Message from @Arnold Jacobs is legend

Discord ID: 788411328720142356


2020-12-15 14:20:26 UTC  

arnold, i will ask you this for the last time, do u think running a large deficit and being on a fiat system would cause a dollar collapse?

2020-12-15 14:20:26 UTC  

arnold, i will ask you this for the last time, do u think running a large deficit and being on a fiat system would cause a dollar collapse?

2020-12-15 14:20:49 UTC  

awsner

2020-12-15 14:20:55 UTC  

You saw my argument earlier now youre refusing to again

2020-12-15 14:20:56 UTC  

i will not continue unless you awsner

2020-12-15 14:20:57 UTC  

arnold, i will ask you this for the last time, do u think running a large deficit and being on a fiat system would cause a dollar collapse?

2020-12-15 14:20:57 UTC  

arnold, i will ask you this for the last time, do u think running a large deficit and being on a fiat system would cause a dollar collapse?

2020-12-15 14:20:58 UTC  

arnold, i will ask you this for the last time, do u think running a large deficit and being on a fiat system would cause a dollar collapse?

2020-12-15 14:21:15 UTC  

yes or no

2020-12-15 14:21:18 UTC  

awsner the question

2020-12-15 14:21:18 UTC  

arnold, i will ask you this for the last time, do u think running a large deficit and being on a fiat system would cause a dollar collapse?

2020-12-15 14:21:21 UTC  

Im not going to keep discussing if youre going to purposely back pedal

2020-12-15 14:22:01 UTC  

im not backpeddling you just have no idea how to structure a argument, i already adressed your point, there are many nations to trade from. Getting off this trade system would mean a collapse of the us economy and hyper inflation

2020-12-15 14:22:15 UTC  

you just cant read

2020-12-15 14:23:05 UTC  

i already explained how running a deficit like we do now and being on a fiat system would not collapse the us dollar(assuming we are following real recources), you linked a article making this point

2020-12-15 14:23:14 UTC  

both of these arguments you could make i already debunked

2020-12-15 14:23:59 UTC  

you cant link a article soley based on saying DEFICITS ARE INHERENTLY BAD AND BEING ON A FIAT SYSTEM IS BAD AND IT WILL COLLAPSE THE US DOLLAR then say oh that is not my argument. Unless you admit to pivoting

2020-12-15 14:24:12 UTC  

Resources are a constraint- this is why i was excited last night and thought we were getting somewhere. The US is almost completely dependent on intermediate resources necessary for production. Without production money has no purchasing power, resources are a constraint. You kept trying to straw man to a gold standard but that isnt my point. My point is without production you have no employment or good or services. There is nothing to tax. There is nothing to buy. Money has no purchase power. At that point countries go bankrupt

2020-12-15 14:24:33 UTC  

I never pivoted

2020-12-15 14:25:02 UTC  

again I ALREADY ADRESSED HOW THIS WOULD NOT BE A MONETARY PROBLEM, I ALREADY STATED THAT GETTING OF THIS TRADE SYSTEM YOU HATE WOULD CAUSE HYPER INFLAITON AND A MASSIVE DEPRESSION.

2020-12-15 14:25:08 UTC  

Its cause and effect

2020-12-15 14:25:30 UTC  

i adressed both sides of the argument

2020-12-15 14:25:36 UTC  

the one made in the article you sent

2020-12-15 14:25:40 UTC  

and the one you think you are making

2020-12-15 14:25:40 UTC  

I told you in a strict financial numbers since what you said works- but that isnt how the real world works

2020-12-15 14:26:01 UTC  

You admit yourself resources are a limitation

2020-12-15 14:26:15 UTC  

that statment alone makes no sense, agian you have not stated how this trade system is not secure.FOR THE 6TH TIME IF WE GET OFF THIS SYSTEM THE US WOULD COLLAPSE

2020-12-15 14:26:16 UTC  

AGAIN

2020-12-15 14:26:18 UTC  

Now ive said a thousand times how the resources would dry

2020-12-15 14:26:20 UTC  

I SAID THIS

2020-12-15 14:26:35 UTC  

And you fail to see that purposefully

2020-12-15 14:27:14 UTC  

If there are no more goods or services money has no purchasing power

2020-12-15 14:27:22 UTC  

Hyperinflation

2020-12-15 14:27:26 UTC  

holy shit, this debate was first about our deficit, again display to me how running a deficit( not taking into account real recources) would cause a collapse of us trade, making our trade system and our monetary system not safe.

2020-12-15 14:27:34 UTC  

As i said it happened in the weinmar republic

2020-12-15 14:28:08 UTC  

I have several times you even said “okay dude” and got my argument earlier

2020-12-15 14:28:17 UTC  

Im not going to keep back pedaling for you

2020-12-15 14:28:23 UTC  

THE ARGUMENT YOU ARE MAKING ABOUT REAL RECOURCES I MADE ALREADY

2020-12-15 14:28:26 UTC  

your just a fucking retard

2020-12-15 14:28:28 UTC  

that cant read

2020-12-15 14:28:30 UTC  

When your purposefully ignoring me