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#Post#: 5595--------------------------------------------------
Re: Monetary Wealth
DIR By: guest5
Date: April 16, 2021, 2:26 am
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Why The U.S. Can’t Go Broke
--- Quote ---
> The U.S. national debt is now bigger than its economy. That
might sound scary, but we’ll explain how the United States can
never go broke and can actually pay all of its debts whenever it
wants to.
> To help us, we spoke to economics professor Stephanie Kelton,
author of The Deficit Myth, former chief economist on the U.S.
Senate Budge Committee and a former economic advisor to Bernie
Sanders.
--- End Quote ---
HTML https://www.youtube.com/watch?v=mmuysv17T9M
--- Quote ---
> Aamir Zaman
> 1 day ago
> More money has been printed in the last year, than the last
100 years combined, but dont worry guys, all is good.
--- End Quote ---
--- Quote ---
> Mark Yablonski
> 1 day ago
> For real people act like hyperinflation can’t happen lmao. We
lost tons of jobs and tax dollars from COVID and doubled the
debt at the same time. people involved in crypto and the stock
market see it coming within the next few years or sooner
--- End Quote ---
--- Quote ---
> coolmodelguy
> 1 day ago
> Yes, the United States printed (or key stroked into existence)
$11 trillion in 2020. With a $9.8 trillion gain in financial
assets and the Federal Reserve accepting corporate bonds as loan
collateral, most of that money went into the stock market
(massive inflation in the stock market last year). So if we just
do some straight across math (not entirely accurate but close
enough), only $1.2 trillion actually made it into the real
economy and of that, most was paid as contracts to giant
corporations (Pfizer, Moderna, 3M). The American people got
squat out of all that spending, lost millions of jobs and now
housing costs are going into the stratoshere.
--- End Quote ---
--- Quote ---
> Rank Amateur
> 1 day ago
> The ONLY reason we need to worry about other nations is due to
the trade deficit. This results in dollars pooling in foreign
banks. A significant amount of that money is used to purchase
Treasury Bonds. The money used to purchase that debt does not go
to the Federal government, it goes back into the infinite
coffers of the FED. (essentially, it is drained from the
economy)
>
> The problem with this is that without mechanisms to replace
this lost liquidity, the entire supply would be smaller at the
end of every cycle. Shrinking the economy constantly. the real
problem there is that, so long as we're operating a deficit, and
selling large numbers of bonds as a result, deficit spending
isn't optional. It keeps the system from collapsing.
>
> How might you be correct?
>
> Obviously, as foreign banks possess more and more Treasury
Bonds. Confidence in the dollar will eventually decline. There
is definitely an upper limit, and nobody knows what it is.
> Looking at China, and there current push for de-dollarization,
this process has already started. It will not happen quickly,
and it will only change the global trade dynamics. The low cost
products we have grown to rely on will slowly rise in price, as
China see's the dollar as worth less to them over time.
--- End Quote ---
It often feels like most people are never quite 100% sure about
anything when it comes to economics, some are just a little more
confident in their beliefs about money and economics than
others....
One thing remains certain, as Adam Smith once stated, "All money
is a belief!". The only reason money has value is because enough
people believe it does.
#Post#: 5959--------------------------------------------------
Re: Monetary Wealth
DIR By: guest5
Date: April 29, 2021, 11:01 pm
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Fugger - Banker Who Made the Habsburgs Hegemon of Europe
--- Quote ---
> Kings and Generals' historical animated documentary series on
economic history, continues with a video on Jakob Fugger - the
German banker and businessman who became one of the richest
people of the late medieval period by introducing a number of
new business practices and tying his fortune to the rising
Habsburgs, financing them in becoming the hegemon power in
Europe. His loans were crucial for the Habsburg victory at the
battle of Pavia in 1525
--- End Quote ---
HTML https://www.youtube.com/watch?v=95Nmtm7XnvU&list=TLPQMzAwNDIwMjForMhhExz1Kw&index=1
See also:
HTML https://trueleft.createaforum.com/colonial-era/the-origins-of-the-habsburgs-explained/
#Post#: 6810--------------------------------------------------
Re: Monetary Wealth
DIR By: guest5
Date: May 30, 2021, 11:08 pm
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Are Swiss banks in trouble? | CNBC Explains
--- Quote ---
> A global clampdown on tax evasion, led by U.S. law
authorities, has transformed the banking industry in
Switzerland. Without its famed reputation for secrecy, wealthy
foreigners no longer see it as a haven to hide their money. So
how have Swiss banks adapted? CNBC’s Tom Chitty is joined by
Geoff Cutmore to explain.
--- End Quote ---
HTML https://www.youtube.com/watch?v=SxieYEeSx2c
Chitty and Cutmore explain, this should be fun! :)
#Post#: 7055--------------------------------------------------
Re: Monetary Wealth
DIR By: guest5
Date: June 10, 2021, 10:30 pm
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New Warning Of Errors On Consumers’ Credit Reports
--- Quote ---
> Consumer Reports asked its members to check for mistakes on
their credit report. Of those who replied, a third found errors
from incorrect addresses to false debt amounts.
--- End Quote ---
HTML https://www.youtube.com/watch?v=-KCK20o9JsI&list=TLPQMTEwNjIwMjHMBL4da7YTyA&index=10
Inflation Rising At Fastest Pace In Nearly 13 Years
--- Quote ---
> Inflation rose 5 percent since last year as the economy
recovers. NBC News’ Stephanie Ruhle has details on what
consumers can expect, with increases on items like bread,
coffee, clothing and more.
