Do you know what 1.9 trillion dollars is to an average everyday person?

andaronjim

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Lets examine how easy the Prog Masters are trying to spend this amount of money.

First off everyone knows what 1 million dollars is, right?

tenor.gif


Now take 1 million of those million dollars that is 1,000 times 1,000 million dollars.

1 Trillion is Equal to How Many Million? (millionbillion.online)

1000 x 1000 x 1,000,000 equals 1,000,000,000,000 . The "rescue" bill is 1.9 times that. Do you care that such money is being spent, when the Weimar Republic went broke just spending billions of Marks? Where will your welfare come from if the dollars goes to shit? Do you have a plan in case such events happen, because the Prog Masters are going to high tail it out of this country when the shit hits the fan....
 

FA_Q2

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Yup. It is an insane amount of money that has no grounding in reality. Yet we lack any government group to oppose asinine spending considering the republicans, who claimed to be fiscally responsible, were gleefully signing even larger coronavirus bills without blinking once.

What do you expect to happen?
 
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andaronjim

andaronjim

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Yup. It is an insane amount of money that has no grounding in reality. Yet we lack any government group to oppose asinine spending considering the republicans, who claimed to be fiscally responsible, were gleefully signing even larger coronavirus bills without blinking once.

What do you expect to happen?
Hyperinflation - Wikipedia

Typically, however, the general price level rises even more rapidly than the money supply as people try ridding themselves of the devaluing currency as quickly as possible. As this happens, the real stock of money (i.e., the amount of circulating money divided by the price level) decreases considerably.[3]

Almost all hyperinflations have been caused by government budget deficits financed by currency creation.[citation needed] Hyperinflation is often associated with some stress to the government budget, such as wars or their aftermath, sociopolitical upheavals, a collapse in aggregate supply or one in export prices, or other crises that make it difficult for the government to collect tax revenue. A sharp decrease in real tax revenue coupled with a strong need to maintain government spending, together with an inability or unwillingness to borrow, can lead a country into hyperinflation.[3]


The Weimar Republic was printing so much money that soon the mark was even worth the amount of the paper it was printed on. And intelligent people know what happened after that...
 

Batcat

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How to visualize one trillion dollars.

1614380067095.jpeg


1614380195574.jpeg


1614380442841.jpeg
 

Manonthestreet

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“You will never see another financial crisis in your lifetime.”
-Janet Yellen, spring 2018

“I do worry that we could have another financial crisis. ″
-Janet Yellen, fall 2018
 

Nova78

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Wealth transfer, this country is fucked , all you shit heads waiting for another government handout will all be fucked a year from now.
 

San Souci

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Lets examine how easy the Prog Masters are trying to spend this amount of money.

First off everyone knows what 1 million dollars is, right?

View attachment 462030

Now take 1 million of those million dollars that is 1,000 times 1,000 million dollars.

1 Trillion is Equal to How Many Million? (millionbillion.online)

1000 x 1000 x 1,000,000 equals 1,000,000,000,000 . The "rescue" bill is 1.9 times that. Do you care that such money is being spent, when the Weimar Republic went broke just spending billions of Marks? Where will your welfare come from if the dollars goes to shit? Do you have a plan in case such events happen, because the Prog Masters are going to high tail it out of this country when the shit hits the fan....
Yes. A huge TAX hike and higher PRICES.
 
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andaronjim

andaronjim

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Lets examine how easy the Prog Masters are trying to spend this amount of money.

First off everyone knows what 1 million dollars is, right?

View attachment 462030

Now take 1 million of those million dollars that is 1,000 times 1,000 million dollars.

1 Trillion is Equal to How Many Million? (millionbillion.online)

1000 x 1000 x 1,000,000 equals 1,000,000,000,000 . The "rescue" bill is 1.9 times that. Do you care that such money is being spent, when the Weimar Republic went broke just spending billions of Marks? Where will your welfare come from if the dollars goes to shit? Do you have a plan in case such events happen, because the Prog Masters are going to high tail it out of this country when the shit hits the fan....
Yes. A huge TAX hike and higher PRICES.
The warning signs are out there....

Inflation Fears Rattle Global Bond Markets - WorldNewsEra
 

Nova78

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Nothing more than handouts, millions to failing black businesses, all bullshit these businesses are in the shittier anyway. One company got 450,000 for payroll and the fuckers went bankrupt anyway, our government is a bunch of pandering idiots destroying this country. These morons are already talking about a 4th stimulus.:cuckoo::cuckoo::cuckoo::cuckoo:
 

FA_Q2

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“When the people find that they can vote themselves money that will herald the end of the republic.”
― Benjamin Franklin
 

Brain357

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Yup. It is an insane amount of money that has no grounding in reality. Yet we lack any government group to oppose asinine spending considering the republicans, who claimed to be fiscally responsible, were gleefully signing even larger coronavirus bills without blinking once.

What do you expect to happen?
Everyone is fiscally responsible when they don’t have power.
 

georgephillip

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1000 x 1000 x 1,000,000 equals 1,000,000,000,000 . The "rescue" bill is 1.9 times that. Do you care that such money is being spent, when the Weimar Republic went broke just spending billions of Marks?
Have you noticed how "government" always finds enough money for rich unproductive speculators?

One of Georgia's new Senators has.

Compare the $1.9 trillion you're whining about to the $9 trillion the Fed has gifted Wall Street over the past 18 months
.

What is the repo market, and why does it matter?

"The new, 34-year old Democratic Senator from Georgia, Jon Ossoff, let a very big cat out of the bag at yesterday’s Senate Banking hearing.

"For at least a year, from September 17, 2019 through at least September 30, 2020, the New York Fed, acting as an agent for the Federal Reserve, doled out a cumulative $9 trillion or more in repo loans.

"The Fed would say only that the money was going to some of its 24 Primary Dealers on Wall Street, without naming any specific bank receiving the money."

Would your conservative values be upset to learn some of those 24 Primary Dealers own the New York Fed?

Senator Ossoff Drops a Bombshell: “The 12 or 13 Largest Banks” Got the Trillions from the Fed’s Repo Loans Last Year
 

FA_Q2

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Yup. It is an insane amount of money that has no grounding in reality. Yet we lack any government group to oppose asinine spending considering the republicans, who claimed to be fiscally responsible, were gleefully signing even larger coronavirus bills without blinking once.

What do you expect to happen?
Everyone is fiscally responsible when they don’t have power.
That is the way it USED to be.

I am not so sure anymore. With this latest round of helicopter money, much of it going out to people that do not even need it, I think we have come to the point where compromise will mean increasing the package to include more pet projects.
 

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