Thread 512095024

If every country is in debt, who do they owe the money to?
What happens if they don't pay?

>>512095024 (OP)
Anon...

The private banks which they borrowed the money from.

They print more money to make up for it, causing inflation.

>>512095024 (OP)
>who do they owe the money to?
The investors who let them borrow the money
>What happens if they don't pay?
They default

>>512095024 (OP)
Honestly, nothing happens. If the USA said fuck off and canceled all debt there would be zero reprecussi0on, the only reason we don't is because we have brain worms in every single politician called israel.

>>512095286
>If the USA said fuck off and canceled all debt there would be zero reprecussi0on
You phoneposting niggercattle are so fantastically retarded that I hope Trump does exactly this at the end of his presidency so you can see how little repercussions there would be.

>>512095286
>If the USA said fuck off and canceled all debt there would be zero reprecussi0on,

>>512095286
you're an idiot. i own a bunch of US government bonds. so do the vast majority of responsible people who have saved for retirement.
>>512095024 (OP)
gay idiot pajeet OP, you can literally just type these moronic questions into google and it will tell you the breakdown of who owns each country's debt. its basically always mostly the citizens of the country itself. then governments and citizens of its top trade partners. if you dont pay, you default and it ruins your economy because no one will loan you money anymore, and the IMF steps in and probably confiscates your stuff to pay creditors and seizes your assets in the international monetary system. so the better option is usually to print a bunch of currency, but that causes inflation and also pisses off borrowers, who then dont want to give you any more loans.

>>512095024 (OP)
Themselves. The printer runs out of ink.

>>512095646
>own a bunch of US government bonds.
Hahahaha! That's really dumb boomer.

It's just legitimizing debasement of currency, the pipe dream of paying it off keeps people from coming to terms with how utterly fake fiat currency is.

>>512095024 (OP)
Currency and debt annihilate each other. If the debt is paid, the economy deflates and we can't have that.

>>512095556
>>512095646
>>512095520
What would anyone do? We can grow all the food we need, we can manufacture all we need, and we can adapt. I say fuck off.

>>512095024 (OP)
The secret is if your military is strong enough, you actually owe no debt.

Countries are not in debt.
Some governments are in debt, towards various institutions in which private individuals have their savings.

>>512095286
>If the USA said fuck off and canceled all debt there would be zero reprecussi0on

It would wipe out a significant share of American citizens savings and completely destroy the US dollar, it would utterly wreck your economy.

>>512095024 (OP)
I'm so tired of maintaining ledgers for you fucking morons

>>512095024 (OP)
banks only have 1% of their money in cash.

a) the bank, aka, international finaciers
b) unleash a neighbouring army on you

>>512095024 (OP)
double entry bookkeeping
the government's debt is the private sectors asset. this is, literally, how it works.

look at the stonk market line going up and super impose it over the debt line going up

>>512095024 (OP)

Nothing. Not paying is my country's national past time. We have defaulted like 10 times.

Nobody gives a shit, they still lend us tens of billions. Nobody here understands why.