Discussion:
OT: America could go bankrupt : Musk
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Jan Panteltje
2024-10-25 04:32:40 UTC
Permalink
America could go bankrupt – Musk
From:
https://www.rt.com/news/606373-musk-us-bankruptcy-debt/

As rt.com may be bocked in your country, here is the article

America could go bankrupt – Musk
The cost of servicing the federal debt will absorb tax revenue, leaving nothing for critical needs, the tech billionaire has predicted

The US is spiraling towards bankruptcy and will quickly go bust if Washington doesn’t stop spending so much money,
Tesla and SpaceX CEO Elon Musk has warned.

Musk was commenting on a post on X, which highlighted skyrocketing interest payments on US government debt.

“We now pay nearly $1.2 trillion per year in interest on the debt,
about 23% of all taxes, tariffs and fees collected by the US govt goes to paying interest on the debt,”
the Wall Street Silver account posted.

Musk replied, warning that “if there is not a radical reduction of government expenditures,
then, just like an individual who has taken on too much debt, America will become de facto bankrupt.”

“The interest on the debt is trending to rapidly absorb all tax revenue, leaving nothing for critical needs,” he added.

Musk previously pointed out in September that the cost of servicing the vast US federal debt has outstripped
the current defense budget, which topped $840 billion this year.

The US Treasury announced in late July that the national debt had surpassed $35 trillion, soaring by a trillion in a six-month period.
The current figure is $35.7 trillion, according to the US Debt Clock.

This is not the first time the tech billionaire has sounded the alarm over US debt.
Earlier this year, Musk said that the current rate of government spending was putting the US in the fast lane to bankruptcy,
and that government overspending was stoking inflation.

In September, he wrote that every trillion dollars of debt added is money that “our kids and grandkids are going to have to pay somehow.”
If debt keeps growing at this pace, Musk warned, the US will be trapped in a vicious cycle where “the only thing we’ll be able to pay is interest.”
You can share this story on social media:
Bill Sloman
2024-10-25 04:43:27 UTC
Permalink
America could go bankrupt – Musk
https://www.rt.com/news/606373-musk-us-bankruptcy-debt/
As rt.com may be bocked in your country, here is the article
America could go bankrupt – Musk
The cost of servicing the federal debt will absorb tax revenue, leaving nothing for critical needs, the tech billionaire has predicted
The US is spiraling towards bankruptcy and will quickly go bust if Washington doesn’t stop spending so much money,
Tesla and SpaceX CEO Elon Musk has warned.
Musk was commenting on a post on X, which highlighted skyrocketing interest payments on US government debt.
“We now pay nearly $1.2 trillion per year in interest on the debt,
about 23% of all taxes, tariffs and fees collected by the US govt goes to paying interest on the debt,”
the Wall Street Silver account posted.
Musk replied, warning that “if there is not a radical reduction of government expenditures,
then, just like an individual who has taken on too much debt, America will become de facto bankrupt.”
“The interest on the debt is trending to rapidly absorb all tax revenue, leaving nothing for critical needs,” he added.
Musk previously pointed out in September that the cost of servicing the vast US federal debt has outstripped
the current defense budget, which topped $840 billion this year.
The US Treasury announced in late July that the national debt had surpassed $35 trillion, soaring by a trillion in a six-month period.
The current figure is $35.7 trillion, according to the US Debt Clock.
This is not the first time the tech billionaire has sounded the alarm over US debt.
Earlier this year, Musk said that the current rate of government spending was putting the US in the fast lane to bankruptcy,
and that government overspending was stoking inflation.
In September, he wrote that every trillion dollars of debt added is money that “our kids and grandkids are going to have to pay somehow.”
If debt keeps growing at this pace, Musk warned, the US will be trapped in a vicious cycle where “the only thing we’ll be able to pay is interest.”
The simple - if nasty - solution to this problem is inflation. Let the
dollar inflate and the debt (and the cost of servicing it) dwindles.

People will stop lending you money denominated in terms the inflating
currency, so it does effectively bankrupt the country. It has happened
from time to time and the countries involved have survived.

Musk doesn't know as much history as he should.
--
Bill Sloman, Sydney
bitrex
2024-10-25 05:20:55 UTC
Permalink
Post by Bill Sloman
Post by Jan Panteltje
This is not the first time the tech billionaire has sounded the alarm over US debt.
Earlier this year, Musk said that the current rate of government
spending was putting the US in the fast lane to bankruptcy,
and that government overspending was stoking inflation.
In September, he wrote that every trillion dollars of debt added is
money that “our kids and grandkids are going to have to pay somehow.”
If debt keeps growing at this pace, Musk warned, the US will be
trapped in a vicious cycle where “the only thing we’ll be able to pay
is interest.”
The simple - if nasty - solution to this problem is inflation. Let the
dollar inflate and the debt (and the cost of servicing it) dwindles.
People will stop lending you money denominated in terms the inflating
currency, so it does effectively bankrupt the country. It has happened
from time to time and the countries involved have survived.
Musk doesn't know as much history as he should.
Milton Keynes wrote: "Practical men who believe themselves to be quite
exempt from any intellectual influence, are usually the slaves of some
defunct economist. Madmen in authority, who hear voices in the air,
distill their frenzy from some academic scribbler of a few years back."

