Message from @agag
Discord ID: 501998439417249802
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
did he pay back debt though? **hmmmmm**
there's still interest on the money you see
if that "interest" is payed off then money will leave the economy, that's what paying back debt does
it appears that he was
look you can post whatever you want but it's not going to convince me
there's not even a point to what you're saying anyway
😖
>we didn't have deflation
Oh I wonder why, couldn't be because you use FIAT currency could it lmao @agag
it seems to me like random comments to promote politicians or defend banks
you're saying that if we had a surplus to pay back debt then we would experience deflation, but when we did that that didn't happen
@Superwalter64 wyd
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sex
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@agag it did cause deflation
😳
you should look at the economies a little bit
hideo kojima undertale 2