Correct me if I'm wrong but didn't the US govt just give wall street 1.5 trillion last week?
And now they want to do another 1 trillion bailout for the states and trumpbux?
Where the hell are they getting all of this money?
1 trillion is a lot of money. that is 1000 billion dollars. why do we still have shit covered streets with homeless people running around everywhere if we already have all of this money? why is there trash everywhere? why do we have potholes and falling bridges everywhere?
>Where are they getting all of this money from?
Really makes you thing eh
machine goes
brrrrrrrrrrrrrrrrrrrrrrrrrr
They are using the secret and advanced ancient art of printing coins. Thereby paying for things with inflation.
we print the money
we are allowed to print as much money as we want because the US Dollar is the world's reserve currency. we enforce this by telling other nations to trade in only dollars, therefore at any given point in time it doesnt matter how many dollars are out there because everyone is handing them around. if they refuse us, then the USA typically threatens them via treaties, sanctions, embargos -- if that fails we do CIA spook stuff -- if that fails then we eventually have to go war with them to force them to use our dollar.
Debt isn't real when you can make people/nations your bitch and work at a loss
great so we get $1000 and the price for a gallon of milk goes up to $15? wtf are we canada now?
>Where are they getting all of this money from?
The printers, duh.
They go 'brrr'
They print it out of thin air user. It's been going on since 1913. You just learning about this now? The real question is why have we been slaving to pay taxes then.
Yes
>A trillion is 1000 billion
Mfw: zoomers are so accustomed to retardation they feel a need to explain numbers
wait so if they can just make money then why do we have to pay taxes then?
They have money printers pal.
Buy BTC, XMR and DCR they are going to explode because of USD inflation.
>Where the hell are they getting all of this money?
Don't you mean - Cui bono?
This brief but informative interview explains to you how quantitative easing works:
MONEY
PRINTER
GO
BRRRRRRRRRRRRRRRRR
Simple answer is they issue treasury bonds and people, here and abroad, buy them with money. The government promises to pay them back, with interest.
So the US government in the future will be putting (even) more of its budget towards servicing that debt instead of paying for programs and other things.
>Where the hell are they getting all of this money?
They just created it out of nowhere. The whole point of fiat currency as opposed to the gold standard is that under a fiat currency system, the government has however much money it says it has.
>why do we still have shit covered streets with homeless people running around everywhere if we already have all of this money? why is there trash everywhere? why do we have potholes and falling bridges everywhere
Because (((someone))) wants you to be stuck living like that.
This.
uk is doing the same thing though. This is some serious bullshit. It's almost as though they don't expect the currency to last long enough to ever pay it back,
RETARD
they took it from you and now are giving back some tiny part of it
It's a called a printer
They collected 4 trillion in revenue last year
Plus, we have the worlds biggest military, come collect gooks.
Its technically a loan. The money is just printed, the bankers must still pay it back.
A very good question indeed, and why the government goes to great lengths to create the illusion that they aren't just printing money.
The purpose of taxes is to control the monetary supply and limit your buying power.
CHECKS IN THE MAIL!
We're just slaves of the system.
>Where the hell are they getting all of this money?
Ignore all idiots in this thread, here is the real answer.
They are getting this money from the future. Yep. They are literally stealing it from the people that isn't even born yet, that will have to pay this debt in their life times.
/thread
Someone needs to read about the Federal Reserve system.
these fucking memes are great m8 is this what Yas Forums does all day? i need to go over there and check them out.
>Where the hell are they getting all of this money?
Remember those zoomers who wanted everyone over the age of 25 to die?
hheeeeahahahahahahaahahaha
Not this money. It is printed and loaned. It must still be paid back. This operation does not involve new government debt.
All currency is fiat, even gold. It's a Judaic replacement of the natural barter system. Gives them the leverage to control the herd resources.
>Where the hell are they getting all of this money?
Thin air
Based as fuck
yes, other nations can print money to a certain degree without causing much inflation. this is the crux of theoretical monetary policy since inception. you sacrifice some in the short run for the long run.
the USA can just print **more** because we are the reserve currency. petrol, raw minerals, food etc. are all tied to the US dollar. we can literally print 8 trillion (which we did during Operation Twist) without the world batting an eye.
i love this meme.
Teoretically to balance the budget and slow inflation down.
It can teoretically work, but only with extreme fiscal responsibility.
Spoilers: it don't work, and minarchism is the answer.
Omigod that's some funny shit lmao
How is national debt real? Hahahahahahahaha How The Fuck Is National Debt Real Hahahaha Nigga Just Print More Dollars Like Nigga Printer Goes Brrrrrrrrr
The federal reserve just prints money whenever (((they))) feel like it. The federal reserve has been printing our money ever since 1913 and that's why $100 back in the 1950s could buy you a lot more shit than $100 could today
Change it to mr merchants smiling while they crank
US government and Federal Reserve are separate, they have no control over each other... we can’t even audit the Fed
Bankers don't have to pay shit back. They print it and loan it out. And they keep the interest it earns even though the money never existed until they printed it.
Stop obfuscating. The scam is simple.
Lol the goku got me
Its credit. The ancients used credit before gold. They took merchandise and left a debt note, they would sell and get notes. All the notes would be taken to a temple and "cleared", people would owe money to the temple or the temple would owe to them.
>why is there trash everywhere? why do we have potholes and falling bridges everywhere?
Because money doesn't pick up trash, people do.
Based summary of US thuggery
concise
:^)
Boy you do realize they're pumping 1 trillion dollars A DAY now in the stock market?
twitter.com
This and the fed's zero reserve requirement make me convinced the $ will face hyperinflation.
