petter fucking schiif

he got wrecked in 2008 by shorting the dollar

ya hes a fucking moron and should not be allowed ot talk

to

he has no idea how our monetary system works

thats why he moved to pr

he lost his clients millions shorting the dollar

like 30 percent of debt is owned by other countries this does matter. And no the us cannot go bankrupt we issue our own currency

@Arnold Jacobs is legend bankrupt is in a state of not having money, the us has unlimited money, im reffering to a situation like greece

that could never happen

because we issue our own currency

its not i already put a article study on it, taxes do not fund federal programs

if you read my copy pasta i legit say real recources is the constraint, if you read any mmt or post keynes that is what they say

petter schiff is a fucking moron who uses nominal terms of debt and deficit and thinks the dollar would have collapsed. i have no intrest in reading anything about this fucking clown.

https://cdn.discordapp.com/attachments/740667486373937254/781239394291679283/Do_Taxes_And_Bonds_Finance__Gov_Spending.pdf

read

taxes are used to create demand for the dollar

no i hate him

i dont give a shit

fuck him

your point is taxes fund federal programs i already listed studies debunking that, as for bankrupt, bankrupt in the sense of having no more money not being able to produce. I already stated the constraint of credit expansion is real recources, namely employment.

A country that cant produce goods or services

that is what you said

that is what i said

real recources, employment, long run average supply ect

its already been happening this is not something new, the dollar has not collapse and it will not based on a purely monetary phenomenom, i have said this 10 times now i think. REAL RESOURCES IS WHAT MATTERS

and the fact we issue our own currency and are monetarily sovreighn

arnold do you know why japan runs a 200 percent + defecit

as a ratio ofc?

do you know why there inflation rate is like .3 percent

well below the us goal of 2 percent

holy shit

i have linked the study by phds, what are you on about

i did

holy hsit

@Arnold Jacobs is legend japan is not the reserve currnecy but they are able to have a higher deficit ratio then us. And yes in order to produce we must trade. IF your worry is the dollar index lowering there is no 1:1 ratio of credit expansion and lowering of the dollar index. The dollar index operates alot like a stock price

we have had times off massive quantitiative easing and higher dollar index

idk what your on about

what are you on about

how does that awnser the question

again how can japan have a 200+ percent ratio

yes you are talking about trade

your worry on trade is the dollar index

which is a bs argument

yes

and?

@Arnold Jacobs is legend yes the faith in the dollar, you are reffeirng to the dollar index. like i said we have had times of credit expansion and a increase in delta dollar index

wow

holy shit

circullar argument

i will say this slow

THE US DOES NOT RELY ON OTHER COUNTRIES OWNING US TREASURYS TO FUND PROGRAMS. I HAVE LINKED A REPORT/STUDY ON THIS AT THIS POINT YOU HAVE NO IDEA WHAT YOU ARE TALKING ABOUT. THERE IS A REASON WHY PETTER SCIFF GOT FUCKING GANG RAPED IN 2008 BECAUSE HE SHORTED THE DOLLAR AND THINKS THE GOLD STANDARD IS

holy shit

i cant

wow

yes you are talking about the dollar index

i did

you are saying the dollar index will collapse because we are expanding credit at a massive rate

in order for there to be a collapse of manufacturing there would be a collapse of the dollar index. Like i already said there is no direct 1:1 causation of large deficits a decrease in the dollar index. Again i ask why can japan have a almost double deficit ratio then us but have lower inflation. As for manufacturing(which is real recources) i already stated i agree. that is the constraint of the deficit. MMT agrees

holy shit

I AGREE REAL RECOURCES IS A CONSTRAINT

i have explained this like 10 times yet you refuse to read. I will unblock u on the condition you read my argyuuments

@Arnold Jacobs is legend you have not explained how the debt cripples the us, i already explained how this fear of the dollar index collapsing would not be a monetary problem. As for being reliant on other countries. Unless you want massive inflation and a reccesion by all means bring these jobs back the us.

a depression actually

lol and donald trump increased the deficit more then any other president

lol you didnt? you argument boils down to the us is reliant on global trade so debt bad

i already explained how if the dollar index collapses it would not be a monetary problem

yes i am aware and in order for there to be a collapse of manufacturing there would be a collapse of the dollar index. Like i already said there is no direct 1:1 causation of large deficits a decrease in the dollar index. Again i ask why can japan have a almost double deficit ratio then us but have lower inflation. As for manufacturing(which is real recources) i already stated i agree. that is the constraint of the deficit. MMT agrees i said this here

THATS THE FIRST THING I SAID

YOU FUCKING MORON

HOLY SHIT

again

btw trumps tarrifs failed and he increased the deficit

by a large margin

tarrifs are dog shit, you talk about inflation welp tarrifs would cause that

not trumps tarrifs more so his trade war

crippled farmers

nothing really got done with it

our trade deficit grew

same delta when it comes to manufacturing jobs pretty much

i cant post a picture

but the trade deficit grew

https://www.marketwatch.com/story/the-uss-trade-deficit-hasnt-been-this-wide-in-a-decade-and-a-half-2020-10-08

WAIT

THE SCREENSHOT YOU SEND DISAGREES WITH YOU

L;OL

im done

this cant be real

lol

it sais the trade deal shows weakness, china has failed to act

the trade deficit has increased

and btw why should i real your article if you didnt read my report?

from what year? it was bigger then when he talk office, the deficit has been greater sense 2016

LOL

I SEND YOU A GRAPH

LOLK

I mean i sent you studies and reports and you just dont read them, you strawman me so i have to spam, i have to repeat the same thing 10xd

thats why i actt this way

because i get mad at retards like u

again you have not shown how the debt would collapse trade