Message from @Reaps
Discord ID: 459713906382864384
@King Canuck Also remember that a big part of why our debt is so large is social security and medicare/medcaid
Dat Estonia
The nice thing about the US is how little of our debt is owed to anyone else
Most of our debt is owed to ourselves
And as the dominant economy in the world, we're our own main debt collector
What's anyone else gonna do, fight us?
```Chinese lenders snap up so much of the U.S. debt for one basic economic reason: protecting its “dollar-pegged” yuan.
Ever since the establishment of the Bretton Woods System in 1944, the value of China’s currency, the yuan, has been connected or “pegged” to the value of the U.S. dollar. This helps China hold down the cost of its exported goods, which tends to make China, like any nation, a stronger performer in international trade.
With the U.S. dollar considered one of the safest and most stable currencies in the world, dollar-pegging helps the Chinese government maintain the stability and value of the yuan. In May 2018, one Chinese yuan was worth about $0.16 U.S. dollar. ```
Update on Slovak pooling
8% goes to Chjina
The Federal Reserve has 11.3%
the social security trust fund has 19%
That last item or two is intra-governmental debt
That poll *seems* quite different from the last one I saw
debt that the US owes itself
you're lucky I bothered to open that instead of going "that image is fucked" 🤣
@RMS_Gigantic Didn’t you say the one in the oval office was refurbished in the 50’s?
I'd love to owe debt to myself <:think_woke:378717098681171988>
Aye, but I found an even more interesting case
Here's how the House chamber looked from at least the 1890's, if not earlier, through WWII: http://historycms.house.gov/assets/15032390670.jpeg
oh
well then congress
The room was decorated in a Victorian style
notice the different style of fasces
It was redecorated in Early Federal style in 1949-1950
including what appears to be the modern, seemingly much larger fasces
fasces that, interestingly enough, face the opposite directions from the old ones
you know, I wanna make it a goal of mine to convince as many people as possible that the fasces is a symbol of the republic and not fascism.
The people who need to know that already do
cause god fucking damnit Mussolini.
Rather hilariously, the current trick is to keep the SJWs from noticing these VERY OBVIOUS fasces decorating the House chamber
I saw someone, maybe in here, post a shitload of images of all the fasces symbols used on government flags, buildings etc in the US