Comments by "serafina costa" (@serafinacosta7118) on "America’s Looming Debt Spiral" video.

  1.  @jebbo-c1l  the US economy is underpined on consumer spending, at a 70% clip. Out of its total productive output ,only 10% of it is through exports. And out of those exports , most are royalties and intellectual property transfers. Meanwhile , Germany, Italy , Japan, Korea, Central Europe , Malasya , Portugal, Spain , France, Vietnam , China economies derive most of their economic output to durable goods exports. Brazil , Argentina , Chile, Colombia , Greece, Russia , Ukraine , cash out in commodities exports.
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  2. Nations can sneak past the US and tradevoj barter settling on the US dollar while it holds any semblance of value. It has been done before. Brazil , back in late 70’s to early 80’s bought 80% of its crude on the open market . The Brazilian government then brokered a deal with Iraq , where they sent VW made vehicles ( Passat sedans ) plus frozen poultry in exchange to Iraqis crude. Volkswagen even webtbas far as assembling a special edition model for the deal . Later, some construction contractors joined the fold by building roads , sewer treatment plants. They sent in their engineers , shipped materiais. Everyone got paid. .
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  3. Go tell that to the Brits. The Sterling Pound was the reserve currency up until the 50’s.
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  4. Can you spare some of it to this down on its luck American ?
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  5. Someone else is running a tab under your name. That is all there is to.
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  6. Go tell that to Russians and Turks. They unloaded their US debt holdings, way before the war broke. BRICs might be a pipe dream against the US dollar hegemony , but it sets a bad precedent against trading on the dollar. Like a spark that ignites the fire. I would not be so magnanimous about the “ let others finance our profligate spending “.
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  7. Some analyst or appraiser you are huh ?
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  8. The run of the mill Japanese paycheck earner kicks in proportionally more than their fair share on hoarding Japanese Government Debt. More than Americans can accomplish.
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  9. And taking their money abroad.
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  10. There are more lunatics on the streets. They can’t be sheltered on hospices because there is no funding for them. Union organizing is in the rise. Over nine million Americans are permanently living abroad. And 750,000 alone in Mexico. The sheer majority , retirees. Runaway inflation. You better quit drinking koolaid.
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  11. Try telling the friendly folks at the Industrial military complex and their lackeys . The same ones who plotted JFK assassination and sandbagged Jimmy Carter.
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  12. Debt default does not only downgrades credit rating , therefore increasing interest rates for future bond issuances. Which would land the US to Argentina’s Status. A perennial Stiffo. It also cheats your own retirees from the buying power of their pensions and medical benefits. The entire sum of accumulated payroll deductions over an entire adult’s working life is sunk into US denominated debt , all in bonds , notes. Maybe you ought to make plans to have dad and mom ( or worse , your in laws ) to live with you. If you can afford to mortgage yourself .
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  13. Your ledger is from 1930.
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  14. That used to be the case after FDR up until Jimmy Carter. Trends got reversed since Reagan to scale down compulsory tax payments from the “donnor class “. Democrats and Republicans dialing from the same dollar has been coined by Ralph Nader since he went on campaign. That and the help from Tax Attorneys reversed what billionaires paid in taxes since the early 80’s.
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  15. Try to break your sentence into spaced paragraphs if you want to be read.
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  16. Well put , grasshopper. Please do not share your wisdom to bondholders , won’t you ?
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  17.  @siarnaqfrost4968  Housing is a HUD program , therefore federally funded before it hits local state sponsored housing authorities. Food Stamps through the department of agriculture. Transportation and Education were left out of your list.
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  18. The US Federwl Government is the only country that taxes its citizens abroad. So US based Charities and donations have become institutionalized tax shelters for their children.
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  19. Biggest buyers of Japanese denominated government debt are Japanese citizens. And they buy a lot of it. They have more faith into their system than Americans ever will have.
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  20. The Brazilian Government tried this tactic against the IMF lender consortium way back in the early 80’s. Or at least hinted though, heavily influenced by left leaning leaderships . They never executed it. At the time it was USD $100 billion . Successive administrations kept making payments. Bad idea.
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  21. Oh and by the way.. that is what Bolivian leaders kept on doing through the 80’s and 90’s. They changed presidents as often as I change my filthy briefs. Generals after Generals. All way up to Evo Morales. You are clueless on world affairs. You must’ve skipped history classes , huh ?
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  22. He makes a tidy bank from financial firms paying steep subscription rates on those proprietary terminals. His clients want to trade on US debt , he ressonates. His media empire makes a fraction of his gross income. He is singing the tunes and has a double tongue. That is being a billionaire.
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  23. The Federal Government defaults , the first ones to feel the pinch are US retirees on their Social Security checks …. and Medicare quality of care will hit bottom.
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  24.  @Threshk  Do as the Brazilian emigres do. Rotate beds in the bunker.
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  25.  @vitalys9986  it takes a time lag to catch up.
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  26.  @scottpetty4568  trends take a time lag to catch up between cause and effect. Give it time.
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  27.  @scottpetty4568  they switched alliances and rethoric from pro China to pro America rather quick.
