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re: Any household that consistently runs a deficit goes bankrupt
Posted on 5/28/23 at 6:24 am to Big Scrub TX
Posted on 5/28/23 at 6:24 am to Big Scrub TX
quote:
Leverage in this case literally means borrowing money.
Yea. I hear Ukraine is borrowing a lot these days....
Kind of a cool concept. They borrow money that we give them that we didnt have, but just rather printed to borrow from ourselves.
This post was edited on 5/28/23 at 6:26 am
0
Posted on 5/28/23 at 1:57 pm to Thundercles
quote:
So the government can borrow into infinity and it will never matter?
Are they really borrowing tho? or are they just writing something down on a piece of paper nad saying this is the new way?
Posted on 5/28/23 at 2:03 pm to Big Scrub TX
quote:your govt doesn't print it's own currency. theoretically has the ability, but that would destroy the US currency.
the ability to print its own currency
no it won't go on forever. the powers that be hope to kick the can down the road til they're dead and gone
Posted on 5/28/23 at 2:07 pm to The_Duke
quote:they're definitely borrowing. that's the entire reason powerful, wealthy people set up centralized banking, so they can make massive profits by basically stealing via taxes.
Are they really borrowing tho?
Posted on 5/28/23 at 4:50 pm to Thundercles
quote:
So the government can borrow into infinity and it will never matter?
Depends entirely on how good the CIA and military are going forward.
We lose reserve status, we are no different thaN Venezuela
Posted on 5/30/23 at 12:11 pm to I Love Bama
quote:what an absurd claim.
We lose reserve status, we are no different thaN Venezuela
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