Comments by "Joseph Jones" (@drip369) on "CNBC Anchor GOES OFF ON Elizabeth Warren FILIBUSTERING Debate With Democrat Conspiracy Theories!" video.

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  7.  @MichaelRahaman-g8n  if only you knew how easy it was. Let's just say if Venezuela Zimbabwe and Germany from the last century ever decided to remove all of that excess currency from circulation, there would be less currency circulating chasing the same amount of goods and services and price would go down. Removing the currency is called deflation. But where does currency come from since we do not use gold as collateral? Well if you borrow a dollar into existence, and you promise to pay it back with interest, you have to borrow a second dollar to account for that first dollar but now you have to borrow two more dollars to pay back the $2 you just borrowed into existence which means now you have to borrow $4 to pay back the $4 in existence etc etc. If you pay back the debt, the currency disappears but governments do not want to do that, they do not want to remove the currency from circulation, because at some point if they pay back the debt entirely, there is absolutely no currency but they're still a debt owed. It's a pyramid skeeme, and increased prices is a side effect of it. When countries used gold and silver as money, trade inside and outside of the country was a natural accounting measure that would lead to inflation and deflation all on its own. A fiat currency does not have that which is why it's not money which is why loses value because people can't stop borrowing it into existence and they don't want to pay it back. They don't want to take it out of circulation because if they did, they would just put it in their pockets and spend it back into circulation and the problem would never go away. It's extremely simple to do with, it's just nobody's willing to do it.
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  8.  @MichaelRahaman-g8n   if only you knew how easy it was. Let's just say if Venezuela, Zimbabwe, and Germany from the last century, ever decided to remove all of that excess currency from circulation, there would be less currency circulating chasing the same amount of goods&services and price would go down. Removing the currency is called deflation. But, where does currency come from since we do not use gold as collateral? Well, if you borrow one dollar into existence, and you promise to pay it back with interest, you have to borrow a second dollar to account for that first dollar but now you have to borrow two more dollars to pay back the $2 you just borrowed into existence, which means now you have to borrow $4 to pay back the $4 in existence etc etc. If you pay back the debt, the currency disappears but governments do not want to do that, they do not want to remove the currency from circulation, because at some point if they pay back the debt entirely, there is absolutely no currency left but there still is a debt owed. It's a pyramid skeeme, and increased prices are a side effect of it. When countries used gold and silver as money, trade inside and outside of the country was a natural accounting measure that would lead to inflation and deflation, naturally, all on its own. A fiat currency does not have that which is why it's not money, which is why it loses value because people can't stop borrowing it into existence and they don't want to pay it back. They don't want to take it out of circulation because if they did, they would just put it in their pockets and spend it back into circulation and the problem would never go away. It's extremely simple to do with, it's just nobody's willing to do it.
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  9. @user-me6jb4tu5d  if only you knew how easy it was. Let's just say if Venezuela, Zimbabwe, and Germany from the last century, ever decided to remove all of that excess currency from circulation, there would be less currency circulating chasing the same amount of goods&services and price would go down. Removing the currency is called deflation. But, where does currency come from since we do not use gold as collateral? Well, if you borrow one dollar into existence, and you promise to pay it back with interest, you have to borrow a second dollar to account for that first dollar but now you have to borrow two more dollars to pay back the $2 you just borrowed into existence, which means now you have to borrow $4 to pay back the $4 in existence etc etc. If you pay back the debt, the currency disappears but governments do not want to do that, they do not want to remove the currency from circulation, because at some point if they pay back the debt entirely, there is absolutely no currency left but there still is a debt owed. It's a pyramid skeeme, and increased prices are a side effect of it. When countries used gold and silver as money, trade inside and outside of the country was a natural accounting measure that would lead to inflation and deflation, naturally, all on its own. A fiat currency does not have that which is why it's not money, which is why it loses value because people can't stop borrowing it into existence and they don't want to pay it back. They don't want to take it out of circulation because if they did, they would just put it in their pockets and spend it back into circulation and the problem would never go away. It's extremely simple to do with, it's just nobody's willing to do it.
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  10.  @MichaelRahaman-g8n  that's because you don't understand where currency comes from and how easy it is to deflate it. Countries are just not willing to do the right thing which is removing the currency. If you borrow $1 into existence and promise to pay it back with interest, you now have to borrow a second dollar to pay back the first dollar but now you have $2 in existence and you have to borrow two more dollars to pay those two dollars back plus interest and the pyramid continues to build. The best way to get rid of that currency would be to pay it off but at some point the currency will disappear and there will still be a debt owed. Think about countries that have experienced hyperinflation, if they were to Simply remove bills from circulation, there would be less currency chasing the same amount of goods and services therefore prices would go down but governments do not want to remove currency from circulation, they just continue to borrow more and circulate more into existence which continuously causes prices to go up. It's literally as simple as removing it from circulation and if you somehow disagree, then you still don't understand where currency comes from and how inflation and deflation works. It's literally as simple as paying off your debt because if you borrow $1,000 into existence and you spend it, and you pay back that $1,000, there is no longer $1,000 circulating out in the market. Since fiat currency is government enforced, even though it violates the US Constitution, they can't payback the debt on the currency otherwise they will have no currency therefore they will have no power
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