The US is about to default on its debt. Thanks Trump

The US is about to default on its debt. Thanks Trump.

that would be excellent. US Treasury can just launch a new domestic currency and let the international retards eat our defaults on the USD.

in the process we bankrupt the Federal Reserve and all of the owners - JP Morgan Chase, etc.

We get it. Trump is a retard and about to trigger the second great depression. How about you be useful and tell me how I can make money off this corrupt useless fuck

lol
yeah Im sure that would work great

it would work great for *us*. You'd be fucked hard, which is also fine with us.

Buy minecraft happy meal toys and flip them to zoomers on ebay

if the past is any indicator, follow him on twitter and embrace the retard economy

US Treasury can just launch a new domestic currency

bankrupt the Federal Reserve and all of the owners

What a silly idea. Perish the thought.

can a government with monetary sovereignty be forced into involuntary default

the domestic treasury currency would be something like that, yes

ask yourself: if the USA splits its currency and lets the fed reserve international USD hyperinflate what can the rest of the world do about it?

"Bond investors" are bad actors that hold US debt as leverage. There's a reason why this is happening after Trump enacted tarrifs on China.

The real problem here is that we kept the money machine printing from 08 until now. This was an inevitability.

utterly delusional

youtube.com/watch?v=je-1eTl6J0g

The US can't default. It issues the money. The real issue is that we should stop selling bonds in the first place.

In 2024 the deficit was $1.8T and the interest paid was $1.13T. Most of the deficit is interest. There is no reason to be paying interest when you issue the currency.

Considering the trainwreck that is Germany's economic management at the moment I don't think your POV has much value.

Tariff/ban minecraft from other countries if you really wanna see Americas dependents kneel.

how I can make money off this corrupt useless fuck

Be a licensed electrician, plumber, or carpenter that gives cash discounts and accepts thiings in lieu of cash.

Cooking meth and other pharmaceuticals is easy money. Bootleg hormones and blockers will be a big seller if the tariffs go through.

Just don't pay debt. What's Timmiwitz gonna do?

what can the rest of the world do about it?

Suck the iron cock and die.
GG No Re.

made in Czech Republic

kek

Will never trade with the US ever again. China will replace America

USA flag

are you confused, Schlomo?

I hope retards like you get into the government in the future holy kek

jew spook who thinks I care if he loses all of his money

that's the point, faggot.

someone nuke us, please. kikeland too if you can.

This does nothing but kill European auto makers. Why is this being reposted all day with smug retards saying "take THAT America!"

Will never trade with the US ever again. China will replace America

We will see. Not too worried about that.

if the USA splits its currency - USD hyperinflate

The Weimar Play. FedEx them pallets of cash hot off the printer while we use some Stablecoin pegged to some external value.
Gold/Silver/Copper or some such. Start dumping copper ingots and silver bars into
Fort Knox as fast as we can get them, trading our guns and LNG for metal.

Germany has half the debt the US has, Pancho
we arent close to going bancrupt and having discussions over how to screw our creditors
any other questions?

you ain't ever gonna do shit faggot. ever.

losers spam Anon Babble with their whining over Trump's victory

half this board are chinks

money printer gonna go brr...nobody actually cares about inflation

yop

and it its done on purpose

the entire trumpy play is just distraction to realize global goals kikes always were heading for

Back new currency with BTC and buy $1 trillion worth of it immediately to stabilize the price and control the asset.

someone nuke us, please. kikeland too if you can.

Espresso cat agrees. Kikes burn in nuclear fire.

The US can't default. It issues the money. All of the debt is denominated in dollars -- not "gold marks" like Weimar's was. We also don't have French and Belgian troops occupying our industrial areas and escorting production out. We're not dependent on acquiring foreign currency to service the debt.

Coal will be your leading growth industry for the next decade. Also mosque construction.

Zoom out

The USD is not a problem for us. The problem is the domestic economy. You need to shield your internal economy from the effects of hyperinflating the foreign USD in order to get out of your debt. That's why you split the currency first.

The US can't default.

Sure it can. It can just say "fuck you, US exports will now be payable with outstanding debt instruments at face value". US bag-holders can sell bills to the world - the bills come home and get burned. If you want guns or ammo - pay in something we want.

Sovreign Defaults are easy, and happen all the time. The IMF just smoothes it over.

thats funny, then how come we arent going bancrupt?

Nigger you are going to be eating rats to stay alive by 2026

You Lost
Trump won and there's nothing you can do about it

greece has better credit than usa

it makes me kek even though the EU backstops greek debt, but it's still funny

What happened in the 80s?

We are in perfect position to pull this off. The only thing the rest of the world can do about it is threaten to not sell to us (since we are clearly a bad customer). The problem is that they will all fall apart economically if that happens. They'll have to take their shit sandwich and like it.

the USA can produce 10x the amount of food it actually needs to feed itself.

there was a serious inflation problem due to OPEC raising oil price in the 70's. Look up Paul Volker.

There is no need to "get out" of the debt. You people have a fundamental misconception of what the debt is. The debt is a record of money spent into the economy by the government that has not been removed through taxation.

It's double entry book keeping. If the government creates $100 and then spends it into the economy, it has a $100 debt. If it takes back $50, it has a $50 national debt. But who has $50 savings? The private sector. It's assets and liabilities.

If you stop paying interest on the debt -- and you would need to change the laws for this to happen -- then you'll notice that the deficits get much smaller. If you're really panicky about the debt, the best way is to start running a trade surplus. But if you run a trade deficit, the government has to run a deficit because otherwise the private sector runs the deficit. Do you understand?

Remember the guy who did nothing but spam that stupid image of Trump's 4d chess theory of crashing the stock market causing a rush to treasuries and instead of a rush to treasuries we see people abandoning both stocks and treasuries

Fort Knox is empty btw retard, why do you think they promised a livestreamed video audit of it and then memoryholed it

ART OF THE DEAL BABY

I can't wait for euros to be incinerated by shitty chink evs

ah, yes
we will fall apart
Im sure you will be fine when your entire stock market implodes which is where all your private pension plans are
you stupid nigger

what we'd do is de facto default by hyperinflating the currency it's denominated in. the debt IS a problem, jewish accounting tricks notwithstanding. The country is extremely asset rich and productive however so we can afford to play this game. Preserving domestic purchasing power within our own market is as simple as launching a new currency, 1:1 transferring DOMESTIC usd assets into it, and implementing capital controls on it. Let Fed Dollar USD float, see what happens.

Good

Let the entire system crash and burn already hahahahahaha

They're not going to announce in advance what they're up to. Disinformation and misinformation to mislead people you want to mislead is a tactic as old as time. You fell for it.

This is good. I look forward to hearing the lamentations of their women.

cooking meth

You have no idea how complicated it is to do correctly, then the entire issue of actually offloading bulk drugs without getting killed, in Great Depression, mind you.

Okay, it's just not getting through to you. You don't understand.

Fort Knox is empty btw retard,

We all know this. Time to fill it up again.