Almost like he had Musk in mind. He seems to lift his ideas on debt from
dead neo-Austrians and his ideas on money as a "database for resource
allocation"/information theory from dead Marxists.
Jan Panteltje
2024-10-25 08:15:18 UTC
Permalink
On a sunny day (Fri, 25 Oct 2024 01:20:55 -0400) it happened bitrex
Post by bitrex
Post by Bill Sloman
Post by Jan Panteltje
This is not the first time the tech billionaire has sounded the alarm over US debt.
Earlier this year, Musk said that the current rate of government
spending was putting the US in the fast lane to bankruptcy,
and that government overspending was stoking inflation.
In September, he wrote that every trillion dollars of debt added is
money that “our kids and grandkids are going to have to pay somehow.”
If debt keeps growing at this pace, Musk warned, the US will be
trapped in a vicious cycle where “the only thing we’ll be able to pay
is interest.”
The simple - if nasty - solution to this problem is inflation. Let the
dollar inflate and the debt (and the cost of servicing it) dwindles.
People will stop lending you money denominated in terms the inflating
currency, so it does effectively bankrupt the country. It has happened
from time to time and the countries involved have survived.
Musk doesn't know as much history as he should.
Milton Keynes wrote: "Practical men who believe themselves to be quite
exempt from any intellectual influence, are usually the slaves of some
defunct economist. Madmen in authority, who hear voices in the air,
distill their frenzy from some academic scribbler of a few years back."
Almost like he had Musk in mind. He seems to lift his ideas on debt from
dead neo-Austrians and his ideas on money as a "database for resource
allocation"/information theory from dead Marxists.
I dunno how Musk does it, but I somehow like his succcess
Tesla shares are way up as sales had an unexpected plus.
He saved the bo[e]ing astronuts and Starlink really works
He just landed a rocket with booster at the launch tower, with 'chopsticks', amazing!
I would vote for him as president if I could.
Maybe that would save 'merrica from becoming a fourth world country.
As opposed to The radiating youash ashes that would follow a chameleon demorat win ...
john larkin
2024-10-25 22:10:56 UTC
Permalink
Post by Jan Panteltje
On a sunny day (Fri, 25 Oct 2024 01:20:55 -0400) it happened bitrex
Post by bitrex
Post by Bill Sloman
Post by Jan Panteltje
This is not the first time the tech billionaire has sounded the alarm over US debt.
Earlier this year, Musk said that the current rate of government
spending was putting the US in the fast lane to bankruptcy,
and that government overspending was stoking inflation.
In September, he wrote that every trillion dollars of debt added is
money that “our kids and grandkids are going to have to pay somehow.â€?
If debt keeps growing at this pace, Musk warned, the US will be
trapped in a vicious cycle where “the only thing we’ll be able to pay
is interest.�
The simple - if nasty - solution to this problem is inflation. Let the
dollar inflate and the debt (and the cost of servicing it) dwindles.
People will stop lending you money denominated in terms the inflating
currency, so it does effectively bankrupt the country. It has happened
from time to time and the countries involved have survived.
Musk doesn't know as much history as he should.
Milton Keynes wrote: "Practical men who believe themselves to be quite
exempt from any intellectual influence, are usually the slaves of some
defunct economist. Madmen in authority, who hear voices in the air,
distill their frenzy from some academic scribbler of a few years back."
Almost like he had Musk in mind. He seems to lift his ideas on debt from
dead neo-Austrians and his ideas on money as a "database for resource
allocation"/information theory from dead Marxists.
I dunno how Musk does it, but I somehow like his succcess
Not many individuals can start successful car companies. Or reuse
giant rockets. Or become the richest person on Earth.

He embodies the silicon valley philosophy "fail fast, fail often".
History is littered with now-gone companies that had no new ideas and
failed slowly, once.
a***@spenarnc.xs4all.nl
2024-10-29 15:57:12 UTC
Permalink
Post by john larkin
Post by Jan Panteltje
On a sunny day (Fri, 25 Oct 2024 01:20:55 -0400) it happened bitrex
Post by bitrex
Post by Bill Sloman
Post by Jan Panteltje
This is not the first time the tech billionaire has sounded the alarm over US debt.
Earlier this year, Musk said that the current rate of government
spending was putting the US in the fast lane to bankruptcy,
and that government overspending was stoking inflation.
In September, he wrote that every trillion dollars of debt added is
money that “our kids and grandkids are going to have to pay somehow.â€?
If debt keeps growing at this pace, Musk warned, the US will be
trapped in a vicious cycle where “the only thing we’ll be able to pay
is interest.�
The simple - if nasty - solution to this problem is inflation. Let the
dollar inflate and the debt (and the cost of servicing it) dwindles.
People will stop lending you money denominated in terms the inflating
currency, so it does effectively bankrupt the country. It has happened
from time to time and the countries involved have survived.
Musk doesn't know as much history as he should.
Milton Keynes wrote: "Practical men who believe themselves to be quite
exempt from any intellectual influence, are usually the slaves of some
defunct economist. Madmen in authority, who hear voices in the air,
distill their frenzy from some academic scribbler of a few years back."
Almost like he had Musk in mind. He seems to lift his ideas on debt from
dead neo-Austrians and his ideas on money as a "database for resource
allocation"/information theory from dead Marxists.
I dunno how Musk does it, but I somehow like his succcess
Not many individuals can start successful car companies.
Elon Musk doesn't fall in this category. He bought Tesla with
inherited money from the successful founders, then he got rid of them.
Knowledgeable people predict the bankruptcy of Tesla with 5 years,
because there are no new cars developed, and an affordable hybrid
is long overdue. Chinese manufacturers don't gamble their future
with alone pure EV's. Cars are a mass market, and most people cannot
buy the cheapest Tesla.

Also he manages to run Twitter into the ground for as far a positive
force.

Groetjes Albert
--
Temu exploits Christians: (Disclaimer, only 10 apostles)
Last Supper Acrylic Suncatcher - 15Cm Round Stained Glass- Style Wall
Art For Home, Office And Garden Decor - Perfect For Windows, Bars,
And Gifts For Friends Family And Colleagues.
bitrex
2024-10-30 21:33:36 UTC
Permalink
Post by a***@spenarnc.xs4all.nl
Post by john larkin
Post by Jan Panteltje
I dunno how Musk does it, but I somehow like his succcess
Not many individuals can start successful car companies.
Elon Musk doesn't fall in this category. He bought Tesla with
inherited money from the successful founders, then he got rid of them.
Knowledgeable people predict the bankruptcy of Tesla with 5 years,
because there are no new cars developed, and an affordable hybrid
is long overdue. Chinese manufacturers don't gamble their future
with alone pure EV's. Cars are a mass market, and most people cannot
buy the cheapest Tesla.
Also he manages to run Twitter into the ground for as far a positive
force.
Groetjes Albert
Anti-trans hysteria is a serious disease that is well-known for breaking
the cognitive faculties of middle-aged people exposed to sufficient
doses of it.

One of Musk's kids came out as trans and it clearly broke his mind. At
least Trump's kids seem to like him, I tend to never trust a man whose
own kids think he sucks.

That's not why he loves Trump though, a few of his pie-in-the-sky
ventures actually started making money and he just don't wanna pay taxes.

