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Bullboard - Stock Discussion Forum HIVE Digital Technologies Ltd V.HIVE

Alternate Symbol(s):  HIVE

Technology Software - Application Blockchain
HIVE Digital Technologies Ltd. is a Canada-based cryptocurrency mining company that focus on sustainable green energy. The Company is engaged in building a bridge between the digital currency and blockchain sector and traditional capital markets. It owns and operates predominantly green energy powered data center facilities in Canada, Sweden, and Iceland. It also owns hard assets such as data... see more

TSXV:HIVE - Post Discussion

HIVE Digital Technologies Ltd > 33 Trillion in US debt
View:
Post by checkup on Nov 03, 2023 11:15pm

33 Trillion in US debt

I asked ChatGPT how long it would take the US government to pay back 33 Trillion of its debt.

This is the answer:

According to a report by Business Insider, the US government has a debt of over 33 trillion dollars 12. The interest rate on this debt is currently 5% 1.
 
To calculate the time it would take to pay back this debt, we need to know the amount of money that the US government can allocate towards paying off the debt. 
 
Assuming that the US government can allocate $1 billion per day towards paying off the debt, it would take approximately 90,411 years to pay off the entire debt 2.

Please note that this is a rough estimate and does not take into account factors such as inflation, changes in interest rates, and other economic factors that could impact the repayment of the debt.
Comment by joeblows on Nov 04, 2023 2:02am
This post has been removed in accordance with Community Policy
Comment by ggrellette on Nov 08, 2023 3:28pm
NO GOV'T can repay their debt and the USA will not be able either but will continue to create the illussion it can. Why would they do that because otherwise the US dollar will be under severe pressure as the reserve currency. Once the world comes to realization the US dollar will tank and then finally GOLD goes north very quickly. Sadly Bitcoin will NOT take over as the world currency because ...more  
HIVE Digital Technologies Ltd
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