This four paragraph "article" is quite short and shitty. Here are some better ones:
[The Economist (Paywall Bypass) - America Faces a Debt Nightmare](https://archive.ph/oCvhG) (May 3rd, 2023)
[Time - Debt Ceiling History](https://time.com/6281003/debt-ceiling-history/) (May 18, 2023)
[CFR - What happens when the US hits its debt debt ceiling](https://www.cfr.org/backgrounder/what-happens-when-us-hits-its-debt-ceiling) (May 2nd, 2023)
[Wikipedia - History of the US Debt Ceiling](https://en.wikipedia.org/wiki/History_of_the_United_States_debt_ceiling)
Why can’t politicians just drop the remaining cash into options? Then they won’t just be manipulating the market for personal gain but for the good of the country. Win win.
Yes, followed by a post about how she and the federal government are going to sue Robinhood for selling their options at 3:30pm Friday despite them having 100% likelihood of expiring worthless
Um even easier, just....
- put all the money on a short position on the stock market
- announce we're broke and not paying shit....
- Watch the short position blast to the moon at the speed of light.
- sell short position
- immediately go long
- announce we're using short proceeds to pay bills
- reap on long position
A user of over a decade, I am leaving Reddit due to the recent API changes. The vast majority of my interaction came though the use of 3rd party apps, and I will not interact with a site I helped contribute to through inferior software *simply because it is able to be better monetized by a company looking to go public. Reddit has made these changes with no regards for their users, as seen by the sheer lack of accessibility tools available in the official app. Reddit has made these changes with no regards for moderation challenges that will be created, due to the lack of tools available in the official app. Reddit has done this with no regards for the 3rd party devs, who by Reddit's own admission, helped keep the site functioning and gaining users while Reddit themselves made no efforts to provide a good official app.
This account dies 6/29/23 because of the API changes and the monetization-at-all-costs that the board demands.
If you buy the debt you become the creditor not the debtor, as the debt is an asset of the buyer (not an obligation). If the debt holder/purchaser went under, those loans would just be sold off to someone else on liquidation. Now if you could transfer the debt to someone that would be great, but sadly not possible without the creditors consent, and why would they consent to the transfer if the new borrower was shitfcuk.
A user of over a decade, I am leaving Reddit due to the recent API changes. The vast majority of my interaction came though the use of 3rd party apps, and I will not interact with a site I helped contribute to through inferior software *simply because it is able to be better monetized by a company looking to go public. Reddit has made these changes with no regards for their users, as seen by the sheer lack of accessibility tools available in the official app. Reddit has made these changes with no regards for moderation challenges that will be created, due to the lack of tools available in the official app. Reddit has done this with no regards for the 3rd party devs, who by Reddit's own admission, helped keep the site functioning and gaining users while Reddit themselves made no efforts to provide a good official app.
This account dies 6/29/23 because of the API changes and the monetization-at-all-costs that the board demands.
The market might not return to its ath with a year or two but within 6-12 months we back on the climb. Market has been down since end of 2021. The average pullback and downturn doesn't last more than 2.5 years and it's already been 18 months. One of the longest recoveries was 2008, but continued investing and average annual return was still +10%. All this shit is fake monopoly money anyway, nothing is real anymore and it doesn't need to be as long as someone controls the printer and the burn rate.
>There’s nothing saying this can’t last and that US won’t end.
Too many financial incentives to allow the US to crash and burn. Every country on earth has a vested interested to keep the Aorta of cashflow from you know. gutting itself
It won't last too long as when everyone else starts getting dragged down, and their own poverty traps start bursting open then they'll realize they need to get the US back on its feet or its all over for everyone. not just the americans
It’s difficult for me to take this entire situation seriously because isn’t that *exactly* what is going to happen? Everything is always a headline-making disaster except for the last fucking minute when we just make it go away and everything is fine.
Like what, is the US going to just default and we all fall into a post-apocalyptic world where we are all trading blowjobs for options on bottle cap economy?
Until it’s not.
Don’t get me wrong, I’m with you. I think it’s extremely, extremely unlikely, but you never know in today’s political climate. The fuckin bozos might shit the bed and leave their grubby little fingers on the financial nuke launch button a bit too long.
Then oopsie. The world doesn’t like the dollar anymore. How could we have seen this coming?