All the while he is literally bragging that his billionaire friends made a killing off of idiots, inside trading. MAGAtards just keeping getting shit on and smiling like good sheep.

Mother fucker what will OUR LEADING GROWTH be with all this taxed and very few factories in the USA?!

Whores? OF? Social media? Sports? You're fucking stupid

I do understand. I think you are wrong. This is a common occurrence because all of your knowledge is beliefs you were taught and which you accepted. Those are the rules of the system you were baptized into and you cannot fathom the rules of a different system. Typical jewish mind.

about to

OH SHIT

IN
2
WEEKS
THO
RIGHT?

hahahahaha

But the current situation is not the same.
Check the debt to gdp now compared to back then.
interest rates are irrelevant when debt is low but super relevant when your indebted to your neck like now.

First thing we'll do if we go under is invade you, but for real.

And you think that literally anyone will trade in the USD OR your new domestic currency if that happens?
And what happens to your economy when your new currency is something only you use without being the world currency?

why isn't king mutt just walking this shit back his retarded followers will claim it's a win anyway so why isn't he just admitting that he fucked up?

Cant wait tilll Chinks grab the east coast after Taiwan as debt commodity.

This is it, we are witnessing this rotten empire (jewSA) breathe it's last. :D

START LEARNING CHINESE, MUTT!!

S

your economy

my economy or the jewish private equity/finance scam economy?

he unironically drops hints when to invest in crypto so you can make a shit ton of money that way

Dollars come from the government as an origin point. So the government spends first then taxes.

The only way for the private sector to have a surplus is for the government to run a deficit at some point. Or to run a trade surplus.

When you run a trade deficit and a budget surplus, you end up with the Bill Clinton economy and the dot com crash. It should be noted that the 1929 stock market crash was also precipitated by years of budget surpluses and high levels of private credit.

Currency is a tax credit. You need it to pay taxes. When the government reduces spending or raises taxes or both, the flow of tax credits is being reversed back to the origin point. So the private sector has to acquire these tax credits from previous savings or private bank credit.

The government is a currency issuer. It is a not a currency "user" like your household or business.

LoL

You won't do shit!!

Let Fed Dollar USD float, see what happens.

Fuck yes, this would be hilarious.
Well, it would be "Let the FRN float, the USD would be the 'new' currency. A US dollar is defined by the constitution, the switch would have to be done carefully - It would have to be based on the ?M3? measurement - real cash that exists. Derivatives and whatnot would stay FRN.

what will OUR LEADING GROWTH be

Guns and Food. War and Fat, that's what we do.

Damn...I kinda don't care?

The system does not tell anyone that the debt isn't what they think it is. The system parrots your view, that the debt is a monster waiting to swallow us up. Meanwhile, people like you never talk about private debt -- which is $30T and carrying much higher interest payments than government debt.

Unfortunately the US government is not the only issuer of USD.

naive and out of date

and in which currency is that debt denominated? this isn't about the governnment. If it were we wouldn't be talking about having Treasury institute its own currency.

The debt has already been paid off it's all usury interest.

Dollars come from the government as an origin point

Nope. Sorry bro, "Dollars come from the FRB as a loan, then are printed by the treasury.
You are thinking of historical printed dollars - greenbacks - from pre-1913.

Just the thought makes me erect and increased my testosterone by 15%

Redditspacer parrots r/politics crap instead of answering the question

Mutts are experiencing Trudeaunomics.

If you kill your currency, you win.

thanks a lot blumpf

Chartered commercial banks can create deposits, but the government does not need them to do it for them.

There is a very good argument to be made about the way the US creates reserves by issuing bonds, selling bonds, buying bonds, etc. and using interest rate targets to "stimulate lending". Meaning if the government is directly paying you to work for them or giving you money (like a stimulus check or tax rebate), you have to have it layered through bank credit.

But non-government created dollars are not included in the national debt. That is placed into private debt -- household and corporate.

get into the government in the future

Laughs in state senator.

Unfortunately the US government is not the only issuer of USD.

This is subtly and hilariously true.

You can't pay Lt. Shaniqua and Cpl. Martinez to do that when your country is insolvent dumbass

And your fat gravy seals ass sure aint doing shit

and in which currency is that debt denominated

The US dollar, but your bank isn't going to let you issue your own garage dollars to pay it.

If it were we wouldn't be talking about having the Treasury institute its own currency.

No, that's fine. But you would still have a debt because the Treasury in your scenario is the origin point. Do you understand what I'm saying? Money has to be left over for the private sector to generate a surplus. It could theoretically come from a trade surplus. But everything at some point has to equal out to zero. Assets and liabilities. Do you understand?

Actually an apocalyptic economic collapse like the one being hypothesized about here is exactly the sort of thing that makes countries "do shit".

What is the Euro, other than off-brand USD?

Your gun won't save you from another biological attack, mutt. XD

your bank isn't going to let you

how many divisions does this "bank" have?

im not here to answer dumb questions, mosche.

There is a legal requirement that the Treasury has to issue bonds to "cover" a deficit. In reality, this doesn't really need to happen, not from an accounting perspective. The Fed showed this during QE.

youtube.com/watch?v=pex89N9Oqog

You will not do shit. Cope and seethe and die screaming.

Huh? I don't understand.

Yeah but you are fucking cowards so...YOU WON'T DO SHIT!

Also you are no longer a "country", just a failed bankrupt economic zone. XDXDXDXDXD

Bond markets to White House: Defund Sesame Street and face consequences. Last warning.
You forgot how important Count von Count is to traders.

3 basis points! ahahahah!
4 basis points! ahahahah!
5 basis points! ahahahah!

This is what we voted for, retard...
This is one of those somethings that needs to HAPPEN.

Do you want to become Argentina lmao?

You are the one who seems incapable of understanding. I don't mind having a debt and nowhere did I state that the goal was to become debt-free. The matter is regarding who issues that debt, who that debt is paid to, and how the expansion of credit is determined.

become Argentina

We have a handful of differences that make this comparison silly.

Imagine if the Fed really did just sit there with its thumb up its ass and not cut rates.
That would be something.

Main issue is, Pedro is no longer around to help you pull that, so... Are you ready for real physical work at the farm milky?

But you would still have a debt because the Treasury in your scenario is the origin point

Nope. Not really. No debt if the paper is printed by order of the congress as codified by US law.
It's just a token, supposedly worth a weight of silver. Federal Reserve Notes come into existence when the Government borrows money from the Federal Reserve Bank.

the larger issue will be keeping Pedro outside the gates. He'll be offering to work for food and a place to camp. We'll take of your Continental friends, relax. This is mostly about fucking over the Eurofags.

The Treasury issues the debt, by law. They sell securities on the primary market. They are typically purchased by banks, pension funds, foreign governments, etc. The Fed will buy and sell securities on the secondary market to drain or increase reserves trying to hit an overnight interest rate target (the federal funds rate).

MMTfag

In Anon Babble of all places

Is your kind not yet satisfied after destroying every latin american country that adopted this pseudoscientific, delusional and utterly retarded bullshit?

