Message from @vbonecrusher1014
Discord ID: 788408302325071924
if you want to talk about sovreighnty in production we can
That was never my argument
As ive told you a thousand times cause and effect
Money has no purchase power if there is no production
Look at my argument
THIS ARTICLE IS TALKING ABOUT A DOLLAR COLLAPSE BASED ON OUR FIAT SYSTEM
Not just the source
why would you link this and then say im not talking about monetary policy
I used the source to convey a point lol
why would u say things like the us outscources money
Cause and effect
so you linked a article making a point your not making?
why would u do that
?
Debts are investments in economic growth
It does make my point
It shocks me we finally agreed and now youre trying to back spin
https://schiffgold.com/key-gold-news/yale-economist-warns-of-dollar-crash/ THIS ARTICLE IS MOSTLY ABOUT THE DOLLAR INDEX COLLAPSING BASED ON LARGE DEFICITS
WE JUST WENT OVER YOU ARE NOT MAKING THIS ARGUMENT
What has enabled this over the years has been the world’s willingness to hold US dollars as the primary reserve currency and to continue to loan money to Americans and to the US government so we can continue to live beyond our means. We can have enormous government programs that we don’t pay for and we can consume all kinds of goods that we don’t manufacture, and we can live in an economy based on consumption and debt without having to save or produce. The world has done that for us. And I think this is what’s going to come to an end. I think we’re going to see a collapse in the value of the dollar, and when the dollar does collapse, America’s power is going to dissipate. And Americans are going to have to deal with the reality that we’ve hollowed out our infrastructure; we’ve been living beyond our means. And there’s going to be a day of reckoning for these years of excesses.”
this is from there
I’ll say this one last time- the US production is too heavily reliant in almost complete cases on intermediate resources
It must trade to produce as ive said a thousand times
I told you in a strict monetary numbers since what you said works- but that isnt the layout of the us economy
ok i know your argument now, just remember thisis a pivot, you linked a article and said the us cant continue to export money. when you link a article that is saying the dollar will collapse because of large deficits, i get the idea that is the argument you are making.
want to get in vc?
Its not a pivot ive been trying to say that all along
WHAT
AGAIN
Yes
YOU JUST WENT OVER YOU ARE NOT SAYING THE DOLLAR WILL COLLAPSE BECAUSE OF LARGE DEFICIT SPENDING
its impossible
“We must trade to produce”
for that to happen
Ive said that since the beginning
ok dude
if you said that then i have been adressing your point
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 talk about it here
Ive been trying to tell you we agree on so much and thats why we keel screaming
*keep