“The greedheads are killing us all with glee, so it is best to be greedy yourself.”
I hear what you are saying but keep in mind if this is your line of thought you have very little credibility when you condemn people who are flouting COVID restrictions, lockdowns or recommendations.
1ub2run wrote:
It's the short term vs long term.
This society doesn't care about anyone except themselves.
We have structured our finance such that it's the next generation that gets hit, not us. So, we don't care.
This.
It's the same approach we have to the environment of course.
Fecking boomers.
energeticlotuseater wrote:
“The greedheads are killing us all with glee, so it is best to be greedy yourself.”
I hear what you are saying but keep in mind if this is your line of thought you have very little credibility when you condemn people who are flouting COVID restrictions, lockdowns or recommendations.
I don't condemn them at all. I hope that they kill each other off with their ignorant trailer park ways. That just leaves more for me. The economy was shattered and civil liberties were killed off in the past four years, the planet was permanently damaged. It's going to be bad luck for anyone to be around in 30 or 40 years because of what a bunch of greedy old men did to us. They got to live the high life with no regard to future people. The rest of us better live it up now because there ain't gonna be much of an after now. Forget about your kids and others' kids because they are doomed.
My guess is Americans are more concerned about the integrity of our vote. That needs to get sorted first, and then the debt.
merica wrote:
Also, I'm completely in favor of hauling a bunch of guillotines into Wall Street, DC, Orange County, Dallas, Palm Beach, etc. and getting to work dispatching those most responsible for the mess. It won't fix the problem, but it will make us all feel a lot better for a little while.
The people most responsible are the ones in the red states who keep electing financial irresponsible people to office because they like getting money from the government. Bunch of free loaders.....
adsfdasfasfsafadfa wrote:
merica wrote:
Also, I'm completely in favor of hauling a bunch of guillotines into Wall Street, DC, Orange County, Dallas, Palm Beach, etc. and getting to work dispatching those most responsible for the mess. It won't fix the problem, but it will make us all feel a lot better for a little while.
The people most responsible are the ones in the red states who keep electing financial irresponsible people to office because they like getting money from the government. Bunch of free loaders.....
Thus Dallas, Palm Beach, the red as hell Orange County, the red as hell Senate, the red as hell Wall Street. You'll never meet a more hypocritical freeloader than a red state rancher or farmer - unless it is a so called opponent of big government who has been part of big government and leeching off the big government gravy train for their entire life (Cruz, Moscow McConnell, Rand Paul, Hatch, Rubio, Leningrad Lindsey Graham).
X-Runner wrote:
Pick a specific item you have issue with.
That post describes what it appears like to many people: borrowing against future tax revenues.
But people also think the gold standard could be revived.
Government Debt, as I mentioned in a previous post, is to prevent hyper-inflation as occurred in Germany in the early 1920s.
For thousands of years, Governments issue money.
When sovereigns were short of coin of the realm--more taxes. Think of Richard the Lionhearted, who said he would have sold London if he could find a buyer.
Goldsmiths noticed that only a small portion of people's savings of gold were demanded by check.
Goldsmiths lent out some of the remainder.
As captured in the 1934 film The House of Rothschild, wealthy men lent money to governments for war. They expected to get repaid by increased taxes and whatever spoils. Therefore, the sovereign was no longer sharing the spoils with nobility, but with bankers.
Disconnect the money from the gold standard and bankers control the money supply.
But if the government still issues money, then hyper-inflation can result and bankers suffer.
1920s Germany was a classic example, but in the new millennium Zimbabwe has faced this crisis twice.
Having bankers issue money--such as a federal reserve note--makes the government pay for currency, instead of government printing money. This innovation was from JD Rockefeller Sr. in the US, and the Rothschilds in Europe.
Therefore, the government debt is a promise to 'reduce the money supply' in the future.
This is supposed to impact on the psychology of the public, so that hyper-inflation doesn't wipe-out bankers' profits.
It's all smoke-and-mirrors, like The Wonderful Wizard of Oz (Baum's book on money supply and gold, as gold is abbreviated 'oz').