Pretty quick philosophical turn for the guy who voted Biden and
privately said Trump was a "loser" just 4 years ago but not an
unpredictable chain of events for a man who has no values other than his
own sweet ass.
Jan Panteltje
2024-10-31 06:40:49 UTC
Permalink
On a sunny day (Wed, 30 Oct 2024 17:33:36 -0400) it happened bitrex
Post by bitrex
Post by a***@spenarnc.xs4all.nl
Post by john larkin
Post by Jan Panteltje
I dunno how Musk does it, but I somehow like his succcess
Not many individuals can start successful car companies.
Elon Musk doesn't fall in this category. He bought Tesla with
inherited money from the successful founders, then he got rid of them.
Knowledgeable people predict the bankruptcy of Tesla with 5 years,
because there are no new cars developed, and an affordable hybrid
is long overdue. Chinese manufacturers don't gamble their future
with alone pure EV's. Cars are a mass market, and most people cannot
buy the cheapest Tesla.
Also he manages to run Twitter into the ground for as far a positive
force.
Groetjes Albert
Anti-trans hysteria is a serious disease that is well-known for breaking
the cognitive faculties of middle-aged people exposed to sufficient
doses of it.
One of Musk's kids came out as trans and it clearly broke his mind. At
least Trump's kids seem to like him, I tend to never trust a man whose
own kids think he sucks.
That's not why he loves Trump though, a few of his pie-in-the-sky
ventures actually started making money and he just don't wanna pay taxes.
Pretty quick philosophical turn for the guy who voted Biden and
privately said Trump was a "loser" just 4 years ago but not an
unpredictable chain of events for a man who has no values other than his
own sweet ass.
If chameleon gets elected: more wars, escalation in Europe and elsewhere, WW3, few will survive.
Let's go nuclear... ???

Trump?
cars? Import taxes on good cheap Chinese cars?
So 'merricans have less to spend on food?
'merrica only making bad products, also for military,
F35 makes so much noise here (flying over every day) that
I think the pilots must get hearing problems.
No pilots .. that leaves drones...
China has good ones...
'merrica has become a self destructing joke.
You cannot even get a burger at mac duck .. eeh Donalds without risk of dying from it.
demorats trying to get every weard minority to vote for them.
bo[i]ng airplanes...
Europe should kick NATO out (just a US weapon sales club), make peace with Russia, concure all of 'N 'merrica,
grab goods to compensate poor Europeans for the higher fuel prices
after US blew up Northstream, return noisy F35 and ask money back (in Euros or gold)
return Bo[i]ng airplaes and ask money back, money or goods or gold as YouAsh dollies are worth less than wallpaper.
Bunch of genocse supporting criminals that use CIA to make wars everywhere including setting up
the October 7 attacks on is-s-hell.
And even criminals ile that STIL are making losses and increasing their debt.
Lousy criminals they are too :-)!!!!
john larkin
2024-10-31 15:05:10 UTC
Permalink
Post by bitrex
Post by a***@spenarnc.xs4all.nl
Post by john larkin
Post by Jan Panteltje
I dunno how Musk does it, but I somehow like his succcess
Not many individuals can start successful car companies.
Elon Musk doesn't fall in this category. He bought Tesla with
inherited money from the successful founders, then he got rid of them.
Knowledgeable people predict the bankruptcy of Tesla with 5 years,
because there are no new cars developed, and an affordable hybrid
is long overdue. Chinese manufacturers don't gamble their future
with alone pure EV's. Cars are a mass market, and most people cannot
buy the cheapest Tesla.
Also he manages to run Twitter into the ground for as far a positive
force.
Groetjes Albert
Anti-trans hysteria is a serious disease that is well-known for breaking
the cognitive faculties of middle-aged people exposed to sufficient
doses of it.
Adolescence can be stressful, and it's usually best to provide
psychologic support to kids until they get older and comfortable being
whatever they will ultimately be. My two daughters, and my wife, were
upset for a few years when their bodies changed. They are all happily
female now. [1]

Giving confused children hormones and mutilating surgery is a
profitable medical fad. The UK is more rational than the US about
that, probably because the profit incentives are different.

That position is not hysteria.

I've had two trans employees so far, both m to f. It seems to be a lot
more common than it used to be. Some chemical in our food?

[1] It's not as bad for guys. I was too busy being a geek to notice
much.

bitrex
2024-10-26 21:28:33 UTC
Permalink
Post by Jan Panteltje
On a sunny day (Fri, 25 Oct 2024 01:20:55 -0400) it happened bitrex
Post by bitrex
Post by Bill Sloman
Post by Jan Panteltje
This is not the first time the tech billionaire has sounded the alarm over US debt.
Earlier this year, Musk said that the current rate of government
spending was putting the US in the fast lane to bankruptcy,
and that government overspending was stoking inflation.
In September, he wrote that every trillion dollars of debt added is
money that “our kids and grandkids are going to have to pay somehow.”
If debt keeps growing at this pace, Musk warned, the US will be
trapped in a vicious cycle where “the only thing we’ll be able to pay
is interest.”
The simple - if nasty - solution to this problem is inflation. Let the
dollar inflate and the debt (and the cost of servicing it) dwindles.
People will stop lending you money denominated in terms the inflating
currency, so it does effectively bankrupt the country. It has happened
from time to time and the countries involved have survived.
Musk doesn't know as much history as he should.
Milton Keynes wrote: "Practical men who believe themselves to be quite
exempt from any intellectual influence, are usually the slaves of some
defunct economist. Madmen in authority, who hear voices in the air,
distill their frenzy from some academic scribbler of a few years back."
Almost like he had Musk in mind. He seems to lift his ideas on debt from
dead neo-Austrians and his ideas on money as a "database for resource
allocation"/information theory from dead Marxists.
I dunno how Musk does it, but I somehow like his succcess
Tesla shares are way up as sales had an unexpected plus.
He saved the bo[e]ing astronuts and Starlink really works
He just landed a rocket with booster at the launch tower, with 'chopsticks', amazing!
I would vote for him as president if I could.
Maybe that would save 'merrica from becoming a fourth world country.
As opposed to The radiating youash ashes that would follow a chameleon demorat win ...
Remember when people were worried about the government/industry spying
on them?