Fuggg everyone here saves in USD, we gonna get raped economically again and it's not even our politicians' fault this time.

you are dumb even by conservative standards.

There is a legal requirement that the Treasury has to issue bonds to "cover" a deficit.

And this is where we get raped on a regular basis. Also where we need to start talking about telling the bag-holders to get fucked.

Maybe the Fed should do their fucking job and cut. Inflation isn't a concern.

MMT is horse shit. It only works if you control the entire global financial ecosystem. Those days are dunzo. Act accordingly.

conservative

who, me?

Bruh.
Inflation is not fun. We had one of the steongest currencies in the world before default. What followed sucked.

Liquidate everything and leave for Canada, EU, or Australia.

Okay. I think you're just not understand what double entry book keeping is or the concept of assets and liabilities. Maybe it's me. Maybe I'm not explaining it well.

The money has to come from somewhere. Right? Do we agree on that or no? If you start from literally ground zero the money has to come from somewhere. It has to. Right? I feel like this is simple.

So the treasury... creates it. Now there is money. If the government spends $100 into existence and pays people to do $100 worth of work, the private sector now has $100 surplus and the government has a $100 deficit. It MUST equal zero.

kikes.
Everything you just mentioned needs competent governance to not be gamed.

What is wrong with Canadians? How delulu do you have to be to actually think we stand a chance against even the national guard? Before they can even spray the starting fluid to get our ww2 equipment going, we’ll be wiped off the map by a Jewish space laser.

If you’re really paying attention you’d see America is currently annexing us as we speak. Why do you think carney is surging in the polls? The CIA. They’re driving a wedge between the east and west and Alberta will be gone by 2026.

America with western Canada’s resources, and a route to china through the arctic that takes half the time will usher in a new golden age.

$100 worth of work

work

that is where you have been deceived.

Venezuela's oil sector collapsed and they had no other real productive economic sector -- that's not on MMT. MMT tells you flat out that productive capacity collapsing drives hyperinflation. Argentina is an export-based economy subject to swings in commodity prices who keeps taking out dollar-denominated loans, which requires them to acquire dollars to pay. So if commodity prices dip, they don't get as many dollars and need to get more dollars so they print more pesos to buy more dollars and their creditors can see what's happening and the peso goes down.

Oh yeah we definitely can get materials for tho- oh wait tariffs.. but food! We grow a lot of food. Oh wait what? We get better food from other countries?

Maybe we can magically make America's land be able to produce produce we trade for

competent governance to not be gamed.

in fact it is only the separation of Currency and State that can accomplish that effectively. Gold served this function but we invented something much more effective.

No, same hubris about being the richest country in the world, "we are too important' and "nothing bad could happen to us" as Argies had during the Peron era. We thought we could tariff the whole world and they'd have to suck it up because we were the #1 food exporter, as well.

productive capacity collapsing drives hyperinflation

you're so close!

THE KIKES AND THE WORLD OWE US 36 TRILLION. THE FUCK YOU GONNA DO NIGGER???

So the treasury... creates it.

Not in the United States. Not how it works here.

the private sector now has $100 surplus and the government has a $100 deficit. It MUST equal zero.

Not here. 100$ deficit to the FRB, 100$ payment to the public, 100$ the .gov owes to the FRB. The Federal Reserve Bank wanting it's 100$ back with interest.

Our system creates debt slightly faster than money to pay it. That's the trap.

It only works if you control the entire global financial ecosystem.

Huh? You just need to be a monetary sovereign. You don't need to control the global financial system. What a load of nonsense. MMT is not a policy prescription. It doesn't tell anyone to do any specific policy. It just describes how money actually works.

You don't get it - USA doesn't rely on exports. We sit on the most valuable land in the world. Further, what tanked Argentina was the Peron gibs raiding of the post-WW2 excess profits. Greed is a sin.

As a brazilian I have a personal grudge against MMTfags. I would be fine with the jews having a world government of their own if it meant the death penalty to every MMTfag that walks the earth. Those niggers are actual cancer in human form, breathing abominations worse than any demon. The persecution of MMTfags should be codified into law. Send them to concentration camps and gas the fuck out of the subhuman trash.

monetary sovereign

name three

Stop being pussies. Trust the Art of the Deal.

Yeah, okay. It's just not sinking in. It is dead simple. It's just you're not getting it. Maybe it's ideological. This is accounting.

Trump has not expanded his portfolio of tactics over the 40 years since that book was written

Reminder that these are the people you are talking to when you get "redpilled".

I think their country will go bankrupt and balkanize first, simple. Worthless dollars cant pay for the upkeep of the military or pay the enlisted

who keeps taking out dollar-denominated loans

Back in the 1930s and before, Argentina borrowed everything in pesos. It was one of the 10 most traded currencies in the world, as solid as a Swiss Franc.

We lost the capacity to borrow in pesos after several defaults and money printing episodes. Foreigners stopped trusting tje currency. Then Argies did. This whole "America is a sovereign issuer so we can print however much we want" is pure hubris.

United States, United Kingdom, China, Japan, Russia, Australia, Canada, etc.

issue your own currency

tax liabilities denominated in that currency

cannot be exchanged at a fixed-rate for commodities or other currencies

no significant foreign-currency-denominated debt

lmao.

He admitted that bonds are where to hurt him; we all kinda knew that but don't just instantly cave and let the entire world know. Maybe don't start a trade war with the entire world and embargo your 2nd or 3rd biggest trading partner whose exports undergird the bottom half of your population affording things.

Art of the Deal baby!

He admitted that bonds are where to hurt him; we all kinda knew that but don't just instantly cave and let the entire world know

wait, is he a notorious liar or not?

You can still overspend even if you are issuing your own currency. MMT doesn't say you can spend without limit without consequences. It just says the your tax revenue is not the limiter on how much you can spend.

Maybe we can magically make America's land be able to produce

Well, yes. Yes we should. Cash and carry for Ag and defense. Discount if it ships in US hulls.
If we are going to be a Empire we might as well act like it, and if we are going to become Fortress America, we can play it like the Most Serene Republic of Venice. Lots of historical records of how to make that work.

based mmt retard

Based.
Fuck the FED and fuck the kikes skimming out tax dollars.

You can always print a 1 gazillion dollar bill and stilll have change left over for a few hamburgers, mutt!! XD

this was coming long before trump

this was coming long before trump

Yes, actually. Because people need to buy the new dollars the government emits and they only do that when the cashflow and liquidity of the state is not fucked up beyond all hope.

United States

Then explain VISA, or any credit card.
Bit of plastic, use it, get stuff.

Debt denominated in USD comes into existence.

Who issued that?

The guys who issue the worlds reserve currency with literal magic money computers and print unlimited bank notes featuring a pyramid with an all seeing eye on top will sometime soon go bankrupt

Alright, Sounds good Anon! Keep me posted!