Thats just so vague. Bankers cant print money, only the central bank can.
>taxing people through inflation instead of taxes
Also:
youtu.be
Taxing you gives them money from the existing supply. Printing it gives them money while increasing the supply. More money = money itself being worth less - supply & demand. And printing it means they don’t need to get permission or compliance, and you don’t get as pissed off because you don’t understand, evident by the question, that both come at your expense. Either way it has the same effect - wealth transfers to special people and you and I feel a strange and increasingly painful sensation in our assholes. It’s basically “legal” counterfeiting. It’s diabolical fraud and theft. Spread the word. Hang them all.
Whats the interest on 1 trillion?
The central banks (which is itself a privately owned bank) set reserve requirements, and their member banks can create money out of thin air based on that, it's called fractional Reserve banking.
>This and the fed's zero reserve requirement make me convinced the $ will face hyperinflation.
The weimar republic wasn't the world's reserve currency so I'm not sure exactly what's going to happen right now. I do know for a fact that faith in the US economy is going straight through the floor since no amount of lies can cover the open fact that everything is shut down for months. The stock market is shitting blood and dying that's for sure but I don't know about the US dollar itself
Then only people who save money would actually pay taxes.
The Fed just creates it out of thin air which decreases the value if each dollar. Inflation pandemic incoming soon
>so I'm not sure exactly what's going to happen right now.
A depression to make the Great Depression look like a joke.
Inflation is inflation, the fact that there is high global demand for the dollar simply slows down the rate of inflation growth, it does not stop it (see. how much value the dollar as lost since the 1960s for example.)
And also there is a negative impact as well, it means if us currency ever does enter an irreversible stage of hyperinflation. It means the currency would crash particularly hard as people world over dump it taking out one of the artificial legs which prop it up.
the 1.5$ trillion was offered for repo, not all was accepted. Jesus the meme about 1.5T just “printed” and out into circulation is getting old. Read a book
Shhhhhhhhhhhhhhhhhh...ekels
Not the worst idea. It means everyone pays the same rate essentially, even rich people.
(For the record, there's the answer as to why we don't do it. Inflation has a much worse effect on those owning debts than those incurring them).
>Correct me if I'm wrong but didn't the US govt just give wall street 1.5 trillion last week?
they authorized $1.5t in repo contracts to primary members (big banks and funds), those are short term loans, not just blank checks. They get paid back every 2-4 weeks.
290 billion foreskins
Stop your word salad. Its like you are just itching to type these terms. Look, the central bank can print money. Only the central bank. Commercial banks like wells fargo or Goldman sachs cannot print money. Only the FED in the US or the central bank in other countries. The FED has 12 branches but these are still "the FED". This is not obfuscation, its as clear as it can possibly be. The FED prints money because the government can do whatever it wants. It has nothing to do with fractional reserve banking. Ctrl-c goes brrr, nothing complex about that
NORMIES GET OUT
seriously. they're short term loans that mostly get repaid every 2 weeks, sometimes 4. it's not like a blank check. If I got paid $1 every time I've linked retards on FB to the fed's press release explaining repo contracts, I could qualify for a repo contract
Checked
Shutup serf pay your taxes
You aren’t wrong. It’s by design. Your only hedge against inflation is consumption.
So they can take our cash as collateral to borrow more money from the fed then the pentagon takes that borrowed money and pumps it in the military to cook up another bullshit war to steal resources from another country and use the money made from those resources to buy up even more debt from the fed. the government wouldn't have to even do this if the banks that work under the fed didn't allow so much money to be borrowed in the first place causing crashes and housing bubbles to burst.
Just keep paying your taxes good little serfs.
We were already headed for a recession but now its going to be nuclear. I'm not sure if crypto is going to be useful for the new depression era economy but there will probably be a full blown civil war over this shit once all the creature comforts are gone and everybody only has hating each other even more as a pass time. I think the 2020 election will probably be the last US election for a while
Even Rome suffered from the ills of currency inflation during the crisis of the third century. And they were literally the only government with a bureaucracy on currency on their continent.
If they could not simply inflate their way to wealth via creating more currency I'm not sure how you think America can. The USA currency will absolutely shit the bed in the 3-15 years assuming there isn't some massive gains in productivity brought upon by some unforeseen tech revolution.
>Give people and corporations free money
>Wonder why everything is shitty
thin air
the people who get it win
everyone else loses
It's the opposite, they are leeching the people's and business money. while hoarding it and giving the people debt with interest which must be paid back with your own taxes.
they prob expect most the old boomers, fatties, and sickly poorfags to be dead soon so that will free up a lot of money from medicare, medicaid, welfare, and social security leeches. better to give that $$$ back to the young and healthy to start rebuilding economy and society
I'll post a non-meme reply. Look into Modern Monetary Theory. There's a good Vox article about it if you just search for it. The very very short answer is that taxes remove money from the economy which helps control inflation. The US can print as much money as it wants, or go into as much debt/deficit as it wants. This is really important: a country that controls its own currency CAN NEVER be insolvent. It's literally impossible. So we need to offset that money printing, and hence taxes as well as other fiscal policies to do it. This is the basics of MMT but it's NOT how most economists think about monetary theory, which is why you always hear people asking "how you gonna pay for it" when it comes to fiscal policy.
Poignant
Lol fuck off you no fun faggot nigger
The Fed isn't the US government. It's a club of bankers who set the rules for other bankers.
They're sorta like the Elector Counts of Finance
Is the government a big pump and dump scam?
>US govt just give
>US govt
uhh user, u mean the Federal Reserve? lol