RUSSIA DEFAULTS ON DEBT

[evince]

No.

Russians do.
Who said the dollar is stable?

The bank that lent russia money

 

[evince]

And I dont believe you are a Florida Fan. One is as meaningless as the other.

This country has been spending WAY TOO MUCH money for generations. Not a dem/GOP thing, they all do it.

DJT did not spend us into spiraling inflation, Pedo Joe did.
DJT did not inspire war in Ukraine, Pedo Joe did.

Then move to a nation that never takes on debt idiot

 

[evince]

yes.

Link

 

[Celticguy]

So is Putin using the they and them in place of him now?

try again in english

 

[evince]

Never a borrower nor a lender be. -- Benjamin "yoda" Franklin

He wasn’t talking about a nation


And that was a time people could be self sufficient

 

[Into the Night]

we are within sight of not being able to print enough money to sustain the house of cards.

They can print as much money as they want. There is no limit.

The Fed has no choice but to up the rates are quickly as well as to sell off its 6 trillion balance sheet. There is nobody left to buy that 6 trillion. That be a problem.

The Oligarchy debt is currently 30 trillion, or about 125% of the GDP. They can print as many dollars as they want (the 6 trillion you speak of was printed, not borrowed). This is indeed the chosen path for the government.

It will be a cash crash, not a debt crash.

 

[Into the Night]

S&P says they have.

They are not the world. False authority fallacy.

 

[Into the Night]

but it was considered a gold backed currency for nations.

the dollar started as a hard currency. it went bad when it went fiat. and the fed and stuff.

the creature from jekyll island.

If you couldn't redeem your gold, the gold certificate was not a gold certificate. It was fiat money.

 

[evince]

try again in english

It has to do with trans peoples identification

Some use them and they

 

[American Man]

The U.S. has not defaulted on any of its debts.

Technically, the entire globe is in debt. We use debt as leverage to create wealth from air. We print money from nothing and borrow it against our own debt.

I won't go into the economics of it here, but basically, thanks to fractional reserve banking, America and the world would collapse if we ever eliminated our debt. The more debt we have, the richer we are. Someone will always have to suffer to keep the system afloat, but that's where we're at.

 

[Into the Night]

it's corporatism, not one specific corporation.

you're strawmanning.

dismissed.

Semantics fallacy. Inversion fallacy. No argument presented.

 

[Celticguy]

They can print as much money as they want. There is no limit.

The Oligarchy debt is currently 30 trillion, or about 125% of the GDP. They can print as many dollars as they want (the 6 trillion you speak of was printed, not borrowed). This is indeed the chosen path for the government.

It will be a cash crash, not a debt crash.

Zimbabwe tried that, didnt work out very well.

 

[Celticguy]

It has to do with trans peoples identification

Some use them and they

still makes no sense in relation to this thread but thanks for the clarification.

 

[Into the Night]

Never a borrower nor a lender be. -- Benjamin "yoda" Franklin

Ben Franklin isn't Shakespeare. Ben Franklin never created this quote. It's from Shakespeare's play Hamlet. It is spoken by Polonius to his son Laertes, who is leaving for the University of Paris. Polonius is referring to borrowing from friends or loaning to friends. He also describes why this type of lending and borrowing among friends is a bad idea.

Note the work is a piece of fiction.

If you're gonna quote, at least quote the right source.

 

[Into the Night]

Technically, the entire globe is in debt.

To who?

We use debt as leverage to create wealth from air.

Debt is not wealth.

We print money from nothing and borrow it against our own debt.

Printing money is not borrowing money.

I won't go into the economics of it here,

You are not talking about economics. You aren't even making sense.

but basically, thanks to fractional reserve banking, America and the world would collapse if we ever eliminated our debt.

No. Debt is not wealth. Neither is money.

The more debt we have, the richer we are.

Explain this to someone in bankruptcy because of too much debt. Yes...governments can become bankrupt as well. Do you know what the word 'insolvency' means?

 

[Into the Night]

Did you ever complain when Donald Trump ran up the largest 4 year deficit in our history????

He didn't. Congress did. Democrats.

 

[Into the Night]

And I dont believe you are a Florida Fan. One is as meaningless as the other.

This country has been spending WAY TOO MUCH money for generations. Not a dem/GOP thing, they all do it.

DJT did not spend us into spiraling inflation, Pedo Joe did.
DJT did not inspire war in Ukraine, Pedo Joe did.

No. Congress did. Pedo Joe just encouraged it.

 

[zymurgy]

Ben Franklin isn't Shakespeare. Ben Franklin never created this quote. It's from Shakespeare's play Hamlet. It is spoken by Polonius to his son Laertes, who is leaving for the University of Paris. Polonius is referring to borrowing from friends or loaning to friends. He also describes why this type of lending and borrowing among friends is a bad idea.

Note the work is a piece of fiction.

If you're gonna quote, at least quote the right source.

you don't have to be the creator of the quote to use the quote

Franklin was known to repeat that quote - so putting quotations around his exact words was perfectly cromulent

so go fuck your high horse, then get down from it.

 

[Into the Night]

Zimbabwe tried that, didnt work out very well.

Zimbabwe suffered a cash crash. The Oligarchy will also suffer a cash crash which will affect the States as well. It will be like Zimbabwe. People will simply abandon the currency and use something else for currency. Those caught unprepared or are dependent on the government will suffer the most.

I've already said this. You seem to think I'm saying the opposite.

Whether it's a tax crash, a debt crash, or a cash crash, the result is the same: misery.

The Oligarchy is chosen to go the way of a cash crash. It's only a matter of time now. It cannot be stopped. The Oligarchy has no power to stop it.

 

[Monad Portal]

Ben Franklin isn't Shakespeare. Ben Franklin never created this quote. It's from Shakespeare's play Hamlet. It is spoken by Polonius to his son Laertes, who is leaving for the University of Paris. Polonius is referring to borrowing from friends or loaning to friends. He also describes why this type of lending and borrowing among friends is a bad idea.

Note the work is a piece of fiction.

If you're gonna quote, at least quote the right source.

it's wise regardless...

dont's trust bankers. when will we learn?