• MrSulu@lemmy.ml
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    12 days ago

    Overseen by man with significant history of refusing to repay loans.

    • explodicle@sh.itjust.works
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      11 days ago

      Even years ago, you could tell how honest the Tea Party people were by asking if they’d defund the police or military.

  • Smoogs@lemmy.world
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    11 days ago

    so rather than just pay a tax like a socialist country would up front, US is now only just surviving on tariffing …which is paid … by their own people ….as a tax. On top of whatever tax you already pay ……while digging more deficits.

    • zebidiah@lemmy.ca
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      11 days ago

      all while essential services dry up and wither at every level of government…

  • discocactus@lemmy.world
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    12 days ago

    Just for the sake of argument: It’s possible to create gasoline from any hydrocarbon feedstock (wood, cow shit, OSB scraps, rice hulls, sugar) for about $12/gallon. At 42 gallons of gas/jet fuel/diesel/kerosene per barrel of oil, that’s roughly $504 of finished product per barrel (@ $12/gal).

    That means $50 billion would get you about 100 million barrels of synthesized oil. Since the US consumes about 20,000,000 barrels of oil per day we’d be able to synthesize 5/7ths of our oil consumption from waste biomass for that $50 billion per week. Food for thought.

  • HugeNerd@lemmy.ca
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    12 days ago

    A billion here, a billion there, pretty soon you’re talking real money.

  • technocrit@lemmy.dbzer0.com
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    11 days ago

    Uggg this old trope.

    It’s not really “borrowing” when they print the money.

    It’s just another wealth transfer from the poor to the extremely privileged.

  • Reygle@lemmy.world
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    11 days ago

    As a solitary meat popsicle with limited understanding of fucked up shit, at what “level” of fucked up shit is the US finally and officially “perma-fucked”?
    Every time my meat popsicle brain thinks “That’s probably the last straw” they find thousands more straws somewhere AND I DON’T GET IT.

    • TeddE@lemmy.world
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      11 days ago

      That was back at the moment when Trump threw around enough tariffs to make countries with longstanding enmity sign direct trade deals with each other, cutting us out as the middleman. Those will never, ever come back (they were mostly forged in the wake of WWII, when the US had the only functional economy)

      As for when we’ll see it? I think we have a “oh shit” world stage moment if the US tries to attack Greenland, as Denmark will then have to defend - and then by chain of treaties WWIII kicks off.

      If we avoid that fate somehow, then there probably won’t be a specific moment - the US will over twenty or so years just slowly collapse in on itself and other countries will quietly start ignoring US while publicly paying lip service. … - There will probably be an event when we publicly can’t afford the giant military we have which will be an existential crisis for a news cycle.

      That’s my attempt to read the tea leaves in the crystal ball.

  • Sam_Bass@lemmy.world
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    11 days ago

    Bigger shock is that somebody loaned him anything since his bankruptcies have been public knowledge for decades

    • TronBronson@lemmy.world
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      11 days ago

      It’s the federal reserve loaning the government money, there’s no way they’re paying for all this in bond auctions.

        • TronBronson@lemmy.world
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          11 days ago

          I mean ya he’s handing himself money and handing your grandchildren debt. They’ve been doing this around the clock since 2008. The government only exists to help billionaires steal your hard earned money.

            • TronBronson@lemmy.world
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              11 days ago

              None of us are which is funny as fuck, but one of us will be the last generation of old farts with no kids to take care of us.

              • P1k1e@lemmy.world
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                11 days ago

                It’s certainly on my mind. I figure, I’ll keep going as long as my wife’s alive, she’s worth the struggle. Once she’s gone, it may be time for a revolving cylinder style exit

                • TronBronson@lemmy.world
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                  10 days ago

                  Oh there’s always another bright moment to look forward too. I’m sorry to hear about your wife, cherish the time you have.

                  -a depressed guy with a stick in his eye

    • CADmonkey@lemmy.world
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      11 days ago

      “Americans, why haven’t you built a parallel system that can take on the strongest military in the world yet? It’s been over a year.”

      Edit: see what I mean?

      • UnderpantsWeevil@lemmy.world
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        12 days ago

        It’s been over 60

        But also, we keep paying one half of America to kill the other half. That’s got a stabilizing effect

      • Jhex@lemmy.world
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        11 days ago

        So maybe if you could not be responsible with it, you should have never had it.

        Isn’t that one of the excuses you use to keep bombing children around the world?

          • Jhex@lemmy.world
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            11 days ago

            You can’t pretend you are up against your own military when you have literally done nothing yet

            But no worries, you take this lazy stand because you couldn’t care less about the harm caused abroad as long as you can keep sipping your latte… but the USA is already falling off the cliff, you just prefer to keep your head in the sand a long as possible

      • Jhex@lemmy.world
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        11 days ago

        Not as easy as <checks notes> marching on weekends to ensure minimum disruption while your country massacres school girls under the command of a pedophile… but certainly non of this if your concern

  • Absurdly Stupid @lemmy.world
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    12 days ago

    Trump has never paid his bills a day in his life.

    He fucked over his own chauffeur, and thousands of his contractors and employees. He’s declared bankruptcy something like eight times, leaving investors with nothing. He’s gone to court over a thousand times; no other real estate developer has these problems. Interestingly, his mentor was Roy Cohn, who had the same issue of skipping bills (coincidentally I am sure).

    So, long story short for libbies, Trump will buy a company named “American Fury MAGA USA Friends” and transfer all the country’s debt to it, and THEN that company will declare a new feature he’s devised, called “Supreme Bankruptcy” which cannot be overturned by the Supreme Court because it’s Supreme, too.

    Problem solved, in your face commies

    Related to this problem, our entire country’s financial system is based on debt; we don’t even control our own money. The FED is controlled by select appointed bankers, who practically all work for banks or are on the boards of banks and investment firms before and after their appointed terms.

    The dollar is worth less every year for a reason, it’s called profiteering. It’s designed to collapse; with each collapse these same interests buy everything once prices are tanked. Then, they start the process again. Every year it gets exponentially worse because math is mean.

    They don’t even hide it.

    https://www.federalreserve.gov/aboutthefed/fedexplained/who-we-are.htm

  • zebidiah@lemmy.ca
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    11 days ago

    i’m starting to worry if lisa will actually be able to fix all this after he’s gone… i do not have much confidence in secretary millhouse