The National Debt... Pfft.

[CaptUSA]

This is the latest crap being peddled by our pious planners:



It's hard to believe they crammed so many half-truths and fallacies into 22 minutes, but they did it. Posted yesterday and already viewed 2.7 million times.

It's pretty sick when you have Hollywood production programming the minds of the uneducated into their own demise.

 

[TheTexan]

I think as long as the debt continues to double at a consistent rate then everything is fine. The important thing is consistency.

A trillion sounds like a lot today, but 20 years from now it really won't be that much.

 

[TheTexan]

@ 11:45 "absolutely massive tax cut"

It was like 0.5% LOL OMG SO BIG

 

[CaptUSA]

@ 11:45 "absolutely massive tax cut"

It was like 0.5% LOL OMG SO BIG

It would literally take days to contradict every BS claim in that video, which I think is part of the point. The biggest problem is that they get much of their claims right. Especially, when he points out the hypocrisy of Republicans. What they're hiding is that this is a government problem and not a left/right problem.

 

[TheTexan]

It would literally take days to contradict every BS claim in that video, which I think is part of the point. The biggest problem is that they get much of their claims right. Especially, when he points out the hypocrisy of Republicans. What they're hiding is that this is a government problem and not a left/right problem.

Well we did hit 100% GDP in debt and no crisis happened.

Let's aim for 200% GDP as next milestone, should be fine probably

 

[CaptUSA]

Well we did hit 100% GDP in debt and no crisis happened.

Let's aim for 200% GDP as next milestone, should be fine probably

It's funny what being the reserve currency of the world and a massive military will do for you. There is really no limit - until all of a sudden, there is.

 

[acptulsa]

I think as long as the debt continues to double at a consistent rate then everything is fine. The important thing is consistency.

A trillion sounds like a lot today, but 20 years from now it really won't be that much.

It might still buy a loaf of bread.

 

[ClaytonB]

It might still buy a loaf of bread.

Caption: "Honey, I'm going down to 7-11 to get a pack of smokes, be right back..."

(PS: Once hyper-inflation begins, people will stop caring about anti-smoking virtue-signaling...)

 

[Brian4Liberty]

This is the latest crap being peddled by our pious planners:



It's hard to believe they crammed so many half-truths and fallacies into 22 minutes, but they did it. Posted yesterday and already viewed 2.7 million times.

It's pretty sick when you have Hollywood production programming the minds of the uneducated into their own demise.

They are reaching new lows. Who ever imagined that The Ministry of Truth would have such slick production. They try hard to make it entertaining.

 

[CaptUSA]

They are reaching new lows. Who ever imagined that The Ministry of Truth would have such slick production. They try hard to make it entertaining.

Even harder to believe that the Ministry of Truth has a loyal following whose minds cannot be unfucked. Not only do they love what they're hearing, they'll pay for it and share it to their other mindless minions. The only reason I share it here is as a testimony to what we're up against.

BTW, this is why you can't allow Republicans to forget the debt when they're in power. That whole Trump episode did us no favors. It might have felt good to some for a minute, but the damage should be unmistakable by now.

 

[Anti Federalist]

I got this covered...drinks are on me.

 

[Brian4Liberty]

Nancy Pelosi is in charge of the money supply now...

 

[Anti Globalist]

Surprised John Oliver is even on the air still.

 

[Krugminator2]

John Oliver is horrible and dishonest and this piece is no different with his smears against Cruz and Mick Mulvaney. That said....

Debt and deficits can influence inflation, but ultimately monetary policy entirely determines inflation. Japan had deflation running the biggest deficits in world history because money was extremely tight.

The problem with government spending is it consumes resources and changes incentives and slows long term growth. But the current big spending probably isn't going to end in calamity. It is far more likely to end in a period of perpetually slow growth with high interest rates and high taxes.

 

[Pauls' Revere]

It's funny what being the reserve currency of the world and a massive military will do for you. There is really no limit - until all of a sudden, there is.

^^^this^^^

Yes, the M.I.C. is there to create the demand for the Dollars. As long as there is demand for these dollars there will be an endless supply. However, now China has the digital Yuan to break away from the Dollar hegemony so if other nations start to demand digital Yuan instead then the Dollar is threatened and demand for it wanes and you know the rest.

 

[ClaytonB]

 

[ClaytonB]

 

[Joe McCarthy]

The attack is coming from all sides, economic, political and the streets. The FED is buying 120 billion in bonds every month right now to keep this sinking boat afloat, they will have to buy even more with the lunatics running the country now. There will be a massive crash coming and a reset, I don't see any other way out. The Fed had said in its policy meeting that it would continue to buy $120 billion in bonds each month until the economy made 'substantial further progress' toward the Fed's goals of maximum employment and stable 2% inflation.

https://www.dailyherald.com/article/20210114/business/301149911/

 

[luctor-et-emergo]

I think as long as the debt continues to double at a consistent rate then everything is fine. The important thing is consistency.

A trillion sounds like a lot today, but 20 years from now it really won't be that much.

Worst thing about your comments is; It's the actual reality that we live in.

 

[luctor-et-emergo]

I got this covered...drinks are on me.

Funniest thing here is, they actually had a Reserve Bank that must have employed actual bankers, people with an education and since it's in banking I'm quite sure they would have heard about the 1930's. But they ended up signing 100T$ bills.
Seriously. The one upside is, their salary most likely was also paid in this worthless currency...