But of course what I’m actually doing is showing that posting pure statistical data, and then using it to make strong unsourced unattributed assertions, is very silly. If you have something to say, say it and post proof for it. A screenshot of number going up is meaningless.
Except it’s not numbers going up, it’s statistical data about the US debt, such as the titled implied. In neoliberal right wing governments such as the one in the US, the way they fight this kind of scenarios is austerity policies such as not raising wages as inflation goes up, the lowering of the living standards of the working class, and so on, instead of making the actual culprits pay the price.
This and the current trend of dedolarisation, plus the recent failure of China buying US debt, and a lot of other factors could indicate some bad times for the US economy.
I think it would have been more useful if you would have asked about the consequences of unsustainable debt or some other thing related to economy, since none of us are experts probably, were we could have created a meaningful debate, rather than acting arrogantly. The title says what the body shows, what you can get from that data depends on your field of study, but statistical data is not useless numbers going up, even in something like Cookie Clicker mean things that can be interpreted.
The only silly thing here is claiming that the huge amount of debt increase is not indicative of anything. I recommend reading up on what this has meant historically to understand what to expect going forward.
That’s because the dollar is declining as the world reserve currency as a result of the US declining as the hegemon .
The debt will only become relevant after the petrodollar is dead and after countries stop pegging their own currency to the dollar and after SWIFT becomes irrelevant and all the other things that prop up the dollar, and we’ve already long passed the point where the debt could be reduced enough to save the dollar after it loses its status. The high global demand for dollars meant the debt was irrelevant, but now that demand is on the decline the dollar is fucked and it can not be saved.
So?
So, Americans can expect more austerity policies, and higher interest rates.
In what sense does that follow from what you posted? Did you mean to post a different article?
I see you don’t understand the implications of national debt.
I do; do you?
But of course what I’m actually doing is showing that posting pure statistical data, and then using it to make strong unsourced unattributed assertions, is very silly. If you have something to say, say it and post proof for it. A screenshot of number going up is meaningless.
Except it’s not numbers going up, it’s statistical data about the US debt, such as the titled implied. In neoliberal right wing governments such as the one in the US, the way they fight this kind of scenarios is austerity policies such as not raising wages as inflation goes up, the lowering of the living standards of the working class, and so on, instead of making the actual culprits pay the price.
This and the current trend of dedolarisation, plus the recent failure of China buying US debt, and a lot of other factors could indicate some bad times for the US economy.
I think it would have been more useful if you would have asked about the consequences of unsustainable debt or some other thing related to economy, since none of us are experts probably, were we could have created a meaningful debate, rather than acting arrogantly. The title says what the body shows, what you can get from that data depends on your field of study, but statistical data is not useless numbers going up, even in something like Cookie Clicker mean things that can be interpreted.
The only silly thing here is claiming that the huge amount of debt increase is not indicative of anything. I recommend reading up on what this has meant historically to understand what to expect going forward.
Why not post that, instead of posting screenshots of numbers and claiming it means whatever you want it to?
Because this is a world news community as opposed to historical literacy community.
In what sense is a screenshot with scribbles on it “world news?”
That’s because the dollar is declining as the world reserve currency as a result of the US declining as the hegemon .
The debt will only become relevant after the petrodollar is dead and after countries stop pegging their own currency to the dollar and after SWIFT becomes irrelevant and all the other things that prop up the dollar, and we’ve already long passed the point where the debt could be reduced enough to save the dollar after it loses its status. The high global demand for dollars meant the debt was irrelevant, but now that demand is on the decline the dollar is fucked and it can not be saved.
Exactly, US has been able to finance its debt at the expense of the rest of the world up to now, and those days are quickly coming to an end.