Zimbabwe's agricultural production was destroyed by the land reforms -- that's why they had hyperinflation. Agriculture was their top export and how they acquired foreign reserves and it dropped by ~40-60% and they kept printing to pay the army and whoever else. But it wasn't just printing.

the real productivity of those "sovereign" countries is ultimately denominated by USD. This is because the purchasing power can only be realized by exchanging it to something that is in essence if not on its face USD. Russia is the only exception in your list. China essentially operates two currencies in the way I advocate the USA do, but in an incomplete way.

Reserve currency status is what led to real productivity being exported from the territory of the USA. There is no longer "work" being exchanged for USD most of the time, and most if it is being sent overseas. That is at the crux of the current situation.

Trump is not merely after tariffs and correction of trade balances. He's negotiating the role of the USA in the new financial system. And he has great cards.

Wheres the technical recession from Biden? You know, before they changed the qualifiers?

Yes I am familiar with MMT, they say the limit to printing is "productive capacity" or somesuch but they never define the concept. It's a crackpot theory anon. Inflation is directly correlated to money supply, Milton Friedman figured out the exact equation 50 years ago. The relationship between money supply growth and inflation is 1:1 on a long timeline.

VISA is a private company. You seem to be getting confused. Private banks can create deposits. There is private sector debt and national debt

MIGA retards really do look at Bana republics with envy don't you. Can't wait for the days of rolling black out like Cuba

Ok at first I thought this was completely schizo. Then I asked a number of robots and they all agree this is possible. This would be an amazing end to the Fed. I just hope it's not a digital mark of the beast fucking thing. Money shouldn't know care it's from or who its given too. Also that's the whitest ID I've ever seen, so I think you may be some form of angel or something.

is bankruptcy a lack of paper money or a lack of real productivity?

Good. Thanks Mr. President

wait you mean if you redefine a word it doesn't magically alter the world? jews will be very disappointed to hear this!

You're a complete idiot. Most US debt is owned domestically. A minority of it is owned by foreigners. Defaulting would be a complete disaster. Nobody, domestic or foreign, would want anything to do with your "new domestic currency," because the issuer would be a proven deadbeat. It would be worthless paper.

The notion that Trump was playing 5d Parcheesi to cause a flight from equities into bonds was laughably dumb, considering that everything they're doing makes bonds less attractive.

tariffs will cause inflation, which makes bonds unattractive because the money you'll get in the future isn't worth as much as money you have today

foreign investors buy US treasuries to keep the dollar strong, so they can more easily export here, and telling them their exports aren't welcome here reduces their desire to buy US debt

acting like an insane person who could default on his debt doesn't instill confidence in your debt instrument

The US government in now paying hundreds of billions more on its debt because the people currently in charge don't know how to fucking act.

recessions are from having a debt-based currency

Didn't Republicans literally do this last time and our credit rating went down?
Hold on...
Yeah.
en.m.wikipedia.org/wiki/2011_United_States_debt-ceiling_crisis

Good. Let the chinks babysit the jews and niggers from now. It can be the yellow man's burden

funny you mention mark of the beast - do you know the only other mentions of something being on the forehead and the hand are in the old testament describing the Law of Moses?

<<<<—The red arrow is the running tally just for the US Intragovernmental Debt. These ‘unfunded liabilities’ include Medicare (~70% of picrel) and Social Security (~25%) and Disability (~5%).
$152 TRILLION (US taxpayers paid $237 Billion in interest on this Intragovernmental Debt in FY 2024 ALONE). This is the amount that is owed out, as of today, based on what was taken in, in (mostly) payroll taxes.

THIS DOES NOT INCLUDE the ~$36 TRILLION in Marketable Debt (aka Public Issues) that the public is always bitching about (US taxpayers paid $896 B in interest on this in FY 2024 ALONE).

So, the running tally for US currency borrowed from the NOW-INSOLVENT private Federal Reserve's debt franchise is ~$187 Trillion.
$187 fucking TRILLION.

fiscaldata.treasury.gov/datasets/interest-expense-debt-outstanding/interest-expense-on-the-public-debt-outstanding#data-table

You seem to be getting confused.

Not at all. VISA has sovereign rights to create debt denominated in USD. This inflates the monetary supply. Credit card debt is a result of dollar creation.

Weird, huh.

Banks create deposits, as you say. Is not this also dollar creation? How do private enterprises creating USD factor into your take of US monetary policy.

Yeah, you're disputing the sovereign currency status on some other grounds I don't really understand. They seem to be fine points or whatever, I'll take your word for it. They just have nothing to do with what I am saying -- because all of those governments I listed meet the criteria I listed.

Reserve currency status is what led to productivity being exported

The Triffin Dilemma. Keynes proposed the bancor for that reason, but the US overruled him. But some people think being able to trade numbers on a screen in an account at the Fed for automobiles and power tools and industrial machines is a good deal. There are issues with it, though, because you can be cut off from imports. It's a balancing act.

The only thing that could save the US Dollar is impeachment or some other way of taking the gun out of grandpa's hands.

It would still be bad, but it wouldn't be Yeltsin shock therapy bad - which is what Trump has in store for us.

only the EU has shown serious interest in using diigtal currencies to control people ala WEF propaganda and paranoia. the majority of benefits of digital currency can be realized without giving that control over. Ultimately you can't enforce that control because grey market "pools" will form which increasingly take transaction liquidity because it offers the advantage of privacy to the user.

The mark of the beast is something implanted on the body. The vaxx showed that not enough Americans will take such a solution even under the heaviest of social engineering pressure. Fear not.

US Treasury can just launch a new domestic currency

US Notes

erase all debt for a restart

It has worked before.

smartest trump voter be like

Poor japcucks, left holding the bags

And now for the domino effect to follow, jewSA closing down military base after base after base after base!!

ENJOY REGAINING YOUR SOVEREIGNTY FROM THE WORLD POLICEMAN JAPAN, S KOREA, TAIWAN ETC.

CELEBRATE!!!

They're the ones selling.

(((Domestically)))

no one wants it

I want it. I want the Treasury to beam me $1k stimulus USD bucks which I can use to purchase goods like food and rent and pay taxes.

Regarding foreigners not wanting to work with the known deadbeat - what are their other options? Leverage is important, Lev.

Bankruptcy is a jewish word game to rob people blind with slight of hand.

still 1 trillion of toilet paper on hands

>erase all debt for a restart

Inflate that shit away after a real US Dollar is established. MMT fucks and kikeocrats can gnash their teeth and move to Beijing.

Yes, private credit is typically the primary driver of inflation. It always comes attached with the multiplier effect because it bears interest. But VISA has nothing to do with the national debt. Which is the context we were talking about here. The thread is about the US theoretically defaulting. Not you defaulting on your VISA card.

all dwump has to do is say da magic words and the economy is fixed!

Trumptards truly think this way

What's new is that the current people in charge of the US Government have caught on that the reserve currency is NOT GOOD for the country. It was useful for a time but those times are done. That is why it is not impossible that they are engineering a scenario that "forces" them to do what they've already figured out is the right move. This has been telegraphed in a few places by key actors...

