Comments by "" (@urrywest) on "U.S. On Brink of Debt Default, Treasury Department Warns | Did Ukraine War Increase Debt Burden?" video.

That is so stupid.... How could the US run out of the dollars they make?
6
@peterlamin8363 It is getting obvious that the US empire is in huge trouble but it is not because they put dollars in cerculation.
3
@watcher805 All of the dollars in cerculation were printed by the US goverment. That is exactly how much debt there is.... The dollars that are printed go to wall street and they are pumping up rich peoples asset values which is causeing rent inflation... If the money goes toward other things that create value it can cause the money to be worth more.
2
@RajVivek You are correct that I don't have a basic understanding of currency valueations... I was reading Supper Impirialism and I don't understand how currencies were valued and the dynamics of 'the dutch desease'... What is clear is that the Korean and Vietnam wars were because the US needed to deficit spend and that up until now all countries would take US 'printed' dollars for anything gladly.. Not understanding something clearly doen't make any of my staments not true...
2
@RajVivek I share your predciton that the US dollar will follow standard valueation laws in the future, perahps in my lifetime. It doen't right now... The Korean war was faught because the US wanted dollar hegimony and needed the alies to pay off their war debt, specified in dollars... My meantor in these things is Michaeil Hudson... Who went to work for the CIA in the seventies explaining his book 'Super Impiralism"Another is Stepany Kelton and her book 'Deficit Myth" .... I should probably re-read that... It is written at an eighth grade readling level and has many of the basics. There is a Youtube lcture series in Geopolitical Economy Report with Professors Michael Hudson and Radhika Desa that we can get in the states. It just starated but I tend to think they will be covering currency valueations as well.
2
@RajVivek It is not true that "value of dollar bills becomes less with increase of dollar circulation in the market" Dollars can be "printed" for things that create value and in that way it can reduce inflation... If value was unable to expand or is contracting then every dollar that is "printed' would cause inflation or if there is dollars that are printed for a certain project that there is not capacity for for instance there is an inflation in millatary hardware. Vermine Suprime, who perennially runs for president, has a policy plank that everyone in the country would get a pony. If that policy was implemented the government could print as much money as it takes but the capcity for the expansion of pony numbers is finite so ponies would be very expensive... Right now inflation is driven by monopolies and asset value inflation [bubble].
1
@peterlamin8363 I don't undestand what you mean by that sentance.
1