--- End Quote ---
HTML https://www.youtube.com/watch?v=PJyJuP-AxBE
#Post#: 7066--------------------------------------------------
Re: Monetary Wealth
DIR By: guest5
Date: June 10, 2021, 11:20 pm
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That’s Rich: How U.S. Billionaires Avoided Paying Any Income
Taxes
--- Quote ---
> A ProPublica report revealed how some of America’s wealthiest
people paid zero, zilch, nada, some year, in federal income
taxes. Author Anand Giridharadas and economist Arthur Laffer
have a fiery debate on how much the nation’s top earners should
be taxed.
>
> The Mehdi Hasan Show: Insightful reporting and probing
interviews that examine the day's events and provide a deeper
level of context for the politics of our interconnected society.
--- End Quote ---
HTML https://www.youtube.com/watch?v=hVY-0su6CI4
In a sane and just world they would be stripped of their
citizenship and made stateless, forced to live out their lives
in a stateless zone.
#Post#: 7081--------------------------------------------------
Re: Monetary Wealth
DIR By: Killthebank
Date: June 11, 2021, 2:18 pm
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Racist origins of North American tipping culture
HTML https://www.politico.com/magazine/story/2019/07/17/william-barber-tipping-racist-past-227361
--- Quote ---
> You might not think of tipping as a legacy of slavery, but it
has a far more racialized history than most Americans realize.
Tipping originated in feudal Europe and was imported back to the
United States by American travelers eager to seem sophisticated.
The practice spread throughout the country after the Civil War
as U.S. employers, largely in the hospitality sector, looked for
ways to avoid paying formerly enslaved workers.
>
> One of the most notorious examples comes from the Pullman
Company, which hired newly freed African American men as
porters. Rather than paying them a real wage, Pullman provided
the black porters with just a meager pittance, forcing them to
rely on tips from their white clientele for most of their pay.
--- End Quote ---
Everytime I express displeasure with the tipping culture, I am
called a cheapskate or someone that doesn't empathize with
service workers. Nevermind the fact that a lot of service jobs
are not tipped.
#Post#: 7570--------------------------------------------------
Re: Monetary Wealth
DIR By: guest55
Date: July 17, 2021, 3:14 pm
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Better than Crypto? Why central banks are racing to launch
digital currencies
--- Quote ---
> The rise of cryptocurrencies like Bitcoin caused central banks
around the world to sit up and take notice. Concerned about what
widespread adoption could mean for their ability to implement
economic policy, they are now racing to create their own forms
of digital money. With China charging ahead, how will the new
era of central bank digital currencies disrupt existing power
dynamics in the financial system? And what will all of this mean
for consumers?
--- End Quote ---
HTML https://www.youtube.com/watch?v=oMpiF2HOIas
Which digital currency will have more value, the one backed by a
state's central bank or one that isn't backed by anything?
#Post#: 7573--------------------------------------------------
Re: South West Africa
DIR By: guest55
Date: July 17, 2021, 3:27 pm
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South Africa: More than 100 dead in worst unrest since apartheid
--- Quote ---
> South Africa is facing its worst unrest since apartheid. What
originally started as protests over the arrest and jailing of
former President Jacob Zuma shifted to violence and anger over
the country's dire social and economic issues.
> Now a clean-up operation is underway after days of looting of
shopping centers and businesses that disrupted supply chains and
transport links. The government has deployed security forces to
contain tensions in several provinces. More than 100 people have
been killed and over 2,000 arrested. A week after protests
started, president Cyril Ramaphosa visited the affected sites
and says the economy has been hit hard.
> Now, there are fears of food and fuel shortages. DW's
Christine Mhundwa has more on the residents stocking up on basic
supplies.
--- End Quote ---
HTML https://www.youtube.com/watch?v=Tnyy_QTjRyE
#Post#: 7798--------------------------------------------------
Re: Monetary Wealth
DIR By: guest55
Date: July 30, 2021, 11:14 pm
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Corrupt Politics - Why Isn’t This ILLEGAL?!!
--- Quote ---
> I react to a recent article by Glenn Greenwald about House
Speaker Nancy Pelosi who "has become far richer through
investment manoeuvres in Big Tech, as she privately chats with
their CEOs."
> #NancyPelosi #InsiderTrading #corruption #politics #BigTech
--- End Quote ---
HTML https://www.youtube.com/watch?v=hcsx4Xi5M-I
--- Quote ---
> Jody Yates
> 6 hours ago
> Let’s call “donations “ what they are, BRIBES
> Now let’s make it illegal......
--- End Quote ---
--- Quote ---
> Cole Roberts
> 3 hours ago (edited)
> Ugh, it used to be regulated. It went from limitations on
donating money, specifically from corporations, in Buckley v.
Valeo, to Citizens United v. FEC, which held corporations were
persons who could support political candidates as much as much
as individuals do so long as they aren't coordinating directly
with that particular candidate. Then in McCutcheon v. FEC, the
Supreme Court struck down aggregate limits on contributions. All
under the First Amendment. The U.S. & it's Freedoms were sold in
2014. See the results?
--- End Quote ---
--- Quote ---
> Paul Revere
> 6 hours ago
> “A society that separates it’s scholars from it’s warriors
will have it’s thinking done by cowards and it’s fighting done
by fools.” Thuycydides
--- End Quote ---
#Post#: 8088--------------------------------------------------
Re: Monetary Wealth
DIR By: guest55
Date: August 15, 2021, 1:47 pm
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Chris Hedges | How Bankers ROBBED and ENSLAVED America
HTML https://www.youtube.com/watch?v=gZnwIyQjCOg
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