<https://fortune.com/2024/10/18/twitter-x-privacy-policy-update-ai-user-data-trump-court/>

Now people give it away for free! Really the most helpful fashion of citizen
Jan Panteltje
2024-10-27 07:13:23 UTC
Permalink
On a sunny day (Sat, 26 Oct 2024 17:28:33 -0400) it happened bitrex
Post by bitrex
Post by Jan Panteltje
On a sunny day (Fri, 25 Oct 2024 01:20:55 -0400) it happened bitrex
Post by bitrex
Post by Bill Sloman
Post by Jan Panteltje
This is not the first time the tech billionaire has sounded the alarm over US debt.
Earlier this year, Musk said that the current rate of government
spending was putting the US in the fast lane to bankruptcy,
and that government overspending was stoking inflation.
In September, he wrote that every trillion dollars of debt added is
money that “our kids and grandkids are going to have to pay somehow.”
If debt keeps growing at this pace, Musk warned, the US will be
trapped in a vicious cycle where “the only thing we’ll be able to pay
is interest.”
The simple - if nasty - solution to this problem is inflation. Let the
dollar inflate and the debt (and the cost of servicing it) dwindles.
People will stop lending you money denominated in terms the inflating
currency, so it does effectively bankrupt the country. It has happened
from time to time and the countries involved have survived.
Musk doesn't know as much history as he should.
Milton Keynes wrote: "Practical men who believe themselves to be quite
exempt from any intellectual influence, are usually the slaves of some
defunct economist. Madmen in authority, who hear voices in the air,
distill their frenzy from some academic scribbler of a few years back."
Almost like he had Musk in mind. He seems to lift his ideas on debt from
dead neo-Austrians and his ideas on money as a "database for resource
allocation"/information theory from dead Marxists.
I dunno how Musk does it, but I somehow like his succcess
Tesla shares are way up as sales had an unexpected plus.
He saved the bo[e]ing astronuts and Starlink really works
He just landed a rocket with booster at the launch tower, with 'chopsticks', amazing!
I would vote for him as president if I could.
Maybe that would save 'merrica from becoming a fourth world country.
As opposed to The radiating youash ashes that would follow a chameleon demorat win ...
Remember when people were worried about the government/industry spying
on them?
<https://fortune.com/2024/10/18/twitter-x-privacy-policy-update-ai-user-data-trump-court/>
Now people give it away for free! Really the most helpful fashion of citizen
I sort of assume 'they' know everything 'bout me
that leaves room to play <them>
The secret commienukation I do with birds carrying micro SDcards, all data exored with Pi.
I trust you guys not to tell Annie Boddy
Cursitor Doom
2024-10-27 08:41:04 UTC
Permalink
Post by Jan Panteltje
On a sunny day (Sat, 26 Oct 2024 17:28:33 -0400) it happened bitrex
Post by bitrex
Post by Jan Panteltje
On a sunny day (Fri, 25 Oct 2024 01:20:55 -0400) it happened bitrex
Post by bitrex
Post by Bill Sloman
Post by Jan Panteltje
This is not the first time the tech billionaire has sounded the
alarm over US debt.
Earlier this year, Musk said that the current rate of government
spending was putting the US in the fast lane to bankruptcy,
and that government overspending was stoking inflation.
In September, he wrote that every trillion dollars of debt added is
money that “our kids and grandkids are going to have to pay somehow.”
If debt keeps growing at this pace, Musk warned, the US will be
trapped in a vicious cycle where “the only thing we’ll be able to
pay is interest.”
The simple - if nasty - solution to this problem is inflation. Let
the dollar inflate and the debt (and the cost of servicing it)
dwindles.
People will stop lending you money denominated in terms the
inflating currency, so it does effectively bankrupt the country. It
has happened from time to time and the countries involved have
survived.
Musk doesn't know as much history as he should.
Milton Keynes wrote: "Practical men who believe themselves to be
quite exempt from any intellectual influence, are usually the slaves
of some defunct economist. Madmen in authority, who hear voices in
the air, distill their frenzy from some academic scribbler of a few
years back."
Almost like he had Musk in mind. He seems to lift his ideas on debt
from dead neo-Austrians and his ideas on money as a "database for
resource allocation"/information theory from dead Marxists.
I dunno how Musk does it, but I somehow like his succcess Tesla shares
are way up as sales had an unexpected plus.
He saved the bo[e]ing astronuts and Starlink really works He just
landed a rocket with booster at the launch tower, with 'chopsticks',
amazing! I would vote for him as president if I could.
Maybe that would save 'merrica from becoming a fourth world country.
As opposed to The radiating youash ashes that would follow a chameleon demorat win ...
Remember when people were worried about the government/industry spying
on them?
<https://fortune.com/2024/10/18/twitter-x-privacy-policy-update-ai-user-
data-trump-court/>
Post by Jan Panteltje
Post by bitrex
Now people give it away for free! Really the most helpful fashion of citizen
I sort of assume 'they' know everything 'bout me that leaves room to
play <them>
The secret commienukation I do with birds carrying micro SDcards, all data exored with Pi.
I trust you guys not to tell Annie Boddy
You're quite safe, Jan. Everyone on this board is 100% trustworthy. :)
Cursitor Doom
2024-10-27 08:39:27 UTC
Permalink
Post by bitrex
Post by Jan Panteltje
On a sunny day (Fri, 25 Oct 2024 01:20:55 -0400) it happened bitrex
Post by bitrex
Post by Bill Sloman
Post by Jan Panteltje
This is not the first time the tech billionaire has sounded the alarm over US debt.
Earlier this year, Musk said that the current rate of government
spending was putting the US in the fast lane to bankruptcy,
and that government overspending was stoking inflation.
In September, he wrote that every trillion dollars of debt added is
money that “our kids and grandkids are going to have to pay somehow.”
If debt keeps growing at this pace, Musk warned, the US will be
trapped in a vicious cycle where “the only thing we’ll be able to
pay is interest.”
The simple - if nasty - solution to this problem is inflation. Let
the dollar inflate and the debt (and the cost of servicing it)
dwindles.
People will stop lending you money denominated in terms the inflating
currency, so it does effectively bankrupt the country. It has
happened from time to time and the countries involved have survived.
Musk doesn't know as much history as he should.
Milton Keynes wrote: "Practical men who believe themselves to be quite
exempt from any intellectual influence, are usually the slaves of some
defunct economist. Madmen in authority, who hear voices in the air,
distill their frenzy from some academic scribbler of a few years back."
Almost like he had Musk in mind. He seems to lift his ideas on debt
from dead neo-Austrians and his ideas on money as a "database for
resource allocation"/information theory from dead Marxists.
I dunno how Musk does it, but I somehow like his succcess Tesla shares
are way up as sales had an unexpected plus.
He saved the bo[e]ing astronuts and Starlink really works He just
landed a rocket with booster at the launch tower, with 'chopsticks',
amazing! I would vote for him as president if I could.
Maybe that would save 'merrica from becoming a fourth world country.
As opposed to The radiating youash ashes that would follow a chameleon demorat win ...
Remember when people were worried about the government/industry spying
on them?
<https://fortune.com/2024/10/18/twitter-x-privacy-policy-update-ai-user-
data-trump-court/>
Post by bitrex
Now people give it away for free! Really the most helpful fashion of citizen
"Twitter/X is also setting up protections to protect against data
scrapers. Any user caught viewing or accessing over 1 million posts per
day will be fined $15,000 per million, the company said."