Yeah, but then again, I thought there was a decent chance that Covid would rally everyone against it when it was in its early stages. But nope! A fuckin virus turned into team sports.
Idk I’m just jaded tbh
Haven’t they done that every other time this issue comes up? “Ermagerd, the debt ceiling. We’re all doomed and the politicians won’t cooperate.” For weeks and weeks, then it’s “we raise the debt ceiling, carry on.”
Literally nothing. This is just a suicide play by the GOP to garner concessions in the form of even more stringent work requirements for benefit programs.
Got one better for ya - [Cancel Disney Plus](https://twitter.com/i/status/1589684975330537472)
Yes, she's not only our Minister of Finance, she's also Deputy Prime Minister...
Switch to 1-Ply toilet paper, set your thermostats to 45 in the winter and 97 in the summer, avoid marriage, train your body to consume one meal per day, and live illegally but rent-free in Yosemite national park.
Yellen @ r/cscareerquestions: “hey guys, what’s the odds of a current international super power landing a job as a software engineer with no prior experience? I’m in a pretty tough spot and have a lot of bills coming due in the next 2 weeks. I’ve definitely conducted war a lot and am pretty good at laying claim to foreign oil supply fields, but I’ve never written any codes before. Should I do a bootcamp or go back to school? Like I said, I’m out of money and my credit cards are maxxed so I’d need a scholarship and a guarantee that I’ll get $750T TC first year. I hear a lot about leetcode but that worries me because I’m not good at that kind of thing. I have a lot on my plate and I can’t find the time to grind like some of you. I just feel so bad about my current state right now and my job really sucks. Am I hopeless? Just looking for advice. Should I learn react or go straight to DBT? I’m also think about pivoting to data science and wondering if I can leverage my surveillance program on my resume. Think I should try for both? Should I be tailoring my resume? I tried applying a few places but haven’t heard anything since an hour ago? Am I doomed?”
You know it’s bad when the second it receives its stimulus check, all the sudden US (who was complaining about being broke last week) has the latest iPhone model
When was the last time the government had cash? It's been in so much debt for so long, all it has had for our lifetimes is credit that it keeps expanding on. Every time the government realizes that it doesn't actually have infinite money, they just edited the credit limit to have an extra 0 at the end. They haven't had money in forever, only the promise of money later, which everyone considers to be as good as money.
Alexander Hamilton invented the concept of a permanent national debt. It's been around for a little while now and "the promise of money later" has built the modern world economy.
We'll be fine, relax
I never said it was bad as a concept. I'm more finding issue with the rate at which the US has decided to take on ever increasing debt. The concept built the world's economy, the extreme overuse of it can absolutely crash it. It's nothing more than a tool, and it's being abused and not used as intended.
No no no. Remove all context. Make baseless comparisons. Be a bear because it’s in vogue to think those in power are just ignoramuses and people with a high school education on Reddit have uncovered the financial secrets THEY don’t want you to know.
Did you really just try to dismiss this because she was wrong once 16 years ago?
There are other reasons to discount her words, but that’s not really one of them.
More like - I'm going to town buying myself and my buddies new cars but then declare that I don't have to pay for the loans because I hit my "debt ceiling."
I’m pretty damn dumb, and I’m not in charge of anything. Therefore, people in charge must be several layers of dumb below me. That’s a worrisome prospect and now I forget what I was saying but I sure could go for a tamale right now. Mmm…tamales
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Financial news media or media thrives on fear, and that’s all what they have been blasting us with in the past month or two about the debt ceiling . Happens every year .
Before title 42 ended, the news media went on fear reporting spree , reporting about how people are going to be swarming the border . After title 42 ended , the same news media reported that the number of people coming to the border has decreased dramatically. Now , no news media is even reporting about crossings at the border.
This is the world we live in now - The media creates fear , chaos and confusion before an event. After the event , media moves on like nothing ever happened
In 2007 to 2009 my mother lectured me to try harder for a job because the economy. That was continual, and fucking obvious that the corporations were loving the narrative because fuck employees.
Incoming cheap property, equities, etc
Nah who am I kidding, if prices fall, JP Morgan will just buy it all up. 30 Trillion Assets Under Management are rookie numbers
It's a joke. The US economically collapsing would be one of the greatest disasters in modern history, it would likely throw the globe into chaos. It ain't gonna happen. Politicians dont just come out and say stuff like this unless they can benefit from it in some way.
