Will America Go Communist?

[sparky]

You're blaming capitalism for things it isn't responsible for.

It's responsible for QE4, QE3, QE2, QE1

and if you didn't hear me that's .......

QE4, QE3, QE2, QE1

~S~

Wrong. The government is responsible for that. Real money is gold.

what rock are you living under?

We left the gold standard in the Nixon administration

Quantitative easing is private industry literally walking into our (read-tax dollars) treasury, and walking off with whatever they wish

why? , because we have a failing economy, failing fiat system

along with a bumbling billionaire potus patting hiself on the back for a 'great economy' with his cheerleading contingency who THINKS 'real money is gold'

~S~

 

[bripat9643]

You're blaming capitalism for things it isn't responsible for.

It's responsible for QE4, QE3, QE2, QE1

and if you didn't hear me that's .......

QE4, QE3, QE2, QE1

~S~

Wrong. The government is responsible for that. Real money is gold.

what rock are you living under?

We left the gold standard in the Nixon administration

Quantitative easing is private industry literally walking into our (read-tax dollars) treasury, and walking off with whatever they wish

why? , because we have a failing economy, failing fiat system

along with a bumbling billionaire potus patting hiself on the back for a 'great economy' with his cheerleading contingency who THINKS 'real money is gold'

~S~

Nope. Quantitative easing is where the government creates money out of thin air. The government couldn't do that when money was based on gold. Since we went off the gold standard, the value of the dollar has decreased by 95%.

It's hilarious watching you whine about Trump and quantitative easing when Obama invented the term and flooded our economy with new money.

 

[sparky]

Nope. Quantitative easing is where the government creates money out of thin air.

>>>>

governments do not create money; the central bank does. ... It can issue bonds and ask the central bank to buy them. The central bank then pays the government with money it creates, and the government in turn uses that money to finance the deficit. This process is called debt monetization.


~S~

 

[bripat9643]

Nope. Quantitative easing is where the government creates money out of thin air.

>>>>

governments do not create money; the central bank does. ... It can issue bonds and ask the central bank to buy them. The central bank then pays the government with money it creates, and the government in turn uses that money to finance the deficit. This process is called debt monetization.


~S~

The Fed is an arm of the government, moron.

 

[georgephillip]

As for big pharma.... only partly true. There are examples, where government regulation has resulted in citizens being ripped off.

Other than that, quite frankly without Big Pharma, you wouldn't have any drugs to cry about being ripped off for.

Without government-funded research, Big Pharma would never extort enough profit from consumers to bribe corrupt politicians for lucrative regulations:

US Drug Prices vs The World

"Each month, Jane * breaks the law. She does this to stay alive.

"Jane is a Type I diabetic, which means she requires insulin to keep living.

"The problem is a 10 mL bottle of insulin in the U.S. has a list price of about $450.

"Jane estimates it would cost her $3,000 a month to stay alive without insurance..."

"Jane buys her insulin illegally from Canada, where a comparable bottle of insulin costs about $21."

 

[JustAGuy1]

Nope. Quantitative easing is where the government creates money out of thin air.

>>>>

governments do not create money; the central bank does. ... It can issue bonds and ask the central bank to buy them. The central bank then pays the government with money it creates, and the government in turn uses that money to finance the deficit. This process is called debt monetization.


~S~

The Fed is an arm of the government, moron.

Well, except it isn't. It is a privately owned entity

 

[sparky]

"The problem is a 10 mL bottle of insulin in the U.S. has a list price of about $450.

"Jane estimates it would cost her $3,000 a month to stay alive without insurance..."

"Jane buys her insulin illegally from Canada, where a comparable bottle of insulin costs about $21."

and we wonder why the ACA 'leash' is debated here.....

~S~

 

[georgephillip]

Yes, I believe the US will go Communist, or Socialist... However, Trump has nothing to do with it. It won't happen for a couple of more presidents I wager.

Everyone I think can agree that your side of evil and horror, is winning. We have the clearest examples in the world of Socialist ideology destroying every country it has ever been tried, and we still have a self proclaimed communist running for high office, and he's not running as joke.

If my side is winning, why is a corrupt pathological liar/crony-capitalist/con man living in the White House?

Bernie Sanders hasn't changed since he began his political career. He is a moderate welfare-state Social Democrat who is not even a socialist (much less a communist) who is still stubbornly shy about criticizing corporate Democrats like Biden.

You are right about one thing.
He is not running as a joke.

Trump will die in prison.
Bernie and SDNY will put him there.

 

[georgephillip]

So clearly the rule of the stupid is growing in the country. So yes, I think American will at some point end up Socialist. It would take an amazing reformation of morals and education, to reverse this, and I don't see that the stupid people controlling the left wing will let anything good ever happen.