Regarding sovereign currency it requires you to be able to set your own monetary policy. Ultimately in the world today the presence and influence of the USD prevents basically everyone from being able to do so because they have to compete against the power of the USD to successfully implement that policy. This is impossible unless you're an enormous and productive, resource-rich state. Russia did it. China can't, yet, but BRI is meant to get them there.

They should have gotten good and done what Chinks started doing in 2018, and that's selling off their worthless US paper green notes. Chinks literally saved their ¥ from being pulled under along with the toilet paper US$.

You're raging about MMT but then you're arguing for a Treasury issued currency that doesn't bear interest.

You don't seem to actually understand what you're talking about. MMT is essentially arguing that there is no reason for the central bank and the Treasury to be theoretically separate and independent institutions.

the primary driver of inflation

This is a tangent but yes, I'm aware of the law of Moses and the idea of keeping the law of God always in mind and in deed, symbolized by the forehead and right hand. Now it's possible the mark will be some form of corrupted law that needs to be followed in both thought and deed, like DEI lol. But the contextually it seems more likely to be a physical mark.

The thread is about the US theoretically defaulting.

Yes. Defaulting on sovereign debt by creating a two-tiered system, inflating it away, or halting repayment of debt instruments.
You made the post-grad post-modern argument about what is basically MMT.

be able to set your own monetary policy

Huh? Japan sets its own monetary policy. All off those countries set their own monetary policy. I think you're confusing a number of not related issues with "monetary policy" and mashing them together because you have certain ideological things that you believe, which may or may not be true but ultimately aren't what I'm talking about.

Japan had a ZIRP for like 25-30 years whatever it was because they wanted to have one. The Bank of Japan owns over 50% of the Japanese government's bonds because they want it that way. The Bank of Japan actually had negative interest rates on excess reserves for a while. They just set it where they want. They're monopolies.

But who has $50 savings? The private sector.

That would be approximately correct if you are talking about a currency that isn't the global reserve currency, but you aren't. The correct answer when talking about the USD is "other countries". That's the price you pay for being the global reserve currency. All those other countries are leeches sucking off the life blood of your currency. That's the root of the Tiffin dilemma.

murrimutt's biggest chip of bargain is a swedish invention

kek

you're arguing for a Treasury issued currency that doesn't bear interest.

Called 'money' historically. Even Marx got that part right.

MMT - central bank and the Treasury to be theoretically separate

I'm arguing the central bank, as a private institution, should not exist. Best Dakota does really well with their State Bank. Maybe we should try it at the federal level.

I'm not sure what this is trying to say. The Fed does monetary policy, not fiscal policy. The Fed doesn't determine what is in the budget.

Congress could come out tomorrow and vote on a bill to give you money and then you could spend it instead of rich people or whatever.

Japan had that policy because it was allowed to by the USA. The Plaza Accord should be an easy clue for you.

You can "set" whatever policy you like but if you are operating in an international productivity exchange environment you can't implement it if the outside world refuses to play along. Erdogan has learned that lesson over the last decade, for example.

If the government creates $100 and then spends it into the economy, it has a $100 debt.

this does not apply to our system as the Fed is private and our treasury is not creating the currency, the Fed is

Okay. When the government spends a deficit, by identity it has created reserves in that amount. So the bond sales are draining these reserves out of the system. It's a legal mechanism to "cover" the deficit.

But the only thing the Treasury accepts as payment for its debt, is its own debt in the first place (currency), it's own IOUs. So it is essentially an asset swap from non-interest bearing debt (currency) to interest bearing debt (securities).

"Cooking meth"... yes, kill the U.S. population even further just because the Democrats allow people to purchase these body destroying drugs, you Satanic dumbfuck.

Sovreign Defaults are easy, and happen all the time. The IMF just smoothes it over.

If the US defaults, its like richter 10 financial earthquake. Lots of euros, asians (japan in particular) and rich resource exporting thirdies are going to get rekt.

oh no! Are people now aware that running massive deficits while having huge trade imbalances, results in competing nations owning your currency?

it's unironically over

the dollar will likely lose reserve currency status soonish if this continues

MMT is ridiculous. After the past five years, this much should be obvious. We should be to the point that nobody listens to Keynesian bullshit anymore, but here we are

Bessent: 5d chess, negotiations, etc, etc

Trump: I was watching the bonds

debt-based central banks are going to become a thing of the past
currency issued in the form of debt, as we have today, is doomed to fail (as it is now)
once a currency is used as an investment, it is no longer useful as a currency
the treasury market globally will become meaningless
nations will begin to use their own debt-free sovereign currencies issued by their treasuries
the Fed will eventually be dissolved
the US Treasury will issue debt-free US Notes again

Currency backed by labor (productivity and services) makes a nation strong
Currency backed by debt makes a nation slaves

I'm willing to eat a few of my neighbors for the greater good. Let's do it

So the bond sales are draining these reserves out of the system

kek any new issuance is bought by the already rich, the rest of the issuance are rollovers
this is why the treasury market is so deep yet illiquid, b/c the same small pool of people hold the debt

"Cooking meth"... yes, kill the U.S. population even further

Just niggers.

allow people to purchase these body destroying drugs,

Troons and pedophiles.

Satanic dumbfuck.

On the side of the angels, anon.
Nolite arbitrari quia pacem venerim mittere in terram : non veni pacem mittere, sed gladium
10:34

Why is the NOW over $1.1 Trillion/year in interest paid on our Marketable (aka Public Issues) and Intragovernmental Debt (aka GAS treasuries) never included in the deficit?
B/c the Fed gets paid first by the IRS, as the NYFed is the US Treasury's operating fiscal agent, then what is left over from IRS tax revenues, the NYFed then deposits into the Treasury General Account (aka TGA).
IOW, the fucking interest is taken out FIRST from tax revenues by the NYFed AND IS NEVER EVEN ON THE DEFICIT CHOPPING BLOCK.

With a red sweep, we will be able to see the Federal Reserve Uniparty in full view. Constant gridlock in Congress has concealed the true power of the Federal Reserve Uniparty.
Don’t forget that the right had prior full control for at least a year under Trump and passed NOTHING in regard to the INSOLVENT, private Fed franchises that are now bankrupting the US Treasury for every last dime they can get (mostly the NYFed).

Why don't we just issue US Notes ONLY for deficit spending? US Notes BENEFIT THE CITIZENS and DO NOT ADD TO our current debt. They could also be digital, only to be used in the US. Why don’t Musk and Trump ever suggest this? This is already fucking legal.
US Notes circumvent the need to borrow our currency from the Federal Reserve, that's fucking why.
Why do ALL of the proposed solutions to our debt only include the bankrupt Federal Reserve?

US NOTES ARE NOT A NOVEL IDEA, THEY JUST DON'T BENEFIT THE FEDERAL RESERVE, WHICH IS WHY US NOTES ARE NEVER MENTIONED DESPITE BEING THE EXACT SOLUTION THAT WE NEED RIGHT FUCKING NOW

i would invest in prisons.
the first depression hit when US was majority white.
theres alot of kneenays and mexicans now

Currency backed by labor (productivity and services) makes a nation strong

Reichsmarks! Cool it with the Nazi shit anon, you will get us demonetized.

