The National Debt Thread

[Speaker to Animals]

I'm a Liberal.

Sort of. Maybe not in the sense I was using.

Then you need new words.

Going by the numbers, it might be you who needs a new word.

[Kath]

A few months ago was the last chance to let it land, but they yanked the stick again. We are currently stalling before The Plunge.

I give it a month.

Haven't you been predicting doom-n-gloom arrives any day now for about six years?

[C-Mag]

Liberals are basically morons, but I am not sure what that makes the rest of us for having enfranchised them.

I'm a Liberal.

Last night Tucker Carlson questioned a Dem Strategist as to why there is no room in the Democrat Party for the likes of you Marty. You might/might not want to check it out

[SuburbanFarmer]

A few months ago was the last chance to let it land, but they yanked the stick again. We are currently stalling before The Plunge.

I give it a month.

Haven't you been predicting doom-n-gloom arrives any day now for about six years?

4 years ago I called the market crash. It could have been ended safely 4 years ago. At this point, it cannot.

The masters have decided to print until they die, and it’s far too late for “recovery”. This is the end of our financial system.

I thought it would be over around Christmas, and it nearly was. But their stupidity surpassed even my expectations. They yanked the stick straight back, and stalled the plane. Now we’re just waiting for the big one, and it’s very close.

The news is suddenly short of deficit talk, even as the interest is about to go beyond GDP. Orange monkey failed to stimulate absurd growth levels ( of course), and the chasm yawns before them.

Now we go into the final phase of capitalism. The presses are cranked to 11 all the way down, as the military preps for martial law. Meanwhile, the herd grazes peacefully in the meadow, unaware of what’s about to happen.

But yeah, brown people and stuff.

[Martin Hash]

As I keep saying, as long as production = consumption, it makes little difference if the presses are running. Unfortunately, who gets the new money DOES make a difference. If it continues to go to the 0.01% then eventually "fuck this."

[Speaker to Animals]

What do you suppose happens relative to your production = consumption formula when you debase the money supply?

[Martin Hash]

There’s already way, way more money then real things to buy. 1000 hundred-billionaires could own every single thing in the U.S.

I’ve done the “loaf of bread” and “eggs” examples several times; until there’s not enough bread or eggs, the amount of money is immaterial.

[Speaker to Animals]

You assume prices remain fixed, I think.

Most people, if you give them more money, they purchase more shit..

[Martin Hash]

As long as that shit can be elastically produced, no problem.

[Speaker to Animals]

It almost sounds like you believe the value of a product should be correlated to the costs in labor and inputs to produce it.