- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
0
Posted on 5/9/24 at 9:49 pm to stuntman
quote:
Well, uh, now they are basically sending the treasury IOUs.
What a slope!
I've never seen that chart before. Is that saying the Treasury owes the FR money (the negative dollars)?
Posted on 5/9/24 at 9:50 pm to gmac8604
quote:
Sounds like this has been planned in advance.
100% planned.
quote:
How exactly do we have debt when we print our own currency? Why do we pick and choose when we inject/remove currency from circulation?
Because we allow it.
Posted on 5/9/24 at 9:56 pm to GumboPot
We can just print it. We do that and then buy bonds back. That puts extra money in the system.
Money supply goes up. That means inflation goes up. More money chasing fewer goods.
Money supply goes up. That means inflation goes up. More money chasing fewer goods.
Posted on 5/9/24 at 9:57 pm to gmac8604
quote:
How exactly do we have debt when we print our own currency?
Because even the act of printing fiat currency must be secured by credit.
Best visualized by Exeter’s Pyramid:
Gold sits at the bottom, ultimately “backing” all forms of credit resting on top of it …. and providing trust to the financial system.
Posted on 5/9/24 at 9:59 pm to cadillacattack
That ended in 1971.
Posted on 5/9/24 at 10:16 pm to RiverCityTider
quote:
That ended in 1971.
If you are referencing the backing of the U$D, you are correct,
But globally, assets continue to follow Exeter’s inverse pyramid, Merhling’s financial hierarchy, and the International Monetary Fund
There is a reason that the world’s Central Banks have been buying gold hand over fist, and it has little to do with the US decision to decouple the Dollar from a gold standard,
“Money is gold, and nothing else.” - J.P. Morgan, testimony before Congress 1912
Posted on 5/9/24 at 10:21 pm to RiverCityTider
This is the result of believing and voting for the GOPe's last 30 years of campaigning on reducing the deficit and closing the border.
The only good news is that the crash will happen before the uni-party confiscates private weapons.
The only good news is that the crash will happen before the uni-party confiscates private weapons.
Posted on 5/9/24 at 10:22 pm to RiverCityTider
Let’s be real. We are goi g to have to plunder our way out of this. It’s the American way.. there’s options on how this is done but our current course will devolve our government to ruin
Posted on 5/9/24 at 10:42 pm to GumboPot
It's saying that they "owe" the treasury that much, but don't worry, they've got that covered w/ "deferred assets".
LINK
quote:
In this case, the Fed creates a “deferred asset,” which is a negative liability whose value is the cumulative value of the shortfall in earnings. Once the Fed returns to earning a positive net income, it will pay down the value of the deferred asset until it reaches zero, at which point the Fed will resume sending remittances to the Treasury.
LINK
Posted on 5/10/24 at 1:11 am to FLTech
quote:
There is no way they will have the balls to do that.
Trump and Vivek will
Trump wanted more CoVID stimulus than Congress would pass. He also wanted lower interest rates (=> inflation=> higher rates=> more expensive debt service). Trumps positions on entitlements are… no changes. The only thing Vivek has proposed is cutting government employees. But if you put discretionary spending to $0, you aren’t retiring a debt at all.
The OP is right. Our date is sealed. It was sealed in 2011-2012. Now it’s just a question of how we manage the collapse.
This post was edited on 5/10/24 at 1:12 am
Posted on 5/10/24 at 1:20 am to RiverCityTider
quote:Yep. The value of our money is based on its desirablability in international markets, our military not free to. maintain), and the governments ability to tax.
That ended in 1971.
The last one is already showing signs of cracking. Mathematically any significant revenue harvesting would have to come from massive increases to the “middle” class. Thst’s already politically untenable. It will really become a political problem with double digit interest rates, AND the government skimming 40% off the top.
This post was edited on 5/10/24 at 1:21 am
Posted on 5/10/24 at 1:25 am to Tandemjay
quote:The border isn’t driving the deficit. Entitlements and “stimulus” are. I didn’t see too many people retiring their fat checks during CoVID. Nor did homeowner complain about the government reinflating the real estate bubble.
This is the result of believing and voting for the GOPe's last 30 years of campaigning on reducing the deficit and closing the border.
Americans love their spending as long as it covers their personal expenses and isolates them from losses.
And our representatives in Washington reflect that. Just as designed.
This post was edited on 5/10/24 at 1:26 am
Posted on 5/10/24 at 1:55 am to RiverCityTider
quote:
BRICs
Lost me here.
Posted on 5/10/24 at 2:24 am to RiverCityTider
Our country was sold out...just to get rid of a President that wasnt in the club
Posted on 5/10/24 at 2:57 am to RiverCityTider
That's why the elites have to collapse the system and have the great reset. Otherwise, the ponzi scheme is up
Posted on 5/10/24 at 4:26 am to FLTech
quote:
There is no way they will have the balls to do that.
Trump will
He had the chance before, and did the polar opposite, printing 7.8 trillion and asking for more. His business history is built on debt.
Posted on 5/10/24 at 4:28 am to RiverCityTider
quote:
So why are we continuing on with this bad arse globalist foreign policy when they know damn well we can't afford a trillion a year for defense.
Because they don’t want a bullet through their head while sitting next to the wife? Maybe that. It’s gold, or lead from this crowd.
Posted on 5/10/24 at 4:31 am to RiverCityTider
I don’t know if 60% if correct but let’s say it is.
That isn’t sustainable.
That isn’t sustainable.
Posted on 5/10/24 at 4:55 am to roadGator
I think that the people continuing this charade that you can print to your hearts delight count on the fact that we will see others like Japan with higher debt:GDP collapse before the US does, and can point to that resulting chaos to convince the US citizens that we have to cut somewhere.
I think they are deluding themselves with that thought. Americans would rather keep on printing and pay 38$ for an egg than see some poor woman on the evening news holding up their “but my babyyyyy!!!” to get her monthly. Media has done that to the population - proven with the power of canceling those with an alternate opinion, and sticking to the script, they can get the populace to believe anything. The CDC is still, to this day, referring to those shots as “a vaccine’, and people lap it up.
I think they are deluding themselves with that thought. Americans would rather keep on printing and pay 38$ for an egg than see some poor woman on the evening news holding up their “but my babyyyyy!!!” to get her monthly. Media has done that to the population - proven with the power of canceling those with an alternate opinion, and sticking to the script, they can get the populace to believe anything. The CDC is still, to this day, referring to those shots as “a vaccine’, and people lap it up.
This post was edited on 5/10/24 at 4:57 am
Page 2 of 4
Popular
Back to top
Follow TigerDroppings for LSU Football News