You support an illiterate, lying moron, yet you call the opposition stupid?

Trump isn't capable of stringing six sentences together without losing his train of "thought." He is so completely ignorant he doesn't even know what he doesn't know and probably cares even less.

He's gone back on his "populist" promises by bringing Wall Street advisers into his Cabinet and inner circle. He's allowing corporations to pollute the commons and rip off consumers. His unstable foreign policy has made the US a global laughingstock. And instead of ending illegal wars in the Middle East, he is throwing more troops into the quagmires.

Too much winning?
Only for morons.

 

[georgephillip]

A prefect example is NYC. NYC has years of clear cut history where socialist rent controls and public housing policies have destroyed housing for the public... this is why NYC moved away from those policies. Well, last year they openly embraced those policies, much to the dismay of many of the fools who supported Cuomo

Wall Street's endless gluttony for profits is driving the housing crisis

After the crash: How Wall Street is driving up homelessness

"After the real estate bubble popped, taking the U.S. economy with it, more than 9 million homes were foreclosed or sold at a loss, leading to fears that tracts of abandoned neighborhoods would become 'ghost towns.'

"While this happened in some areas of the country, elsewhere, the empty homes were an opportunity—most of all for Wall Street investors that swooped in to buy properties in bulk and rent them out at a profit.

"In the decade since the crash, 7 million more households have become renters, while only 1 million more have become homeowners, according to Census data.

"And 'institutional landlords,' as the Wall Street investors are called, have become a major driver of the affordable housing woes many Americans are now facing—from steep rent payments all the way to eviction."

 

[bripat9643]

As for big pharma.... only partly true. There are examples, where government regulation has resulted in citizens being ripped off.

Other than that, quite frankly without Big Pharma, you wouldn't have any drugs to cry about being ripped off for.

Without government-funded research, Big Pharma would never extort enough profit from consumers to bribe corrupt politicians for lucrative regulations:

US Drug Prices vs The World

"Each month, Jane * breaks the law. She does this to stay alive.

"Jane is a Type I diabetic, which means she requires insulin to keep living.

"The problem is a 10 mL bottle of insulin in the U.S. has a list price of about $450.

"Jane estimates it would cost her $3,000 a month to stay alive without insurance..."

"Jane buys her insulin illegally from Canada, where a comparable bottle of insulin costs about $21."

Wrong.

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[bripat9643]

Nope. Quantitative easing is where the government creates money out of thin air.

>>>>

governments do not create money; the central bank does. ... It can issue bonds and ask the central bank to buy them. The central bank then pays the government with money it creates, and the government in turn uses that money to finance the deficit. This process is called debt monetization.


~S~

The Fed is an arm of the government, moron.

Well, except it isn't. It is a privately owned entity

Who chooses the board of governors, the people that run it?

 

[Diver Diva]

Not without a lot of bloodshed.

 

[Fort Fun Indiana]

Greece
Cuba
Venezuela
France to some extent
North Korea

Pretty much every country that has openly moved toward your system.

Such an idiotic response on every level. Those countries were not ruined by the things I mentioned. Nor could you make an argument that they were, which is why you didn't even try.

Second, your last part reinforced the stupidity of the response, as literally every developed, modern country on earth in existence has those things I mentioned.

Stupid on parade....

 

[Fort Fun Indiana]

Quantitative easing is where the government creates money out of thin air.

That's not accurate.

 

[bripat9643]

Quantitative easing is where the government creates money out of thin air.

That's not accurate.

It's the exact truth.

 

[Fort Fun Indiana]

Quantitative easing is where the government creates money out of thin air.

That's not accurate.

It's the exact truth.

Hmm, afraid not.

 

[bripat9643]

Quantitative easing is where the government creates money out of thin air.

That's not accurate.

It's the exact truth.

Hmm, afraid not.

I'm afraid so.

 

[georgephillip]

Quantitative easing is private industry literally walking into our (read-tax dollars) treasury, and walking off with whatever they wish

why? , because we have a failing economy, failing fiat system

Do you believe it's true a government that issues its own money can pay for goods and service and financial assets without collecting money in the form of taxes OR DEBT ISSUANCE in advance of such purchases?

Modern Monetary Theory - Wikipedia

 

[bripat9643]

Quantitative easing is private industry literally walking into our (read-tax dollars) treasury, and walking off with whatever they wish

why? , because we have a failing economy, failing fiat system

Do you believe it's true a government that issues its own money can pay for goods and service and financial assets without collecting money in the form of taxes OR DEBT ISSUANCE in advance of such purchases?

It can, but that will destroy the value of the currency. Hyperinflation lies down that road.