SunshineGirl · 36-40, F
A government is not a business and cannot go bankrupt. The notion is absurd as it is the government that issues currency and regulates its supply through monetary policy. Public welfare is not a "Ponzi scheme", it is a binding social contract that can only be ended by the public who voted for it. And despite the emotive rhetoric, many members of the American public are more than capable of supporting higher tax burden. It is simply a matter of directing higher taxes to those best equipped to bear them.
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swirlie · 31-35, F
@SunshineGirl
Lots of defensive rhetoric you offered in response to my own post SunshineGirl, but you failed to actually state your point. What IS your point?
Lots of defensive rhetoric you offered in response to my own post SunshineGirl, but you failed to actually state your point. What IS your point?
SunshineGirl · 36-40, F
@swirlie Read my original post in this thread.
swirlie · 31-35, F
@SunshineGirl
I did... and I totally disagree with your perception in that post.
I did... and I totally disagree with your perception in that post.
ArishMell · 70-79, M
Oh the irony.
I have seen now quite a number of these upstart "news", or rather "views", videos mostly by small independent companaies, and they are all of low production quality and questionable purpose. The first of these though, giving Chris Hedges' opinions on his own country, is a bit better but...
Who made it and and why?
The text undermines its own credibility by occasional bad language; but similarly, who wrote it, and why?
A tiny detail on the interview video's front page reveals all: funded by the government of the People's Republic of China. I suspect similarly with the text.
The irony is that it describes the United States of America as "imperialist" - well, yes I would agree and that brief clip of President Trump announcing he wants Cuba insuch an aggressive way, sums it up. As Mr. Hedges says, Trumpp lays bare US imperialism.
However, this material is funded by Chian that is itself at least as imperilaist, if not more.
True, less by land and sea seizures than by political and economic control, but imperialists nonetheless. For example, Hedges says the USA tried to take control of Chile for its copper reserves. China now holds most of the world's reserves of the ore; and copper is perhaps second to iron in being the world's most valuable (not expensive, Cu is much costlier than Fe, but valuable) elemental metal. ]
The text is also deeply ironical.
On one hand it implicitly promotes the hard Right-Wing idea popular in America that a nation should not provide health and welfare services for its citizens, that people should sink or swim by their own poverty or wealth.
Yet it accompanies a video by CGTN America, which admits being a tool of the People's Republic of China.
The irony? China is left-wing; though to the extreme. Nations to the left of hard-Right America; from the lightly-socialist democracies around Europe to the extremism of Communist China, do indeed provide such services. (China also uses them as a tool of control - but such abuse is not socialism.)
The PRC calls the USA "imperialist" (I agree!); yet is exactly imperialist herself.
Not by blundering around hurling high-explosives at people, which is the only way America seems to know; and only partly by land-seizure (Tibet) and seizing nearby islands to extend her territorial waters. China's main methods world-wide are by far stealthier political and economic means.
Really, the whole posts suggests having been made by or for the Beijing government.
I have seen now quite a number of these upstart "news", or rather "views", videos mostly by small independent companaies, and they are all of low production quality and questionable purpose. The first of these though, giving Chris Hedges' opinions on his own country, is a bit better but...
Who made it and and why?
The text undermines its own credibility by occasional bad language; but similarly, who wrote it, and why?
A tiny detail on the interview video's front page reveals all: funded by the government of the People's Republic of China. I suspect similarly with the text.
The irony is that it describes the United States of America as "imperialist" - well, yes I would agree and that brief clip of President Trump announcing he wants Cuba insuch an aggressive way, sums it up. As Mr. Hedges says, Trumpp lays bare US imperialism.
However, this material is funded by Chian that is itself at least as imperilaist, if not more.
True, less by land and sea seizures than by political and economic control, but imperialists nonetheless. For example, Hedges says the USA tried to take control of Chile for its copper reserves. China now holds most of the world's reserves of the ore; and copper is perhaps second to iron in being the world's most valuable (not expensive, Cu is much costlier than Fe, but valuable) elemental metal. ]
The text is also deeply ironical.
On one hand it implicitly promotes the hard Right-Wing idea popular in America that a nation should not provide health and welfare services for its citizens, that people should sink or swim by their own poverty or wealth.
Yet it accompanies a video by CGTN America, which admits being a tool of the People's Republic of China.
The irony? China is left-wing; though to the extreme. Nations to the left of hard-Right America; from the lightly-socialist democracies around Europe to the extremism of Communist China, do indeed provide such services. (China also uses them as a tool of control - but such abuse is not socialism.)
The PRC calls the USA "imperialist" (I agree!); yet is exactly imperialist herself.
Not by blundering around hurling high-explosives at people, which is the only way America seems to know; and only partly by land-seizure (Tibet) and seizing nearby islands to extend her territorial waters. China's main methods world-wide are by far stealthier political and economic means.