Thread from Feb 6th 2025 194 posts
archive.4plebs.org/pol/thread/496654194

200 post thread from Nov 10 2024
archive.4plebs.org/pol/thread/487963430/#q487963430

the great irony here, is the more cash the public uses, the more it forces the Fed franchises to hold the interest-free fiat as liabilities (aka CIC cash in circulation) and thus, making US taxpayers’ dollars less available to be spent paying out the liabilities of IORB to primary dealers and interest on reverse repo transactions to MMFs as seen in the top half of picrel

This is one possibility: continue to honour USD cash and domestically held bonds, but outright reneg on foreign bonds (or do so functionally by making them perpetual of something like that).

Another possibility is Trump rerunning the recent Turkish experience: get political control of the money printer and start inflating the debt away, but offer some sort of "inflation protected account" to domestic dollar holders.

In any case the dollar and US debt is the shoe to drop. Equities marks go up and down whatever, but Trump is fundamentally collapsing trust and credibility hence the dollars reserve status hence.

<<<<<---again, the great irony here, is the more cash the public uses, the more it forces the Fed franchises to hold the interest-free fiat as liabilities (aka CIC cash in circulation) and thus, making US taxpayers’ dollars less available to be spent paying out the liabilities of IORB to primary dealers and interest on reverse repo transactions to MMFs
pic definitely related
source Kupiec Jan 2024 paper

are all miggers like this?

rich resource exporting thirdies are going to get rekt.

I think that's the plan. Unpayable debt is unpayable. This is setting the stage for not just defaulting but repudiating the debt. If USAID is anything to go by most of that cash was just stolen, and the obligation to repay dumped on the citizens.

Fraud invalidates all contracts, even social ones.

No offense, but I think you're just super super confused.

All money is debt. It's double entry book keeping. Assets and liabilities.
Right.. so it's a good to ask if selling bonds, which isn't actually necessary for this process to happen, is a good policy. Since the deficit is mostly interest, maybe it's not a great policy. But it's a policy choice.

maneuver your competitors assets into Gold

switch to superior Bitcoin standard for your domestic currency

sell your enormous, now-unnecessary Gold holdings on the market, but BTC with proceeds.

The value of your competitors assets has now been reduced to their real value, addressing the ultimate problem of proper exchange pricing.

the guy trying to prevent secession is a CIAnigger but the nigger support secession is a true patriot

go fuck yourself shapiro

A reminder, Federal Reserve Notes are what are being issued to worthless oblivion and

the US dollar is a fucking UNIT

We need to AGAIN issue debt-free, Treasury-issued US Notes like we did before (and during) the bloodsucking, obsolete Federal Reserve. We need to AGAIN issue debt-free US Notes that are pegged to a basket of commonly-used weighted commodities, distributed by a series of state banks.

We can:
1 nationalize Fed banks
OR
2 dissolve Fed and have a series of state banks
OR
3 issue US Notes simultaneously AGAIN and eventually recycle worthless Federal Reserve Notes out of circulation
OR
4 YOU CAN RIGHT NOW: use cash/barter/stack/use credit unions/use cold wallets, these five things IMMEDIATELY transfer power directly to the people

USE CASH, NO MATTER WHAT COUNTRY YOU ARE IN, cash IMMEDIATELY puts the power in the hands of the people.

Real paper cash:

is permissionless

is private

is anonymous

has no transaction fees

works in power outages

doesn’t need the internet

don't need to be a coder to use it

doesn't depend on another party having a device

everyone knows exactly how much they have

has no transaction limits or thresholds for reporting

money laundering is harder with physical cash, due to transport

is inclusive, it does not see race

is harder to use in ransoms

can’t be hacked

don’t need to remember a password to use it

IS the ultimate in payment platforms

using cash helps people to save money and budget

puts the power directly in the hands of the people

keeps the currency near the REAL goods and services

less paperwork

is face to face, not face to screen

makes government theft harder

Boycott businesses that do not take cash.
NEVER USE YOUR PHONE TO PAY.
Barter is the real torpedo to these fucking clowns.

the government has to run a deficit because otherwise the private sector runs the deficit

The massive deficit is a signal of too much wealth created in the public sector. This wealth is not distributed in a sustainable way. Someone will have to lose their surplus and tariffs and new trade deals can help make it foreigners.

The US is about to default on its debt

People have literally been saying this since the Clinton era it's not going to happen it won't happen any economist who says it will is a retard

I might actually witness the SVIX (inverse VIX ETF) get liquidated, holy shit.

fait accompli. the question is do you take action to set the new terms in your favor while you still can or wait for the vultures to decide?

Trump's first government ran an experiment on US notes with the 2020 stimulus...

Pretty sure that was intentional and resulted in the current status of the bond market

move domestically-held bonds to the new denomination, leave foreign on USD. let USD operate on international productivity instead of domestic US productivity. See who wins.

very nice gif. excellent

no I'm not confused at all

First:
US Gold Notes and US Silver Notes are interest-free, metals-backed, NON-fiat notes that could be issued by the US Treasury TODAY.
US Notes are interest-free, fiat notes that could be issued by the US Treasury TODAY, they can also be metals-backed and were intended to be used as a tool for the citizens to trade.
Federal Reserve Notes are DEBT-BASED, fiat notes issued out of thin air by the privately-incorporated, now-BANKRUPT Federal Reserve 12 regional franchises and are currently also bankrupting the US Treasury.

All of the above are ALL DENOMINATED IN US DOLLARS (aka $US), which is a fucking UNIT.

And secondly, there are FOUR ways currency is created in the US:
1 Congressionally-approved Public Issues treasuries for deficit spending via the issuance of marketable US treasuries sold by the NYFed’s primary dealers aka Debt Held by the Public (now ~$35 T)
2 Intragovernmental Debt GAS securities (aka ‘Unfunded Liabilities’) that are created/issued for currency to run public agencies (over $152 T now) and ARE PURCHASED WITH YOUR PAYROLL TAXES
3 The commercial tier 2 depository banking sector, it makes small loans in which only the interest remains in the banking system after the loan is paid back (the principal and repayments are destroyed when the loan is repaid) —this can remain when the Fed is dissolved
4 QE, this is fucking counterfeiting by the now-insolvent NYFed's primary dealers since 2008 via IOER (now called IORB) and we pay all sorts of interest on this, increasing every day with raising rates

yes. the national symbol of America is a predatory bird.

are all [Americans] like this?

That's one of the nice ones. Must be a Midwesterner. If Southerners were calling the shots we'd just invade you and steal your stuff, then welcome you as states 51 through 65.

Fraud invalidates all contracts, even social ones.

ding ding ding

Trump's first government ran an experiment on US notes with the 2020 stimulus...

no, those were issued under marketable debt by congress

TDS

You can measure how successful president trump is being by the number of mentally ill OP posts screeching that he’s finished.