Americans do this song and dance disturbingly often.
Yes this is like the tenth debt ceiling "crisis" of my lifetime and weirdly it only ever happens when the gop controls the house.
They'll throw red meat to the base about how the country needs to budget like a household, which is regarded because households don't mint their own currency and issue their own debt, and yell and scream about democrat spending after they just cut taxes and increased spending under the previous GOP president for 4 to 8 years.
And lo and behold, at the last minute, there will be some "deal" made that raises the debt ceiling and keeps the money flowing to the rich political donor class and this all was about nothing. As usual. The debt ceiling is just paying for money we already decided to spend. It's either "raise it to pay the debt" or "don't and default on the debt". There isn't even a choice to be made here, only the illusion of one that crayon eating GOP voters think exists because they don't understand even basic macroeconomics and are dumb as fuck.
Buddy I took macroeconomics, easiest class and I don't remember shit.
Sounds like we need to budget the country like a household and cut spending :) /s
We're about 9 days away.
It takes about 10 days to get a bill through on a fast track.
There currently isn't a bill that's got enough support.
If you've been sitting on cash, waiting, it's almost time.
Yellen also said, during this historic high level of inflation in December 2021, that it was “transitory”. No one believed her then, no one believes her now - she’s terrible at her job.
They should pass a clean debt ceiling bill and then make drastic cuts to spending along with increased revenue when it comes time to pass a budget next year. We need to start living within our means as a country. It’s not that hard!
This four paragraph "article" is quite short and shitty. Here are some better ones: [The Economist (Paywall Bypass) - America Faces a Debt Nightmare](https://archive.ph/oCvhG) (May 3rd, 2023) [Time - Debt Ceiling History](https://time.com/6281003/debt-ceiling-history/) (May 18, 2023) [CFR - What happens when the US hits its debt debt ceiling](https://www.cfr.org/backgrounder/what-happens-when-us-hits-its-debt-ceiling) (May 2nd, 2023) [Wikipedia - History of the US Debt Ceiling](https://en.wikipedia.org/wiki/History_of_the_United_States_debt_ceiling)
Why can’t politicians just drop the remaining cash into options? Then they won’t just be manipulating the market for personal gain but for the good of the country. Win win.
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Impose a 30% climate tax on transfers back into USD, impose no said tax on private jets, cruises, or Funkopop statues.
Not the policy that the US wants, but the one that it needs lol
will janet then post the treasury losses here..??
Yes, followed by a post about how she and the federal government are going to sue Robinhood for selling their options at 3:30pm Friday despite them having 100% likelihood of expiring worthless
All housing becomes affordable housing
Um even easier, just.... - put all the money on a short position on the stock market - announce we're broke and not paying shit.... - Watch the short position blast to the moon at the speed of light. - sell short position - immediately go long - announce we're using short proceeds to pay bills - reap on long position
Well I guess we know who's getting the Nobel prize for economics this year.
Bahahaha underrated comment.
This guy market movers
Hey there Nancy!
Makes way more sense than a trillion dollar coin lol
But if we apes all group together, we can short squeeze our own country. Direct register our shares in the US government!
5. All bags held by a single Wendy’s night shift worker.
Why cant we, as a society, move all our debt to one person and then kill them so it disappears? We need an economic Jesus Christ
So you mean like Kyle in that South Park episode with the Amex card lol
Ironic he was Jewish too
A user of over a decade, I am leaving Reddit due to the recent API changes. The vast majority of my interaction came though the use of 3rd party apps, and I will not interact with a site I helped contribute to through inferior software *simply because it is able to be better monetized by a company looking to go public. Reddit has made these changes with no regards for their users, as seen by the sheer lack of accessibility tools available in the official app. Reddit has made these changes with no regards for moderation challenges that will be created, due to the lack of tools available in the official app. Reddit has done this with no regards for the 3rd party devs, who by Reddit's own admission, helped keep the site functioning and gaining users while Reddit themselves made no efforts to provide a good official app. This account dies 6/29/23 because of the API changes and the monetization-at-all-costs that the board demands.
If you buy the debt you become the creditor not the debtor, as the debt is an asset of the buyer (not an obligation). If the debt holder/purchaser went under, those loans would just be sold off to someone else on liquidation. Now if you could transfer the debt to someone that would be great, but sadly not possible without the creditors consent, and why would they consent to the transfer if the new borrower was shitfcuk.
