39 trillion dollars and climbing. If the FED doesnt lower interest rates, the United States will be no more.

[sparky]

it's not going to help......~S~

 

[kyzr]

it's not going to help......~S~

True. Lowering rates a few tenths of a percent won't reduce the $1.2T annual interest tab significantly.

We need congress to get serious about starting to pay down the debt, and stop cutting taxes just to borrow more.

Trump's $1.5T 2027 defense budget can't happen either.

 

[sparky]

True. Lowering rates a few tenths of a percent won't reduce the $1.2T annual interest tab significantly.

We need congress to get serious about starting to pay down the debt, and stop cutting taxes just to borrow more.

Trump's $1.5T 2027 defense budget can't happen either.

I doubt we'll be able to print our way out again kyzr.......i'll wager revaluation along with it's magic math is on our horizon.....~S~

 

[pknopp]

I used to be a minimum wage puke. Of course at the time i realized that it was no where job, so decided to better myself by getting skills that would make me more valuable. Those who just continue living on a minimum wage job, the rest of their lives, dont deserve the offset of free money from welfare. They didnt earn that money, they just slug along.

Ever here of Thomas Sowell?

Thomas​

Thomas Sowell is a prominent critic of the welfare state, arguing that it is the oldest con game in the world. He believes that the assumption that spending more taxpayer money will make things better is a common misconception. Sowell emphasizes the first lesson of economics: scarcity, stating that there is never enough of anything to satisfy all who want it. He also critiques the first lesson of politics, which is to disregard the first lesson of economics. Sowell's views on the welfare state reflect his broader critique of government intervention in the economy and his advocacy for free-market principles.
Sowell.org

Said while pretending the trillions the Fed simply creates out of nothing and boosts the markets with isn't welfare.

 

[struth]

Said while pretending the trillions the Fed simply creates out of nothing and boosts the markets with isn't welfare.

The Fed doesn’t create money. Money is created by the US Tresury and US Mint

The Fed regulates the banking system and interest rates…ie monetary policy…it doesn’t in fact create trillions

 

[pknopp]

The Fed doesn’t create money. Money is created by the US Tresury and US Mint

The Fed regulates the banking system and interest rates…ie monetary policy…it doesn’t in fact create trillions

https://www.investopedia.com/articl...tanding-how-federal-reserve-creates-money.asp

 

[struth]

https://www.investopedia.com/articl...tanding-how-federal-reserve-creates-money.asp

As I mentioned and your link mentioned they set interest rates, they don’t create money, trillions out of nothing

 

[pknopp]

As I mentioned and your link mentioned they set interest rates, they don’t create money, trillions out of nothing

Their policies create the money. That the treasury actually prints it is nothing more than trolling.

Besides, most of it is never actually printed.

 

[struth]

Their policies create the money. That the treasury actually prints it is nothing more than trolling.

Besides, most of it is never actually printed.

No their policies don’t create the money. They create the opportunity for money

 

[pknopp]

No their policies don’t create the money. They create the opportunity for money

We spend trillions of dollars every year. There are appx 2.3 trillion dollars in all of circulation.

And they are "Federal Reserve Notes".

 

[struth]

We spend trillions of dollars every year. There are appx 2.3 trillion dollars in all of circulation.

And they are "Federal Reserve Notes".

Yeah because they are bank notes…but they are made by the US treasury who literally makes them…in a printing press run by the BEP

https://www.bep.gov/currency

 

[pknopp]

Yeah because they are bank notes…but they are made by the US treasury who literally makes them…in a printing press run by the BEP

https://www.bep.gov/currency

Stop trolling.

 

[struth]

Stop trolling.

How am I trolling? I’m simply trying to help educate you…you seemed to have the false idea the Fed creates money. They don’t

 

[sparky]

money is merely the medium , currency is an agreed value ~S~

 

[sparky]

This is where cryptocurrencies , especially that which are decentralized , may be problematic ~S~