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re: Biden admin plans to put US under UN rule during future global emergency events
Posted on 7/7/23 at 8:29 am to RemouladeSawce
Posted on 7/7/23 at 8:29 am to RemouladeSawce
Thank you.
Posted on 7/7/23 at 8:53 am to RCDfan1950
quote:
This is inevitable as the money printing machine will break down, sooner or later.
No it won’t. You misunderstand the effect of expanding the money supply. And the negative effects do not come crashing down all at once, they are constantly being felt through inflation, for example.
“Printing money” is a sort of tax. It makes the savings of ordinary people worth less. And that loss of worth is equal to value transferred to the Federal Government.
The way this will be felt, in the long run, is in an inability of the Federal Government to meet all of its obligations. When that happens they will have to choose among priorities, like foreign aid, welfare programs, defense budget, energy subsidies, etc. But it won’t collapse or break down.
Eventually our sphere of influence will shrink, other nations will take over the trade routes, and our people will become substantially poorer. This will lead to vicious factionalism and finally to an authoritarian leader like Vladimir Putin.
This post was edited on 7/7/23 at 8:59 am
Posted on 7/7/23 at 8:40 pm to dstone12
quote:
Doesn’t sound like democrats does it?
It does if there's a transfer of money involved. They don't realize that once they hand over their power, all of their money can be confiscated, and they'll be in the bread lines just like us.
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