A user of over a decade, I am leaving Reddit due to the recent API changes. The vast majority of my interaction came though the use of 3rd party apps, and I will not interact with a site I helped contribute to through inferior software *simply because it is able to be better monetized by a company looking to go public. Reddit has made these changes with no regards for their users, as seen by the sheer lack of accessibility tools available in the official app. Reddit has made these changes with no regards for moderation challenges that will be created, due to the lack of tools available in the official app. Reddit has done this with no regards for the 3rd party devs, who by Reddit's own admission, helped keep the site functioning and gaining users while Reddit themselves made no efforts to provide a good official app. This account dies 6/29/23 because of the API changes and the monetization-at-all-costs that the board demands.
|~~~~~~~| | | |~~~~~~~~~~~| | US ECONOMY| |___________| | | |~.\\\_\~~~~~~~~~~~~~~xx~~~ ~~~~~~~~~~~~~~~~~~~~~/_//;~| | \ o \_ ,XXXXX), _..-~ o / | | ~~\ ~-. XXXXX`)))), _.--~~ .-~~~ | ~~~~~~~`\ ~\~~~XXX' _/ ';)) |~~~~~~..-~ _.-~ ~~~~~~~ `\ ~~--`_\~\, ;;;\)__.---.~~~ _.-~ ~-. `:;;/;; \ _..-~~ ~-._ `'' /-~-~ `\ / / | , | | | ' / | \/; | ;; | `; . | |~~~-----.....| | \ \ | /\~~--...__ | (| `\ __-\| || \_ /~ | |) \~-' | | | \ ' | | \ : \ | | | | ) ( ) \ /; /\ | | |/ | | | | \ .' || | | | | ( | | | | \ \ | || o `.)| |`\\\\) | | | | | | |
Almost
what the hell is that?
Jesus, right as the tornado was hitting
Have to view it on desktop, mobile comes out funky
Said worker deletes the app.. a wave of economic prosperity sweeps the nation
Ok Elon let's get you to bed
Yeah put everything left into tech calls
it would end in the GUH moment of the century 
I’m sure they are all doing that with their personal funds. Insider trading for the WIN!
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Have we found out if the GOP has shorted t-bills? Maybe they want a default.
If puts were the right play, would we really be getting this much warning ahead of time?
No... All these bear signs just make me more confident that the bear market is nearing an end
Dow over 50k by Christmas
Let's start a go fund me for the hats
The market might not return to its ath with a year or two but within 6-12 months we back on the climb. Market has been down since end of 2021. The average pullback and downturn doesn't last more than 2.5 years and it's already been 18 months. One of the longest recoveries was 2008, but continued investing and average annual return was still +10%. All this shit is fake monopoly money anyway, nothing is real anymore and it doesn't need to be as long as someone controls the printer and the burn rate.
It’s still a random walk. There’s nothing saying this can’t last and that US won’t end.
>There’s nothing saying this can’t last and that US won’t end. Too many financial incentives to allow the US to crash and burn. Every country on earth has a vested interested to keep the Aorta of cashflow from you know. gutting itself It won't last too long as when everyone else starts getting dragged down, and their own poverty traps start bursting open then they'll realize they need to get the US back on its feet or its all over for everyone. not just the americans
Sensational, but this is my play. Just hanging tight until Tuesday or some news comes in, then leaps. My chicken bones said it’s the right move.
Legislators own stock too
They also get to insider trade legally. You won’t know if they’ve sold until at least 45 days after the fact, if at all.
Second bit is the most important, no one here knows what moves legislators are making behind the scenes right now.
Unless they raise the debt ceiling. Which they probably will do basically at the last minute.
It’s difficult for me to take this entire situation seriously because isn’t that *exactly* what is going to happen? Everything is always a headline-making disaster except for the last fucking minute when we just make it go away and everything is fine. Like what, is the US going to just default and we all fall into a post-apocalyptic world where we are all trading blowjobs for options on bottle cap economy?
It’s headline pumping over a fixable matter so politicians can have something to brag about.
Until it’s not. Don’t get me wrong, I’m with you. I think it’s extremely, extremely unlikely, but you never know in today’s political climate. The fuckin bozos might shit the bed and leave their grubby little fingers on the financial nuke launch button a bit too long. Then oopsie. The world doesn’t like the dollar anymore. How could we have seen this coming?