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  28. It does. US consumer spending fuels imports from the world over. There is a reason why Chinese industrialists are setting up plants in Mexico to circumvent duties and join the NAFTA parade.
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  29. The door is left ajar. Let’s us billionaires ransack the house.
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  30. Quoting Ralph Nader ..,, they all dial for the same dollar. Don’t kid yourself. They all grandstand from the same soap box.
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  31. Bad idea showing up. About USD $ 70 billion of it. I would collect your welfare checks quietly if in your shoes.
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  32. The sum of Federal Tax levies collected barely make a dent on US debt interest payments nowadays. The whole Mr Taxpayer sense of entitlement is misleading.
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  33.  @iketheranter9126  sure it does. At the expense of your fellow Americans. No universal health care, for profit diploma mills , privatized correctional facilities , crumbling infra structure , devastated towns , indebted municipalities , runaway drug addiction , Florida Retirees living on dog food , a diluted public education system , war veterans on the limb. Ain’t life great in America ?
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  34. Collected tax barely covers interest payments. All of the rest of budgeted expenditures , short of payroll deductions ( social security and Medicare are self funded and collected deductions are sunk into bonds, notes , and bills ) , are covered by US issued debt. We had in the past gotten out of debt burden, notably post war after Eisenhower , debt used to finance the war effort and later to fund the highway act. And then under Bill Clinton, we had debt ,budget balanced nonetheless . We are not at an abyss of calamity , just yet. The difference was…. We got paid to finance the war through reparations in payments and territorial appropriations ( France ceded Indochina, then Vietnam, to the USA in lieu of payments ), and the Highway build out brought in enourmous dividends. Now, most of the debt was incurred to bankroll wars and class welfare. Little to none was putto work into productive or sunk investment. And once again, Social Security and Medicare are marginally fully funded ( the present value for the next 30 years of disbursements amounts to over USD $110 trillion , including fraud ). All of the accrued money in Government I.O.Us. We can’t afford to default on those debt covenants , or else we are to become an Argentina. The only way to get under this debt load is to cut non self funded government programs, or to allocate funds where it most makes sense and has a pay back structure. And for those claiming the dollar is the reserve currency , so we can print it at will , eith non consequences to bear , well then. British Sterling Pound was once the world reserve currency. It collapsed after WWII, officially after England lost their Suez Canal dispute. BRICs is a fad. The participants track record on continuity, funding, stability , and transparency does not land credo to most of them. The US dollar is still the only currency to cover world payments and trade exchanged. But it is the symbolic act of daring to transgress that makes it threatening to the US dollar hegemony.
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  35. It is like when you try justifying yourself that big pick up truck you just bought at the dealership on financing , when in fact all you needed was a subcompact ( no longer made available through US carmakers ).
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  36. Wasn’t it USD $ 1,2 trillion ?
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  37. Blame it on Nixon. Oh no, Checkers ate the budget projections. Oh well.
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  38. 1. Quoting Ralph Nader … Republican and Democrats dial from the same dollar. 2. You forgot Obama on your list. He broke records on his campaign contributions to run for office. 3. From FDR to Jimmy Carter , the wealthy donnor class contributed to its fair share of taxes. Under Reagan ( Reaganomics ) , that fair share has been gradually diminished through Democrat and Republican incumbents. 4. The actual annual Federal Tax Colection Levies barely cover Federal Debt Interest Payments. Raising the collections alone won’t do it. Yiu will need to cut into a lot of programs. 5. Sell your holdings and get used to living abroad. And by the way, US Citizens , by Law , do get taxed on their overseas incomes above a certain threshold.
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  39. Your salt of the earth Japanese paycheck earner buys a lot of Japanese Government denominated debt. It comes from them having faith in their own government. More than what any average American can fathom. American leaders are often tied to scandals , and come out unscathed. The very same would force Japanese counterparts in resignations and suicides. Bill Clinton, Donald Trump, Bill Gates , Bernie Madoff , Ivan Boeski , Michael Milliken. Shall we go on?
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  40. I assume you havevsime Midas touch , don’t you ? Nixon has said Gold don’t matter.
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  41.  @MelaniaSideWigga  according to the Department of State , 9 million Americans live abroad. Stationed military personnel does not make 10% of it. And about 750,000 in Mexico alone. The #1 demographic group is made up 9f retirees. Then corporate. Then digital nomads. Your billionaire class is staying put thanks to tax shelters and a 24% personal income bracket. And the fact the Treasury taxes incomes above certain bracket to American citizens living abroad. If weren’t for those circumstances , they would be living abroad in places like Italy , Mexico , Portugal , Brazil, the UK , Uruguay, Netherlands , Switzerland , the Caribbean. There is a reason why residency visas for investment became so popular lately . Mr Not Really, try to refute these facts.
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  42.  @victoneter  coulda woulda shoulda. Fat chance. It is always up to the middle class to pony up. In America and elsewhere.
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  43.  @MelaniaSideWigga  US corporations do technically take their money abroad for lower tax brackets. See Ireland. Individuals are not as tempted since the IRS taxes expats overseas incomes. It’s well known.
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  44. Owww ok. Monopoly money.
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  45. We have one in São Paulo , Brazil. Not a highly visible one by downtown . Rua Boa Vista next to a bridge.
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