Comments by "Piccalilli Pit" (@piccalillipit9211) on "US national debt passes $30 trillion | DW News" video.

  1. AS A EUROPEAN I love the national awakening in the USA that there really IS more to life than work, work, work, WORK, WORK
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  2.  @34ofaninchofbrain80  I'm an author on the collapse of civilisations living in Europe - This is the list of contributing factors to societal collapse: Plague / disease Y Environmental change Y Massive wealth inequality Y Loss of the administrative class Y The government stops governing Y Attack from the outside - now includes cyber attack Y Loss of faith in the political system Y Economic collapse Y Exposed obvious corruption Y Crumbling infrastructure Y Mismanagement of a crisis Y Societal division Y Loss of belief in the unity of the society Y Restriction of international trade / loss of trade agreements Y Increased isolationism Y Rising internal violence Y Excessive spending on military / arms race Y Inability to maintain the currency - hoarding / devaluation / hyper inflation Y If a majority of things on the list happen to a civilisation simultaneously, it is invariably the end for that civilisation. If all happen at the same time, it's guaranteed to be the end. The USSR collapsed with 9 out of the 18. America scores 18/18. And you have reached "cascading interconnected systems failure" - everything is broken and everything you need to fix it is also broken. The only question left is can you MANAGE the collapse? Will it be like the end of the British Empire - or Yugoslavia 1992 with way more guns.
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  3.  @rvw3022  Wel you are going to get your wish - see my comment above yours. The USA "will" not collapse, it IS collapsing. As the OP comment says the national debt has entered the parabolic uptick of exponential growth and every other part of American society, industry, government, state everything is also on that cusp of exponential collapse. America has entered "cascading systems failure" - everything is broken and everything you need to fix it is broken. You cant control inflation cos you have to put up interest rates - over 50% of the companies on the US stock exchange are "zombie companies" 100% of their profits go to service their debt, and that was at 0.25% or whatever. Corporate debt is stratospheric. All debt is stratospheric cos the nation has been living on debt to cover the utterly broken economy and hide the truth... So how do you control inflation??? And its the same with EVERY problem - you cant fix it cos something else is broken. America is collapsing and it can not be saved - it is a question of managing the collapse. And that is NOT something the American psyche is very good at - cos it requires an admission that it is collaping.
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  4. The national debt is almost meaningless cos they can literally just print money. What is way more problematic is what that national debt has been spent on and that is stocks and housing. Pushing the stock market and housing market to the sky and TOTALLY creating the mother of all bubbles. Both will crash and it will cause devastation - AGAIN.
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  5. THAT $20 TRILLION you spent bombing Afghanistan would come in nicely about now...!!!
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  6. The national debt is almost meaningless cos they can literally just print money. What is way more problematic is what that national debt has been spent on and that is stocks and housing. Pushing the stock market and housing market to the sky and TOTALLY creating the mother of all bubbles. Both will crash and it will cause devastation - AGAIN.
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