Message from @Arnold Jacobs is legend
Discord ID: 788275106715533392
I get these wall street guys wolf richter and peter schiff are probably the exact people you have problems with, but I think they’re valid points.
Woah
I am im bed
Ping me next time
@Arnold Jacobs is legend LOL PETTER SCHIFF
NO WAY
im sorry
i cant
lol
Haha
lol
petter fucking schiif
he got wrecked in 2008 by shorting the dollar
I knew that would trigger you
ya hes a fucking moron and should not be allowed ot talk
to
he has no idea how our monetary system works
thats why he moved to pr
Theyre valid points though the us is heavily dependent on international trade
he lost his clients millions shorting the dollar
like 30 percent of debt is owned by other countries this does matter. And no the us cannot go bankrupt we issue our own currency
No its 40%
The us can go bank rupt when it is unable to produce goods and services
Youre playing very loosely with the term bankrupt
@Arnold Jacobs is legend bankrupt is in a state of not having money, the us has unlimited money, im reffering to a situation like greece
that could never happen
because we issue our own currency
Having money is worth nothing if you have no means of producing goods or services
Look at the weinmar republics fall
its not i already put a article study on it, taxes do not fund federal programs
They only recovered by increasing tax and cutting spending with the nazis
if you read my copy pasta i legit say real recources is the constraint, if you read any mmt or post keynes that is what they say
What im saying is taxes must fund spending for the us to engage in trade
The us must engage in trade to produce goods and services
petter schiff is a fucking moron who uses nominal terms of debt and deficit and thinks the dollar would have collapsed. i have no intrest in reading anything about this fucking clown.
If you cant produce goods and services the country is broke
For all intents and purposes
read
taxes are used to create demand for the dollar