Budget Deficits by Fiscal Year, Comparing Trump to Democrats

@Roundandroundwego Go back to Stormfront, I think you missed a few videos.

@LeopoldBloom fiction is your world,, I guess. Enjoy. We're okay with you completely gone upstairs.

@Roundandroundwego Coming from a tankie you, that's a compliment.

@LeopoldBloom OK. Now we are getting somewhere. You dont limit the supply of wealth. Just the amount that can be held as free cash.. You can still buy shares in companies. Their wealth will be in inventory and intellectual property and the can issue dividends. Even call for loans. All these things are still possible, because there is value to back them. Lets try another example.. Parker Bros who make the game Monopoly issue shares and pay a dividend. Thats fine. But Parker Bros cant run the presses for a month printing monopoly money and pay their staff with it, and buy raw materials with it, because it has no intrinsic value..As long as value exists everything is fine, granted there is always a difference in valuation between a place where an input is cheaper than more expensive. But thats how trade works even now..😷

@whowasthatmaskedman I think everyone is aware that money is a shared fiction, and it only has value as long as people believe it does.

I'm not sure how you can limit the amount of cash unless you pass a law against it. When investors move more of their money into cash, it takes it out of circulation. This is also why the easiest way to give the economy a temporary boost is to send cash to working people, who immediately spend it.

@LeopoldBloom OK. Now we are comparing apples with apples. You get that no nation just printing money can go on doing so in the long term. Inflation and even hyperinflation occur. At this point it gets really complex, because you are comparing Western style Capitalist "free markets" with centralised economies. So how efficiently and quickly they can react, plus how accountable they are to the people, makes it impossible to push the point much further. Of course you can in theory.. But economic theory disappears the moment you add people... 😷

@dale74 All you need to do is run a search, on the topic, in a specific time frame. That'll give some of the real time context that's influencing where were are today.

@dale74

It's because DemonRats don't know what they're doing. They don't know how the government actually works and just throw anyone at problems who are basically unqualified.

@PatKirby trust me I used to work at a government agency there were so many online masters degrees bachelor's degrees and associate degrees from schools I'd never even heard of and I'm sorry you can never convince me that an online degree is as good as a brick and mortar degree

@whowasthatmaskedman This could potentially be a really, really bad thing for a WHOLE lot of people. And I'm not sure that's of major importance to everyone sitting at the table.

@Ynotisay I know it will mean a global recession on its own if the default sticks..And thats the good news. For America and those deeply invested it will lower them on the global trade foodchains, being stuck with devalued $US. And for America itself. At best they will be a middle trading power. At worst it will be a fire sale of assets. I have a vision of Supercarriers and Nuclear subs with "for sale" signs on them. I dont want to think what the right wing and Trumpists with do with that..😷