Nuke Russia

ttystikk

Well-Known Member
Regular dollars backed by a Gold Standard are not debt. American dollars backed by literally nothing, are most certainly debt. You cannot create profit out of thin air, and that is what the FED has been doing since the early 1900's. Fiat Currency is inherently criminal.

Inflation, Hyperinflation, " Quantatative easing", All mean the same thing: The Federal Reserve has printed more dollars than the United States has money to back it. That most definitely means as long as we are in debt, every dollar printed is a dollar of debt.
Modern Monetary Theory showed otherwise.

I can send you some links for more in depth reading, but 'the deficit' isn't a problem as long as it doesn't lead to inflation. Unfortunately, despite the best efforts of the Feed and others trying to hold down inflation (by suppressing wages, for example), it has grown anyway. They've changed the formulas about calculating inflation to hide the facts, just like they manipulated official unemployment numbers to do the same thing.

It's time to stop listening to the clowns and start doing some reading and listening to economists. I did and what I found was that most economists are much farther to the Left than most people would suspect.
 

trippnface

Well-Known Member
I can send you some links for more in depth reading, but 'the deficit' isn't a problem as long as it doesn't lead to inflation.
I'm down to check it out, but how is that not a ridiculous statement?

Our deficit is our biggest problem, and it leads directly to inflation.
 

Unclebaldrick

Well-Known Member
I'm down to check it out, but how is that not a ridiculous statement?

Our deficit is our biggest problem, and it leads directly to inflation.
Actually, Tty is technically correct. Not in today's real world though as we have nowhere near the growth in economy or productivity to sustain it.
 

Unclebaldrick

Well-Known Member
On top of that, it deprives us of fiscal policy options if the economy turned down. The Republicans have fucked us and somebody after Trump will have to clean it up. That is the Donald Trump mode and modus.
 
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