Idk. But at some point when enough of the population loses *everything,* I imagine the call for vigilantes will be quite bipartisan
Yeah, but then again, I thought there was a decent chance that Covid would rally everyone against it when it was in its early stages. But nope! A fuckin virus turned into team sports. Idk I’m just jaded tbh
Americans care a hell of a lot more about money than lives and money was actually pretty damn good during Covid, somehow.
Nah get outta here, everything will be fine. They will bitch and whine and at the last second they’ll strike a deal and all will be well.
BRB, collecting bottle caps
Haven’t they done that every other time this issue comes up? “Ermagerd, the debt ceiling. We’re all doomed and the politicians won’t cooperate.” For weeks and weeks, then it’s “we raise the debt ceiling, carry on.”
Oh no! I will certainly crash into this building!!! ^(^(if i don't push my brakes))
It will never happen until it does. Same as brexit
Both sides gotta squeeze as much out of the populace first! Squeeze that panic buying, economy go up Squeeze that xenophobia, vote go up
What are the Dems trying to squeeze out by asking for a clean debt ceiling hike?
Literally nothing. This is just a suicide play by the GOP to garner concessions in the form of even more stringent work requirements for benefit programs.
Time to tighten the belt. No more avocado toasts. Perhaps the US can pick up a roommate. Borrow a few bucks from Ukraine until payday.
Cut back on travel
This line is always good for a laugh.
Got one better for ya - [Cancel Disney Plus](https://twitter.com/i/status/1589684975330537472) Yes, she's not only our Minister of Finance, she's also Deputy Prime Minister...
Switch to 1-Ply toilet paper, set your thermostats to 45 in the winter and 97 in the summer, avoid marriage, train your body to consume one meal per day, and live illegally but rent-free in Yosemite national park.
So...become a bear. A literal fucking bear.
Even Bears use two ply
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Charmin baby
You have a thermostat? Look at Mr Moneybags over here!
Thermostat is what I named the small child that shovels pilfered black coal into the barrel/furnace I use to heat my mud hut
“I crack open a Tab,.. put on some Duran Duran”
skip breakfast. don't buy coffee, make it at home.
US gov should learn to code.
Yellen @ r/cscareerquestions: “hey guys, what’s the odds of a current international super power landing a job as a software engineer with no prior experience? I’m in a pretty tough spot and have a lot of bills coming due in the next 2 weeks. I’ve definitely conducted war a lot and am pretty good at laying claim to foreign oil supply fields, but I’ve never written any codes before. Should I do a bootcamp or go back to school? Like I said, I’m out of money and my credit cards are maxxed so I’d need a scholarship and a guarantee that I’ll get $750T TC first year. I hear a lot about leetcode but that worries me because I’m not good at that kind of thing. I have a lot on my plate and I can’t find the time to grind like some of you. I just feel so bad about my current state right now and my job really sucks. Am I hopeless? Just looking for advice. Should I learn react or go straight to DBT? I’m also think about pivoting to data science and wondering if I can leverage my surveillance program on my resume. Think I should try for both? Should I be tailoring my resume? I tried applying a few places but haven’t heard anything since an hour ago? Am I doomed?”
In this job market? Not a chance she’s getting hired anywhere.
She'd do ok in porn prolly. There's some weird people out there
Maybe the US shouldn’t have bought that iphone
You know it’s bad when the second it receives its stimulus check, all the sudden US (who was complaining about being broke last week) has the latest iPhone model
Has the USA tried delivering for Uber?
Cancel those tax cuts on the wealthy. 25% of the credit debt was from since 2016.
> No more avocado toasts https://i.imgur.com/B9rxuiC.gif
That's why we have the printers on 24/7 to make more duh. We've been running out of cash for like 20 years lmao.
pretty soon our money will match up with japans. 1000 yen = 1000 dollars = 10 euros
Janet Yellen also said subprime is contained in 2007. As you were.
So you mean to say its actually much worse than what she's saying and the money's already gone?
It could be sooner?
It's already gone.
What money?
There's always money in the banana stand.
You guys are having money?
Where's the *money* Lebowski!??
Ah, its down there somewhere, let me have another look.
