Comments by "Jim my" (@chowsquid) on "The US Debt Situation Explained" video.

  1. It’s simply so they can have this fight every year. Just like china’s most favored nation status back in the 2000s. It’s non debatable but it was brought up to debate regardless.
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  2.  @grimaffiliations3671  bingo. This was left out in the video. It’s the combo of all these things. Reserved currency. Debt denominated in your own currency. Have diversified industries. Have exportable natural resources. And having friendly top economies.
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  3. Even with dollar denominated debt, you can still have a debit crisis if you want. You are thinking the congress and executive branch is rational. We could have an irrational congress and executive branch that just refuse to pay the debt and just go golfing…. you guys deal with it.⛳️🏌️
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  4. And 10yrs from now you gonna say….milkspit…..$31Tril??… you made me get off my chair for $31T??
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  5. The US wouldn’t be affected on current debt/bonds. That’s the problem for the debt holder….suckers!!!😂😂 But it would affect future US borrowing…😢 Btw, US also a holder of current US debt.
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  6. That’s a good question that wasn’t addressed. The world needs bonds like US treasuries. If US has no debt, all that money still has to buy something. It could go to japan’s debts or Swiss like it did last time driving up Swiss francs or….corp debt🤷‍♀️
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  7. Depends on who is president and the treasury secretary
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