The government is the one who can sustainably run the deficit. I think I'm going to give up because conceptually it's just not sinking in what I'm trying to say. To me it seems really logical, but obviously it's not clicking for you guys.

But yes, a trade surplus is an end run around this "problem".

sad but true.

china will replace the US.

as the world's nanny, maybe.

All money is debt.

This is where you are fucking wrong, anon.
Money is a commodity, with intrinsic value.
Currency is just pretty paper.
The Federal Reserve Note is a debt instrument.

Get your fucking definitions right. God, how can fucks like you be so fucking stupid.

"Bond investors" are bad actors that hold US debt as leverage.

can you prove this in a measurable and verifiable way?

Trump is the bad actor, you filthy kike

Fuck you jidf whore.

I have no idea why you are talking about gold and silver -- nobody is going back to metal standards.

But gold and silver money doesn't change the asset and liabilities. If you hold currency convertible into gold that is your asset and the government's liability. I think you're confusing interest with debt.

US credit unions and community banks (which are regulated outside the Fed and insured by their own pool) are the real economic engines of the local economies and are greater in number (5,000, not counting branches) than bank holding companies under the Fed (4,000 and getting fucking smaller every day as the NYFed’s primary dealers acquire the other bank holding companies and regional banks pic related kek)
If the Federal Reserve Note does crash, Americans can then move to the credit unions, community banks, etc, and we can then issue debt-free US Notes again for commerce, as they were intended to be. These credit unions and community banks also don't hold all the shit MBS and CRE debt, they are much more solvent.

God damnit I wish I was a woman so I could have sex with Trump.

I think you're confusing interest with debt

oh no
i know what the debt is
i also know the interest we pay on which debt, as well
i think you are talking out your ass

Sir, I already have an erection; this is pointless.

Money is a commodity, with intrinsic value.

No it isn't. Money is a creature of the state, a tool to direct real resources. Germany, Japan, China, etc. No gold involved.

Take a close look at how the funds were issued

We voted exactly for this

now you just really proved you are talking out your ass

It's double entry book keeping. I do not know what to tell you, man. It's a very simple concept. It's accounting.

No, but some of us, myself included, would be perfectly happy if every non American just died tomorrow; or if we put a giant dome over America that no one could get through.

I don’t not even have an inkling of how it might feel to imagine giving a single, small shit about any of you. Seriously, no clue.

Now pretend I’m the bad guy and you’ve always loved America.

do enlighten me

Explain the significance of this. Are they raising the interest rate for bonds because they want more people to buy them? Why do that now, I was under the impression that people agreed that the US would never really fully pay out all of its bondholders ever.

i never said anything about that

perhaps they want certain people to unload them for something else.

Such as?

Are they raising the interest rate for bonds because they want more people to buy them?

no
the supply is too high and the bids are low, which increases the yield

where do asians usually flee for safety?

Buy Treasuries before the Fed steps in and buys them all up, slowing supply and crashing yields.

Germany has half the debt the US has

Holy fuck euroids, I thought we were fucked but WHAT?

This is like some homeless person talking to a wealthy man who is a million dollars in debt bragging they are only 500,000 in debt

You keep saying money isn't debt -- but it is. It's double entry book keeping.

[Currency] is a creature of the state

Definitions, asshole. Old Zimbabwe 10 dollar bills are worthless. It's state currency. Rhodesian one ounce silver coins are still spendable, money.

Get it?

Minimum prices

lol China was selling BETTER EV's than Tesla FOR A LOSS. So this would actually HELP the Chinese companies, and guess what. They are BETTER than Teslas and they recetnly were winning safety awards in their classes.
You cant stop total Chinese dominance.

strongly implies that China's currency was undervalued in order to support their exports...

that would be excellent. US Treasury can just launch a new domestic currency and let the international retards eat our defaults on the USD.

my only concern is conversion from federal reserve notes into what?
and what conversion ratio?
and if its not gold or gold-basketed (eg this much gold or this much uranium, etc) then whatever new currency will be fake and gay or 100% spying.

Do you think anon is 80?

Social security is a myth. It’s unfunded. I hold no delusions of ever seeing a dime, and have not for decades. Hell, I’ll call it lucky if my mom dies before they turn the spigot off.

yeah Im sure that would work great

this system only works
because everyone pretending to work for fake food in a polluted world believes their fake jewish fiat will buy more time in this hell to eat, sleep, have good bro times and have good sex times , and in this shithole simulation, bro times and nice sex times are too few and far between.
fuck the jews
fuck this crooked jewish system.
none of it matters unless the jews can be run out of this place - and i mean simulation earth.

You keep saying money isn't debt --

I said national currency shouldn't be created by a debt-based central bank
you're the one talking in circles on a subject you are obviously not versed in
i think you are confusing the BROKE 12 Fed regional branches with tier 2 depository banks

in practice it used to be digital-native. a major reason countries want this is because it makes capital controls feasible. importantly it lets you know how much is going in and out very quickly, so you can loosen or tighten as needed.

1:1 conversion, people will riot otherwise.

the only logical backing is bitcoin.

Yes, if the state dissolves that's different. But it can work in the other direction as well. A little know aspect to the Glorious Revolution was that James was demanding taxes be paid in coin (gold/silver) instead of tally sticks because he had mercenaries to pay and they needed "international money" (gold).

show him this, maybe this will help explain it to him

all governments find a way to issue retirement pensions. the alternative is worse than the cost.

The government is the one who can sustainably run the deficit

Ok, but indefinitely? Just continue to print? Accept hyperinflation? This system is not sustainable.

I’m long on precious metals. Based DA/SA Chad.

I said national currency shouldn't be created by a debt-based central bank

But all money being created is debt. It doesn't matter if the central bank does it or the treasury does it. But at creation this money is not interest bearing, it's just a debt. Someone's asset and another's liability. The bond issuance process is where the interest comes in through the asset swap.

the only logical backing is bitcoin.

yeah, bitcoin - works great when the internet is off or with lost keys - another great feature (((they))) know every wallet id out there and nothing is anonymous and transacting is stupid expensive and everything is being moved off chain just like now with credit cards because working on chain fucking sucks.
so fucking tired of shitcoin and its faggot derivatives.

Yes, one dollar buys a lot less, but all the dollars buy a lot more. You don't actually want money to be scarce.

But all money being created is debt.

no it isn't
not when it comes to a sovereign government issuing its own currency for its citizens to use for trade, like it was intended
money can be created without debt

Wasn’t this the plan?

your glib replies only illustrate your lack of substantive information

the instant transferability of digital currencies is a massive advantage. very little activity stays on chain and most spending will be done in other currencies - bitcoin is just the ledger to compare them all against. most of this system is already functionally in place. when you put your money in a Chase bank account it's being moved "off chain" into a pool. how well that pool's individual transactions can be traced varies. the Treasury doesn't care about when and where you buy coffee, it wants aggregate data.

