AUstar

It's Ahab the A-rab.

If Fyfe or Bramlett were still doing it, sure I might bite. Not worth the money for the current crew (no offense to them personally).

Here's who owns the federal debt:

* American private/domestic holders: $18.48T (46.1%)
* Federal Reserve: $4.49T (11.2%)
* Foreign holders: $9.30T (23.2%)
* Intragovernmental: $7.78T (19.4%)
TOTAL: $40.05T

Intragovernmental holdings means one branch of the government is borrowing from another. So when you add it all up, about 77% of all debt is owed to American banks/investment funds/private people or to our own government.

As for the foreigners who own it:

1) Japan - 1.2 trillion
2) UK - 900 billion
3) China - 600 billion
4) Canada - 200 billion
5) Belgium - 200 billion
6) Cayman Islands - 200 billion
(the list goes on with each country holding less on down the line).

Out of these foreign numbers, about 58% of it is held by private individuals (through investment portfolios, etc.) and the rest (42%) held by governments/central banks.

This brings us to a philosophical "what is money" discussion. Did you know that about 90% of dollars "out there" do not have a physical bill backing them? Not only do we not have a gold standard, we really don't even have physical notes backing shite either. Most dollars are literally just numbers on a ledger (or in a computer). The only thing stopping banks from "adding some zeroes" to their balance sheets is the law.

Bretton Woods, a conference after WWII which made the dollar the world's reserve currency was negotiated (and led) by Treasury Department official Harry Dexter White (Anglicized name as he was a Lithuanian Jew). It was later learned White was a Soviet agent.

It's not clear whether his Bretton Woods actions had any Soviet influence or how putting America in such a strong position helped the Soviets. But it's clear White was passing the Soviets information (this was found through intercepts that were top-secret for decades, but it was suspected independently of those intercepts already).

Edit: I should also add that White was the chief architect of the Morgenthau plan which was a post-war plan to basically destroy Germany permanently. The plan included shipping millions of Germans to labor camps. Estimates at the time suggested, if implemented, the plan would kill 25 million Germans from starvation. This would perfectly align with Soviet interests.

quote:

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Trump officials have refused to process cases for approximately 55,000 Diversity Visas

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Such a stupid thing that should not exist.

You should make a burner Youtube account, bro before you post your own content to the OT.

In any case, cool videos, but that's a big "nope rope" for me.

I think the MMT people are right - debt doesn't matter when the entity in debt is the same entity that creates the money. Debt matters to me and you because we don't print money, but the government is not an individual.

Conventional economic theory predicts that a high debt to GDP ratio causes collapse. Well, they were wrong about Japan who has had over a 200% debt to GDP ratio for 30 years. (Ours is 120%). How did Japan do it? They never had a ton of inflation (and even deflation at times). MMT theorists cite this as a win for their ideas. (MMT states that as long as inflation is low, the debt doesn't matter at all).

Britain is another example. They ran enormous debts for centuries. By the time of the American Revolution they had a 156% debt to GDP ratio (it's one reason they wanted to tax the colonists here). Then they went and fought Napoleon and grew their debt much more at a ratio of 200% debt to GDP (and a total debt of about $1 billion). If you convert that to 2026 dollars using the modern American GDP, that means Britain's debt in 1815 was equivalent to the U.S. owing $65 trillion today.

Despite this, Britain was still the world power up until about WWI.They collapsed after WWII, but debt wasn't the main reason. (Ironically, the U.S. held most of Britain's debt at the time). Two world wars, losing a ton of young people, the USA rising, Germany and Japan competing in industry all created a perfect storm.

On the other hand, Britain was really good about getting that debt to GDP ratio DOWN during peacetime (down - to like 20%). The interesting thing about the U.S. is we are the opposite - ours has grown more during peacetime than it ever has during any war. Why? Because our politicians in the past 40 years have borrowed to finance wars instead of raising taxes. In fact, they borrow and then decrease taxes at the same time.

Here is a post I found on Youtube (written by a South Korean) which Google translated:

quote:

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Lee Jae-myung is a pro-China and pro-North Korea faction member.

He is driving Korea to ruin through election fraud.

A large number of Democratic Party lawmakers in Korea are fakes resulting from election fraud.

Having seized the majority in the National Assembly, they are arbitrarily changing laws to impeach the President, suppressing freedom of expression and religion, and heading toward communization. They do not hesitate to manipulate opinion polls and are imprisoning citizens who cite election fraud.

Many Korean citizens, perhaps because they have no trouble making a living, have no interest in politics and do not pay attention to it.

They are cunningly exploiting this fact. Korean youth and patriots are holding rallies every day, but the media does not report on them.

For decades, they have infiltrated almost every sector—the National Assembly, prosecutors, police, judges, entertainers, and the cultural world—gradually eliminating right-wingers, establishing themselves, and creating a world of their own. Since the media brainwashes the public every day, there are many citizens who cannot awaken.

The United States must help.

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I know little about it, but it wouldn't surprise me if their Democrats are commies just like ours.

IU didn't win the title because of NIL. Their roster was shite compared to everyone else in the playoffs. Yes, their QB was good but he wasn't highly recruited at all. Cignetti just knows how to find diamonds in the rough in the portal and develop them.