Us national debt is a myth
- Thread starter pow_pow~
- Start date
theBearJew
Active member
That guy is just spitting everywhere and saying baby. Hes good.
Nathn
Active member
I haven't slept yet so pardon me if I didn't fully understand this guy
But did he honestly say we have nothing to worry about since our currency is denominated with the US dollar because we can make more money to pay it off? Did he take basic economics?
He might be right about it not effecting the interest rates as much as people claim but does this guy know inflation is a thing?
But did he honestly say we have nothing to worry about since our currency is denominated with the US dollar because we can make more money to pay it off? Did he take basic economics?
He might be right about it not effecting the interest rates as much as people claim but does this guy know inflation is a thing?
Alexander_Keith
Active member
Uh inflation??... Germany tried to do the same thing in the 1920's and folks ended up needing wheelbarrows of cash to pay for a loaf of bread.
Furthermore his point is only slightly valid as long as the world continues to adopt the USD as the commercial standard. If they keep printing money to cover debt (which they sort of are now) This will quickly change and other nations will adopt other standards. (not easy to do but its concievable)
Interesting aside: Gas and petroleum products are incredibly cheap in the USA- moreso than anywhere else in the world. This is for a related reason as the price of a barrel of oil is standardized off of the USD which the USA can freely print. If this changes and nations stop adopting this standardized price mechanism and replace it with something else the price of oil in the States will nearly double and every product based off oil or oil refining will skyrocket in cost. Imagine the cost of living then- people wil riot.
Furthermore his point is only slightly valid as long as the world continues to adopt the USD as the commercial standard. If they keep printing money to cover debt (which they sort of are now) This will quickly change and other nations will adopt other standards. (not easy to do but its concievable)
Interesting aside: Gas and petroleum products are incredibly cheap in the USA- moreso than anywhere else in the world. This is for a related reason as the price of a barrel of oil is standardized off of the USD which the USA can freely print. If this changes and nations stop adopting this standardized price mechanism and replace it with something else the price of oil in the States will nearly double and every product based off oil or oil refining will skyrocket in cost. Imagine the cost of living then- people wil riot.
Gods_Father
Active member
1. The world learns from Iceland
2. The other countries want to be like Iceland
3.????????
4. Profit
2. The other countries want to be like Iceland
3.????????
4. Profit
J_Christoph
Active member
haha you guys can discuss american debt...Im just gonna be off to the side laughing my ass off at some mad beatboxing skills
yuck
Active member
hey americans! now you can watch your country sink deeper and deeper into a big pit of hopelessness and financial despair, in REAL TIME!
http://www.usdebtclock.org/
who else is excited for the 16th trillion?
http://www.usdebtclock.org/
who else is excited for the 16th trillion?
howlongcanausern
Active member
still not as bad as the eu.
SamMcChesney
Active member
first vid sounds like the guy is having a seizure