Comments by "bighand69" (@bighands69) on "" video.

The US currency is amazingly managed. It has been used to try and build peace at the global stage but that can only be done with an economy at the scale and depth of the US economy. The US has thousands of trillions of assets in value and can easily dig that deep. The main problem the US has is that it cannot easily create enough currency to fill in the voids when it occurs hence why free money is not available when needed and QE is required.
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The US economy is extraordinarily deep. The reason why the US government uses QE is that it cannot supply enough money to the system at times.
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American debt is very misleading because it is not an actual hard debt. About 3 to 5 trillion of that is pure hard external debt. About 7 to 12 trillion is hard internal debt at most. Most US debt is an accounting exercise that includes liabilities such as social security. It also includes banking liabilities through various entities. People act like it is a hard debt with a promissory in place when it is not. The US has thousands of trillions in assets and does not need to borrow to prop up its currency. It took the US from the mid 1850s upto the 2000s to build up all those assets that it can then use as it sees fit.
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The problem with economics is that it is theoretical and not easily applied to the here and now. There are certain universal truths of economic such as supply and demand in the marketplace or structural aspects of currency that hold true.
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Nope that is just fantasy. Inflation ran away in the US because it simply at that stage did not have a fully functioning economy. It was a dependent economic entity of the British Crown meaning it simply was not functioning at its true economic output levels nor did it have any really ability to impose policy at either a currency level or government entity level. These were some of the driving factors of the revolutionary war in it is self. Currency manipulation was not the reason for the inflation.
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Dollar is just a name and was never a structural natural market device of trade. No two countries dollars are alike.
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US national debt is not actually the figure that is claimed. Most of that is liabilities and accounting exercises within the government with no repayment structures or holdings. Real US debt is half that of GDP but it also is stacked against total assets that run into the trillions in value.
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@Mehwhatevr There are currencies that are actually pegged by their government. There is currently 65 currencies that governments peg to the US dollar.
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I have heard the same thing 15 years ago from various sources. There was claims after 2008 crash that Russia had this massive reserve of gold and that everybody was just going to go over and join up with them. China came next with everybody claiming it would be the dominant currency. There was even people claiming it would be the Euro. They have all moved on now to the fantasy BRICs currency but they cannot tell you what it will be. There are those still claiming it would be Bitcoin but they cannot tell you how such a currency would service the market never mind the fact no body actually knows about it.
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Everything in America faces legislation and the idea that bitcoin can some how stay out side that but at the same operate within the US is laughable. Bitcoin at present is house fly in a mansion and until it becomes a wasp it will be mostly ignored.
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@strategicviewpoint6672 People are assuming that US debt is a Promissory when it is not. The bulk of US debt is nothing more than a government accounting and finance exercise. It is not hard money with repayments. People are trying to apply personal finance concepts to a currency that is part of an economy that has thousands of trillions in assets. On top of that people then take the business cycle to be the same as the currency and economic assets.
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The IMF cannot exist without US underpinning it.
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That time is all in your head and not part of reality.
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