I'll be okay, then. I never read more than half that much.
john larkin
2024-10-25 16:06:15 UTC
Permalink
Post by Jan Panteltje
America could go bankrupt – Musk
https://www.rt.com/news/606373-musk-us-bankruptcy-debt/
As rt.com may be bocked in your country, here is the article
America could go bankrupt – Musk
The cost of servicing the federal debt will absorb tax revenue, leaving nothing for critical needs, the tech billionaire has predicted
The US is spiraling towards bankruptcy and will quickly go bust if Washington doesn’t stop spending so much money,
Tesla and SpaceX CEO Elon Musk has warned.
Musk was commenting on a post on X, which highlighted skyrocketing interest payments on US government debt.
“We now pay nearly $1.2 trillion per year in interest on the debt,
about 23% of all taxes, tariffs and fees collected by the US govt goes to paying interest on the debt,�
the Wall Street Silver account posted.
Musk replied, warning that “if there is not a radical reduction of government expenditures,
then, just like an individual who has taken on too much debt, America will become de facto bankrupt.�
“The interest on the debt is trending to rapidly absorb all tax revenue, leaving nothing for critical needs,â€? he added.
Musk previously pointed out in September that the cost of servicing the vast US federal debt has outstripped
the current defense budget, which topped $840 billion this year.
The US Treasury announced in late July that the national debt had surpassed $35 trillion, soaring by a trillion in a six-month period.
The current figure is $35.7 trillion, according to the US Debt Clock.
This is not the first time the tech billionaire has sounded the alarm over US debt.
Earlier this year, Musk said that the current rate of government spending was putting the US in the fast lane to bankruptcy,
and that government overspending was stoking inflation.
In September, he wrote that every trillion dollars of debt added is money that “our kids and grandkids are going to have to pay somehow.â€?
If debt keeps growing at this pace, Musk warned, the US will be trapped in a vicious cycle where “the only thing we’ll be able to pay is interest.â€?
The US can't go bankrupt; it can print all the money it needs.

https://en.wikipedia.org/wiki/Modern_monetary_theory

MMT is, at its core, a full-employment program for economists.
Bill Sloman
2024-10-26 01:06:20 UTC
Permalink
Post by john larkin
America could go bankrupt – Musk
https://www.rt.com/news/606373-musk-us-bankruptcy-debt/
As rt.com may be bocked in your country, here is the article
America could go bankrupt – Musk
The cost of servicing the federal debt will absorb tax revenue, leaving nothing for critical needs, the tech billionaire has predicted
The US is spiraling towards bankruptcy and will quickly go bust if Washington doesn’t stop spending so much money,
Tesla and SpaceX CEO Elon Musk has warned.
Musk was commenting on a post on X, which highlighted skyrocketing interest payments on US government debt.
“We now pay nearly $1.2 trillion per year in interest on the debt,
about 23% of all taxes, tariffs and fees collected by the US govt goes to paying interest on the debt,�
the Wall Street Silver account posted.
Musk replied, warning that “if there is not a radical reduction of government expenditures,
then, just like an individual who has taken on too much debt, America will become de facto bankrupt.�
“The interest on the debt is trending to rapidly absorb all tax revenue, leaving nothing for critical needs,� he added.
Musk previously pointed out in September that the cost of servicing the vast US federal debt has outstripped
the current defense budget, which topped $840 billion this year.
The US Treasury announced in late July that the national debt had surpassed $35 trillion, soaring by a trillion in a six-month period.
The current figure is $35.7 trillion, according to the US Debt Clock.
This is not the first time the tech billionaire has sounded the alarm over US debt.
Earlier this year, Musk said that the current rate of government spending was putting the US in the fast lane to bankruptcy,
and that government overspending was stoking inflation.
In September, he wrote that every trillion dollars of debt added is money that “our kids and grandkids are going to have to pay somehow.�
If debt keeps growing at this pace, Musk warned, the US will be trapped in a vicious cycle where “the only thing we’ll be able to pay is interest.�
The US can't go bankrupt; it can print all the money it needs.
https://en.wikipedia.org/wiki/Modern_monetary_theory
MMT is, at its core, a full-employment program for economists.
That's the way an ignoramus like John Larkin chooses to see it. He
doesn't want to do the work required to let him get some idea of what is
being said. Despising it is a much cheaper option.
--
Bill Sloman, Sydney
Jan Panteltje
2024-10-26 06:34:34 UTC
Permalink
On a sunny day (Fri, 25 Oct 2024 09:06:15 -0700) it happened john larkin
Post by john larkin
Post by Jan Panteltje
America could go bankrupt – Musk
https://www.rt.com/news/606373-musk-us-bankruptcy-debt/
As rt.com may be bocked in your country, here is the article
America could go bankrupt – Musk
The cost of servicing the federal debt will absorb tax revenue, leaving nothing for critical needs, the tech billionaire has
predicted
The US is spiraling towards bankruptcy and will quickly go bust if Washington doesn’t stop spending so much money,
Tesla and SpaceX CEO Elon Musk has warned.
Musk was commenting on a post on X, which highlighted skyrocketing interest payments on US government debt.
“We now pay nearly $1.2 trillion per year in interest on the debt,
about 23% of all taxes, tariffs and fees collected by the US govt goes to paying interest on the debt,�
the Wall Street Silver account posted.
Musk replied, warning that “if there is not a radical reduction of government expenditures,
then, just like an individual who has taken on too much debt, America will become de facto bankrupt.�
“The interest on the debt is trending to rapidly absorb all tax revenue, leaving nothing for critical needs,â€? he added.
Musk previously pointed out in September that the cost of servicing the vast US federal debt has outstripped
the current defense budget, which topped $840 billion this year.
The US Treasury announced in late July that the national debt had surpassed $35 trillion, soaring by a trillion in a six-month
period.
The current figure is $35.7 trillion, according to the US Debt Clock.
This is not the first time the tech billionaire has sounded the alarm over US debt.
Earlier this year, Musk said that the current rate of government spending was putting the US in the fast lane to bankruptcy,
and that government overspending was stoking inflation.
In September, he wrote that every trillion dollars of debt added is money that “our kids and grandkids are going to have to
pay somehow.�
If debt keeps growing at this pace, Musk warned, the US will be trapped in a vicious cycle where “the only thing we’ll be
able to pay is interest.�
The US can't go bankrupt; it can print all the money it needs.
Well you may get barter and gold trade.
https://www.reddit.com/r/preppers/comments/y9fpuv/buying_silver_and_gold_for_bartering/
Post by john larkin
https://en.wikipedia.org/wiki/Modern_monetary_theory
MMT is, at its core, a full-employment program for economists.
Yes, its a long read, and people disagree with each other.
In the end you need food and housing,
even if government is dead or hiding in caves in fear of nukes from countries that want their money back... or grab your stuff.
If there is no gov to enforce the value of the paper it prints...
That leaves barter.. Pay the farmer for milk, meat, grains, by services like plowing his fields etc.. making stuff he needs..
Other less essential things.. millions will die ..
Bit of climate change .. migration... future of mankind?
We are likely just a transient.
Happening all over the universe!
All connected. quantum coupled if you will.