Really, the whole posts suggests having been made by or for the Beijing government.
SumKindaMunster · 56-60, M
@ArishMell That's partially my point. This isn't a surprise, and it isn't new. So why should this be the moment that brings it all down, when the financial crises of 2020, 2008, 2001, and 1991 didn't?
ArishMell · 70-79, M
@SumKindaMunster It likely depended on enough people with the skill to prevent the situation going that far. We might ask if so, why did they let it happen, but I think many such crashes come rapidly and with little warning, stirred up by very many money-trader spivs around the world all acting in one go in a very short time.
sunsporter1649 · 70-79, M
Roundandroundwego · 61-69
Khenpal1 · M
The Problem: The government's total debt reaches a point where interest payments consume over 30% of all tax revenues.The Event: To keep paying this interest, the government must issue trillions of dollars in new government bonds every single month.The Breakdown: Private buyers, pension funds, and foreign central banks stop showing up to buy these bonds. They realize the government can never realistically pay them back with valuable currency.
The Problem: The government faces an immediate cash crunch to pay its soldiers, fund entitlements, and cover bond interest.The Event: The Central Bank is forced to step in as the "buyer of last resort." It creates new digital money out of thin air to purchase the government's unsold bonds.The Breakdown: This floods the global financial system with massive amounts of new currency while the actual economic output (goods and services) stays exactly the same.
The Problem: Foreign nations hold trillions of dollars in their central bank reserves. They see the currency losing value daily.The Event: Major trading blocs officially announce they will accept other currencies or hard assets (like gold) for oil, microchips, and manufactured goods.The Breakdown: Trillions of physical and digital dollars held overseas are no longer needed globally. Foreign banks begin dumping these dollars back into the domestic economy, creating a massive tidal wave of returning currency.
The Problem: Citizens and businesses realize that holding cash is a losing strategy because prices are jumping every week.The Event: People stop saving money. The moment they get paid, they immediately spend their currency on tangible physical goods.The Breakdown: The "velocity of money"—how fast cash changes hands—skyrockets. Even if the central bank stops printing, the sheer speed at which people try to get rid of cash causes prices to balloon.Capital Controls and Black Markets
(The Climax)The Problem: The government tries to halt the crash by passing emergency laws.The Event: Rulers implement capital controls, limiting how much cash citizens can withdraw from banks or move out of the country. They may ban the purchase of foreign currencies or precious metals.The Breakdown: Trust in the official banking system completely breaks down. A thriving black market emerges where real goods are traded exclusively using alternative assets, leaving the official currency functionally useless.
The Problem: The government faces an immediate cash crunch to pay its soldiers, fund entitlements, and cover bond interest.The Event: The Central Bank is forced to step in as the "buyer of last resort." It creates new digital money out of thin air to purchase the government's unsold bonds.The Breakdown: This floods the global financial system with massive amounts of new currency while the actual economic output (goods and services) stays exactly the same.
The Problem: Foreign nations hold trillions of dollars in their central bank reserves. They see the currency losing value daily.The Event: Major trading blocs officially announce they will accept other currencies or hard assets (like gold) for oil, microchips, and manufactured goods.The Breakdown: Trillions of physical and digital dollars held overseas are no longer needed globally. Foreign banks begin dumping these dollars back into the domestic economy, creating a massive tidal wave of returning currency.
The Problem: Citizens and businesses realize that holding cash is a losing strategy because prices are jumping every week.The Event: People stop saving money. The moment they get paid, they immediately spend their currency on tangible physical goods.The Breakdown: The "velocity of money"—how fast cash changes hands—skyrockets. Even if the central bank stops printing, the sheer speed at which people try to get rid of cash causes prices to balloon.Capital Controls and Black Markets
(The Climax)The Problem: The government tries to halt the crash by passing emergency laws.The Event: Rulers implement capital controls, limiting how much cash citizens can withdraw from banks or move out of the country. They may ban the purchase of foreign currencies or precious metals.The Breakdown: Trust in the official banking system completely breaks down. A thriving black market emerges where real goods are traded exclusively using alternative assets, leaving the official currency functionally useless.
jehova · 36-40, M
The. Outlook is bleak. Best to aim for self reliance food water shelter. Stop foreign entanglements cease funding other countries’ wars. Set a retirement age for political office and enforce it. Offshore retirement platforms agricultural production paired with desalination. Simple solutions. Build up not out
MrBrownstone · 46-50, M
Planned to introduce CBDC and digital ID.
Prison1203 · 61-69, M
Everyone is saying this is Trumps fault but let’s see, hasn’t Biden been in office the last four years and we are still working under his budget as of today since last year
jehova · 36-40, M
@Prison1203 Bush started it?! Congress really. And Biden inherited what happened in Trumps first term?
sunsporter1649 · 70-79, M
jehova · 36-40, M
@sunsporter1649 hey I’m not making excuses only observations and asking questions.
