Return of Bretton Woods System

[Slade3200]

Yes, I would support that. I am not anti-debt. But it must be managed and controlled.

You should read up a little more on what the national “debt” really is. It would be catastrophic to the economy if it was all paid off tomorrow or in 10 years or ever. You should learn how new money is created and circulated, how interest and retirement accounts work. The national debt is not like a credit card debt. It is a representation of currency and mechanism for economic management.

Paying off the debt would take the money out of public hands and give it back to the government. Is that really what you want?

 

[Slade3200]

His 2nd four years were stolen. Kinda hard to do something in 8 years when you only have 4 years to do it in.

Interesting. So given 8 years do you think he would have eliminated the debt?! Do you actually see that as a realistic and possible thing?

 

[SaxonJackson]

US debt has been the lowest-interest paper ever. Now, apparently, they have risen due to the fact that the United States has become unstable, worms are in the government and the United States is preparing for death. This is just a good reason to shut up the European mouth.

Do you have any idea how much interest (even if low) there is on $32 trillion dollars' worth of debt?

Check out the debt clock:

https://www.usdebtclock.org/

The current interest on the current debt is around $580 Billion. Insanity.

 

[SaxonJackson]

Interesting. So given 8 years do you think he would have eliminated the debt?! Do you actually see that as a realistic and possible thing?

Not without full Partisan help. So, no, neither the Demwits nor the RINOs have any interest in lowering the debt or the rate of spending. It could be done if America elected sensible and reasonable representatives to the Presidency, Senate, and House, but that ain't gonna happen.

 

[Slade3200]

Do you have any idea how much interest (even if low) there is on $32 trillion dollars' worth of debt?

Check out the debt clock:

https://www.usdebtclock.org/

The current interest on the current debt is around $580 Billion. Insanity.

Do you understand what interest on the national debt represents?

 

[rupol2000]

Europe has nothing to resist the US. All they have is long tongues. All their power is from agents in Washington. Their armies are almost destroyed, they relaxed, they thought that their scam would return them to world power forever.

Revive the Bretton Woods system, now. It won't cost anything. There are your war bases. Europe is just a worm underfoot.

 

[Slade3200]

Not without full Partisan help. So, no, neither the Demwits nor the RINOs have any interest in lowering the debt or the rate of spending. It could be done if America elected sensible and reasonable representatives to the Presidency, Senate, and House, but that ain't gonna happen.

Eliminating the debt would literally crash our economy. You don’t understand what the debt actually is do you? It’s not like a credit card. You should read up on it

 

[SaxonJackson]

Do you understand what interest on the national debt represents?

It's the cost associated with receiving a loan, just like the interest you, or I pay on a local bank loan. It really is that simple, even if professional economists like to muddy the water with more flowery terminology.

 

[rupol2000]

The European Monetary System was Europe's way of getting away from US control, and they did it because the US had problems in Vietnam and traitors in the government.
Europe should not have financial independence, this is the threat of a resurgence of Eurocentrism.

 

[Slade3200]

It's the cost associated with receiving a loan, just like the interest you, or I pay on a local bank loan. It really is that simple, even if professional economists like to muddy the water with more flowery terminology.

As a population and economy grows so does the demand for currency. To release new money into the economy loans are made to banks as investments are made. This is the heartbeat of economic activity. If you have a federally backed retirement account then the interest and funds you accumulate become part of that national debt. It’s not some thing that you just pay off like a credit card bill. Even if you can

 

[Toddsterpatriot]

You should read up a little more on what the national “debt” really is. It would be catastrophic to the economy if it was all paid off tomorrow or in 10 years or ever. You should learn how new money is created and circulated, how interest and retirement accounts work. The national debt is not like a credit card debt. It is a representation of currency and mechanism for economic management.

Paying off the debt would take the money out of public hands and give it back to the government. Is that really what you want?

You should learn how new money is created and circulated, how interest and retirement accounts work.

We couldn't create new money if the debt was paid off?

Paying off the debt would take the money out of public hands and give it back to the government.

It would take money out of public hands and give it to public hands.

 

[Slade3200]

We couldn't create new money if the debt was paid off?

New money is created by debt. Did you know that?

 

[Slade3200]

It would take money out of public hands and give it to public hands.

The largest holder of the public debt which is about 75-80% of the debt is held by the Federal reserve and used to control interest rates and the money supply.

So for those who want to just pay off the debt is ask. How do you think it benefits our economy and society to pay back the fed and force people to cash out on their investments and stop accruing interest?

 

[Nobody911]

We need to bring back the Bretton Woods system. The rise of Europe threatens the US. Europe should finance the US budget, the dollar should cover European currencies.
This is in the interests of protecting freedom. This is not contrary to international law to contain Pan-Germanism and Eurocentrism, and it is not contrary to the Monroe Doctrine.

We need a Bretton Woods system. Then also the US Army will be financed from outside.

The Bretton Woods system was an international monetary agreement established in 1944 that tied the value of the US dollar to the price of gold and pegged other currencies to the US dollar.

However, the system was dismantled in 1971 due to various factors such as high inflation rates and trade imbalances, among others.Whether it's possible to bring back the Bretton Woods system to America depends on various factors such as economic, political, and social considerations.

Well, it's important to note that the global economic landscape has changed significantly since the system was dismantled, and implementing such a system may not be feasible or effective in today's global economy.

Moreover, countries now have much greater economic and political independence than they did in the past, making it harder to implement a system that constrains their monetary policy and exchange rates.

So, it's unlikely that the Bretton Woods system will be brought back to America or any other country in its original form. Instead, policymakers continue to explore new ways to navigate the complexities of the global economy and ensure economic stability and growth.

 

[Toddsterpatriot]

New money is created by debt. Did you know that?

So we couldn't create new money if the debt was paid off?

 

[Slade3200]

So we couldn't create new money if the debt was paid off?

No of course not. We wouldn’t have an economy if the debt was paid off

 

[Toddsterpatriot]

The largest holder of the public debt which is about 75-80% of the debt is held by the Federal reserve and used to control interest rates and the money supply.

So for those who want to just pay off the debt is ask. How do you think it benefits our economy and society to pay back the fed and force people to cash out on their investments and stop accruing interest?

The largest holder of the public debt which is about 75-80% of the debt is held by the Federal reserve and used to control interest rates and the money supply.

And if the debt was paid off it would take money from public hands and give it to public hands.

How do you think it benefits our economy and society to pay back the fed

How do you think it harms our economy and society to pay back the fed?

and force people to cash out on their investments and stop accruing interest?

Are there no other interest-bearing investments people could hold?

 

[Toddsterpatriot]

No of course not. We wouldn’t have an economy if the debt was paid off

No of course not.

Why do you feel that way?

We wouldn’t have an economy if the debt was paid off

Why?

 

[Slade3200]

And if the debt was paid off it would take money from public hands and give it to public hands.

78% goes back to public hands the majority of which is the fed reserve. Boom there goes the economy.

 

[Slade3200]

How do you think it harms our economy and society to pay back the fed?

Well here I am directly answering your questions and you aren’t decent enough to answer mine? Instead you answer my questions with questions?! Shame on you Toddy boy you can do better than that…

It harms the economy by causing a massive imbalance of supply demand and a wave of inflation that would completely wipe out our economy.