There was a video yesterday, on BeepBeebSee I think it was, of wasps or bees defending their nest in a tree against a drone used to look at it..
The drone ended covered up with insect parts and poison.
Each insect sacrifizing itself to defend their nest.
All for nothing, nest was removed later.
There but for fortune, go you and I. (song)
Joan Baez - There But For Fortune - YouTube

john larkin
2024-10-26 22:09:46 UTC
Permalink
Post by Jan Panteltje
On a sunny day (Fri, 25 Oct 2024 09:06:15 -0700) it happened john larkin
Post by john larkin
Post by Jan Panteltje
America could go bankrupt – Musk
https://www.rt.com/news/606373-musk-us-bankruptcy-debt/
As rt.com may be bocked in your country, here is the article
America could go bankrupt – Musk
The cost of servicing the federal debt will absorb tax revenue, leaving nothing for critical needs, the tech billionaire has
predicted
The US is spiraling towards bankruptcy and will quickly go bust if Washington doesn’t stop spending so much money,
Tesla and SpaceX CEO Elon Musk has warned.
Musk was commenting on a post on X, which highlighted skyrocketing interest payments on US government debt.
“We now pay nearly $1.2 trillion per year in interest on the debt,
about 23% of all taxes, tariffs and fees collected by the US govt goes to paying interest on the debt,�
the Wall Street Silver account posted.
Musk replied, warning that “if there is not a radical reduction of government expenditures,
then, just like an individual who has taken on too much debt, America will become de facto bankrupt.�
“The interest on the debt is trending to rapidly absorb all tax revenue, leaving nothing for critical needs,â€? he added.
Musk previously pointed out in September that the cost of servicing the vast US federal debt has outstripped
the current defense budget, which topped $840 billion this year.
The US Treasury announced in late July that the national debt had surpassed $35 trillion, soaring by a trillion in a six-month
period.
The current figure is $35.7 trillion, according to the US Debt Clock.
This is not the first time the tech billionaire has sounded the alarm over US debt.
Earlier this year, Musk said that the current rate of government spending was putting the US in the fast lane to bankruptcy,
and that government overspending was stoking inflation.
In September, he wrote that every trillion dollars of debt added is money that “our kids and grandkids are going to have to
pay somehow.�
If debt keeps growing at this pace, Musk warned, the US will be trapped in a vicious cycle where “the only thing we’ll be
able to pay is interest.�
The US can't go bankrupt; it can print all the money it needs.
Well you may get barter and gold trade.
https://www.reddit.com/r/preppers/comments/y9fpuv/buying_silver_and_gold_for_bartering/
Post by john larkin
https://en.wikipedia.org/wiki/Modern_monetary_theory
MMT is, at its core, a full-employment program for economists.
Yes, its a long read, and people disagree with each other.
In the end you need food and housing,
even if government is dead or hiding in caves in fear of nukes from countries that want their money back... or grab your stuff.
If there is no gov to enforce the value of the paper it prints...
That leaves barter.. Pay the farmer for milk, meat, grains, by services like plowing his fields etc.. making stuff he needs..
Other less essential things.. millions will die ..
Bit of climate change .. migration... future of mankind?
We are likely just a transient.
Happening all over the universe!
All connected. quantum coupled if you will.
There was a video yesterday, on BeepBeebSee I think it was, of wasps or bees defending their nest in a tree against a drone used to look at it..
The drone ended covered up with insect parts and poison.
Each insect sacrifizing itself to defend their nest.
All for nothing, nest was removed later.
There but for fortune, go you and I. (song)
Joan Baez - There But For Fortune - YouTube
http://youtu.be/S4BYOJ1tc-k
Some of her notes were perfect sine waves on an oscilloscope, the only
ones I've seen.
Jan Panteltje
2024-10-27 07:29:13 UTC
Permalink
On a sunny day (Sat, 26 Oct 2024 15:09:46 -0700) it happened john larkin
Post by john larkin
Post by Jan Panteltje
On a sunny day (Fri, 25 Oct 2024 09:06:15 -0700) it happened john larkin
Post by john larkin
Post by Jan Panteltje
America could go bankrupt – Musk
https://www.rt.com/news/606373-musk-us-bankruptcy-debt/
As rt.com may be bocked in your country, here is the article
America could go bankrupt – Musk
The cost of servicing the federal debt will absorb tax revenue, leaving nothing for critical needs, the tech billionaire has
predicted
The US is spiraling towards bankruptcy and will quickly go bust if Washington doesn’t stop spending so much money,
Tesla and SpaceX CEO Elon Musk has warned.
Musk was commenting on a post on X, which highlighted skyrocketing interest payments on US government debt.
“We now pay nearly $1.2 trillion per year in interest on the debt,
about 23% of all taxes, tariffs and fees collected by the US govt goes to paying interest on the debt,�
the Wall Street Silver account posted.
Musk replied, warning that “if there is not a radical reduction of government expenditures,
then, just like an individual who has taken on too much debt, America will become de facto bankrupt.�
“The interest on the debt is trending to rapidly absorb all tax revenue, leaving nothing for critical needs,â€? he added.
Musk previously pointed out in September that the cost of servicing the vast US federal debt has outstripped
the current defense budget, which topped $840 billion this year.
The US Treasury announced in late July that the national debt had surpassed $35 trillion, soaring by a trillion in a
six-month
period.
The current figure is $35.7 trillion, according to the US Debt Clock.
This is not the first time the tech billionaire has sounded the alarm over US debt.