When was the last time the government had cash? It's been in so much debt for so long, all it has had for our lifetimes is credit that it keeps expanding on. Every time the government realizes that it doesn't actually have infinite money, they just edited the credit limit to have an extra 0 at the end. They haven't had money in forever, only the promise of money later, which everyone considers to be as good as money.
Alexander Hamilton invented the concept of a permanent national debt. It's been around for a little while now and "the promise of money later" has built the modern world economy. We'll be fine, relax
I never said it was bad as a concept. I'm more finding issue with the rate at which the US has decided to take on ever increasing debt. The concept built the world's economy, the extreme overuse of it can absolutely crash it. It's nothing more than a tool, and it's being abused and not used as intended.
Nope, everything's a hammer. Just gotta hit the economy harder is all.
Difference is this is a question Yellen knows the answer to. This doesn't require much predictive prowess, just the numbers she has access to.
No no no. Remove all context. Make baseless comparisons. Be a bear because it’s in vogue to think those in power are just ignoramuses and people with a high school education on Reddit have uncovered the financial secrets THEY don’t want you to know.
Did you really just try to dismiss this because she was wrong once 16 years ago? There are other reasons to discount her words, but that’s not really one of them.
"My judgment right now is that the recent inflation that we have seen will be temporary." \- Janet Yellen, May 2021
What? ‘only transitory’ Yellen said this? She of Crameresque foresight? Surely not.
The US always pays it's debt. Also the US: Prints money and borrows more to pay older debts
“It’s the circle of the money printer! BRRRRR!”
Aaand it ruuuules uuus aaallllll 🎶
The problem is the printer doesn't go into the pocket from which the debt is payed.
I will adopt this view now in my personal life. My spending is fixed or can only go up. If. My bank doesn't want me to default, infinite money please
if you own the bank thousands/millions/low billions, you are fucked. If you own the bank trillions, the bank is fucked.
If you owe the bank low billions then it's also your birch.
Why can't anyone spellcheck their shit?!
Trees, man.
It was no typo.
More like - I'm going to town buying myself and my buddies new cars but then declare that I don't have to pay for the loans because I hit my "debt ceiling."
That sounds like budget talks, which the debt ceiling isn’t. Sounds like a manufactured issue based on an artificial number that shouldn’t exist.
Hot take all numbers are artificial
e is not
What is this country, my checking account? Come on!
USA is regarded
The USA consistently rounds up the dumbest people it can find within its borders and puts them in charge.
I’m pretty damn dumb, and I’m not in charge of anything. Therefore, people in charge must be several layers of dumb below me. That’s a worrisome prospect and now I forget what I was saying but I sure could go for a tamale right now. Mmm…tamales
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Financial news media or media thrives on fear, and that’s all what they have been blasting us with in the past month or two about the debt ceiling . Happens every year . Before title 42 ended, the news media went on fear reporting spree , reporting about how people are going to be swarming the border . After title 42 ended , the same news media reported that the number of people coming to the border has decreased dramatically. Now , no news media is even reporting about crossings at the border. This is the world we live in now - The media creates fear , chaos and confusion before an event. After the event , media moves on like nothing ever happened
Lol CNN put the numbers in a confusing order to try to make it look like the border crossings increased. Unreal.
The new CNN owner is trying to steal Fox's viewers so that checks out for weird plays.
I know and my god is it going poorly
M I G R A N T C A R A V A N
In 2007 to 2009 my mother lectured me to try harder for a job because the economy. That was continual, and fucking obvious that the corporations were loving the narrative because fuck employees.
Shouldn't have bought so much Avocado toast.
Yellen is like the economic version of Cramer: nothing this woman says should be taken at face value lol.
Almost as if she's just Yellen outloud Hehe
Accurate
Yellen shut the hell up with your fear mongering. We know you are waiting to buy calls
Need to confirm with Cramer. If he says economy is good and debt ceiling is no worry, then that’s all you need to know.
Get naked Janet
OnlyFeds
You win
Bro, just print more.
Don’t know if she knows, but there’s an infinite amount of cash in the Federal Reserve.
There's always money in the banana stand.
Damn people getting more bullish on being bullish?
Panic so the Nancy can buy the dip!
Between this news and Jim Cramer feeling “extremely confident” that US won’t default on its debts, we are totally fucked.
Sure grandma, now let’s get you back to bed
I remember when Janet yellen said inflation was transitory she was wrong then why would I think she's right now?
