Message from @Mr. Dr. Professor. Vaughn
Discord ID: 501996029084827649
Gamers!!
What if we could get some retard from The Young Turks to do a shoutout for TRS
**we can't pay off our debt**
just realized this for some reason
if we payed back all the debt we owed, there wouldn't be any money left in circulation. that would cause a complete economic collapse.
NO FUCKING WAY
AHAHHAHAHAHAHA
ITS REAL
Ben shapiro is so weird
One of the largest improvements from last to this month easily.
someone's always going to have to get fucked over
hmm... debt is too interesting
you'd have to have a surplus to pay off the debt anyway
no you don't understand
for the government to pay off its debt, it would need to tax people that owe money to the banks as well
Based and red pilled
then the people wouldn't be able to pay off its debt
Trump is after the Federal Reserve today. Let's see how this one plays out.
there is no money to cover the interest that is loaned out
Bassed
@Mr. Dr. Professor. Vaughn a large portion of US debt is owed to US federal agencies
banks only own 7%
Ben Shapiro is epic
Ben shapiro is just weird
Epic!
this breaks it down
banks own 7% of public debt not 7% of all debt I should've specified
@agag how does money get created (loaned out) in the first place? from banks. it's either a bank from the US or a bank elsewhere
it's loaned out in interest, it will end up back in the bank at the end of the day
yeah... that's how it works
if the government got a surplus of money to pay back the debt then the amount of money in circulation would definitely drop significantly due to loans not being loaned out and loans being payed back as well
and that is called what exactly? deflation
i've become woke on this