Earlier this year, Musk said that the current rate of government spending was putting the US in the fast lane to bankruptcy,
and that government overspending was stoking inflation.
In September, he wrote that every trillion dollars of debt added is money that “our kids and grandkids are going to have
to
pay somehow.�
If debt keeps growing at this pace, Musk warned, the US will be trapped in a vicious cycle where “the only thing we’ll
be
able to pay is interest.�
The US can't go bankrupt; it can print all the money it needs.
Well you may get barter and gold trade.
https://www.reddit.com/r/preppers/comments/y9fpuv/buying_silver_and_gold_for_bartering/
Post by john larkin
https://en.wikipedia.org/wiki/Modern_monetary_theory
MMT is, at its core, a full-employment program for economists.
Yes, its a long read, and people disagree with each other.
In the end you need food and housing,
even if government is dead or hiding in caves in fear of nukes from countries that want their money back... or grab your
stuff.
If there is no gov to enforce the value of the paper it prints...
That leaves barter.. Pay the farmer for milk, meat, grains, by services like plowing his fields etc.. making stuff he needs..
Other less essential things.. millions will die ..
Bit of climate change .. migration... future of mankind?
We are likely just a transient.
Happening all over the universe!
All connected. quantum coupled if you will.
There was a video yesterday, on BeepBeebSee I think it was, of wasps or bees defending their nest in a tree against a drone
used to look at it..
The drone ended covered up with insect parts and poison.
Each insect sacrifizing itself to defend their nest.
All for nothing, nest was removed later.
There but for fortune, go you and I. (song)
Joan Baez - There But For Fortune - YouTube
http://youtu.be/S4BYOJ1tc-k
Some of her notes were perfect sine waves on an oscilloscope, the only
ones I've seen.
I liked that voice, her singing, had a picture of her hanging above my bed in the early seventies....
Cursitor Doom
2024-10-27 08:59:58 UTC
Permalink
Post by john larkin
Post by Jan Panteltje
On a sunny day (Fri, 25 Oct 2024 09:06:15 -0700) it happened john larkin
Post by john larkin
Post by Jan Panteltje
https://www.rt.com/news/606373-musk-us-bankruptcy-debt/
As rt.com may be bocked in your country, here is the article
America could go bankrupt – Musk
The cost of servicing the federal debt will absorb tax revenue,
leaving nothing for critical needs, the tech billionaire has predicted
The US is spiraling towards bankruptcy and will quickly go bust if
Washington doesn’t stop spending so much money,
Tesla and SpaceX CEO Elon Musk has warned.
Musk was commenting on a post on X, which highlighted skyrocketing
interest payments on US government debt.
“We now pay nearly $1.2 trillion per year in interest on the debt,
about 23% of all taxes, tariffs and fees collected by the US govt goes
to paying interest on the debt,�
the Wall Street Silver account posted.
Musk replied, warning that “if there is not a radical reduction of
government expenditures,
then, just like an individual who has taken on too much debt, America
will become de facto bankrupt.�
“The interest on the debt is trending to rapidly absorb all tax
revenue, leaving nothing for critical needs,� he added.
Musk previously pointed out in September that the cost of servicing
the vast US federal debt has outstripped the current defense budget,
which topped $840 billion this year.
The US Treasury announced in late July that the national debt had
surpassed $35 trillion, soaring by a trillion in a six-month period.
The current figure is $35.7 trillion, according to the US Debt Clock.
This is not the first time the tech billionaire has sounded the alarm over US debt.
Earlier this year, Musk said that the current rate of government
spending was putting the US in the fast lane to bankruptcy,
and that government overspending was stoking inflation.
In September, he wrote that every trillion dollars of debt added is
money that “our kids and grandkids are going to have to pay
somehow.�
If debt keeps growing at this pace, Musk warned, the US will be
trapped in a vicious cycle where “the only thing we’ll be able
to
Post by john larkin
Post by Jan Panteltje
Post by john larkin
Post by Jan Panteltje
pay is interest.�
The US can't go bankrupt; it can print all the money it needs.
Well you may get barter and gold trade.
https://www.reddit.com/r/preppers/comments/y9fpuv/
buying_silver_and_gold_for_bartering/
Post by john larkin
Post by Jan Panteltje
Post by john larkin
https://en.wikipedia.org/wiki/Modern_monetary_theory
MMT is, at its core, a full-employment program for economists.
Yes, its a long read, and people disagree with each other.
In the end you need food and housing,
even if government is dead or hiding in caves in fear of nukes from
countries that want their money back... or grab your stuff.
If there is no gov to enforce the value of the paper it prints...
That leaves barter.. Pay the farmer for milk, meat, grains, by services
like plowing his fields etc.. making stuff he needs..
Other less essential things.. millions will die ..
Bit of climate change .. migration... future of mankind?
We are likely just a transient.
Happening all over the universe!
All connected. quantum coupled if you will.
There was a video yesterday, on BeepBeebSee I think it was, of wasps or
bees defending their nest in a tree against a drone used to look at it..
The drone ended covered up with insect parts and poison.
Each insect sacrifizing itself to defend their nest.
All for nothing, nest was removed later.
There but for fortune, go you and I. (song)
Joan Baez - There But For Fortune - YouTube
http://youtu.be/S4BYOJ1tc-k
Some of her notes were perfect sine waves on an oscilloscope, the only
ones I've seen.
Patsy was way better.


