Tax billionaires and corporations properly and they can fix the debt in 5 years.
Can do it it in 2 years if they stop all military bullshit
I've always kinda felt that a Venezuelan/Zimbabwean type currency crash has always been the end goal when it comes to US debt.
Borrow more money than exists many times over.
Spend the money
Devalue the underlying currency of the debt to effectively zero
Fuck over millions upon millions of people
But hey, the spending was, in the end, all free!
I dont think they've had that kind of foresight tbh. The goal is to make lots of money and kick the can of being fiscally responsible down the road to the next administration.
If a global USD is devalued that far, its not just bad for America.
Worst part is, we all participate so we are the enabler. There are alternatives but people have mostly rejected as media told them it is bad.
Propaganda works
It really does including on myself if I am not super diligent and aware. It is exhausting but is our reality.
Why default on loans when you can just get moar loans?!?!?
US Politicians talking about the debt ceiling
I mean that's not what happened in Venezuela at all but ok...
I mean, I was more looking for examples of currencies that had crashed to near zero than the specific driving forces behind the illustrations, but ok.
Yeah but you literally stated the reasons why...
we will end up at “end game scenario” we saw in X by these hypothetical steps, which are different steps to X but the same “end game scenario”
This isn’t a conceptually difficult hypothetical to follow.
Don't you understand? Every casual comment made in passing online needs to have been put through rigorous academic peer review and include citations on international economies and the mechanics of global currency exchanges, or the commenter must face complete social ridicule and ostracization. /s
Tax billionaires and corporations properly and they can fix the debt in 5 years.
Can do it it in 2 years if they stop all military bullshit
I've always kinda felt that a Venezuelan/Zimbabwean type currency crash has always been the end goal when it comes to US debt.
Borrow more money than exists many times over.
Spend the money
Devalue the underlying currency of the debt to effectively zero
Fuck over millions upon millions of people
But hey, the spending was, in the end, all free!
I dont think they've had that kind of foresight tbh. The goal is to make lots of money and kick the can of being fiscally responsible down the road to the next administration.
If a global USD is devalued that far, its not just bad for America.
Worst part is, we all participate so we are the enabler. There are alternatives but people have mostly rejected as media told them it is bad.
Propaganda works
It really does including on myself if I am not super diligent and aware. It is exhausting but is our reality.
Why default on loans when you can just get moar loans?!?!?
I mean that's not what happened in Venezuela at all but ok...
I mean, I was more looking for examples of currencies that had crashed to near zero than the specific driving forces behind the illustrations, but ok.
Yeah but you literally stated the reasons why...
This isn’t a conceptually difficult hypothetical to follow.
Don't you understand? Every casual comment made in passing online needs to have been put through rigorous academic peer review and include citations on international economies and the mechanics of global currency exchanges, or the commenter must face complete social ridicule and ostracization. /s
Have the Pentagon pass a fucking audit and withold money if they don't and is fixed in a year.
Failing five in a row is not a joke. Just tell this to your friends when they come talking about Trump and don't see the big picture.
I'll eat my shoe if they do this with war breaking out in the middle east