tahuyaman
Platinum Member
- Aug 21, 2012
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No, you fucking retard, America will never go insolvent or bankrupt. A nation that prints its own fiat, sovereign currency, can't go bankrupt, especially, when it has enough production to meet demand. If the government deposits 5 million dollars in everyone's bank account then of course, that would collapse the economy, because most people would stay home or go on a long-term vacation. The store shelves would be empty because all of the new millionaires would buy everything and we wouldn't have the production capacity to meet the demand created by hundreds of millions of new millionaires, created instantly by Uncle Sam.
Of course, the US Federal government has its budgetary constraints, I'm not saying that the government can just print money, and give it away. The budget limits of our federal government are determined by our GDP. Our nation's production capacity. How many people are employed, how many resources do we have available, as far as raw materials, machinery...etc. Watch these videos, and get an instant education on how our monetary system works:
It's good to be fiscally disciplined and not spend more money than we have to, at a macroeconomic level, but when our government spends money on social programs that provide for the poor, providing benefits to the working class, that contributes positively to the health and productivity of our country. Investing heavily in infrastructure, and making sure that everyone in America has healthcare, an education, and is earning a living wage if they work a full-time job. All of that makes America wealthier and stronger.
Have you ever studied the Weimar Republic? It’s going to get real ugly when the debt bomb explodes.