Message from @Arnold Jacobs is legend
Discord ID: 788279357562683402
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
It all goes back to deficits only work when countries have faith in the production
holy shit
i cant
wow
Im starting to wonder why other servers banned you lol
yes you are talking about the dollar index
Lol stop cursing and address the argument
i did
you are saying the dollar index will collapse because we are expanding credit at a massive rate
No you didnt im talking about cause and effect with manufacturing
Thats not all im saying
Im saying that collapse will have devastating effects on trade
Which will have devastating effects on manufacturing
Which will have devastating effects on the consumer products
Which is 70% of the economy
All those jobs will vanish
A country without production or goods is dead or effectively bank rupt
Again the same thing happened to the weinmar republic
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
And its an ideal example as the weinmar republic was burdened with foreign debt from the war
holy shit
I AGREE REAL RECOURCES IS A CONSTRAINT
Quit cursing and address the point
Finally were getting somewhere lol
And there you go
Now quit spamming
This is why he gets banned from servers.
You just admitted resources are a constraint lol
Disabled direct messages
Huh
Dont spam my server and immediately DM me to justify yourself.
Asshole
.-.
Lol oh i think hes trying to dm me lol
Oh well im happy, he admitted resources are a constraint 🤡🍻
To be fair, he admitted it a few times
But it was weighed down by everything else he kept saying
Ill talk to him lol he’s probably fuming
I set the automute time to 5 hours lol