I tried google but it's still confusing. So here goes.

How does the United states of america owe $19 trillion dollars in debt? This chart shows that america owes Americans billions of dollar, but how is that possible? Does the government borrow money from its citizenz to fund their budget? What kind of system is this?
Is it advantagoues?

Also more importantly, can't the USA just print new mints (say $400billion everyyear) to pay it's debt?

Abeg economist in the house, HELP!!!

Funny!

What a country owes is largely dependent on the value of her GDP (what she produces) compared to her consumption. If she consumes more than she produces, it will be deficit which means it will borrow to balance the books.

If America could print dollars as it needs and wishes, the currency will lose value as it will have negated one of the characteristics of money, which is "relative scarcity". If you could print your own naira, will the N1000 in your pocket mean anything to you anymore?

SillyMods:
Funny!

Which part and how is it funny?

IamEntropy:


Which part and how is it funny?

I've tried to help you. Read my post again.

The traditionally cited sum of $19 trillion is not even close to the real figure. It does NOT include the other unfunded liabilities and fiscal exposures of the government (civilian and military pensions, underfunding of social security and healthcare, etc...). Adding those in, the debt is close to $70 trillion, and it grows rapidly with each passing year. People should pay closer attention to the detailed CG reports.

As it currently stands, debt to income ration, it is mathematically impossible to repay these debts. The country has been insolvent for many years. The numbers are hacked up and falsely presented to the public to prevent panic, bank runs, and the like. Economic implosion is inevitable, provided a global war doesn't render that problem irrelevant.

Also, Most of it is borrowing from ourselves, in a roundabout way. But try not to think about it.

I mean that literally. The US entire financial and political system centers around a few "black boxes" where money and power come from. The system only works until someone looks in the box. That's what happened in 2008 with the subprime mortgage crisis; someone actually tried to do the math and figure out what the bundles of debt were worth.

The fraction of the debt that belongs to other countries like China is not even safe to examine. Everything is still petrodollars at the end of the day. But don't think about what happens when oil goes off the dollar.

This is, of course, a consequence of the banks (every conspiracy theory about Jews is true, except it's bankers, and no Jews except insofar as they make up a disproportionate amount of all bankers).

Like I said, just try not to think about it.

SillyMods:
Funny!

What a country owes is largely dependent on the value of her GDP (what she produces) compared to her consumption. If she consumes more than she produces, it will be deficit which means it will borrow to balance the books.

If America could print dollars as it needs and wishes, the currency will lose value as it will have negated one of the characteristics of money, which is "relative scarcity". If you could print your own naira, will the N1000 in your pocket mean anything to you anymore?

Then why do they borrow from thenselfs to balance the book?
How could this deficit accumulate to $19trillion?

Also thank you mynd44 for moving my question to a place with no traffic
There by ensuring that i never get answer to this question. Goodjob

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Its all the jews man. The jews control everything man