Bitcoins advantage is that it has a fixed and known supply. If it existed thousands of years ago humans would have never used Gold for this function.

Yes, if the state dissolves that's different.

Kek. Not really. The US is still around and I've got more than a few pre-1964 silver dollars lying around. 3 of them would buy me a gallon of gas at Face Value, but a coin shop would give me 50 cent over spot. 90$ give or take. 30 gallons after conversion. That would make coinage not debt instrument, but a appreciating asset denominated in USD. How the fuck does that work, Mr. Debt is Money?

pic rel is the plan now

don't care

gold is 3,215 now.
and physical gold in quantity with high quality mint direct sealed tube stuff like picrel is even more.
dont think for a minute if you dont have physical possession of high quality gold in sealed tubes the jews will fuck you
fake buillion, tungsten plugs, etc.
careful out there.
getting the real stuff is getting harder by the day.

if the times are ending
lead >>>>>>>>> gold >>>>>>> everything else.

Ok, but indefinitely?

Yes.

Just continue to print?

Well why not? The majority of the deficit is interest on the debt. If they weren't paying the interest, the deficit would be much smaller.

Accept hyperinflation?

It's actually very hard to hyperinflate your currency. Japan had ZIRP for 25+ years, ran bigger deficits than we did even with a huge trade surplus, has debt-to-GDP like 260% and has trouble inflating their currency.

The problem is you guys think government debt is like your household debt.

when the shit hits the fan this time
who else can possibly be blamed but the fucking jews?
they have no out.

i really like the copper bars too for smaller transactions
keep on stacking!

the instant transferability of digital currencies is a massive advantage.

not really.
the jews use velocity to play shell games with money.
the stock market was much better when stocks had to physically be traded in person by hand
this high speed low latency trading just made hundreds of trillions of fake shit appear.
gold is better in every way to satan buttcoin.

smaller transactions

if things end, smaller transactions will be exchanges in bullets.

You are clearly unaware of how much money is spent on payment processing

no it isn't

Yes, it is.

not when it comes to a sovereign government issuing its own currency for its citizens to trade

Yes, it is! The government creates it and it becomes your asset, their liability. They create $100 and they spend $100 into the economy. This is dead simple -- they have a $100 debt, you have a $100 surplus. 100 + (-100) = 0. It's double entry book keeping.

If they take it all back in taxes, so they no longer have a debt, you no longer have a surplus. What they don't take back in taxation is the "debt". It's double entry book keeping. Assets and liabilities.

you and your 24/7 power and 100% uptime internet.
how cute.
especially during future wars.
its going work great.
you promised.

we will all be ok

Money is often falsely equated with productivity, intelligence, class, success, integrity, and/or good taste.
If you equate success with money, you will likely be perpetually dissatisfied, in a constant state of longing.

But if you VALUE THINGS WHICH CANNOT BE BOUGHT, such as:
community
family
work ethic
intellect
fitness
perseverance
cleanliness
honesty
integrity
compassion
tradition
loyalty
reliability
patience
humor
If you value the above, you will always be content and successful, no matter where you are or what you do.
Judge yourself by deed, not possession.

Money does not make food.
Labor, Seeds, Land, Air, Sun, and Water make food— we have ALL of these things WITHOUT fucking money. If you remove JUST ONE of these items, YOU WILL NOT HAVE FUCKING FOOD.
MONEY DOES NOTHING BUT ACT AS A QUANTIFIER FOR FUCKING TRADE.
We cannot have unearned income AT THE EXPENSE OF earned income. Finance must be the servant of production, not its master.

oh, i know those fuckers well.
those people need to be dragged out and shot.
local banks and wire transfers and credit cards/charge cards were fine.
those payment processor fuckasses cost money, give no protections, and are pure scum.

It's actually very hard to hyperinflate your currency.

It's $15 for a meal st McDonald's

digitize the currency and they all go out of business

But if you VALUE THINGS WHICH CANNOT BE BOUGHT, such as:

community

family

work ethic

intellect

fitness

perseverance

cleanliness

honesty

integrity

compassion

tradition

loyalty

reliability

patience

humor

If you value the above, you will always be content and successful, no matter where you are or what you do.

Judge yourself by deed, not possession.

this is what separates us from the jews.
agreed on this.
family work ethic
honor
truth
loyalty

sure jan. its the magic silver bullet.
or the ultimate trap.
shitcoin isnt anonymous.
it will be 100% jewish panopticon if bitcoin "wins"

Yeah, it's still not hyperinflation. In America it's also tough to discern what is natural inflation and what is price gouging.

If they take it all back in taxes, so they no longer have a debt,

this is just getting more ridiculous by the second
all you are doing is proving that a debt-based currency is doomed to fail
you need to read this post

digitize the currency

kek

at happens to your economy when your new currency is something only you use without being the world currency?

Stability and prosperity.

I don't need to read anything from you. I am explaining it as simply as I can and just have no idea what you're not getting.

The debt is a record of money the government has spent into the economy that it has not removed through taxation. You don't need to pay it.

>It's actually very hard to hyperinflate your currency.

Now this is a troll-post.

natural inflation

There should be no inflation. Innovation and competition should lower prices. Creating more debt - ie public wealth- is diluting purchasing power.

you have no point
just irrelevant details of the current Fed con

Cool

MMT

You don't need to pay it.

lol
holy shit
you may want to tell that to the IRS
this is what I mean by glib, unsubstantiated. nonsensical, replies

There should be no inflation.

Okay. Just an unserious gold bug. If we went back in time 120 years you'd be killing Bryan for wanting bi-metallism.

The debt is a record of money the government has spent into the economy that it has not removed through taxation.

MMT, the brand new thing from the people who brought you Modern Monetary Mechanics.

Holy based
Holy cringe
Is “miggers” a forced meme used exclus by retarded Leafs? Sad!

Wow checked.

The debt can be rolled over indefinitely. Or you can run a trade surplus and work it that way. But most of the deficit is just interest -- so if they stop the bond selling process and just "print", they wouldn't have much of a deficit.

and just "print", they wouldn't have much of a deficit.

The Central Bank of Zimbabwe would like to have a word.

Australia

fuck off cunt

If we went back in time 120 years you'd be killing Bryan for wanting bi-metallism.

Calling him a coward for not going the copper/silver/gold route. Tri-metallism.
With every paper note issued tied to physical holdings to prevent runaway printing.

If you want to print, circulate bonds as currency, be honest about peddling debt as legal tender.

NEW THREAD

your terms are acceptable

If you're printing, the point is you're not doing bond sales. You're dispensing with the current self-imposed legal mechanism that deficits be "covered" by issuing bonds.

Argentina, Zimbabwe, Venezuela, Brazil, all worked under this premise at some point or another. It destroyed every single one of these countries. Are MMTfags immune to empirical evidence or what?

Argentina has consistently had foreign-denominated debt, Zimbabwe's agricultural sector collapsed. MMT is just explaining how money works. It is descriptive, not prescriptive.