>be China
>create global pandemic
>wait for global economy crisis
>USA gets reason for printing 'stimulus' money
>since national debt doesn't matter anyway, USA just got free money
>??????
China and USA are working together
Did China just make USA richer?
Dylan Jones
Other urls found in this thread:
Lucas Kelly
it doesnt matter until it does user
Jordan Sanders
They are all in it together
Jace Rivera
yeah totally but it doesn't though
Dominic Sanders
yeah im sure we can just pay people to sit at home and pay inefficient businesses to keep sucking and everything will be fine
Carson Sanchez
i studied economy, and i can assure you, yes everything will be fine
Cameron Gray
china just helped US in its efforts to nationalize essential private corporations and experiment with increasingly authoritarian policies in the name of public health.
Levi Hill
ITT niggers
Camden Collins
you seriously cant be this bad at economics
>print more money
>have a finite amount of assets to back the 'money'
this is called inflation, they basically made the dollar worth less, which in turn tips the scales of all the previous contractually maintained debtors/creditors.
Imagine buying a house for $200k, and halfway through repaying the mortgage the money you use is actually half the value, but your salary doesnt increase in line with this reduction in value.
You'll spend twice as long paying back the last 100k as you did the first 100k, does that sound like a situation where you get 'richer'.
Matthew Reyes
in your example, the mortgage contract stays the same. if you had 100k left to pay back, you still have 100k left. your salary reamins the same and therefore everything remains the same
Dylan Perry
except sometimes no matter how much they print it's not going to be distributed equally through the system
imagine pushing on a piece of string - thats whats happening right now
most governments and businesses across the world are still experiencing liquidity issues and having increasingly difficult time paying their dollar-denominated loans
cash is still king until recovery truly begins. This is merely the dead cat bounce. The crash in march was driven by liquidity issues it wont be fixed with just one dump
Eli Lee
where does innovation come from dipshit
Connor Wilson
'national debt doesn't matter' ... for entirely hallucinated reasons OP's decided not to share.
btw .. they don't matter because the fuckers that come to claim their money will do so over your cold dead corpse.
so of course 'debt' won't matter to you, boomer, you'll have a bullet in you and wont care fuck all.
just like all of you fuckwits think.
Brody Collins
except for the inflation, that changes year by year.
In the UK, I believe we are at 2.5% ish inflation, many salaries are frozen and dont follow this rate. However goods and services also go up with inflation.
So say you earn £1200 after taxes, you'd be looking at being £30 worse off pm as a result of this relationship.
say your food costs are £200 pm, thats £5 pm worse off you are per month due to 2.5%.
thats a net loss of £420 pa, and its just cumulative year after year.
Which, will greatly affect your overall equity when repaying a 20 year mortgage.
So your debts stay as they were, but actually you are bleeding money every single day.
Landon Ross
these days we have digital products that we can make infinite copies of, and 80% of money usually never take physical form (just a number on the screen).
might be that things doesn't work the way they used to work. as long as people outside US remain confident in the US being stable things really could be fine. If production now starts moving back inside US this will only strengthen confidence in the USD.
Brody Reed
They are not confident and any pretense otherwise is purely a hallucinatory response of drinking the kool-aid laced media frenzy and you should really consider what's going to happen within your own life time when they decide enough is enough.
Parker Rivera
i don't live in the US and i'm confident in the US.
it's not like US is the only country printing money during this crisis.
Andrew Ramirez
I kinda agree with you to an extent. I'm a britbong and I kinda hope this whole COVID19 shit really demonstrates our weakness, and how we have allowed the wealthy elite to behave totally unregulated to a point now that we are really feeling it.
We are an island nation that once boasted one of the biggest industries in the world, which we saw in infinite wisdom, to send overseas because of profit margins. Our healthcare and other national services were privatised, again in the name of profit margins, which only saw a decline in the services delivered (although costs went up).
Now a conservative gov't that has been bleeding dry the NHS for a decade has the audacity to ask those retired to return to work. Why the fuck should they after being on the receiving end of budget cuts and worse and worse working conditions under their administration?
I hope, rail and bus services become nationalised and regulated due to this crisis, and that we begin to actually produce some of our own things again like food (2/3rds come from overseas) and possible medical equipment and other industry (Jaguar and range rovers are built in poland and slovakia).
Its all just a big fucking joke really, some good should come out of this.
Sebastian Perez
buy a boat, sail to Majorca, leave them all behind..
Isaac Nelson
But there are no other World Reserve status holders printing money during this crisis. Let that sink in for a bit because equating all money printing is very much a logical fallacy here.
Easton Edwards
Where do you find this information, whether or not other countries are adding money to the circulation?
Lincoln Russell
It won’t be officially worthless until the world dumps the USD as their reserve currency. Then we are truly screwed.
Easton Campbell
streamable.com
>streamable.com
streamable.com
>streamable.com
streamable.com
>streamable.com
streamable.com
>streamable.com
streamable.com
>streamable.com
streamable.com
>streamable.com
streamable.com
>streamable.com
streamable.com
>streamable.com
streamable.com
>streamable.com
streamable.com
>streamable.com
streamable.com
>streamable.com
streamable.com
>streamable.com
Ian Thompson
White people
Aiden Thomas
Dude just go and read up on the ECB and how it's responding by purchasing bonds to the tune of 850 or so billion. How can a central bank, in a world already in total debt, come up with more money? There's nobody left to lend actual money. The only way money comes into place now is by the -World Reserve- printing it and lending it out, for interest. I might not have gotten printed today or yesterday, but ongoing soverign debt bubbling has been an issue since fovever; however there's literally nobody not in debt so where else could someone possibly be coming up with money that didn't exist yesterday?
Hunter Bell
If not even you can find a source for your claim, neither can I. You have not changed my assumption that other countries are adding new money to circulation as well.
Nathan Reyes
>Not counting the equity in your house from rising prices.
John Ortiz
>china
it was spread in international miliary games so not likely, is US or Israel you will know if the dollar dies
Logan Nelson
I don't think you understand. I'm not here to explain to you grade-school principles like the seigniorage income of a central bank.
If you don't understand, go look up a textbook on it. That is literal Central Bank SOP, to print money and purchase bonds with it, and then at some point sell the bonds.
The other nugget you'll get is that a -World Reserve Bank- will have the effects of printing -It's Own Stash- very much amplified.
Isaac Hughes
白种人 moment
Jackson Diaz
the biggest military in the world is backing the USD, as long as that's the case the USD will be worth whatever the US want