• Steve@communick.news
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    1 day ago

    I’m absolutely going to trust a site making money shilling for gold and silver, on the solvency of a government controlling the world’s reserve fiat currency. There’s no way they’d lie about that to help their own interests.

  • luokaton@lemmy.zip
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    23 hours ago

    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”?

    • macniel@feddit.org
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      1 day ago

      and yet a country has to pay back debt (hi greece) and when they can’t they are bankrupt.

      • village604@adultswim.fan
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        1 day ago

        The USD is a fiat currency. They can just print more to pay back the debt.

        It would cause inflation, but they can’t go bankrupt.

        • macniel@feddit.org
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          23 hours ago

          sure its fiat currency, but other countries don’t have to accept it when its less worth than the paper the money was printed on.

        • Archangel1313@lemmy.ca
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          1 day ago

          The amount of money they would need to print in order to pay it back, would cause the kind of inflation that bankrupts a country.

    • marcos@lemmy.world
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      1 day ago

      Bankruptcy is a legal term, whatever the law says that can be bankrupt can in practice be bankrupt.

    • trxxruraxvr@lemmy.world
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      1 day ago

      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.

      • marcos@lemmy.world
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        1 day ago

        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.

        • trxxruraxvr@lemmy.world
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          1 day ago

          What countries do is not the same though. At least in the Netherlands when a company files for bankruptcy the judge will appoint someone to sell all the companies assets and try to pay back the debtors.

  • AmbientDread@piefed.social
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    1 day ago

    Cash flow insolvent. Morally bankrupt. We can print more cash, but morals can’t be printed. Morality must be lived.

  • snoons@lemmy.ca
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    1 day ago

    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