Message from @franti

Discord ID: 459713459303481355


2018-06-22 13:29:31 UTC  

Basically they spent 1.645 trillion more dollars than they raked in with tax receipts

2018-06-22 13:29:53 UTC  

@King Canuck Here's the Canadian equivalent http://www.debtclock.ca/

2018-06-22 13:30:10 UTC  

@RMS_Gigantic Do you have one for the EU?

2018-06-22 13:30:19 UTC  

The whole EU?

2018-06-22 13:30:24 UTC  

No

2018-06-22 13:30:31 UTC  

Specific states in it

2018-06-22 13:30:43 UTC  

Like France UK Germany

2018-06-22 13:30:58 UTC  
2018-06-22 13:31:24 UTC  

@King Canuck Also remember that a big part of why our debt is so large is social security and medicare/medcaid

2018-06-22 13:31:45 UTC  

Dat Estonia

2018-06-22 13:32:20 UTC  

The nice thing about the US is how little of our debt is owed to anyone else

2018-06-22 13:32:27 UTC  

Most of our debt is owed to ourselves

2018-06-22 13:32:52 UTC  

And as the dominant economy in the world, we're our own main debt collector

2018-06-22 13:33:02 UTC  

What's anyone else gonna do, fight us?

2018-06-22 13:35:33 UTC  

https://cdn.discordapp.com/attachments/372507611284766722/459713053861216279/debt_holders.png

2018-06-22 13:36:50 UTC  

```Chinese lenders snap up so much of the U.S. debt for one basic economic reason: protecting its “dollar-pegged” yuan.

Ever since the establishment of the Bretton Woods System in 1944, the value of China’s currency, the yuan, has been connected or “pegged” to the value of the U.S. dollar. This helps China hold down the cost of its exported goods, which tends to make China, like any nation, a stronger performer in international trade.

With the U.S. dollar considered one of the safest and most stable currencies in the world, dollar-pegging helps the Chinese government maintain the stability and value of the yuan. In May 2018, one Chinese yuan was worth about $0.16 U.S. dollar. ```

2018-06-22 13:37:09 UTC  

https://cdn.discordapp.com/attachments/372507611284766722/459713459303481354/Screenshot_546.png

2018-06-22 13:37:24 UTC  

Update on Slovak pooling

2018-06-22 13:37:29 UTC  

8% goes to Chjina

2018-06-22 13:37:40 UTC  

The Federal Reserve has 11.3%

2018-06-22 13:37:54 UTC  

the social security trust fund has 19%

2018-06-22 13:38:40 UTC  

That last item or two is intra-governmental debt

2018-06-22 13:38:47 UTC  

That poll *seems* quite different from the last one I saw

2018-06-22 13:38:54 UTC  

debt that the US owes itself

2018-06-22 13:38:56 UTC  

But I could be forgetting the names of the parties again

2018-06-22 13:39:31 UTC  

The extremist have overtaken the nationalists @Reaps

2018-06-22 13:40:52 UTC  

you're lucky I bothered to open that instead of going "that image is fucked" 🤣

2018-06-22 13:46:56 UTC  

@RMS_Gigantic Didn’t you say the one in the oval office was refurbished in the 50’s?

2018-06-22 13:47:06 UTC  

I'd love to owe debt to myself <:think_woke:378717098681171988>

2018-06-22 13:47:08 UTC  

Aye, but I found an even more interesting case

2018-06-22 13:48:12 UTC  

Here's how the House chamber looked from at least the 1890's, if not earlier, through WWII: http://historycms.house.gov/assets/15032390670.jpeg

2018-06-22 13:48:34 UTC  

oh

2018-06-22 13:48:42 UTC  

well then congress

2018-06-22 13:48:57 UTC  

The room was decorated in a Victorian style

2018-06-22 13:49:03 UTC  

notice the different style of fasces