>US national debt topped $30 trillion for the first time in history last month, spurred on by high borrowing during the Covid-19 pandemic, according to data from the Treasury Department. However, Jim Rogers, legendary investor and co-founder of the Quantum Fund alongside George Soros, says the actual debt amount is likely to be much higher than Washington admits.
>That is just what they admit. It is the on-balance sheet debt, but there’s dozens of trillions more debt off-balance sheet,” Rogers said, in a note to RT. The actual debt volume is difficult to calculate, especially since the start of the Covid-19 pandemic and all the pressures it brought about. Still, the investor “once figured it out as over $200 trillion,” nearly seven times more than the officially recognized sum.
>“The endgame is to keep hoping because they hope it will be someone else’s problem someday. It is not a good time to be a young American,” he stressed.
>It is not a good time to be a young American
In your opinion, what awaits the USA in the next 20 years? More prosperity, or collapse?
US national debt topped $30 trillion for the first time in history last month...
>what awaits the USA in the next 20 years?
chink women will domitane all their men into submission
These Austrian economics people have been predicting a collapse for the last 100 years
We'll be fine.
My biggest worry is the republicans. They suck at economics.
Their real debt is 220 trillion dollars
>Soros
>Austrian economics
C'mon man
>In your opinion, what awaits the USA in the next 20 years?
Civil War 2.0: Electric Boogaloo
>Rogers does not consider himself a member of any school of economic thought, but has acknowledged that his views best fit the label of the Austrian School of economics.
>t. Mullah
>t. Referencing RT
Everywhere is inflating their currency to a massive rate amd traditionally frugal countries like Germany and Canada are now going into massive debt themselves.
Your country has a higher debt to gdp than the US you fucking idiot
America is slowly turning into a Mexico/Brazil, only more populous and slightly less brown, though this will be a gradual process that takes more than 20 years and may or may not involve alterations in administrative or national borders.
Canada is the USA of the future. You can quote me on this.
Damn that’s hot bro
The collapse of the USA will take generations and none of us will live to see the day that America is a depopulated wasteland that looks like Reno from Fallout 2.
Canada is becoming browner faster than the US you fucking idiot but with them it’s Indians and Chinese instead of Mexicans. Also Canada’s economic problems are basically worse other than their tidal debt load.
Well you see civilizational collapse takes a long time
For example Europe is declining, has been since WW1. It's taken 100 years to get here and there will be centuries more of slow decline.
The US is due for a crisis that could trigger decline but europe is due for death at this point
The US will be the last prosperous country in North America
>Europe is declining, has been since WW1
Everyone in europe is richer, healthier and living more comfortably than they were back then. In what possible way can you back that up?
What in fuck's name are they doing in Canada?
lol why are these daily threads always about us?
also, many countries owe us money