Jan Panteltje
2024-10-27 09:25:42 UTC
Permalink
On a sunny day (Sun, 27 Oct 2024 08:59:58 -0000 (UTC)) it happened Cursitor
Post by Jan Panteltje
Post by john larkin
Post by Jan Panteltje
On a sunny day (Fri, 25 Oct 2024 09:06:15 -0700) it happened john larkin
Post by john larkin
Post by Jan Panteltje
https://www.rt.com/news/606373-musk-us-bankruptcy-debt/
As rt.com may be bocked in your country, here is the article
America could go bankrupt – Musk
The cost of servicing the federal debt will absorb tax revenue,
leaving nothing for critical needs, the tech billionaire has predicted
The US is spiraling towards bankruptcy and will quickly go bust if
Washington doesn’t stop spending so much money,
Tesla and SpaceX CEO Elon Musk has warned.
Musk was commenting on a post on X, which highlighted skyrocketing
interest payments on US government debt.
“We now pay nearly $1.2 trillion per year in interest on the debt,
about 23% of all taxes, tariffs and fees collected by the US govt goes
to paying interest on the debt,�
the Wall Street Silver account posted.
Musk replied, warning that “if there is not a radical reduction of
government expenditures,
then, just like an individual who has taken on too much debt, America
will become de facto bankrupt.�
“The interest on the debt is trending to rapidly absorb all tax
revenue, leaving nothing for critical needs,� he added.
Musk previously pointed out in September that the cost of servicing
the vast US federal debt has outstripped the current defense budget,
which topped $840 billion this year.
The US Treasury announced in late July that the national debt had
surpassed $35 trillion, soaring by a trillion in a six-month period.
The current figure is $35.7 trillion, according to the US Debt Clock.
This is not the first time the tech billionaire has sounded the alarm over US debt.
Earlier this year, Musk said that the current rate of government
spending was putting the US in the fast lane to bankruptcy,
and that government overspending was stoking inflation.
In September, he wrote that every trillion dollars of debt added is
money that “our kids and grandkids are going to have to pay
somehow.�
If debt keeps growing at this pace, Musk warned, the US will be
trapped in a vicious cycle where “the only thing we’ll be able
to
Post by john larkin
Post by Jan Panteltje
Post by john larkin
Post by Jan Panteltje
pay is interest.�
The US can't go bankrupt; it can print all the money it needs.
Well you may get barter and gold trade.
https://www.reddit.com/r/preppers/comments/y9fpuv/
buying_silver_and_gold_for_bartering/
Post by john larkin
Post by Jan Panteltje
Post by john larkin
https://en.wikipedia.org/wiki/Modern_monetary_theory
MMT is, at its core, a full-employment program for economists.
Yes, its a long read, and people disagree with each other.
In the end you need food and housing,
even if government is dead or hiding in caves in fear of nukes from
countries that want their money back... or grab your stuff.
If there is no gov to enforce the value of the paper it prints...
That leaves barter.. Pay the farmer for milk, meat, grains, by services
like plowing his fields etc.. making stuff he needs..
Other less essential things.. millions will die ..
Bit of climate change .. migration... future of mankind?
We are likely just a transient.
Happening all over the universe!
All connected. quantum coupled if you will.
There was a video yesterday, on BeepBeebSee I think it was, of wasps or
bees defending their nest in a tree against a drone used to look at it..
The drone ended covered up with insect parts and poison.
Each insect sacrifizing itself to defend their nest.
All for nothing, nest was removed later.
There but for fortune, go you and I. (song)
Joan Baez - There But For Fortune - YouTube
http://youtu.be/S4BYOJ1tc-k
Some of her notes were perfect sine waves on an oscilloscope, the only
ones I've seen.
Patsy was way better.
http://youtu.be/owNATIdymvs
Blondie 'Heart of glass' has a special voice too:

a***@spenarnc.xs4all.nl
2024-10-29 15:47:55 UTC
Permalink
Post by Jan Panteltje
America could go bankrupt – Musk
https://www.rt.com/news/606373-musk-us-bankruptcy-debt/
As rt.com may be bocked in your country, here is the article
America could go bankrupt – Musk
The cost of servicing the federal debt will absorb tax revenue, leaving
nothing for critical needs, the tech billionaire has predicted
The US is spiraling towards bankruptcy and will quickly go bust if
Washington doesn’t stop spending so much money,
Tesla and SpaceX CEO Elon Musk has warned.
Musk was commenting on a post on X, which highlighted skyrocketing
interest payments on US government debt.
“We now pay nearly $1.2 trillion per year in interest on the debt,
about 23% of all taxes, tariffs and fees collected by the US govt goes
to paying interest on the debt,”
the Wall Street Silver account posted.
Musk replied, warning that “if there is not a radical reduction of
government expenditures,
then, just like an individual who has taken on too much debt, America
will become de facto bankrupt.”
“The interest on the debt is trending to rapidly absorb all tax
revenue, leaving nothing for critical needs,” he added.
Musk previously pointed out in September that the cost of servicing the
vast US federal debt has outstripped
the current defense budget, which topped $840 billion this year.
The US Treasury announced in late July that the national debt had
surpassed $35 trillion, soaring by a trillion in a six-month period.
The current figure is $35.7 trillion, according to the US Debt Clock.
This is not the first time the tech billionaire has sounded the alarm over US debt.
Earlier this year, Musk said that the current rate of government
spending was putting the US in the fast lane to bankruptcy,
and that government overspending was stoking inflation.
In September, he wrote that every trillion dollars of debt added is
money that “our kids and grandkids are going to have to pay
somehow.”
If debt keeps growing at this pace, Musk warned, the US will be trapped
in a vicious cycle where “the only thing we’ll be able to pay is
interest.”
There are a few measures. There are 800 military bases around the globe.
Certainly some hundred around China make no sense, these could be closed.
Install a Reagan era tax for companies, unless you think Reagan is a
communist.

Groetjes Albert
--
Temu exploits Christians: (Disclaimer, only 10 apostles)
Last Supper Acrylic Suncatcher - 15Cm Round Stained Glass- Style Wall
Art For Home, Office And Garden Decor - Perfect For Windows, Bars,
And Gifts For Friends Family And Colleagues.
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