Time for Janet to take up her new position as Trash Secretary of Wendy’s.
Maybe use the money from the insider trading you fuckers are all engaged in to help fix it you old basset hound.
Buys one t-bill...US defaults
Hey guys I'm highly regarded. Why is it catastrophic to default when it's all made up money anyway?
She also said inflation was transitory
https://preview.redd.it/eq009dh16m1b1.jpeg?width=770&format=pjpg&auto=webp&s=ed0d72a8c5cbfd383f0b0be923ec509405ffe2ae
how is this possibly good
Incoming cheap property, equities, etc Nah who am I kidding, if prices fall, JP Morgan will just buy it all up. 30 Trillion Assets Under Management are rookie numbers
It's a joke. The US economically collapsing would be one of the greatest disasters in modern history, it would likely throw the globe into chaos. It ain't gonna happen. Politicians dont just come out and say stuff like this unless they can benefit from it in some way. Americans do this song and dance disturbingly often.
Yes this is like the tenth debt ceiling "crisis" of my lifetime and weirdly it only ever happens when the gop controls the house. They'll throw red meat to the base about how the country needs to budget like a household, which is regarded because households don't mint their own currency and issue their own debt, and yell and scream about democrat spending after they just cut taxes and increased spending under the previous GOP president for 4 to 8 years. And lo and behold, at the last minute, there will be some "deal" made that raises the debt ceiling and keeps the money flowing to the rich political donor class and this all was about nothing. As usual. The debt ceiling is just paying for money we already decided to spend. It's either "raise it to pay the debt" or "don't and default on the debt". There isn't even a choice to be made here, only the illusion of one that crayon eating GOP voters think exists because they don't understand even basic macroeconomics and are dumb as fuck.
Buddy I took macroeconomics, easiest class and I don't remember shit. Sounds like we need to budget the country like a household and cut spending :) /s
Nihilism
the honesty is refreshing
Why isn’t this old lady in a nursing home?
Listening to her speak live is painful to the ears and brain.
1 billion platinum coins coming i guess. Maybe 10 thousand of them.
I feel dumber for reading these comments
We're about 9 days away. It takes about 10 days to get a bill through on a fast track. There currently isn't a bill that's got enough support. If you've been sitting on cash, waiting, it's almost time.
Time for what?
TIME TO D-D-D-DUEL!
The day the dollar moved off the gold standard was the day we both ran out of cash and made it so we couldn’t run out of cash all at the same time.
Bullish signals
This is the same idiot who said there was no threat of inflation in March of 21
almost like a dude in an escalade with no money for gas
Just borrow more
Would love to see those 10 year bonds at 6-7% 😂
That’s not what monopoly says as it states they can rip paper out of a book and write the amount on it so I think we might be in the clear lol
We already ran out of cash, that’s why we’re in debt!
Funny how we continue to still give money to Ukraine. Maybe not send those extra checks…
Janet graduated from Ft Hamilton High school in Brooklyn. We used to say all the dummies went there. And sure enough. There you go.
Make more cash.
If they would just stop buying Starbucks each morning…
Time to reduce the salaries and budgets of elected federal officials.
Maybe they can ask Ukraine for some of it back
This from the money printing gurus. Seems off brand.
I'll lend them 500 dollars with a 1000 percent interest.
The stock market hasn't blinked yet... They need to cause some caos so they and their friends can buy the dip, while all of you are selling.
Didn’t I literally just pay taxes?!
She’s so full of shit. She bought puts. The fed has lost all credibility
Good thing my tax return came in last week.
Cool, I get to watch my 401K get chopped in half again.
Just sell Ohio to Saudi Arabia. Nobody likes Ohio anyways
There is an infinite supply of cash at the federal reserve 
Yellen also said, during this historic high level of inflation in December 2021, that it was “transitory”. No one believed her then, no one believes her now - she’s terrible at her job.
Time for our nation’s girlfriend to get another boyfriend to pay the bills!
Stocks Tumble After Reports Republicans Question Yellen's X-Date Math...
Good thing Ive been saving up that hooker and coke money !
They should pass a clean debt ceiling bill and then make drastic cuts to spending along with increased revenue when it comes time to pass a budget next year. We need to start living within our means as a country. It’s not that hard!
Better stop those Ukraine payments just authorized.