t in debt you just cant pretend you're not broke anymore
Would Elon Musk be broke if he took out a 100M dollar mortgage?

Sure, it seems like a lot of debt to the layperson but that doesn’t mean he would be broke. The same applies to The US with our debt.
 
Joined
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Messages
2,775
Would Elon Musk be broke if he took out a 100M dollar mortgage?

Sure, it seems like a lot of debt to the layperson but that doesn’t mean he would be broke. The same applies to The US with our debt.
no.

when you can print fake money, loan it out, and charge interest on the fake money, there is no limit.

Problem happens when everyone calls your bluff, and cashes their chips in. Whne you spend more than you make, you are eventually fucked.

Your analogy of musk is wrong.

US GDP 24 Trillion, debt 34 trillion

Musk, 100mil /200 bill
big difference

Dont bother arguing because if you refute any of this above you are proving yourself to be an idiot......further
 
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Messages
4,814
no.

when you can print fake money, loan it out, and charge interest on the fake money, there is no limit.

Problem happens when everyone calls your bluff, and cashes their chips in. Whne you spend more than you make, you are eventually fucked.

Your analogy of musk is wrong.

US GDP 24 Trillion, debt 34 trillion

Musk, 100mil /200 bill
big difference

Dont bother arguing because if you refute any of this above you are proving yourself to be an idiot......further
You said it yourself, “there is no limit”.

I appreciate you acknowledging that I was correct in my assessment.

Sure, a better analogy might have been to ask if someone making 100k a year afford a 150k house but the point still stands.
 
Joined
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Messages
2,775
You said it yourself, “there is no limit”.

I appreciate you acknowledging that I was correct in my assessment.

Sure, a better analogy might have been to ask if someone making 100k a year afford a 150k house but the point still stands.
No your point is dead. if you spend more than you make, you are fucked. USA spends more than they make..............therefore your point makes no sense.

You are an idiot.
 
Joined
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Messages
4,814
No your point is dead. if you spend more than you make, you are fucked. USA spends more than they make..............therefore your point makes no sense.

You are an idiot.
That’s not how that works sport.

Being fucked is not being able to pay your bills. As long as The US can print money then that will never happen.
 
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Jul 1, 2023
Messages
4,814
For those ignorant asses who stress about or think The US debt is in any way an issue:

The former Fed chair, regarded by many as the country’s most experienced economic policymaker, shows little concern when reflecting on government spending. “That is not something to feel we’re in a catastrophic situation,” she told Bloomberg News in a May 13 interview.

&

One reason she’s sanguine is that Yellen is among a number of prominent economists to embrace an alternative method for measuring the sustainability of the nation’s debt. Instead of looking at the pile of outstanding bonds as a share of the economy’s output, she prefers the ratio of interest payments—crucially, after adjustment for inflation—to GDP.

In other words, take the amount of money the government spends on interest payments in a given year, divide by the size of the economy, then subtract inflation. The lower the outcome, the better.

With all the caveats that public finances and household budgets are fundamentally different things, the logic is similar to assessing the affordability of a mortgage. What matters most isn’t necessarily the amount borrowed, but how much a homeowner has to pay each month or year compared with their income over the same period.


 

hmt5000

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Founder
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7,237
Well it sounds like Russia is mounting a real counteroffensive. They gained 2 miles in a couple days on one front and have pushed back the UKr army from gains they made earlier this month in several other spots. Rumor of 100,000 soldiers and 900 tanks coming from Russia to act as backup for this offensive. This would give Rus numerical superiority to go with firepower superiority. Some analyst are saying it wouldn't be out of the realm of possibility that Ukr collapses in Aug.

You can only take so many losses before you lose combat effectiveness and it looks like Ukr has lost that on most fronts.
 
Joined
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Messages
4,814
Well it sounds like Russia is mounting a real counteroffensive. They gained 2 miles in a couple days on one front and have pushed back the UKr army from gains they made earlier this month in several other spots. Rumor of 100,000 soldiers and 900 tanks coming from Russia to act as backup for this offensive. This would give Rus numerical superiority to go with firepower superiority. Some analyst are saying it wouldn't be out of the realm of possibility that Ukr collapses in Aug.

You can only take so many losses before you lose combat effectiveness and it looks like Ukr has lost that on most fronts.
Well if this is what the Russians are claiming then we should expect a large breakthrough for the Ukrainians soon. A large Ukrainian breakthrough would match with the accurate reports of Russian ineffectiveness across all fronts.
 

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